Microsoft Corp. has taken a US$10 million equity stake in the application service provider Corio Inc. and will team up with the company to build a development center in Silicon Valley, Corio announced today.
Under the deal, Corio will host Microsoft applications and will begin hosting enterprise applications from current partners Commerce One Inc. and Siebel Systems Inc. on the Microsoft Windows Distributed interNet Application (Windows DNA) architecture, Corio officials said in a statement.
Windows DNA is Microsoft's platform for building distributed applications to link different devices over the Internet. It includes the Windows 2000 Server and SQL Server.
The deal also calls for Microsoft and Corio to collaborate at the development center on the hosting and deployment architecture using Windows DNA. The statement did not say where in Silicon Valley the center would be built or when construction would begin.
Microsoft products are available to Corio customers immediately. The companies will work together to market and sell the Windows 2000-based services directly over the Web and through the channel, Corio officials said.
Corio, in Redwood City, California, can be contacted at +1-650-298-0345, and on the Web at http://www.corio.com. Microsoft, in Redmond, Washington, can be reached at +1-425-882-8080, or at http://www.microsoft.com/.