Next Century Technologies Purchases JNetDirect
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
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