News Release
For Immediate Release


Sun endorses EON's BankFrame for EJB Banking

. First EJB framework in the finance market

. First framework with true EJB Enterprise Architecture

Java 99, Olympia, November 17 1999: Sun Microsystems has delivered its most
powerful  endorsement yet of EON Technologies' BankFrame product, in a move
which  is certain to boost interest in the Dublin software company. EON has
long been involved in SunConnect, and the new announcement establishes them
as  one of Sun's 'preferred partners', especially in the financial services
marketplace.

"EON  has  been a founder partner in the SunConnect architecture," comments
Dermot  Duggan, SunConnect Global Program Manager, Sun Microsystems, "which
underpins  our  confidence  in  the capability of their software to provide
scaleable  and flexible solutions for core banking." Hardly a major bank is
not  now  investigating  the  benefits of component-based systems, in stark
contrast to the caution of just a year or so ago. EON is working with banks
large  and  small  in  Europe,  the  USA  and South Africa, helping them to
exploit the potential of EJB banking architectures.

BankFrame  is  a complete EJB component offering for retail banks, covering
architecture,methodologies,  component  sets,  and implementation tools. It
covers  every  area  of banking applciations, from core system processes to
teller  functions,  call  centre  management  to  loan  processing,  and is
designed to offer cross-channel functionality (internet, telephone, branch,
PDA, mobile) with maximum reuse of components and code.

"We  have  worked  with  EON consistently over the last 3 years," continues
Duggan, "and have seen a major increase in interest in Java component based
approaches  to  enterprise  scale  banking  solutions such as BankFrame. As
SunConnect  continues  to  gain market visiblity, EON's BankFrame will be a
major part of our offering to the market."

EON  claims  BankFrame  to  be  the  first true EJB Enterprise Architecture
framework,  and  it  has  been SunConnect compliant since the early days of
Sun's architectures program. With Sun's ongoing support, EON now intends to
develop  BankFrame  further,  to  address  the  needs  of the corporate and
wholesale banking markets, including insurance and trading.

"There's  no question that the banking market has reached a stability and a
maturity  with regard to EJB investment." comments EON's CEO, Jim Callan. "
Successful  developments  such as our own EJB Banking benchmark have helped
to  illustrate the scalability and robustness of Java banking applications.
This  additional  approval  from  the SunConnect program reflects the rapid
growth in acceptance of solutions like BankFrame."

EON Technologies

EON  Technologies  is a software company specialising in the development of
Java  component-based  solutions  for  Banks  and Retail Financial Services
organisations.  EON's  flagship  product,  BankFrame, is an architecture, a
methodology,  and  a  factory  of  Java  software components for assembling
scalable  distributed  banking  solutions. EON's corporate headquarters are
situated  in  Dublin,  with  offices  in  the USA, UK and Delhi, India. The
company  is  acknowledged  in  the  Banking  industry  as  a  leader in the
provision  and delivery of scalable, industry standard Java component-based
systems.


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