Irvine, Calif.-based FutureLink plans to use Compaq servers and support services in its data centers to host corporate applications for its customers.
Compaq today also made a $2.2 million equity investment in the service provider, earmarked for co-marketing FutureLink's hosted applications, the companies said in a statement.
FutureLink is an application service provider (ASP) that stores software and other applications in a data center, and then rents the software to companies. Such services allow firms to call up applications over the Internet, rather than host them on their own corporate networks.
Corporate spending on ASP services is projected to reach $150.4 million worldwide this year, according to market research firm International Data Corp. (IDC)
In the agreement, FutureLink will initially use Compaq hardware in its Irvine, Calif., and Calgary, Alberta, data centers. It plans to open more data centers next year.
Today's announcement follows a deal Compaq made in November with telecommunications firm Cable & Wireless. At the time, the companies committed $500 million to a program to host applications for small to mid-sized businesses.