MangoSoft, Microsoft’s local tech effort, Funk’s Odyssey, Akamai, Genuity.
Mangosoft buys FleetBoston’s data storage service
Westborough-based Mangosoft Inc., a developer of Internet-enabling business software, has acquired all of FleetBoston Financial Corp.’s fileTRUST online data-storage service assets. Fleet and Mangosoft entered into a two-year enterprise license agreement for the internal use of fileTRUST by Fleet’s employees, and the two companies will continue to market fileTRUST as part of the transaction. Fleet will also hold a seat on Mangosoft’s advisory board.
Fleet launched the fileTRUST service to its customers in December 2000 as an online safe-deposit box for electronic documents. FileTRUST ensures that sensitive electronic documents and information are kept private, secure, and are available to authenticated users from any Internet-connected PC.
Mangosoft will provide customer support to fileTRUST customers, who now have the option to upgrade to Mangomind’s Business Internet File Services, Mangosoft’s workgroup collaboration service. -CU Staff
Microsoft helps area Boys & Girls Clubs tech effort
Microsoft Corp. and the Boys & Girls Clubs of America have expanded their Club Tech initiative to include the launch of more than 16 Club Techs throughout the greater Boston area. The new expansion also includes plans for the addition of 600 new Club Tech sites across the country in the next several months.
Club Tech is a joint program of Microsoft and the Boys & Girls Clubs of America, designed to bring technology access and education to more than 3.5 million children and teens and more than 3,000 Boys & Girls Clubs across the country. It is a five-year, $100 million program aimed at providing software and developing and delivering curriculum, program management, and computer training for club staff and members. -CU Staff
Funk Software releases Odyssey security program
Cambridge-based Funk Software has released Odyssey, the first end-to-end 802.1x security solution that permits users to access local-area networks (LANs). A beta version of the program is available as a download from Funk’s site.
Odyssey includes client and server software and supports the standard 802.1x security method EAP-TLS included in Windows XP. In addition, it introduces support for the more easily managed security method, EAP-TTLS.
Odyssey is available directly from Funk Software as well as through local system integrators, VARs, and Ingram Micro and Tech Data. -CU Staff
Akamai, Public Interactive team up
Boston-based Akamai Technologies Inc., a provider of secure, outsourced e-business infrastructure services and software, teamed up with Public Interactive Inc. to expand its offering of high-quality streamed media and on-demand digital audio and video programming over the Internet. Akamai’s technology will allow Public Interactive to enhance its offerings to a growing network of public radio and public television stations broadcast online.
Since its formation in April 2001, the alliance between the two companies has yielded more than 50 customers in the public broadcasting sector, including several of the nation’s top radio and television stations including Boston’s own WBUR and WGBH. Public Broadcasting’s affiliate stations now stream nearly 10 terabytes each month, representing a total of more than 1 million listening hours. -CU Staff
Genuity posts fourth-quarter loss
Woburn-based Genuity, a service provider to ISPs including EarthLink and America Online, said that a massive $2.6 write-down on its network assets helped forge a loss of more than $3 billion last quarter.
Genuity, known as Internet infrastructure pioneer BBN Corp. before it was purchased and renamed by GTE, said the fourth-quarter loss of $3.01 billion worked out to $13.52 a share. Revenue for the quarter totaled $316 million, up 5 percent from the third quarter of 2001 and up 1 percent from the year-earlier quarter, when including $8 million in revenue from a recently acquired company, Integra.
But the company said that $2.7 billion in special charges-including the $2.6 reduction in the market value of assets related to its network infrastructure-left it with a negative net worth of $108 million. -NewsBytes
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