Cenetec Announces Novitel, Intermediario; Latin American-Focused Companies to Enter Acceleration Program.Business Editors/Technology Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Jan. 15, 2001 Cenetec, the technology accelerator company, today announced two new companies focused on the Latin American market have entered its acceleration program. The two companies are: -- Novitel Communications Corporation, a provider of Latin American fixed wireless broadband Internet access and infrastructure; -- Intermediario.com, a provider of secure online transaction management services including secure escrow and tracking capabilities through business-to-business e-marketplaces. Scott H. Adams, Cenetec president, said, "Both of these companies have strong potential in strategic Latin American market segments. Novitel has the opportunity to become one of Latin America's premier providers of technology infrastructure services. Intermediario taps into that market's e-commerce growth." Novitel, founded in Miami in 1999, is positioning to become a leader in fixed wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 services in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , 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. Maurice Lopes, chief executive officer. The company focuses on two fast-growing market needs: wireless Internet access See how to access the Internet. for small and mid-sized businesses, and carrier-neutral co-location services for telecommunications and Internet Infrastructure Services (IIS (Internet Information Services) Microsoft's Web server. IIS runs under the server versions of Windows, adding HTTP server capability to the Windows operating system. ) customers. Its initial facility is planned for Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi as a model for expansion throughout Latin America over the next two years. "Novitel's market opportunities are fueled by telecom deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. and the demand for data access that is key to global business expansion. Cenetec shares our entrepreneurial spirit, and has the resources to help us grow strategically and quickly," Lopes said. Intermediario.com is geared to becoming a leading provider of online transaction management services throughout Latin America, including online escrow and tracking capabilities. The company acts as a secure third party agent for businesses and individuals, facilitating and increasing confidence in e-commerce, primarily through e-marketplaces. Intermediario 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. Leon Perez said, "Speed is essential for our business growth, and our proprietary transaction management software offers a significant technology-based lead. Cenetec's comprehensive support and synergistic environment will mean a distinct competitive advantage." Flexible and highly scalable, the company's open architecture technology and proprietary integration modules are designed to seamlessly integrate with existing systems of U.S. and Latin American e-marketplaces, major shipping firms and banks. Intermediario is focusing on Internet-based escrow and online tracking for in-country transactions. Offering Spanish, Portuguese and English content, the firm is developing a fully automated system to provide comprehensive online transaction management throughout the American hemisphere. About Cenetec Cenetec is the technology accelerator company led by accomplished Internet entrepreneurs. It infuses startups and fast-growing companies with the strategic guidance, technology and business expertise and resources, facilities and capital access to rapidly accelerate high growth potential products and services to market. Cenetec is developing a series of technology accelerators. Its first accelerator, located along the InternetCoast in Boca Raton, serves the South Florida region. Cenetec also maintains a Miami business office, targeting emerging technology companies in the Latin American market. In first quarter, 2001, it will open an accelerator in Gainesville, in association with the University of Florida University of Florida is the third-largest university in the United States, with 50,912 students (as of Fall 2006) and has the eighth-largest budget (nearly $1.9 billion per year). UF is home to 16 colleges and more than 150 research centers and institutes. , to serve the north and central regions of the state. Cenetec is headquartered at 4950 Communication Drive, Suite 900, Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. 33431, 561-981-0200. More information is available at http://www.cenetec.com. |
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