IBM and Ledstiernan enter into alliance

IBM and Ledstiernan enter into alliance IBM and Ledstiernan have signed a Technical Alliance Agreement that makes IBM a preferred solution provider for Ledstiernan's portfolio companies. Under the terms of the agreement Ledstiernan's portfolio companies will gain access to IBM's technology and experience in the development and implementation of technically advanced mobile solutions. They will be given opportunities for exposure to IBM's customers and gain access to IBM's global contact network and its marketing channels. "IBM is a prominent industrial player with long experience of IT and mobile technology. As a partner with valuable experience and a network of contacts, IBM can generate added value for us and our portfolio companies in our relations with our existing and prospective customers and partners," says Johan Wachtmeister, President of Ledstiernan. The agreement has already resulted in several of Ledstiernan's portfolio companies entering into business arrangements with IBM. A case in point in Ambio, for which IMB, together with AU-system and other suppliers, is developing the Focuz system, which is Ambio's mobile solution for property companies. "The alliance with Ledstiernan fits in with our global strategy which involves is in selecting a small number of venture capital companies in the Nordic region as a means of gaining access to new, creative technologies and solutions that can strengthen and extend IBM's product offering. Together with Ledstiernan's portfolio companies we can development comprehensive solutions for existing and new customers and market segments," says Torbjörn Chami, Nordic Region manager at IBM Net Generation. For further information please contact: Johan Wachtmeister, President of Ledstiernan Telephone: +46 8 545 035 10, +46 708 78 41 20. email: Johan.wachtmeister@ledstiernan.com Torbjörn Chami, Nordic Region manager at IMB Net Generation Telephone: +46 8 793 22 52, +46 70 793 22 52. email: chami@se.ibm.com or Barbro Lådö, press manager Telephone: +46 8 793 10 47, +46 70 793 10 47. Email: barbro_lado@se.ibm.com Ledstiernan AB is building Europe's leading seed and venture capital company with a focus on mobile communication. www.ledstiernan.se. IBM Net Generation is a business unit within IBM whose goal is to introduce IBM's IT expertise and solutions to newly started and established companies with new business models in such market segments as service providers, wireless e-business, life sciences, media, e- market places and Internet. For more information: www.ibm.com/netgeneration. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/04/20011004BIT00020/bit0001.doc http://www.waymaker.net/bitonline/2001/10/04/20011004BIT00020/bit0001.pdf