IBM has signed a marketing deal with Vignette to market each other's products.
Specific financial details were not released but the deal is rumoured to be worth up to $1bn.
The deal could be a big boost to Vignette. A recent IBM partnership with e-commerce Ariba helped that company blow past third quarter estimates. The two companies teamed with i2 Technologies to develop software and service offerings for business-to-business The multi-year agreement includes joint marketing and services. IBM and Vignette's initial focus will be in the retail, financial and dot-com industries, and both plan to expand to other industries in the coming months.
The alliance integrates Vignette's V/5 E-business applications with IBM's WebSphere e-business platform. Together, the companies said, the products will help businesses manage customer and partner relationships online, and ease high-volume transaction exchanges.
The two organisations will jointly market Vignette V/5 E-business applications and the IBM WebSphere Application Server Platform, WebSphere Commerce Suite and IBM's DB2 Universal Database. In addition, they will optimize products for IBM's RS/6000 and Netfinity servers.
The Vignette deal is part of an IBM program dubbed PartnerWorld for Developers, in which IBM sets up special relationships with software providers to enhance its technology for their platforms.
Vignette has also been partnering up, signing a deal earlier this week with consulting firm Arthur Andersen.
Vignette closed up 6 1/16 at 35 1/8 yesterday, while IBM rose 3 3/4 to 114 1/4.
See ZDII for US tech investor news.
See techTrader for more technology investment news, plus quotes and research.