Acceleron Strengthens Relationship With IBM to Penetrate New Markets.Business/Technology Editors MONTREAL--(BUSINESS WIRE)--Dec. 20, 2000 Customers with Travel Expense Management (TEM TEM 1. transmission electron microscope. 2. triethylenemelamine. 3. transmissible encephalopathy of mink. ) Needs Will Leverage from Combined Offerings Acceleron announced today that it has signed a global agreement with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) to participate in IBM's Software Investment Initiative, part of IBM PartnerWorld. Acceleron, one of Lotus' Premier Business Partners, has strengthened the relationship with IBM as part of its continued success in driving and growing Lotus Notes Messaging and groupware software from IBM Lotus that was introduced in 1989 for OS/2 and later expanded to Windows, Mac, Unix, NetWare, AS/400 and S/390. Notes provides e-mail, document sharing, workflow, group discussions and calendaring and scheduling. and Lotus Domino sales. Under the terms of the agreement, Acceleron will work closely with IBM and Lotus to introduce Boomerang to IBM's global network of clients, enabling both firms to provide a platform for streamlined TEM to customers. Boomerang is a TEM solution that is designed to support companies with locations around the world, with extensive global travel support features, such as the capability to accommodate the complex tax & legal requirements of European-based companies, multiple currency support and trip leg-based reporting for trips that span borders. The solution is currently available in English, French and Spanish, with a German version due in March 2001. "We are very happy about this new opportunity. We have been working with Lotus and IBM for years now, and have always valued their support, but this new agreement represents a huge leap forward for us," said Lorne Schwartz, President, Acceleron Incorporated, "By working even closer with IBM/Lotus, we can tap into IBM/Lotus' customer base and benefit from IBM's technical expertise and insight to enhance our product with leading-edge technology. We couldn't be happier and are looking forward to embarking on this new stage of our relationship." "Acceleron shares IBM/Lotus' mindset mind·set or mind-set n. 1. A fixed mental attitude or disposition that predetermines a person's responses to and interpretations of situations. 2. An inclination or a habit. -- they focus on providing industry-proven business solutions and industry expertise to improve their client's way of doing business," said Bertram Mandel, Senior Director, Lotus Worldwide Partner Organization. "Businesses will benefit from Acceleron's Travel Expense Management solution, which leverages the exceptional collaborative features of Lotus Domino, for bottom line benefits. It is an exciting step forward for both our companies." Acceleron's Boomerang product is available in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. The global version of its product will officially be launched at Lotusphere Orlando in January 2001. About Acceleron (www.acceleron.com) Launched in August 2000, Acceleron, formerly the Software Division of Momentum Business Systems, is a leading provider of Travel Expense Management solutions. Acceleron is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of OnX incorporated (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ON), and is a member of OnX's Active Business Development Division. Based in Saint-Laurent, Canada, Acceleron is a Lotus Premier Partner, Lotus ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. partner and IBM Business Partner. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Boomerang, is a Travel Expense Management software solution designed to easily integrate with a company's existing financial, analytical and direct-payment systems. Boomerang is currently being used by over 235,000 users worldwide to efficiently enter, submit, process and manage expense reports from either their desktop or a standard browser. Acceleron's clients, from a wide variety of industries, include Procter & Gamble, Honda of America Manufacturing, Bayer Inc, Novartis Pharma Canada, Vesuvius, Veritas DGC DGC Directors Guild of Canada DGC Distributed Garbage Collector DGC Dystrophin-associated Glycoprotein Complex DGC Data General Corporation DGC Dakota Gasification Company DGC Dirección General de Caminos (Guatemala) Inc. and DST Systems. About OnX OnX Incorporated, a public traded Company (TSE:ON), is Canada's e-Systems Innovator. Founded in 1983, it is comprised of OnX.com - one of Canada's leading Internet Professional Services, IT Infrastructure, and ASP/Hosting firms - and Momentum.com, an active e-business incubator. The company is able to leverage these fully integrated services to provide clients with complete wired and wireless e-business solutions. Committed to client satisfaction, OnX serves over 1,000 of Canada's leading companies and government organizations. OnX Incorporated employs over 450 people in 8 offices across Canada. For additional information visit www.onx.com Lotus and Lotus Notes are registered trademarks and Domino and Notes are trademarks of Lotus Development Corporation (company) Lotus Development Corporation - A software company who produced Lotus 1-2-3, the Symphony spreadsheet and Lotus Notes for the IBM PC. Disliked by the League for Programming Freedom on account of their lawsuits. Quarterly sales $224M, profits $10M (Aug 1994). . All other trademarks are the properties of their respective companies. |
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