HERNDON, Va.--(Business Wire)--
Next Century Technologies, Inc. (NCT), a holding company based in
Herndon, Virginia, today announced the execution and closing of an
asset purchase transaction with Stelligent Incorporated whereby NCT
acquired the JNetDirect business from Stelligent.
JNetDirect (www.jnetdirect.com) is a manufacturer and distributor
of software products for data connectivity, integration, management
and security. JNetDirect's award winning JSQLConnect, is one of the
industry's top selling JDBC drivers for high performance access to
Microsoft's SQL Server products. JNetDirect also retains distribution
rights for several new leading edge software applications including
Elixir Technology's Repertoire, a business intelligence / reporting /
dashboard tool; SQL Farms Combine, a development and deployment
product for large database farms; and Thycotic's Secret Server, a
password management software package.
"We view this transaction as an opportunity for JNet's management
and employees to now focus on an aggressive growth strategy," stated
Ron Wright, CEO of Next Century Technologies (www.nxtcent.com). "With
over 3,000 customers worldwide and IT professionals in every market
segment working with JNetDirect products, NCT believes it has obtained
an excellent vehicle for further growth and expansion."
JNetDirect's main office has relocated to 12801 Worldgate Drive in
Herndon, Virginia and Mr. Wright will become Chairman and CEO of
JNetDirect Incorporated. Terms of the transaction were not disclosed
and Next Century Technologies retains its interest in Stelligent
Incorporated (www.stelligent.com), an Agile development consulting
firm.
About Next Century Technologies, Inc.
Next Century Technologies, Inc. (NCT) is a holding company with an
international focus on medical technology, software, biotechnology and
related distribution services and outsourcing services to those
markets.
Headquartered in Herndon, Virginia, Next Century concentrates on a
structure of lean management, investment in technology and autonomous
operation of its individual investments which are developing new
products and services that revolutionize the markets they address.
For more information, visit www.nxtcent.com
Ron Wright, 703-871-3910
Copyright Business Wire 2008
