Progress Software Announces Application Service Provider --ASP-- Strategic Agreement With USinternetworking.DENVER--(BUSINESS WIRE)--Nov. 2, 1999-- Progress Software Taps USi's AppHost to Provide Fast Global Network, Platform Support and Sales/Marketing Support to Migrate Independent Software Vendors to ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). Model Progress Software (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PRGS PRGS Phosphoribosylglycinamide Synthetase ), a leading supplier of application development, deployment and management products and services, today announced a strategic agreement with USinternetworking (USi USI University of Southern Indiana USi USinternetworking, Inc. (Annapolis, MD) USI Universal Salt Iodization (WHO/UNICEF) USI Urban Systemic Initiative USI User System Interface , NASDAQ: USIX USIX USinternetworking, Inc. (stock symbol) ), the leading Application Service Provider (ASP). Agreements with service providers such as USinternetworking strengthen Progress Software's ASPEN(TM)Program, which enables Progress Software's 2000+ independent software vendors (ISVs) to readily take advantage of the rapidly growing ASP distribution model. This week, Progress Software is a sponsor and key vendor at ZD Studios' sold-out sold-out adj. Having all tickets or accommodations completely sold, especially ahead of time. Adj. 1. sold-out - having taken a bribe or bribes; "a sold-out politician" ASP Summit, the largest trade gathering for the ASP industry. The companies plan to cooperatively market to the Progress Software ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. base through a variety of programs. "From our first meeting with Progress Software, we've we've Contraction of we have. we've have been excited by the opportunity to bring their world-class base of ISVs into the ASP market," said Daniel Neal Daniel Neal (December 14, 1678–April 4, 1743) was an English historian. Born in London, he was educated at the Merchant Taylors' School, and at the universities of Utrecht and Leiden. , vice president of the USi AppHost Business Unit. "The ISVs' deep vertical market experience and the ASP-class infrastructure we provide will be a winning combination in this market. Progress Software technology will make hosting these applications easier and more cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. . Our AppHost program will offer the ISVs the ability to develop long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationships with customers while building market share. In addition, the ISVs' customers will have faster access to the latest releases while receiving premium support and services." A channel pioneer, Progress Software has long been recognized for its ability to give ISVs the technology and services to meet the rigorous requirements of middle market, resource-constrained environments and to deliver industry-specific solutions more quickly, more tightly integrated, and at a low total cost of ownership. With its strategy, the company is now at the forefront of the ASP market, providing an established infrastructure for bringing 2,000+ ISVs and their more than 5,000 Progress(R)-based applications to this new distribution channel. "USinternetworking will potentially gain access to 2,000 Progress Software ISVs with over 5,000 applications installed around the world, an important competitive advantage in the rapidly-growing ASP market," said Mike Mitsock, vice president of Progress Software's ASP Business Unit. "USi will provide Progress Software ISVs with instant access to its unique combination of `bulletproof' hosting services, sales and marketing support, geographic distribution and broad platform coverage. In the nascent nascent /nas·cent/ (nas´ent) (na´sent) 1. being born; just coming into existence. 2. just liberated from a chemical combination, and hence more reactive because uncombined. ASP arena, time to market is critical, and we feel that our partnership with USi's AppHost team will play a key role in getting our ISVs up and running as quickly as possible." Progress Software's Application Service Provider ENablement Program Progress Software's ASPEN Program offers technology, services and industry alliances to help ISVs quickly and easily transform Progress-based applications into ASP-enabled applications. These new applications, available for rent and accessed over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the rather than purchased, allow small and mid-tier organizations to more quickly and economically gain access to application functionality previously unavailable to them. ASP-enabled applications reduce traditional IT infrastructure costs because they are developed and maintained by service providers rather than an internal IT staff. New vendors are emerging to bridge the gap between small and mid-tier organizations and high-performance applications. Already growing fast, the ASP market is expected to curve exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. . Industry analysts estimate the "application rental market" will generate between $2 and $6 billion in revenue by 2003. The first ASPs who enter this market will have an important grip on its future growth. Through AppHost, ISVs host their applications with USi, so their potential customers have the option to use their software on a subscription basis without having to build the technological and operational infrastructure they would otherwise need to host it themselves. In addition to ASP-grade infrastructure, USi's AppHost Business Unit offers customized client care, pre-sales support and tailored collateral on the ASP model to ISVs. About USinternetworking Inc. USinternetworking, Inc. (NASDAQ:USIX) is the leading Application Service Provider delivering enterprise software as a service. The company's iMAP(SM) portfolio of service offerings delivers the rich functionality of leading software from BroadVision, Lawson, Microsoft, Niku, PeopleSoft, Sagent and Siebel as a continuously supported, flat rate monthly service enabling enterprises to rapidly and cost effectively deploy modular eBusiness functionality with secure global Internet connectivity. About Progress Software Progress Software Corporation (NASDAQ: PRGS) is a global supplier of software products and services for developing, deploying and managing business solutions across all computing computing - computer and network environments. Our products, which are installed in over 60% of Fortune 100 companies, include application servers, databases, development tools and application management products for Internet/Web, extranet and intranet applications. Our customers operate in 100 countries, are supported by more than 1,200 employees worldwide, and deploy annually over $1.5 billion in Progress-based applications built by more than 2,000 independent software vendors (ISVs). For more information, visit www.progress.com or +1-781-280-4000. Progress is a registered trademark of Progress Software Corporation. ASPEN is a trademark of Progress Software Corporation. All other trademarks contained herein are the property of their respective owners. |
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