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SpatialNews.com Press Release
Wireless News - Business News - Feature Columns
Allaire Corporation Makes Strategic Investment in Gearworks.comGearworks.com, a leading web and wireless solutions integration firm, today announced it had received a strategic investment from Allaire Corporation, a leading provider of Internet software products and services for companies building their business on the Web. DRW Venture Partners, a division of Dain Rauscher Wessels and Carlin Investments also participated in the strategic partner phase of Gearworks.com's financing. The investment will fuel continued growth and development of mobile technology components to complement the Allaire Business Platform for Gearworks.com's transportation and logistics clients. "Investing in a company that utilizes Allaire technology to deliver innovative wireless applications for enterprise clients complements our strategy to further extend Allaire's open platform and make wireless Internet technology a reality for main stream corporations," said George Favaloro, vice president of business development for Allaire. "Gearworks.com has clearly demonstrated their expertise in developing highly scaleable mobile technology components with Allaire Spectra and ColdFusion. Gearworks.com CEO, Keith Lauver indicated that the investment will accelerate the implementation of wireless technology initiatives aimed at the transportation and logistics market. "Allaire's technology has been instrumental in the creation of eTrace, Gearworks.com's platform for messaging, GPS-tracking and supply-chain automation," said Lauver. Targeting companies seeking transportation and logistics efficiencies, eTrace leverages off-the-shelf consumer devices to display real-time information regarding load status and load location. eTrace offers bi-directional, real-time information exchange between truck drivers or couriers in the field, the dispatch center, and corporate business users. Gearworks.com began developing and delivering business-to-business mobile applications in September 1999. Since then Gearworks.com has become a member of the Wireless Data Forum and continued to partner with leading technology companies including Allaire (Nasdaq: ALLR), Palm (Nasdaq: PALM), Computer Associates, AT&T, and Microsoft. About Gearworks.com Gearworks.com is a leading web and wireless solutions integration firm specializing in solutions for the transportation and logistics industry. Leveraging industry expertise with the Wireless Application Protocol (WAP) and mobile technologies, Gearworks.com creates applications that enable communication between the enterprise, remote workers, and remote devices. Headquartered in Minneapolis, Minnesota, Gearworks.com has offices in Boston and San Francisco. For additional information on Gearworks.com visit our web site at http://www.gearworks.com. About Allaire Corporation Allaire Corporation is a leading provider of Internet software products and services for companies building their businesses on the Web. Supported by a community of 450,000 developers and global network partners, the Allaire Business Platform enables tens of thousands of companies worldwide to seize new business opportunities by creating e-commerce content management, customer services and business automation systems. Headquartered in Newton, Mass., Allaire has office in Europe and Asia Pacific and can be found on the World Wide Web at www.allaire.com. ColdFusion is a U.S. registered trademark and Allaire, JRun, Allaire Spectra and HomeSite are trademarks of Allaire Corporation. All other company names, brand names and product names are trademarks of their respective holder(s). This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, Allaire's limited operating history, fluctuations in our quarterly results, our ability to gain market acceptance of our products, competition, Allaire's ability to integrate any acquisitions, and other risks listed from time to time in our reports filed with the Securities and Exchange Commission, which factors are incorporated herein by reference. CONTACT: Gearworks.com Rob Davis rdavis@gearworks.com 507/663-1792 www.gearworks.com |
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