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Short Take: Oracle, others team on ASP venture

Oracle Italy, Fiat Services Group and Cap Gemini Ernst & Young have teamed to launch eSpin, a new Italy-based venture that will provide Internet business applications and consulting services to emerging companies. Oracle, which will hold a 10 percent equity stake in the new venture, is the application service provider (ASP) for eSpin, providing both the applications and the consulting and hosting services.

Oracle Italy, Fiat Services Group and Cap Gemini Ernst & Young have teamed to launch eSpin, a new Italy-based venture that will provide Internet business applications and consulting services to emerging companies. Oracle, which will hold a 10 percent equity stake in the new venture, is the application service provider (ASP) for eSpin, providing both the applications and the consulting and hosting services.