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Tech Industry

Short Take: Cambridge Technology, Power Ventures in alliance

Cambridge Technology Partners, a Net services provider, today announced a strategic relationship with Power Ventures, a new venture development firm that cultivates high-growth e-businesses for the $300-billion deregulating energy industry. Cambridge will initially serve as a technology advisor to Power Ventures as it selects and develops investments. In alignment with Cambridge's recently announced NEWCO business strategy, in which the company will fund selected start-ups, the partnership with Power Ventures will generate potential NEWCO investment and e-integration services opportunities. Cambridge and Power Ventures are currently working on their first venture, Alltility.com, an energy "dot-com" start-up that will enable regional energy providers to offer home and business customers with a wide range of new product and service offerings via the Internet.

    Cambridge Technology Partners, a Net services provider, today announced a strategic relationship with Power Ventures, a new venture development firm that cultivates high-growth e-businesses for the $300-billion deregulating energy industry. Cambridge will initially serve as a technology advisor to Power Ventures as it selects and develops investments. In alignment with Cambridge's recently announced NEWCO business strategy, in which the company will fund selected start-ups, the partnership with Power Ventures will generate potential NEWCO investment and e-integration services opportunities. Cambridge and Power Ventures are currently working on their first venture, Alltility.com, an energy "dot-com" start-up that will enable regional energy providers to offer home and business customers with a wide range of new product and service offerings via the Internet.