Aspelle Spins Off From Dresdner Kleinwort Wasserstein Information Technology Incubator; Aspelle Positioned to Deliver Innovative Enterprise Agility Solutions.Business Editors/Technology Writers NEW YORK--(BUSINESS WIRE)--March 11, 2002 Aspelle, a provider of pioneering enterprise agility solutions, today announced its spin-out from the Information Technology incubation program at Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Wasserstein (DrKW), the investment bank of Dresdner Bank Dresdner Bank AG is one of Germany's largest banking corporations and is based in Frankfurt. History 19th century Dresdner Bank was established on 12 November 1872 through the conversion of financial institution Michael Kaskel. AG, a member of the Allianz Group (NYSE NYSE See: New York Stock Exchange :AZ). Originally created as a joint effort of the investment bank and Microsoft (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Aspelle is now a well-funded, independent entity, uniquely positioned to lead the market in enterprise agility solutions. `Enterprise agility solutions' are the next generation of products designed specifically to enable companies to provide secure, individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. access to vital corporate information -- anytime and anywhere. Today's businesses have clearly recognized the value of making corporate applications, services and resources more readily accessible to customers, partners and employees. Yet, despite the variety of access solutions currently available, most companies still face multiple issues in terms of delivery Terms of Delivery The part of a sales contract that indicates the point at which title and risk of loss of merchandise pass from the seller to the buyer. See: Incoterms. , security, reliability and scalability. "Like many companies, DrKW must constantly find ways to become more efficient, more responsive and more effective in order to stay competitive. This ongoing effort evolved into a compelling need to provide users throughout our organization -- and beyond -- access to corporate resources," said Klaus-Michael Geiger, Chief Information and Technology Officer of Dresdner Bank AG. "Aspelle was originally created when we could not find any existing technology in the marketplace that could meet all of our needs, particularly in the area of security." He continues, "Recognizing the full potential of such a solution, we chose to incubate incubate /in·cu·bate/ (in´ku-bat) 1. to subject to or to undergo incubation. 2. material that has undergone incubation. in·cu·bate v. 1. the concept and develop the opportunity commercially as an independent spin-off. We are confident that the company has the right combination of technology, management expertise and financing to succeed on its own." Dave Tarrant, Chief Technology Officer of Aspelle adds, "Companies frequently utilize a combination of Windows, Unix, legacy and Web-based services and applications throughout their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . Finding a way to cost effectively make these resources available to users across the globe, without compromising security, is an extremely daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin task. By creating a flexible software platform that maximizes the full capabilities of the Internet, Aspelle has created a compelling solution for this pressing problem." Enabling secure, anytime, anywhere access to corporate resources, the Aspelle Microsoft.NET-based solution is able to deliver any application, service or information regardless of its underlying technology or the physical location of the user. Using advanced privacy and security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security , as well as industry-accepted platforms, standards and protocols, the solution offers a wide range of benefits to companies including increased user productivity, improved response time to customer needs and an overall reduction in technology-related overhead costs overhead costs see fixed costs. . Aspelle plans to announce its flagship product in the second quarter of 2002. About Aspelle A pioneering enterprise agility provider, Aspelle helps businesses succeed in the increasingly competitive global economy by rapidly enabling the delivery of their resources to users -- everywhere. Aspelle increases a business's agility and ensures it long term, while maximizing the value of existing technology investments and lowering operating costs. Founded in 2001, Aspelle has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Seattle and the United Kingdom. For more information, please visit www.aspelle.com. About DrKW Dresdner Kleinwort Wasserstein (DrKW) is the marketing name for the investment bank within the Corporates and Markets Division of Dresdner Bank AG, a member of the Allianz Group since July 2001. Headquartered in London, Frankfurt and New York, DrKW provides a wide range of investment bank products and services to European and international clients through its Global Investment Banking, Global Equities and Global Debt business lines. DrKW's IT department is well known as an innovative IT department in the banking world. DrKW's "ops/tracker" online settlements tracking system was named `best site for cash equity settlement' in Euromoney.com's 2000 and 2001 e-commerce awards and in the latter its "e-bookbuilding" system won `best site for new bond issues.' |
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