Joyent Acquires TextDrive

Combines recognized innovators in Web 2.0 team collaboration software and

advanced hosting services to lead the industry shift to network-based


Nov 28, 2005, 00:00 ET from Joyent, Inc.

    SAN ANSELMO, Calif., Nov. 28 /PRNewswire/ -- Joyent, a provider of
 web-based team collaboration software, has acquired TextDrive, an advanced
 application hosting solutions provider. The combination creates a company
 poised to lead the market in the shift to network-based applications.
     "Joyent's innovative, network-based collaboration software combined with
 TextDrive's proven expertise in building high performance hosted solutions,
 creates a company delivering compelling network-based applications over a 100%
 reliable and scalable infrastructure," said David Young, CEO of Joyent.
 "Joyent's combined software and hosting capabilities now deliver a complete
 network-based application and infrastructure platform to our ISP, VAR,
 developer, and end-user customers."
     "We are thrilled with this strategic combination, a perfect fit that
 forges a company with the talent to deliver our customers elegant and powerful
 network-based applications," said Dean Allen, former CEO of TextDrive and now
 President and Director of Joyent Europe. "We look forward to dazzling Joyent
 customers with TextDrive's unparalleled hosting services."
     Joyent is committed to supporting all existing TextDrive products and
 customers. David Young states, "We value the customers and loyal community
 that TextDrive has fostered and intend to continue the superb customer support
 and service that is the legacy of TextDrive."
     Joyent developed the Team Computer(TM) concept in 2004. Focusing on user
 interface and simplicity, Joyent uses innovative web technologies and existing
 open source software components to deliver an innovative Team Computer(TM)
 platform that enables teams to effectively communicate and collaborate with
 email, calendaring, contacts, file sharing, and other shared applications.
     The Joyent Connector software is available either as a pre-configured
 server appliance for deployment on-site, or as a hosted solution delivered
 through a web browser. The appliance is bundled with a service that
 automatically backs up data, monitors the hardware, and updates software.
 Joyent will be launching several tiers of its hosted service in January 2006.
     Born out of a desire to run the best possible servers for those who
 publish on the web, TextDrive is a hosting and infrastructure provider with a
 focus on quality, performance, security and 100% availability. TextDrive uses
 on-demand, clustered computers to give its customers maximum flexibility.
     TextDrive was formed by a unique coming together of open source developers
 and enterprise system administrators, and is the infrastructure behind
 projects like Textpattern, WordPress, Ping-o-Matic, RubyOnRails and

SOURCE Joyent, Inc.