Global IT Firm Invests In Australian Technology
Global IT Firm Invests In Australian Technology
July 10th, 2006: US-Based Business Engine, a global project and portfolio management solutions provider, will invest in Australian company Xylogy.p>
Xyology technology is designed to enable IT and engineering organisations to model business processes that are used in project-based work. Project Management Organisations (PMOs) will be able to combine such as PMBOK, Prince2 and Six Sigma that have in the past been disconnected from project and portfolio management software solutions.
Both Beacon It Group and Xylogy Research are winners of the ‘Secrets of Australian IT Innovation’ competition, a State and Federal Government initiative. Beacon IT Group’s Executive Director, Michael Kadoury, says, “Government support has been crucial to the successful incubation and sale of Xylogy’s technology which will create a number of new jobs in Australia and bring significant offshore R&D investment”.