Opsware Inc. Chairman Marc Andreessen Terminates 10b5-1 Plan
March 28 2006 - 5:44PM
Business Wire
Opsware Inc. (NASDAQ:OPSW) the leading provider of IT automation
and utility computing software, today announced that its Co-founder
and Chairman of the Board, Marc Andreessen, has terminated his
previously announced 10b5-1 plan. Mr. Andreessen adopted the plan
in September, 2004 to sell up to 3 million shares of Opsware Inc.
After selling approximately 2 million shares under the program,
Andreessen has recouped his initial investment in Opsware and has
elected to terminate the plan. Andreessen remains Opsware Inc.'s
largest individual beneficial shareholder with approximately 10.1
million shares beneficially owned. About Opsware Inc. Opsware Inc.
(NASDAQ:OPSW) is the world's leading IT automation and utility
computing software company. The growth of the Internet is driving a
shift from client/server computing to Web architecture. With this
shift comes an overwhelming proliferation of servers, network
devices and applications, creating massive complexity that makes an
automated IT model a necessity. The Opsware System automates the
complete IT lifecycle and delivers utility computing by enabling IT
to automatically provision, patch, configure, secure, change,
scale, audit, recover, consolidate, migrate, and reallocate
servers, network devices and applications. Over 350 of the world's
largest companies, outsourcers and government agencies use Opsware
to deliver this new, automated model of IT. For more information on
Opsware Inc., please visit our web site at www.opsware.com. Opsware
is a service mark and trademark of Opsware Inc. All other product
names, service marks, and trademarks mentioned herein are
trademarks of their respective owners.
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