By Rob Corder
Novell has spun off its content management products and services into a new venture called Volera. Nortel Networks and Accenture are both backing the new company.
Novell has spun off its content management products and services into a new venture called Volera.Volera will integrate caching and content management services, creating what it calls a new breed of Internet intelligence that speeds and manages the delivery of content.Nortel Networks and Accenture have signed definitive agreements with Volera to take equity positions in the new company, with closing expected within the next ninety days. "This is a defining deal for our industry and Novell," said Eric Schmidt, chairman and chief executive officer of Novell. "The market has been looking for new platforms to deploy next generation Internet services and applications. With Nortel Networks and Accenture, we have the right partners to bring our highly competitive new platform to market. At Novell, we see Volera capturing early leadership in the rapidly developing Internet content networking market, one of the most promising on the Net." Volera will deliver a content networking platform that provides the scale and intelligence to maximize the Internet's business potential. The newly formed company will work to create a next generation Internet where content, media and applications are delivered in the most efficient, secure and cost-effective way possible from source to destination. Additional details on Volera can be found at www.volera.com. "We are entering the content networking segment with great products, established distribution and partnerships, strong funding, and a complete team," said Simon Khalaf, president of Volera. "Our products and services set the industry standard in terms of speed, scalability and flexibility, while also offering end-to-end management capabilities that today's Internet customers demand," he added. The agreements between Novell, Nortel Networks and Accenture call for the firms to provide to Volera over US$80 million in cash, as well as consulting services. Novell will also contribute technology and resources currently within the company's Net Content Services Group. Nortel Networks, in addition to its minority equity investment in Volera, which includes warrants to purchase additional equity, will also enter into joint development and distribution agreements with Volera. George Cooney, Nortel Networks senior vice president of corporate development and ventures said, "Intelligent content caching, distribution and management are key elements of a content delivery network. Our relationship with Volera will drive a new category of content caching and content management solutions that will set new performance and functionality standards, and position service providers to deliver upon the promise of a Personal Internet. The investment is part of Nortel Networks strategy of continually investing in leadership technology." Accenture has been working with Novell and the Volera staff for over 6 months in planning Volera's initial Internet content services offering. Accenture will purchase an equity position in Volera. Volera will also continue to rely on services from Accenture. Accenture is performing services that support Volera's sales, customer services, support and business development. "Accenture is committed to helping Volera achieve its business goals. Working together, we will be able to help clients leverage this new network architecture to deliver content faster to the end consumer," said Grieg Coppe, partner at Accenture. "We believe that solutions such as those provided by Volera will redefine the way networks are configured and will provide our clients with what they are really looking for in a network: speed."