Kapiti Company Makes Profitable Hong Kong Connection
November 19, 2010 Leave a comment
They’re both global leaders in their respective markets, but an Angel HQ deal has resulted in Kapiti-based InterGrid and Hong Kong’s Cyberport combining forces to provide unique business and marketing opportunities for InterGrid’s ‘Cloud Computing’ solutions for the creative digital community in North Asia.
Scott Houston, InterGrid’s CEO, says the company has developed the world’s first Cloud Computing rendering solution, otherwise known as the Green Button.
“The Green Button has allowed us to develop a ‘pay as you use’ business model and we are now working with other hardware and software providers to develop Cloud Computing solutions for the creative digital and film media sector,” he says.
Located in Hong Kong, Cyberport is home to an energetic community of ICT and creative digital content tenants and incubating enterprises who enjoy synergies from co-locating with each other.
The marketing co-operation agreement will see the two companies pool resources to enable Cyberport partner companies to become more profitable using Cloud Computing technologies and develop new Cloud Computing business models for Hong Kong and China-based software companies.
Marcel van den Assum, Chairman of InterGrid and Angel HQ member, says he is convinced of the global potential of the Green Button.
“That’s why we invested, and we’re delighted that this partnership – which also means the development of new revenue models for both InterGrid and Cyberport – has been confirmed.”
That’s a sentiment echoed by Suse Reynolds, General Manager Investment, Grow Wellington.
“This Angel HQ deal with InterGrid shows the confidence our Wellington investors have in the quality of businesses operating in the region. It also reflects the international trend that during times of economic downturn, angel investment flourishes,” says Suse.