Here is the news on IBM and RRRR
IBM and Rare Medium Sign Global Strategic Alliance
NEW YORK--(BUSINESS WIRE)--March 28, 2000--
Rare Medium Joins IBM's Web Integrator Initiative and
Defines Plan for Working with IBM on a Wide Range
of Business and Technology Issues
Rare Medium Group, Inc. (Nasdaq:RRRR) announced today that it has signed a strategic alliance with IBM (NYSE:IBM).
The agreement provides a framework for Rare Medium and IBM to work together on a number of future engagements ranging from Web development and integration to venture capital strategy and the development of local e-business incubators.
"We are delighted to be working with Rare Medium," said Ian Bonner, Vice President IBM Global Business Partner Marketing. "Both of our companies are dedicated to providing leading edge Internet and e-business solutions to our customers worldwide, and by working together through IBM's Web Integrator Initiative we can build upon our synergistic expertise, marketing efforts and dedication to superior training and staff support."
As an IBM Web Integrator, Rare Medium plans to expand its network of IBM Centers of Excellence (COEs) to a total of ten offices. Rare Medium's Atlanta office has already been designated as a COE and the New York and Detroit offices are already Regional Solutions Partners with IBM. In the COEs, Rare Medium employees will focus on implementing Internet solutions across a wide range of IBM technologies, including WebSphere Commerce Server 4.1, DB2, MQ Series, AS/400, RS/6000, Netfinity and more. IBM and Rare Medium will also collaborate on go-to-market solutions designed to enhance potential client identification, solutions consulting and overall customer relationship management.
"This agreement brings together two fast growing players in the global Internet and eBusiness arena," said Suresh Mathews, president and COO of Rare Medium. "Both firms have mutual interests in developing some new products and looking at investments that make the best use of our combined expertise and technological strengths."
About IBM's Web Integrator Initiative
IBM's Web Integrator Initiative is dedicated to helping Internet professional services firms rapidly develop mission critical, scaleable e-business solutions for their clients through access to IBM products and services, technical training, certification and support as well as IBM's world-renowned technology research labs. For more information on IBM's Web Integrator Initiative, visit: www.ibm.com/software/webintegrators.
About Rare Medium Group Inc.
Rare Medium Group Inc. is an Internet company that invests in next generation Internet companies and provides Internet professional services. Rare Medium invests in, develops and manages private companies and makes strategic investments in independently managed companies that it believes possess superior Internet-focused business models. Rare Medium provides end-to-end Internet professional services, including strategic and creative consulting, applications development, and the development of branding strategies, marketing communications and interactive content and hosting. Rare Medium leverages its Internet professional services in an effort to increase the overall success of the 25 companies in its investment portfolio.
Rare Medium Group Inc. has over 800 employees in more than 20 locations worldwide. For more information, visit raremediumgroup.com.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Rare Medium Group Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Rare Medium Group Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the SEC.
CONTACT:
Rare Medium Group, Dallas
Elena Rohweder, 214/761-6702
Mobile: 214/679-7136
elenar@raremedium.com
or
Investor Relations:
Joseph M. Zappulla, 301/948-3430
joez@wallstreetir.com
KEYWORD: NEW YORK MICHIGAN GEORGIA TEXAS
BW0191 MAR 28,2000
5:46 PACIFIC
8:46 EASTERN |
