Licensing deal agreed with Quorum
Factonomy, a leading enabler of web-based business solutions, announced today that Quorum Network Resources has agreed to license the Factonomy Framework. As a result of the deal, Quorum Network Resources, a provider of advanced infrastructure, security, e-commerce and e-business solutions, will be able to prototype applications more quickly.
“We can reduce the time it takes us to prototype applications by around 30 per cent thanks to the unique approach Factonomy take to application development,” said Charles Scott, Technical Director with Quorum Network Resources. “Working with Factonomy gives us better control over the quality of our development and means our customers will get to see the look and feel of their applications much more quickly.”
Scott says the Factonomy Framework will speed development across the firm’s wide-ranging client base, from the high-tech manufacturing and support markets to the banking sector. Quorum’s clients vary in scale from a small finance house of 40 employees to a multi-national banking institution with in excess of 100,000 employees.
“Our technology offers real productivity benefits, reducing the time and cost it takes to develop applications,” said CEO of Factonomy, Geoff Kell. “Unlike any other development platform, the Factonomy Framework allows developers to work independently on functionality, content and style, so they can deliver solutions which are agile, flexible and cost effective.”
Kell said an extensive range of solutions had already been developed on the Factonomy Framework and revealed further licensing announcements would follow: “We are currently talking to a number of potential licensees who are looking to tap into a wide range of new markets,” said Kell. “They are keen to do business with us because our framework, which is based on declarative XML, is flexible, facilitates rapid development and runs in a familiar web-based environment, which ensures enthusiastic user adoption, dramatically increasing productivity,” he said.
