The Marker, January 14, 2003
HP to distribute SeaSide software in Israel
|Israeli-Californian company SeaSide Software has signed a distribution agreement with HP Israel, the local representative of Hewlett-Packard (NYSE:HPQ).
HP will be distributing SeaSide's HiPerExchange solution to its customers in Israel.
Moshe Raines, the company's chairman and co-founder, said the arrangement is expected to expand to a worldwide agreement within a month. The company's product is already being sold to companies on the west coast of the U.S., he said.
HiPerExchange improves online work in geographically disperse enterprises that use Outlook exchange email and calendar environments.
The company explains it to be "client-side software that enables (its) users to enjoy sub-second performance from anywhere, at anytime", overcoming barriers such as slow network speed, server unavailability, lack of correctly configured software and excessive synchronization times.
HP sees the product being sold to some 10,000 customers by year-end 2003, generating income of about $10 million, plus services HP will be providing to customers.