BackWeb
PRODUCTS & SERVICES    |     CUSTOMERS    |     NEWS    |     ABOUT US
Press Releases

BackWeb Technologies Announces Initial Public Offering

SAN JOSE, Calif - June 8, 1999 - BackWeb® Technologies Ltd. (Nasdaq: BWEB), a leading provider of Priority Internet communication infrastructure and applications software for the extended enterprise, today announced the initial public offering of its ordinary shares on the Nasdaq National Market under the trading symbol BWEB. The initial public offering price for the 5,500,000 shares offered by the company is $12 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 825,000 ordinary shares at the offering price to cover over-allotments. Goldman, Sachs & Co. is the lead underwriter of the offering. The other co-managing underwriters of the offering are BancBoston Robertson Stephens, Lehman Brothers and Wit Capital Corporation.

BackWeb is a leading provider of Priority Internet communication infrastructure software and application-specific software that enable companies to communicate business-critical, time-sensitive information throughout the extended enterprise of customers, partners and employees. BackWeb's products provide a reliable solution for communicating large amounts of data in any digital format by enabling its customers to gather and disseminate information efficiently by automatically adapting the rate of transmission to match available network capacity. In addition, BackWeb's software enables companies to adapt quickly to changing market conditions through direct interaction with their customers, partners and employees; thereby accelerating the execution of their business processes.

A copy of the Prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, (212) 902-1000.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission.

About BackWeb Technologies
BackWeb Technologies is a leading offline Web software company. BackWeb extends the value of technology investments by offering mobile and remote employees offline access to portals, intranets and other Web-based applications and content. The company's products reduce network costs and improve the productivity of an increasingly mobile workforce. At the core of BackWeb's products is its patented Polite® synchronization technology that can distribute large amounts of data even over narrow bandwidth connections. BackWeb® customers include market leaders such as Boehringer Ingelheim, Centocor, Eastman Kodak, GE Healthcare, Guidant, HP, KLA Tencor, Lam Research, Pfizer and more than one hundred other companies. BackWeb also has strategic reseller alliances with software industry leaders: Plumtree, SAP and IBM. The company is headquartered in San Jose, Calif. and Rosh Ha'ayin, Israel. For more information, visit www.backweb.com or call (800) 863-0100.

Statements in this news release, which are not purely historical, are forward-looking statements within the meaning of the U.S. Securities laws, including statements of beliefs, plans, expectations or intentions regarding the future. Examples of these statements include, but are not limited to, the ability of BackWeb software to allow customers to gain mobile, disconnected use of their portals and help increase field sales and field service productivity, the integration of BackWeb software with BEA products will help developers extend portal applications for offline use without changing the way they work, and the ability of the resulting applications to help field sales and service organizations realize maximum productivity, cost savings, and process acceleration gains while disconnected from the network. Actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include unforeseen technological issues related to use of the BackWeb software, deployment issues related to implementation, unforeseen software errors, competitive factors and business and expense factors that may affect the perceived efficiencies from use of BackWeb's products, and the risks and uncertainties detailed from time to time in BackWeb's periodic reports and registration statements filed with the U.S. Securities and Exchange Commission. BackWeb assumes no obligation to update any forward-looking statements contained in this press release.

© 2004 BackWeb Technologies Ltd. All rights reserved. BackWeb and Polite are registered trademarks of BackWeb Technologies. All other trademarks are property of their respective owners.