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Nortel, IBM sign strategic development agreement

Nortel Inc. and IBM Corp. today announced the signing of an agreement designed to support customized products acros...


May 20, 2005  


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Nortel Inc. and IBM Corp. today announced the signing of an agreement designed to support customized products across a range of market segments.

As a first step, the companies have established a Nortel-IBM Joint Development Centre in Research Triangle Park, N.C. to collaborate on the design and development of new products and services.

“This agreement with IBM is a critical component of our strategy to partner for growth,” said Bill Owens, vice chairman and CEO of Nortel.

“Working with IBM, as one of their key partners, is a bold step forward in our efforts to transform our business by reaching an entirely new level of R&D collaboration while reducing our R&D costs, introducing products at a faster pace and serving a broad range of customers more rapidly.”

Personnel at the centre will collaborate on focused research on a project-by-project basis. Chief among them is a blade server initiative that will bring together IBM’s server technology and Nortel’s carrier-grade communications expertise.

Other projects will include Voice over IP, multimedia services and applications and wireless broadband offerings.