IBM TO PROVIDE WEB HOSTING, BACK-OFFICE, & SYSTEMS INTEGRATION SERVICES.The New Power Co., a new energy service company launched recently by Enron Enron A U.S. energy-trading and utilities company that housed one of the biggest accounting frauds in history. Enron's executives employed accounting practices that falsely inflated the company's revenues, which, at the height of the scandal, made the firm become the seventh Corp. and other strategic investors, has signed a 10-year service agreement worth up to $1.5 billion. The New Power Co., a nationwide provider of energy to the residential and small commercial customer in deregulated US markets, has selected IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. to build, staff, and run core components of its back office functions. To help The New Power Co. rapidly create a state-of-the-art technology infrastructure, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) is providing the company with systems integration services and numerous IBM hardware and software products, including desktop PCs, RS/6000 Web servers and Lotus Notes Messaging and groupware software from IBM Lotus that was introduced in 1989 for OS/2 and later expanded to Windows, Mac, Unix, NetWare, AS/400 and S/390. Notes provides e-mail, document sharing, workflow, group discussions and calendaring and scheduling. . The company will also be using the IBM VeriTRAN Clearinghouse clearinghouse Institution established by firms engaged in similar activities to enable them to offset transactions with one another in order to limit payment settlements to net balances. service nationwide. VeriTRAN is an Internet-based service created to meet the needs of energy companies doing business in a deregulated environment. Using a transaction engine developed by ExoLink Corp., VeriTRAN helps improve efficiency and customer service by providing a secure, cost-effective environment in which organizations like The New Power Co. can communicate with other energy providers, meter services providers, billers, and local distribution companies. |
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