Avesta Technologies Acquires Internet Network Monitoring Firm.NEW YORK--(BUSINESS WIRE)--March 31, 1998 Purchase of Caravelle Caravelle may be a reference to:
To Avesta's IT Service and Impact Management Solutions -- Avesta Technologies, Inc., a developer of software used for managing information technology service delivery in complex, distributed organizations, announced today the acquisition of Caravelle, Inc. of Ottawa, Ontario, a premier provider of Internet network management and monitoring software. Terms were not disclosed. Caravelle, founded in 1990, is a leading supplier of Web-based network management products to Fortune 500 corporations that require real-time monitoring of their Internet Protocol-based (IP) intranets and extranets. Caravelle's newest product, IPnetWATCHER is the first web-based, real-time network management solution written in Java to monitor IP networks from either local or remote sites. The product provide complete network management from the convenience of a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. , including configuration, testing, control and status reporting of IP networks. "Avesta Technologies is providing a new breed of IT service management systems to manage end-to-end service delivery for networked environments including the Internet and extranets. Monitoring web resources is paramount to a comprehensive management solution and the acquisition of Caravelle is instrumental to achieving that vision. This is a win-win partnership; Caravelle customers can feel assured that their investment in IPnetWatcher is protected and they can now enjoy the benefits of a comprehensive end-to-end IT service management solution. Avesta's customers benefit by having access to IPnetWatcher's departmental and Web service management functionality. This acquisition extends Avesta's product line and allows us to offer the most compelling service management solution on the market today," Kam Saifi, president and chief executive officer of Avesta Technologies, stated. Privately owned Avesta Technologies supplies a new class of IT service management software that helps assure the availability of distributed information technology resources in complex, rapidly changing distributed enterprises. Avesta bridges IT and business management with its new IT Service Management software for organizations with mission-critical networks, including corporations, telecommunications companies, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs) and network equipment manufacturers. The Canadian operation, now known as Avesta Technologies, Canada, located near Ottawa, will be maintained as a sales, development and product support facility, Mr. Saifi noted. "Along with Caravelle's technology, this acquisition provide Avesta Technologies with a key presence in the Canadian marketplace, it also fits in nicely with our international expansion plans," Mr. Saifi stated. "As the demands of modern global businesses accelerate, a new generation of information technology solutions are needed so organizations can bridge the demands of business and IT service delivery across the extranet, the Internet and corporate networks. Avesta's products deliver to customers leading-edge IT service and impact analyses that protect their networks, systems, applications and data bases. The acquisition of Caravelle further extends that technical and product differentiation Product Differentiation A source of competitive advantage that depends on producing some item that is regarded to have unique and valuable characteristics. ," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Terry Matthews, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ottawa based Newbridge Networks and co-founder of venture capital firm, Celtic House International Corp., an investor in Avesta Technologies. "The Caravelle -- Avesta team will enable delivery of a complete web-based management and testing solution to owners of IP networks - a solution that is far ahead of the competition in its functionality, ease-of-use and service management capabilities," said Lynda Partner, president of Avesta Technologies, Canada, formerly president of Caravelle, Inc. IPnetWATCHER complements Avesta's IT service management software by finding and testing IP and SNMP (Simple Network Management Protocol) A widely used network monitoring and control protocol. Data are passed from SNMP agents, which are hardware and/or software processes reporting activity in each network device (hub, router, bridge, etc. network elements -- including HTTP HTTP in full HyperText Transfer Protocol Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol. , FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to , DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the , NNTP (Network News Transfer Protocol) The protocol used to connect to Usenet groups on the Internet. Usenet newsreaders support the NNTP protocol. See also NTP. (messaging) NNTP - Network News Transfer Protocol. , gopher, POP3 and SMTP (Simple Mail Transfer Protocol) The standard e-mail protocol on the Internet and part of the TCP/IP protocol suite, as defined by IETF RFC 2821. SMTP defines the message format and the message transfer agent (MTA), which stores and forwards the mail. services, hardware, routers, printers, switches and proxy services commonly employed in Internet networks. From a single desktop site, IPnetWATCHER also monitors Web applications, links and data bases, and identifies potential failures and alerts network operators through a variety of on-screen on·screen or on-screen adj. & adv. 1. As shown on a movie, television, or display screen. 2. Within public view; in public. , email or desktop alerts. While IPnetWATCHER monitors IP networks, Avesta's products provide a unique IT service management solution-- that manages the availability and quality of service of networks and related systems, applications and data base resources within the business context. These mission-critical resources typically require continuous availability in highly complex Internet, intranet and extranet environments, and are essential to round-the-clock operations required by telecommunications carriers, ISPs, large global corporations and service businesses. Avesta's solutions precisely identify IT problems, determine their root cause, and then depict their cascading impact on the organization's resources and the impact on the business. About Avesta Technologies, Inc. Avesta Technologies, Inc. is an IT Services Management firm that specializes in innovative solutions to help organizations manage IT service, availability, impact and risk - within the IT and business context. Avesta helps organizations with complex IT environments such as financial institutions, Telecommunications Carriers, ISPs, and IT Service Providers minimize the business risk associated with IT problems. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and privately held, the company was founded in late 1996 by executives from the financial services industry. Avesta's current product offerings fall into the areas of IT Service Management and Personalized IT Information Delivery. Avesta can be reached at (212) 285-1500, or by E -mail at solutions@avesta.com URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.avesta.com. CONTACT: Avesta Technologies, Inc., Heidi Wooden, 212-285-1500, hwooden@avesta.com or The Strayton Group, Inc., Rob Strayton, 508-655-6965, rob@strayton.com |
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