Daleen announces sale of Placement Division to Cotelligent Group Inc.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)--Dec. 6, 1996--Daleen Technologies Inc., a communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems development company located in Boca Raton, announced that it has completed the sale of its Placement Division, d/b/a Daleen Resources Inc., to Cotelligent Group Inc., and that the Division will be merged into Cotelligent's South Florida Member Firm, JasTech Inc., effective immediately. The sale of the Division was completed on Nov. 29, 1996, for cash, and the 14 employees working in placements in the Division became employees of JasTech after the acquisition. "The sale of our Placement Division completes another step in the strategic direction of Daleen Technologies to focus entirely on the sale and licensing of communications software products and services," stated James Daleen, 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. of Daleen. "We are pleased that we could identify such a well-respected and growing company like Cotelligent to assume the operations of our Placement business. Together with Cotelligent and JasTech's clients, their operation will be able to continue to serve our clients with the highest quality software engineers in South Florida." Cotelligent Group is an independent software professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. company headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden that provides computer consulting and contract programming services through offices and Member Firms in 17 cities nationwide. The company provides clients with technical personnel capable of implementing systems using a wide range of software development and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , including mainframe and midrange software development, PC and client/server applications development support, telecommunications, and help-desk support. Cotelligent Group's customers include such telecommunications companies as AT&T, AT&T Wireless, Bellcore, and Pacific Bell. Daleen is a Boca BOCA Building Officials and Code Administrators International, Inc. BOCA Bird Observers Club of Australia BOCA Business Object Component Architecture BOCA Borland Object Component Architecture (Borland) Raton-based company that specializes in developing software products for the communications industry. Its products include BillPlex(tm), billing software for communications companies, and Presence(tm), high transaction electronic commerce software for Internet and Intranet applications. After the sale of the Placement division, the company has 55 employees. Historically, the company grew from consulting engagements building high-end technology for Fortune 100 companies, including Ericsson Telecom, Siemens, 3M, AT&T Wireless, and NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. . CONTACT: Daleen Technologies Inc., Boca Raton James R. Daleen, President and CEO 561/997-1612 |
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