Four resellers signed
Foundry Networks looks set to post big quarterly results next week since signing with four reseller partners and setting up shop in Australia.
The high-end switch and router maker has signed up with NetStar Networks, Quadtel and ASI Solutions, as well New Zealand-based reseller Trilogy Computer Systems. Regional manager of PictureTel Gordon Vick claims the company chose NetStar for its strength in telcos and high-end enterprise, Quadtel for its strength in the telco and ISP markets, and ASI Solutions for its strengths in storage and government. The company's Australian launch coincided with the acquisition of reseller Provision by Network Associates. Previously, Provision was the only reseller selling Foundry's products in Australia - "so it actually worked out quite well," Vick said.
Corel scores financing deal with unnamed investor
After announcing it will eliminate 139 jobs in Ireland as part of a $US40 million cost-cutting program, software developer Corel has said an unnamed investor could purchase up to 14.7 million shares of the company over the next two years. The shares represent 19.9 per cent of Corel's 73.5 million share total and are valued at $56 million. Derek Burney, acting president and CEO of Corel, said in a statement that the cash infusion will supplement the company's cash reserves and allow it to invest in future opportunities. Corel spokeswoman Louise Hanlon said the company cannot divulge the name of the investor at this time, and will not make any statements regarding its current financial status until it releases its third-quarter financial report later this month.
Alliance completes first phase e-marketplace
The first phase in the electronic-marketplace alliance formed by IBM, i2 Technologies and Ariba is now complete. The vendors are now working on making their products interoperable, with the aim of creating a business-to-business (B2B) platform. As part of the alliance, which was formed in March this year, the three companies are also working on B2B standards. The first phase required the efforts of 300 software developers globally and has led to interoperability of the baseline components of Ariba's B2B Commerce Platform and i2's TradeMatrix software with IBM hardware and middleware, including WebSphere Business-to-Business Integrator, DB2 Universal Database and Tivoli e-Marketplace Manager. Interoperability work will continue through to the end of this year, the companies said, with efforts also focused on porting components of Ariba's platform to the IBM application server and hardware platforms.