2014

GraphOn Corporation Secures Venture Funding

    JavaOne '98, CAMPBELL, Calif., March 24 /PRNewswire/ -- GraphOn
 Corporation, a developer and marketer of thin client/server software for
 UNIX/X application access announced today they have obtained venture funding
 from Spencer Trask Securities Inc., a New York City-based venture capital
 firm.
     GraphOn will use the funds to add more than 30 new employees to their
 roster, in addition to continuing product development and boosting sales and
 marketing efforts.  According to Walt Keller, president of GraphOn
 Corporation, "MIS managers who want to preserve their investment in their
 UNIX/X applications, but need to integrate Windows and Java desktops, laptops,
 and PDAs find GraphOn's GO-Global, GO-Joe, and GO-Between to be indispensable
 solutions.  Our venture funding will help us expand our ability to support
 GraphOn products in the market and develop new technologies addressing the
 growing need for thin client/server computing solutions."  Keller added,
 "GraphOn plans an IPO, but is open to alliances and acquisitions by
 appropriate suitors."
     Spencer Trask, the venture capital firm providing the funding to GraphOn
 Corporation, represents independent investors as well as venture funding
 pools.  According to Roger Baumberger, Managing Director of Corporate Finance
 at Spencer Trask, "GraphOn represents the ideal investment.  Their family of
 products fulfills specific needs in the network market that shows no sign of
 slowing down.  With their major corporate customers and alliances with
 hardware giants, GraphOn's future prospects are bright."
     GraphOn thin client/server software uses GraphOn's RapidX protocol
 allowing UNIX applications to be delivered over thin bandwidth to Windows,
 Windows NT and Java desktops and PDAs.  GraphOn's thin X server for Java,
 GO-Joe, was adopted by Sun as a standard to access Solaris UNIX/X applications
 from Java desktops and PDAs and even through Java-enabled web browsers.
     Earlier this year, GraphOn announced GO-Between, a thin X server solution
 that uses Windows NT servers as a bridge to deliver UNIX/X applications to
 users of multi-user NT.
 
     GraphOn Corporation
     GraphOn, founded in 1982, develops powerful software to speed and simplify
 network computing and enable efficient thin client applications.  GraphOn
 designed and manufactured the first thin X terminal and has since evolved into
 a software company.  Its products include GO-Global, the world's first thin
 client X server for PCs running Microsoft Windows, and GO-Joe, the world's
 first thin client X server for Java.  GraphOn has strategic relationships with
 major UNIX system vendors, network computer and terminal vendors, system
 integrators, and software companies.  GraphOn's customers are primarily
 Fortune 1000 corporations.  GraphOn is headquartered in Campbell, California.
 Find more data on GraphOn at http://www.graphon.com, email info@graphon.com,
 or call 800-GRAPHON.
     NOTE:  Note the following attribution language:
 
     GraphOn
     GraphOn, GO-Joe, GO-Global, GO-Between, RapidX, and Thin X are trademarks
 or registered trademarks of GraphOn Corp. in the USA and other countries.
 
     UNIX
     UNIX is a registered trademark in the United States and other countries,
 licensed exclusively through X/Open Company, Ltd.
 
     Microsoft
     Microsoft, Windows and Microsoft Explorer are trademarks or registered
 trademarks of Microsoft Corporation in the USA and other countries.
 
     Java and Sun
     Sun and Java are trademarks or registered trademark of Sun Microsystems,
 Inc. in the United States and other countries.
 
     All other products are trademarks of their respective companies.
 
 

SOURCE GraphOn Corporation
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