ZIM Corporation announces investment and licensing agreement with Seregon Solutions Inc.
ZIM is participating in Seregon's first round of financing which also includes participation from investment group Purple Angel and Ontario Centers of Excellence - Center for Commercialization of Research. Specific terms of the investment were not disclosed however, ZIM will be the single largest outside shareholder in Seregon.
Under the terms of the licensing agreement Seregon will provide its Mobile Application Platform(TM) (MAP) to ZIM. ZIM will promote the product as ZIM Mobile! and offer it in conjunction with its enterprise database products to its global customer base providing them with a complete solution to their critical business application needs.
"We are very excited with this investment and product announcement as the Seregon product line is a natural fit with our enterprise database and mobile product strategy," said Dr.
"We are pleased to add ZIM to our growing cadre of business partners that are using Seregon MAP to develop and deploy mobile business applications," commented
In support of this announcement the company has launched a new web site dedicated to its enterprise database and mobile products and customers www.zim.biz
ZIM is a provider of software products and services for the database and mobile markets. ZIM products and services are used by enterprises in the design, development and management of business, database and mobile applications. Certain of ZIM's mobile products are also provided to the consumer market. For more information on ZIM and its customers, partners and products, visit: www.zim.biz.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements related to the success of ZIM's aggregation services and ZIM's ability to enter the mobile content market. All forward-looking statements made in this press release relating to expectations about future events or results are made as of, and are based upon information available to ZIM as of, the date hereof. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those described or implied by any forward-looking statements. Factors that might cause such a difference include, but are not limited to, ZIM's limited operating history, ZIM's history of operating losses and expected future operating losses, ZIM's ability to obtain additional financing when needed, ZIM's ability to continue as a going concern, ZIM's reliance on wireless carriers to market and use its applications and services, possible fee increases by third party service providers, the potential loss of services of Dr.
About Seregon Solutions Inc.
Seregon's Mobile Application Platform (MAP) is a rapid application development environment for mobile business applications that dramatically reduces the time, cost and risk of application creation, deployment, maintenance and administration. Seregon-powered applications run on BlackBerry(R) and a variety of other Smartphone's and synchronize with all backend systems and databases. Seregon MAP has been adopted by leading Independent Software Vendors for the development of mobile business applications for Public Safety, Enterprise Resource Planning, Transportation, Computer Aided Facilities Management and other market sectors.
For more information on Seregon and its MAP product visit: www.seregon.com
About Ontario Centers of Excellence (OCE) Inc.
Ontario Centres of Excellence (OCE) Inc. which is supported by the federal government through a Networks of Centers of Excellence program drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure
For more information on The Ontario Centres of Excellence visit: www.oce-ontario.org
About Purple Angel
Purple Angel was formed in 2001 by a group of former Bell Northern Research (BNR) alumni, the color purple being the BNR colour. Since 2001 the group has helped launch 25 companies, mostly in the National Capital Region of
BlackBerry is a registered trademark of Research In Motion. Windows Mobile is a trademark of Microsoft Corporation. Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions. Symbian OS is a trademark of the Symbian Foundation.
SOURCE ZIM CORPORATION
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