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Short Take: Nortel invests $10 million in start-up

Nortel Networks has made a $10 million investment in Epicon, a software start-up that makes the technology that allows application service providers to rent software over the Web. Epicon's technology allows service providers to install, run and update software on their customers' computers. Nortel plans to integrate Epicon's technology into its networking equipment, company executives said.

Nortel Networks has made a $10 million investment in Epicon, a software start-up that makes the technology that allows application service providers to rent software over the Web. Epicon's technology allows service providers to install, run and update software on their customers' computers. Nortel plans to integrate Epicon's technology into its networking equipment, company executives said.