Novell has teamed with Nortel and Accenture, formerly Andersen Consulting, to form a web content venture to market its internet caching and content management services.
Called Volera, the venture will initially be a Novell unit but there are plans to float it late next year. It will receive an initial $80m worth of funding by the three companies. Nortel and Accenture have also agreed to take an equity stake in the unit and provide consulting services to its customers.
Novell chairman and chief executive Eric Schmidt, said: "The market has been looking for new platforms to deploy next generation internet services and applications. At Novell, we see Volera capturing early leadership in the rapidly developing internet content networking market."
Volera will takeover the development and marketing of Excelerator, the new name for Novell's internet caching and content exchange technologies, which were previously part of the networking company's internet content services unit. The unit's existing products, including Digitalme, Instantme and PG Soft, will be transferred to Novell's internet management division.
The new venture will also manage Novell's relationships with 11 caching original equipment manufacturers worldwide, including Compaq, Dell, DICA Technologies, Fujitsu, Fujitsu-Siemens and IBM. Volera will also maintain deals with content delivery partners such as Akamai, Digital Island, Edgix, and Mirror-Image, as well as with switching suppliers, Alteon, Arrowpoint, and, Foundry Networks.
Volera will be headquartered in Silicon Valley and employ 175 employees.
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