Company has been able to satisfy the debt owed to VPEP
at a discount to
This spin-out enables us to proliferate VPEP technology more quickly among a broader group of application, equipment and service provider partners.
As organizations accelerate their use of software-as-services, and IT administrators seek to reduce the cost of deploying and managing applications, they need to be able to consolidate even performance-critical applications without the complexity and performance limitations of traditional virtualization solutions," said Lora Price, Senior Director of Product Marketing at VPEP.
The VPEP Developer's Kit, as well as the first VPEP-enabled applications, will be available later this month.
VPEP provides resource optimization technology that enables the dense consolidation of multiple application instances and tenants onto a single low-cost, multi-core platform, with only one copy of the operating system and application - while delivering equal or better application performance.
payments due under the convertible loans, VPEP
has the right, at its
delivering new virtualisation security appliances, utilising VPEP technology on
In conjunction with this agreement, RTC and VPEP will collaborate on product
To date, RPC and VPEP have been co-operating, on an informal basis, to create
Paul White, CEO of VPEP, said: "We are expecting the co-operation agreement
Sean Scott, CEO of RTC, commented: "RTC and VPEP have recently completed a
these shares will be issued directly to VPEP to discharge their corresponding