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Joint Venture
to Market Meridio
(6.7.2001)
Minor shareholding
for Teamware
Shareholders
of Kainos, an Irish software company, and Teamware Group, a Fujitsu
subsidiary, have established a joint venture, Meridio Ltd, to internationally
sell, market and support Meridio document and content management
software. The joint venture has been formed to realize the global
potential of Meridio and to meet the needs of the global marketplace.
Developed by
Kainos and previously distributed by Teamware, Meridio is a document
and content management software that enables organizations to manage
documents of all types and formats (including e-mail, faxes, letters
and electric files) within one framework.
"The new
company will provide Meridio with the best possible environment
for growth. It also makes it possible to increase the awareness
of the Meridio brand", said Rauno Toivonen, President
and CEO of Teamware Group and a member of the Meridio board of Directors.
"The arrangement will give Teamware a sharper focus on community
solutions and maximize the value of the Meridio business for Teamware
in a longer term. "
While focusing
on its core products, Teamware Pl@za® and Teamware Office™,
Teamware will market Meridio in Pl@za solutions as their preferred
content management application.
"Teamware's aim is to make communities prosper by providing
solutions for collaboration and interaction. In addition to community
and commerce the well-structured content is one of the key elements
of successful portal solutions", Toivonen emphasized.
Teamware's Meridio
sales team of eight people has transferred to the new company, which
will employ total of 200 people.
Frank Graham,
Meridio CEO, outlining the new company's objectives, said: "Meridio
is already a successful product and is generating sales to major
international customers. With the formation of the new company,
we have put together a world beating team that will ensure the product
achieves its full worldwide potential, and delivers real value to
its customers, employees and shareholders."
"We see
a substantial growth opportunity in a marketplace which has not
been seriously affected by the recent difficulties in the technology
industry and is projected to grow by 31 per cent annually to reach
$4 billion by 2004," he added.
Other shareholders
of the new company are: ACT Venture Capital Ltd, QUBIS, ICL Limited
and IDB (Industrial Development Board for Northern Ireland).
About Meridio
Meridio develops and supplies content and document management software
to help organizations provide more effective services to their end-customers.
Meridio's enterprise-scale content management engine is particularly
suitable for underpinning mission critical e-business and e-commerce
systems. Originally the product division of Kainos, a software developer
and e-business consultancy based in Belfast, UK, Meridio was spun
of as a separate company in July 2001. Meridio specializes in financial
services, telecommunications, utilities and the public. The Meridio
product has already won a number of prestigious software awards
and is used by major organisations across Europe and Japan, including
Scottish and Southern Energy, First Active Bank and Osaka Securities.
For further information, please visit www.meridio.com.
About Teamware
Teamware Group develops, markets and supplies software products
and services designed to facilitate human networking and create
prosperity through web communities. Teamware is a wholly owned subsidiary
of Fujitsu Limited, a leading provider of Internet-focused
information technology solutions for the global marketplace. It
operates through Teamware Interactives and sales offices in Europe
and USA as well as the Fujitsu network worldwide.
For more information on Teamware, please visit our home pages at
www.teamware.com.
Press contacts:
Gary Burnett, Marketing Manager
Meridio
Tel: +44 (0)289072 5600
E-mail: G.Burnett@meridio.com
Hanne Järvelä,
PR & Communications
Teamware Group Oy
Tel: +358 9 5128 2721
E-mail: hanne.jarvela@teamware.com
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