CorasWorks and Marlabs Announce Partnership to Provide Vertical Business Solutions on the Microsoft SharePoint Platform
Relationship to Focus on Industry-specific Project and Idea Management Solutions on SharePoint
Reston, Va. and Piscataway, N.J. – December 14, 2010 - CorasWorks Corporation, a leading provider of business solutions and applications on Microsoft SharePoint, and Marlabs, Inc., a provider of innovative software and BPO services that improve operational efficiency and help customers gain competitive advantage, today announced a partnership to bring to market focused industry offerings on the Microsoft SharePoint platform.
The driving force behind the relationship is the potential to combine the CorasWorks Project Portfolio Management (PPM) and Idea & Innovation Management solutions with the industry knowledge and SharePoint expertise of Marlabs to create unique business solutions targeted to industry verticals such as energy/utilities, financial services, and education.
"Our PPM and Idea & Innovation Management solutions are gaining tremendous traction in the overall market," said Gary Voight, President and CEO of CorasWorks. "The PPM application has been used as a foundation for IT, Marketing, Sales and Engineering solutions. Partnering with Marlabs enables us to leverage their industry and technology know-how in order to extend these applications to meet the needs of specific industry sectors."
"Clearly improvements to project management and innovation management hold considerable productivity and performance advantages," said Siby Vadakekkara, CEO, Marlabs. "The CorasWorks PPM and Idea & Innovative Management products harness the power of the SharePoint platform to provide significant value to these core business processes. With our experience in delivering IT solutions across industries, we will be able to work with CorasWorks in aligning the rich functional capabilities of these offerings with unique, industry-specific challenges in order to deliver transformative results to our clients."
Over the next few months, the two organizations will be working together to target and build multiple industry-specific solutions, the first of which is expected to be made available in Q1 2011.
