Aum Capital Corp., XStream Software, Inc. and Clipius Technologies, Inc. Announce a Long-Term
Strategic Collaboration
Strategic partnership aimed at commercializing new high-tech products.
OTTAWA, Canada, April 18, 2005- Aum Capital Corp., XStream Software, Inc. and Clipius Technologies, Inc. today jointly announced the establishment of a long-term strategic partnership. Under the agreement, all three organizations will collaborate to commercialize high-tech products. The first product to be commercialized under this agreement will be an innovative software product for the biomedical industry.
"This agreement proves the effectiveness of our business model, where we transform innovative ideas to products in a very cost-effective and time-bound manner. I firmly believe that the relationship between Clipius Technologies, XStream Software and Aum Capital will be a very productive one", says J. Kuruvila, President and CEO of Aum Capital.
"XStream is excited about teaming with Aum Capital and Clipius Technologies. It is a significant opportunity to work with experienced partners with proven expertise in the technology industry. We are confident that this strong forward-looking alliance will produce valuable opportunities, ideas, and innovations for everyone involved", says Sunil K. Sethi, President and CEO of XStream Software.
"We at Clipius Technologies envision this to be a strategic long-term partnership between three companies, each bringing their own unique strengths and experiences to the table, that will lead to the development and delivery of innovative high-tech products. Clipius brings to the table its portfolio of intellectual property, Aum brings the required capital for its development, and XStream brings a proven record of product development and a large existing customer base. We believe this to be a win-win situation for everyone involved and look forward to a long and productive alliance." says Dr. Ajay Mahajan, President of Clipius Technologies, Inc.
About Clipius
Clipius Technologies, Inc. provides high-tech quality solutions in applications such as biomedical, defense, homeland security and the aerospace industry. Product lines include hardware, software and services such that complete solutions to a problem are formulated for efficient and economical delivery to clients.
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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