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August 12, 1996

TRANSACTNET BREWS JAVA TOOL FOR WEB AUTOMATION

By CBR Staff Writer

Adding to the never-ending list of start-ups claiming to have the next revolutionary Java tool, TransactNet Inc, Fairfax, Virginia, will enter the caffeinated fray in late September. At the heart of TransactNet’s WebInterface Toolkit (WIT) is the concept of a second window to the Web – in addition to a browser – which it says makes it easier for users to pull information through the Internet and integrate it with their applications.WIT will be the basis of a tools suite with a second tool appearing in early1997. Privately-funded TransactNet says it’ll have drained its cash supplies by the end of the year, but is set to close a first round of venture capital in the next month or so. The pure-Java WIT, which went into beta this week, will allow developers to create systems which integrate external Web-based services, such as order and package tracking, with internal processes.TransactNet claims this function is currently impossible without weeks of code generation to enable automated processes to funnel through traditional Web browsers. WIT includes a set of Java classes, code generators and an interface. It generates applets, applications and servlets which can be deployed on Netscape Communications Corp’s servers and the upcoming Jeeves servers from Sun Microsystems Inc’s JavaSoft’s division. WIT will cost$2,500 per server, $200 to $300 for an unsupported developer seat and $40 for a run-time license. The firm is the fourth start-up for TransactNet president Philip Merrick, one of three founders, who most recently was VP for development at Open Software Associates Inc. Merrick says the company is in talks with a handful of middle-tier systems integrators to spread the WIT gospel and help train users.

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