Comerica Bank Commits $5 Million Line of Credit to ETI; ETI Plans to Expand Sales and Marketing Efforts with New Comerica Bank Partner.AUSTIN, Texas -- ETI (Embed The Internet) An earlier consortium that was devoted to putting Web servers into microcontrollers used in embedded systems. Using a Web server enables access to the device via any Web browser. See Web server and microcontroller. (Evolutionary Technologies International The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. , Inc.), a global provider of data integration solutions, signed a new $5 million line of credit with Comerica Bank (NYSE NYSE See: New York Stock Exchange :CMA CMA - Concert Multithread Architecture from DEC. ). This agreement establishes Comerica as the company's primary banking partner. The line of credit agreement will provide flexibility as ETI expands both domestic and international sales and marketing, as well as potentially aid in acquiring complementary technologies and companies in the data integration sector. "Comerica Bank's Technology & Life Sciences Division has extensive experience in providing innovative financing to growing companies like ETI," said Tim Klitch, Austin Market President and Managing Director/Texas, Technology & Life Sciences Division. "We are extremely pleased to be able to work with ETI, and we look forward to expanding our relationship as it grows." "This commitment from Comerica adds to our financial strength and provides flexibility to the funding of our growth strategy," says Ron Baker, president 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. , ETI. "The marketplace is recognizing the strengths of ETI's technology and customer experience and we welcome Comerica to the ETI team." ETI products provide high performance data integration capabilities for data synchronization and migration and for composite data services for SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. initiatives. As a complement to ETL (Extract, Transform, Load) The functions performed when pulling data out of one database and placing it into another of a different type. ETL is used to migrate data, often from relational databases into decision support systems. , EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. , SOA and data warehousing technologies, ETI's data integration platform extends the value of IT investments by providing high performance connectivity and transformations as organizations combine legacy and proprietary data sources with current technologies. About Comerica Bank's Technology & Life Sciences Division Comerica Bank's Technology & Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. The Technology & Life Sciences Division serves all major U.S. technology centers, including Austin, from offices coast-to-coast. Comerica Bank is a subsidiary of Comerica Incorporated (NYSE:CMA), a financial services company headquartered in Detroit and among the 20 largest U.S. banking companies, with $56.4 billion in assets at March 31, 2006. About ETI ETI is a global provider of enterprise data integration solutions for government IT organizations and Global 1000 companies, providing software and services that automate the seamless exchange of data between incompatible systems. Organizations around the world rely on ETI to implement applications ranging from SOA, ETL, EAI, EII, CRM, ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , compliance reporting, and data warehousing. Founded in 1991, ETI is based in Austin, Texas with additional offices in the United States, Canada, Europe and Australia. For more information visit www.eti.com. Evolutionary Technologies International, the ETI logo, ETI, ETI Solution, MetaStore, Dialogue Coach and AnswerLink are trademarks or registered trademarks of Evolutionary Technologies International, Inc. Software and/or information encodings included in ETI Solution are subject to the following U.S. Patent(s): 6,523,172. All other company and product names may be trademarks or registered trademarks of their respective owners. (C) 2006 Evolutionary Technologies International, Inc. |
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