Corio Signs New Customer Ericsson WebCom; Data Communications Company Will Access Business Applications From Corio.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Sept. 27, 1999-- Leading Application Service Provider (ASP), Corio Inc. announced today that they have added data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. systems manufacturer, Ericsson WebCom Inc. (Mountain View, CA) to their list of customers. Ericsson WebCom will access business applications on demand from Corio. By eliminating 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 unrelated to research and development, Ericsson WebCom can concentrate on differentiating their product and building market share, without the pressure of hiring and recruiting manufacturing technicians and IT staff. Corio's integrated application suite provides customers with scaleable software that would be too costly and time-consuming to install internally. By focusing on business operations unrelated to a company's core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
Essential to Ericsson WebCom's decision was the ability to obtain integrated product flow starting with the end user, configuring the product and extending through the Corio/PeopleSoft system into Flextronics and back. "Corio's ability to provide us with more than simply an enterprise solution was a key factor in our decision to access applications with them," said David Wittenkamp, chief financial officer at Ericsson WebCom. "Their integrated functions allow us to operate at a capacity we could not support internally." Ericsson WebCom's launch of their 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. , the WebSwitch, a turnkey IPBX See IP PBX. and Gateway that can be networked across the LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. , the WAN or the Internet, catapulted them into the expanding world of e-business. Recognizing the need to concentrate on developing their products rather than their IT infrastructure, Ericsson WebCom turned to Corio for an enterprise application that would support their rapid growth. Additionally, Ericsson WebCom needed a contract manufacturing solution that could also pace with them. The integration between Flextronics' manufacturing application and Corio's business applications on demand enables Original Equipment Manufacturers (OEMs) such as Ericsson WebCom to seamlessly transfer new customer orders to the manufacturing floor. By providing outsourced manufacturing and applications, Corio and Flextronics are allowing customers to become "virtual corporations," a growing trend in business during the last five years. Virtual corporations outsource activities to IT and Manufacturing experts while focusing on their own core competencies such as research and development, and marketing. "Ericsson WebCom fits the typical Corio customer profile: a rapidly growing Internet company with high standards, but limited resources to spend on non-mission critical operations," said George Kadifa, chief executive officer at Corio. "With our extensive customer offerings, we've equipped ourselves to handle the emerging growth of companies exactly like Ericsson WebCom." About Corio Corio is the leading Application Service Provider for high-growth companies. Corio provides a total solution including application recommendation, quick implementation, secure hosting and network infrastructure, 24x7 application support and ongoing application management. Solutions are targeted for emerging and mid-market companies needing to implement key applications that support their complex, dynamic operation requirements. Corio is a pioneer in the ASP market and holds partnerships with other leading software, networking and hardware vendors such as Siebel, Concentric Coming from the center, or circles within circles. For example, tracks on a hard disk are concentric. Tracks on optical media are concentric or spiral shaped (in a coil) depending on the type. and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. . Corio is the preferred ASP for PeopleSoft. Headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , Corio is backed by Kleiner Perkins Caufield and Byers and its KPCB KPCB Kings Park Concert Band Java Fund, PeopleSoft, Integral Capital Partners, Greylock and Norwest Venture Capital. More information on Corio is available at www.corio.com. About EricssonWebCom Ericsson WebCom Inc., formerly TouchWave, Inc., is focused on converged voice/data communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. for the enterprise. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers around the world. More information on Ericsson WebCom is available at www.ericsson-webcom.com. Corio is a trademark of Corio, Inc. Ericsson is a trademark of LM Ericsson AB. Flextronics is a trademark of Flextronics, International. |
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