Sun Micro to Buy Identity-Management Services Firm

The company pads its enterprise portfolio.
Author:
Publish date:

Sun Microsystems

(SUNW) - Get Report

will acquire a privately held

Neologent

, bolstering its efforts to help companies manage the vast number of workers connected to internal computer networks.

Sun said the acquisition of the Austin, Texas, firm will enable it to significantly shorten the time it takes to deploy so-called identity-management services across corporate networks and help companies ensure compliance with new federal regulations like the Sarbanes-Oxley Act and the Health Insurance Portability and Affordability Act.

Sun did not disclose the terms of the deal, saying they were immaterial to its earnings per share.

Sun already makes Java-based identity-management software, which centralize and control employee access to the various internal databases scattered throughout a corporation. Neologent sells tools that automate the process of setting up such a service.

"With Neologent's innovative deployment methodologies, identity projects which could have taken customers over a year may now be completed in as little as 45 days, giving Sun a significant advantage over the competition," said Sun Services Group Senior Vice President Peter Weber in a statement.

The acquisition is expected to close in the second quarter of fiscal 2007, Sun said.

Shares of Sun were up a penny to $5.01 in extended trading.