NOVELL PUMPS $100 MILLION INTO WHITTMAN-HART TO SPEED DEPLOYMENT OF NDS SOLUTIONS.Novell Inc. is investing $100 million into Whittman-Hart Inc., a leading provider of integrated business and technology solutions for growing and middle-market companies, to accelerate deployment of Novell Directory Services See NDS. (NDS See eDirectory. NDS - Netware Directory Services ) in enterprise and e-business solutions. Novell say the investment/alliance will help meet the needs of customers in mid-sized businesses for secure, manageable e-business solutions that span the enterprise and the Internet. The $100 million investment is the first step in a new Novell initiative to expand its partnerships with leading consulting and systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. organizations. Under terms of the agreement, Novell will purchase $100 million worth of Whittman-Hart stock, about 6 percent of its outstanding capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. . The two firms also formed an alliance to jointly develop customized NDS solutions for mid-sized businesses. The solutions will integrate NDS with leading e-business applications such as customer relationship management, supply chain management, enterprise e-business tools and Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. extended to the Internet. Whittman-Hart will also establish a Solutions Development Center to train employees on the solutions and demonstrate them to customers, and will train over 600 consultants in NDS and related Novell solutions, including qualification as Novell Certified See certification. Directory Engineers. "We invested in Whittman-Hart to drive the growth of directory-based solutions that are becoming critical to the way information is managed and accessed in a networked world," says Eric Schmidt, Novell chairman 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. . "This agreement is an important component in an ongoing series of Novell strategic investments and alliances that are speeding the deployment of directory solutions worldwide. The combination of Novell's networking expertise, along with Whittman-Hart's solutions expertise, will meet the needs of customers in mid-sized businesses for more efficient and secure management of their business networks and the Internet." |
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