Avery Dennison is buying OpTier's business transaction management solution.
Business transaction management solutions developer OpTier Inc. reports that US office equipment manufacturer Avery Dennison Corporation (NYSE: AVY) will buy its CoreFirst product. Industry sources estimate the value of the deal at $1 million. Avery Dennison will use CoreFirst to manage enterprise performance and traffic.
CoreFirst manages and enterprise's business transactions with customers, and warns about problems caused by traffic overload and solves them.
Earlier this week, OpTier announced that France's Credit Mutuel Arkea had bought CoreFirst to streamline IT management in the bank's internal credit instructions and online banking and trading platforms. The company did not disclose the size of the contract.
Published by Globes [online], Israel business news - www.globes-online.com - on October 8, 2009
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