Welcome!

Weblogic Authors: Yeshim Deniz, Elizabeth White, Michael Meiner, Michael Bushong, Avi Rosenthal

Related Topics: Weblogic

Weblogic: Article

Covalent Technologies Continues Open Source Momentum With Strong 2005 Finish; Sets Sights on Record 2006

Increased Revenues for Leading Supplier of Complete Enterprise Open Source Solutions From Year-Prior Period; Major Customer Wins

WALNUT CREEK, CA -- (MARKET WIRE) -- 01/12/06 -- Covalent Technologies(TM), the most trusted source for complete enterprise open source solutions, today announced it finished 2005 on a strong note, citing a record number of new and repeat customers, strategic reseller and channel relationships, as well as increased revenues and bookings for the second half of the year.

New customer adoption is up dramatically from the same period last year bolstered by increased demand for the company's enterprise-class open source solutions. Covalent signed more than 200 new and repeat customers, including Motorola, Washington Post, Abbott Labs, Boise Cascade, Eli Lilly, GMAC, and ESPN.

In addition, Covalent announced a strategic partnership with BEA Systems, Inc. for Apache Tomcat support; a strategic equity investment in WS02 to bring support for the Apache Axis Web Services Framework to the enterprise for the first time; an expanded partnership with Hyperic in the US and expanded international relationships through partnerships with SenseTraining, UPCO, and SoftPro Systems; and sponsorship of the Open Source Software Institute (OSSI). Covalent also maintained its astonishing support renewal percentage of 96%.

"I am very pleased with our second-half 2005 results as we execute on our strategic plan," says Mark Brewer, chief executive officer of Covalent Technologies. "Revenues and bookings continue to grow and we continue to receive strong interest from enterprise-class customers who are increasingly turning to open source technologies to improve operational efficiencies while reducing costs. I am looking forward to a very strong 2006."

A summary of second half highlights follows:

Global Enterprise Adoption for Open Source Solutions Continues to Grow

Corporations, government agencies, and universities on a global basis are embracing open-source technologies in order to build the flexibility and speed necessary to meet the changing needs of internal and external customers as well as reduce the complexities and costs associated with managing mixed-source enterprise Web infrastructures. For the second six months of 2005, Covalent signed more than 200 new and repeat customers, including: Bayer Business Services, Motorola, Transport for London, Washington Post, Abbott Labs, 3Com, American Institute of Physics, BNSF, Boise Cascade, Canadian Satellite Radio, City of San Francisco, Computer Sciences Corporation, Eli Lilly, Ericsson, GMAC, Northrop Grumman, Standard & Poor's, The Wrigley Company, US Geological Survey, Barclay's Bank, NBC, State of Massachusetts, Ameritrade, GE Commercial Finance, Random House, and ESPN, among others.

Strategic Partnership with BEA Systems

Covalent entered into a strategic partnership with BEA Systems, Inc., a world leader in enterprise infrastructure software. As part of a blended approach to mixing and matching open source and commercial software, BEA Systems plans to offer blended BEA WebLogic® management and deployment technologies. The technologies will be designed to provide automated management and production-level support for customers using Apache Tomcat. Instead of utilizing multiple management interfaces, or multiple vendors to resolve development and deployment issues, BEA customers will be able to have access to one of the world's first and only environments designed for blended Apache Tomcat and BEA WebLogic servers. As part of the support offering, Covalent will provide BEA with back-line support services for the Apache Tomcat Application Server, one of the most popular open source components in the world today.

Support for Apache Axis Web Services Framework and Partnership with WS02

Covalent announced a strategic equity investment in WS02, a new global startup venture formed by pioneers in Web services and open source to commercialize products and services utilizing Apache Axis, the open source framework for creating, integrating, and deploying Web service applications. The investment in WS02 enables Covalent to offer full commercial development and production level support and professional services for Apache Axis to enterprise customers for the first time. Support for Apache Axis complement's the company's industry leading support offerings for the Apache HTTP Web Server, and the Apache Tomcat Application Server.

Expanded Partnerships in US and Abroad

Covalent continued to expand relationships with existing strategic partners as well as forge new ones with additional partners particularly in Europe. Covalent expanded its partnership with Hyperic, a leading provider of application management frameworks for IT operations build on open source technology. Covalent now offers to its enterprise customers as an add-on support plan offering Hyperic HQ 2.1, the only downloadable management solution designed specifically for mission-critical open source applications. Covalent also continued to expand its international presence by signing strategic partnerships with UPCO, SoftPro Systems, and SenseTraining.

Covalent Sponsors Open Source Software Initiative (OSSI)

Recognizing the importance and burgeoning government marketplace as strong and growing consumers of open source technology, Covalent joined the Open Source Software Institute (OSSI), the non-profit organization whose mission is to promote the continued adoption and implementation of open source solutions within the US federal, state, and municipal government IT environments. The OSSI also announced that Covalent Chief Technology Officer Jim Jagielski was appointed as a member of the OSSI Advisory Board. Jagielski is a long-time participant within the Apache Software Foundation and currently serves on the ASF Board of Directors.

About Covalent Technologies

Founded in 1998, Covalent Technologies is the most trusted source for complete enterprise open source solutions. The leading provider of products and services for the Apache Tomcat Application Server, Apache Axis Web Services Framework, and Apache HTTP, the world's leading Web server, Covalent is one of the few sources for full commercial support for Apache, Tomcat, and Axis on a global basis. Covalent has been the trusted source that Fortune 1000 enterprises turn to when migrating to open source and when deploying new open source initiatives. Covalent currently supports more than 50% of Fortune 500 and 70% of Fortune 100 companies. Customers include, among others: SBC, Pfizer, Morgan Stanley, National Semiconductor, Texas Instruments, Johnson & Johnson, British Telecom, Fidelity Investments, NASA, Hewlett-Packard, Siemens, General Electric, and Bear Stearns. Covalent has assembled the deepest talent pool of Apache experts in the industry and is proud to be one of the most distinguished supporters of the Apache Software Foundation (ASF), the dominant community for usable open source, and the open source community in general. For more information, visit www.covalent.com.

Covalent Technologies and Covalent product names are trademarks of OS Group, LLC dba Covalent Technologies. All other company and product names are trademarks or registered trademarks of their respective owners.

FOR MORE INFORMATION:
Charlie Purdom
(925) 974-8800 x17
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Comments (1) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
SYS-CON Italy News Desk 01/18/06 03:37:45 PM EST

Covalent Technologies(TM), the mosttrusted source for complete enterprise open source solutions, todayannounced it finished 2005 on a strong note, citing a record number of newand repeat customers, strategic reseller and channel relationships, as wellas increased revenues and bookings for the second half of the year.

@ThingsExpo Stories
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
Amazon is pursuing new markets and disrupting industries at an incredible pace. Almost every industry seems to be in its crosshairs. Companies and industries that once thought they were safe are now worried about being “Amazoned.”. The new watch word should be “Be afraid. Be very afraid.” In his session 21st Cloud Expo, Chris Kocher, a co-founder of Grey Heron, will address questions such as: What new areas is Amazon disrupting? How are they doing this? Where are they likely to go? What are th...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...