AT&T makes investment in Clovis Solutions
AT&T is making an unspecified investment in Clovis Solutions, a move AT&T says underscores its support for open networking standards.
The deal gives AT&T a stock position in Clovis, a Silicon Valley firm that produces a hardware platform and open-source application environment. AT&T said the deal was the latest in a corporate strategy of making equity investments in promising technologies that support AT&T networking objectives.
"AT&T strongly believes that a modular, open- systems approach is needed for the elements of our next-generation network," said Clovis' Hossein Eslambolchi. "We believe Clovis Solutions provides solid, scalable, carrier-class software for next-generation open-hardware and software platforms, which will increase the operational efficiencies of our network."
No other specifics of the investment or near-term goals of the partnership have been revealed.
Copyright 2005 by United Press International