Aum Capital Corp. and XStream Software Inc. Announce Strategic Collaboration
Strategic partnership offers capital and expertise to potential high-tech start-ups.
OTTAWA, Canada, March 21, 2005- Aum Capital Corp. and XStream Software Inc. today jointly announced the establishment of a strategic partnership. Under the agreement, both organizations will collaborate to support technology companies and start-ups with capital infusion and very cost-effective offshore product development expertise.
"We believe that our solution, especially in today's environment, offers an excellent opportunity for start-ups to capitalize on the offshore product development capabilities of proven leaders like XStream Software to deliver their vision in a very cost-effective and timely manner", says J. Kuruvila , President and CEO of Aum Capital.
"This is an excellent value proposition. We are proven leaders with an excellent track record of award-winning product development capability. Our offshore design and development team now comprises 200 professionals, and we have completed many projects (hardware and software) for our customers. This collaboration provides start-ups with an unparalleled opportunity for capital infusion and a very cost effective product development service", comments Sunil K. Sethi, President and CEO of XStream Software.
About Aum Capital
Aum Capital is a private equity firm that partners with the shareholders and management of promising start-up companies. Aum Capital invests in start-ups that are open to cost optimizing strategies and are willing to work with its collaborators. Aum Capital has established collaborations with proven leaders with excellent offshore development capabilities and companies with proven sales and marketing expertise. Aum Capital strongly believes that such partnerships are necessary for technology companies in today's environment to deliver their solutions in a cost-effective and timely manner. For more information about Aum Capital, please send e-mail to info@aumcapital.com, or visit www.aumcapital.com.
About XStream
XStream Software offers a wide range of customer specific solutions using appropriate technology in a very cost effective manner. The company has expertise in expertise in all aspects of software, hardware, embedded and real-time system design and project management. XStream constantly delivers the highest quality of work, on time and within the budget. XStream's clients are offered an extremely competitive business value proposition. XStream is also a 6x brandon-hall.com award winner that designs and develops next-generation, 100% programming-free e-learning, authoring, streaming media, administration/tracking, and communication & collaboration technologies. The company's products are in use by thousands of internationally known clients representing businesses across all market sectors.
To learn more, please visit www.xstreamsoftware.com, or call 613-731-9443, or send an e-mail to info@xstreamsoftware.com
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