News Article
Keshet Technologies Inc. joins forces with Aum Capital Corp. and XStream Software Inc. in Strategic Collaboration
July 11, 2005
Keshet Technologies Inc. announced today that it has entered into a strategic
alliance with Aum Capital Corp. and XStream Software Inc. Under the agreement,
Keshet will provide go-to-market and commercialization services to assist technology
start-ups that have been incubated through capital infusion and provided offshore
product development capabilities by Aum Capital Corp. and XStream Software Inc.
This alliance augments traditional incubation services by facilitating a comprehensive
go-to-market environment. From inception through to exit, the essential tools,
capital and support are available and deployed in a comprehensive package tailored
to each individual company’s needs to ensure maximum value extraction.
“This Strategic Collaboration builds on the existing relationship between
Aum Capital and XStream Software by expanding the scope of opportunities extended
to potential start-ups. The alliance reduces the risk and amount of capital
required in both the seed and go-to-market stages of the commercialization process.
Entrepreneurs will benefit from the cost savings associated with offshore development
while capitalizing on the international reach, diminution of risk, and go-to-market
expertise inherent in this partnership.” remarks Andrew Moffat, CEO of
Keshet Technologies.
“To remain competitive in today’s global economy, companies of
all sizes are investing in offshore product development with the hopes of reducing
cost while extending reach. XStream Software offers an excellent opportunity
for start-ups to capitalize on such capabilities. With the early stage capital
and development facilities in place, the natural transition from incubation
to Keshet Technology’s commercialization program presents a symbiotic
opportunity for all parties,” says J. Kuruvila, President and CEO of Aum
Capital.
“Our offshore, ISO9002, design and development team now comprises 200
professionals, and we have completed many projects for our customers. This collaboration
provides start-ups with an unparalleled opportunity for capital infusion and
a very cost effective product development service. The alliance with Keshet
Technologies fashions a holistic growth program found no where else,”
comments Sunil Kumar Sethi, President and CEO of XStream Software.
About Aum Capital
Aum Capital is a private equity firm that partners with the shareholders and
management of promising start-up companies. Aum Capital invests in start-ups
that are open to cost optimizing strategies and are willing to work with its
collaborators. Aum Capital has established collaborations with proven leaders
with excellent offshore development capabilities and companies with proven sales
and marketing expertise. Aum Capital strongly believes that such partnerships
are necessary for technology companies in today’s environment to deliver their
solutions in a cost-effective and timely manner. For more information about
Aum Capital, please send e-mail to info@aumcapital.com
or visit www.aumcapital.com.
About XStream
XStream Software offers a wide range of customer specific solutions using appropriate
technology in a very cost effective manner. The company has expertise in all
aspects of software, hardware, embedded and real-time system design, and project
management. XStream constantly delivers the highest quality of work, on time
and within the budget. XStream’s clients are offered an extremely competitive
business value proposition. XStream is also a 6x brandon-hall.com award winner
that designs and develops next-generation, 100% programming-free e-learning,
authoring, streaming media, administration/tracking, and communication &
collaboration technologies. The company’s products are in use by thousands of
internationally known clients representing businesses across all market sectors.
For more information about XSteam Software, please send e-mail to info@xstreamsoftware.com
or visit www.xstreamsoftware.com.
About Keshet Technologies Inc.
Keshet Technologies is a partnership company
pioneering a new approach to the commercialization of IM/IT products. By facilitating
sales channels, back office functions, and management expertise, Critical to market
success, Keshet is able to leverage startup software companies’ core competencies
and reduce the amount of time, risk, and capital associated with commercialization.
The unique shared rewards business model of Keshet enables the owners and employees
of its portfolio companies to reap the rewards of their effort and dedication.
By maximizing value extraction for the founders and employees, Keshet is committed
to deliver the promise of a brighter future. For more information about Keshet
Technologies, please send e-mail to moreinfo@keshetinc.com, or visit www.keshetinc.com.
|
