Adobe Extends Commitment to XML Standards with Acquisition of Yellow Dragon Software
Press release from the issuing company
SAN JOSE, Calif.--Nov. 10, 2003-- Adobe Systems Incorporated today announced that it has acquired the technology assets of privately held Yellow Dragon Software, a developer of XML messaging and metadata management software. The acquisition will deliver technology that further strengthens Adobe's XML architecture, which enables businesses and governments to combine the powerful data and business logic capabilities of XML with the rich presentation and enhanced security capabilities of Adobe Portable Document Format (PDF).
Based in Vancouver, British Columbia, Yellow Dragon provides a commercial, off-the-shelf ebXML (Electronic Business eXtensible Markup Language) solution using an XML registry, as well as a messaging product, for reliably delivering XML messages between servers. The ebXML specification is a technical framework for using XML in a consistent manner in the exchange of electronic business data. By enabling native support for ebXML transactions within the Adobe Intelligent Document Platform and PDF, Adobe is making it faster and easier for organizations to automate their external business processes and protect their investments using open standards. Adobe plans to integrate this technology into its server products next year.
"The addition of Yellow Dragon is a powerful extension to the Adobe Intelligent Document Platform," said Ivan Koon, senior vice president at Adobe. "We believe Yellow Dragon's technology will enable us to offer XML functionality which will be mandated by governments and businesses over the next few years. We also gain experienced engineers who are active in the XML standards arena, and who helped define the ebXML standard."
"The core team at Yellow Dragon has been involved in the XML standards effort since the beginning," said Duane Nickull, executive vice president and co-founder of Yellow Dragon. "Joining the Adobe team will help ensure that our XML technologies enjoy broad adoption as the need for document services grows in the market. We look forward to continuing to deliver new XML technologies that will solve customers' document problems."
Sponsored by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) and the Organization for the Advancement of Structured Information Standards (OASIS), ebXML is a globally developed open XML specification that provides a standard method to exchange business messages, conduct trading relationships, communicate data in common terms, and define and register business processes. The ebXML standard is being widely adopted by governments and manufacturers worldwide.
Adobe believes this acquisition will not have a material financial impact on the company.
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