Bluestone Software Acquires Arjuna Solutions For Wireless & Internet Commerce.

Pioneering the next-generation model of distributed transactioning systems for wireless and Internet applications, Bluestone Software Inc. (Nasdaq: BLSW), a leader in business-to-Web and wireless technologies, announced that it has acquired Arjuna Solutions Limited of Newcastle, England for

$13.23 million. Arjuna is one of the world's leading centers of expertise in standards-based, distributed transactional and workflow software, and the developers of the industry's first and only commercial transactioning system developed entirely with Java technology and based on Sun Microsystems' Java Transaction Service (JTS).

The acquisition of Arjuna bolsters Bluestone's Internet Operating Environment with an embedded, high-performance, pure Java Transaction Service and gives the industry its first commercial, entirely Java technology based, alternative to the currently available, mostly non-Java based, transactioning systems on the market. In doing so, Bluestone is establishing a new standard for easy-to-integrate, easy-to-maintain, and easy-to-scale, distributed transactioning technology, as well as delivering financial service-grade integrity to meet the high volume demands of the Internet and wireless worlds.

Transactioning technology is essential to ensuring the absolute completion and accuracy of business processes when a transaction is performed. Most traditionally associated with financial and telecommunications applications, a transaction engine is now increasingly required for virtually all e-business services to ensure that a company's multiple systems, from order management to shipping to billing, are accurately updated as a single complete transaction, and that the customer is readily informed of the transaction status. "As our customers look toward the next generation of our Internet Operating Environment, they are seeking a new model of distributed transactioning that can meet the high volume demands of Internet e-commerce, and that model will inevitably be Java technology based," added Kilroy.