Texar Corp. Corrects and Replaces Previous Partnership Announcement, BW2211, TEXAR/SHARETHIS.Business Editors NOTE: The following news release replaces and corrects the previous Texar Corp. news release, which ran earlier Tuesday on Business Wire, BW2211 (TEXAR/SHARETHIS) NEW YORK--(BUSINESS WIRE)--May 15, 2001 Texar and FreeBalance Form Strategic Partnership to Integrate Products for Government Clients Texar's Peer-to-Peer Security Product to be Integrated into FreeBalance's eGovernment Solutions Texar Corporation, a developer of security technologies designed to work across the enterprise, web and peer-to-peer (P2P See peer-to-peer and point-to-point. ) computing computing - computer environments, today announced that its s-Peer technology will be integrated with FreeBalance's eGovernment applications. The partnership will see Texar's s-Peer network security features incorporated into FreeBalance's eGovernment applications used by international government agencies to automate complex tasks associated with government programs. With Texar's s-Peer product all shared resources Sharing a peripheral device (disk, printer, etc.) among several users. For example, a file server and laser printer in a LAN are shared resources. Contrast with shared logic. are protected by a policy-based access control list. Users can explicitly designate who is permitted to view and download the resources being shared. "Government represents a huge market opportunity for us," said Michael Vlugt, Director of Business Development for Texar. "By incorporating our peer-to-peer network (1) A network of computers configured to allow certain files and folders to be shared with everyone or with selected users. Peer-to-peer networks are quite common in small offices that do not use a dedicated file server. security features, government agencies can really leverage the power of the Internet to streamline and automate paper intensive processes." FreeBalance eGrants(TM) will be the first product to take advantage of the Texar s-Peer technology. FreeBalance eGrants(TM) has a web-based front end to enable online applications, a workflow component to automate the assessment and award process and eliminate paper, an interface to the financial system to record budget commitments, allocate funds and schedule milestone payments, and a post-award analysis and monitoring tool to enable program managers to ensure that the goals of the program are being met. "This alliance represents a tremendous opportunity for both FreeBalance and Texar to take advantage of this emerging network architecture," said Jeff Schubert, FreeBalance Inc.'s Vice President of Research and Development. "By adding Texar's P2P security features to FreeBalance's product offering we are well positioned to continue as leaders in technology and eGovernment." About FreeBalance Inc. FreeBalance Inc. creates the network for enterprises and government to collaborate in the global community. Founded in 1997, FreeBalance Inc. is headquartered in Ottawa, Canada, and Washington, D.C. Under the leadership of a seasoned management team, FreeBalance has developed a solid international client base of 80 government departments. FreeBalance has built relationships with major organizations such as the U.S. Department of Transportation, the U.S. Department of Defense, the U.S. Coast Guard, the Canadian Department of National Defence, the Supreme Court of Canada The Supreme Court of Canada (French: Cour suprême du Canada) is the highest court of Canada and is the final court of appeal in the Canadian justice system.[1] , Veterans Affairs Canada The Department of Veterans Affairs (DVA), also referred to as Veterans Affairs Canada (VAC), is the department within the government of Canada with responsibility for pensions/benefits and services for war veterans, retired personnel of the Canadian Forces and , and Canada Economic Development. FreeBalance is also working to bridge the digital divide in emerging nations through its partnerships with the World Bank, USAID USAID United States Agency for International Development USAID Agencia de los Estados Unidos para el Desarrollo Internacional (Spanish) , and the International Monetary Fund (IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). ). About Texar Corporation Founded in 1998, Texar Corporation is a developer of security technologies designed for the c-commerce industry. Headquartered in Ottawa, Ontario, Texar is a global company employing more than 75 people in its Ottawa facility, as well as sales executives in North Carolina's Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. ; San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] ; and Toronto, Ontario. Texar builds software that enables organizations to selectively share information with anyone, from anywhere, at any time - securely. Texar's 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. , Texar SecureRealms, is a dynamic policy-based authorization solution that enables organizations to selectively and securely share and manipulate information based on their business rules. Texar SecureRealms is differentiated from all other authorization offerings because it provides companies the ability to efficiently write programmable policies that accurately reflect dynamic and complex business decisions and works seamlessly across the enterprise, Web, and peer-to-peer environments. Texar is a private company with headquarters in Ottawa, Ontario. For more information, please visit www.texar.com. |
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