IBM backs venture capitalist fund's dot-com focusIBM has made an $8.62 million investment in Allen & Buckeridge's third venture capital fund which closes later this year.
The IT giant will also become Allen & Buckeridge's preferred supplier of hardware and software technology and services. The VC focuses on new dot-com companies. The agreement represents IBM's first foray into the Australian venture capital market. According to an IBM spokesperson, the company is involved in other investments and programs outside of Australia.
Under the agreement with Allen & Buckeridge, it will not be mandatory for companies to select IBM equipment and services; however, Allen & Buckeridge will recommend IBM's technology as the preferred solutions, the IBM spokesperson said.www.ibm.com.auwww.a-b.com.auWatson to doctor SCO's pacific region channelSCO Pacific has appointed Stephen Watson as Pacific Region channels manager.
Watson will be responsible for consolidating distributor and reseller relationships and maintaining existing partnerships, as well as instigating new alliances.
SCO staff had absorbed the position of channel manager since it was vacated in March last year.
Watson's previous role was as IBM's midrange channel manager and he spent seven years with Wang as a support engineer. Previously he instigated SCO's quarterly business briefing on its Tarantella software and UNIX server operating systems to resellers in cities around Australia and New Zealand.