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November 14, 1995

BANYAN SHEDS 10% OF ITS WORKFORCE AS IT RESTRUCTURES TO CREATE UNIT TO FOCUS ON INTERNET

By CBR Staff Writer

Following the flock, Banyan Systems Inc, based in Westborough, Massachusetts, has reorganised into two divisions to focus on its Redwood product line and the Internet. The new Internet Business Division will concentrate on providing BeyondMail messaging and the Internet Business Directory to Internet users, and the Enterprise Networking Division will focus on developing and marketing the Vines network operating system, ENS Enterprise Networking System, and BeyondMail messaging worldwide. Banyan director of finance and treasurer Richard Spaulding said that the restructuring was driven by customer demand that Banyan will focus its efforts on developing Internet access for the Vines and Enterprise Networking System. Enterprise Networking System is Banyan’s largest investment, and the company will continue to add functionality, such as greater messaging offerings, Spaulding promised. Banyan will push for further development and expansion of the StreetTalk global directory, designed to include extended enterprise network components. Some 10% of Banyan’s workforce, primarily within the 800-strong Enterprise Networking division, will be laid off. The company will take a one-time restructuring charge of $5m to $7.5m against its fourth quarter balance sheet as a result. Banyan will also redouble its efforts to implement Enterprise Networking System for Windows NT, with release scheduled for the first half of 1996, Spaulding said. He also confirmed that Banyan has frozen development of Enterprise Networking System for Santa Cruz Unix, but declined to comment further.

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