Fairfield, IA Ð Boss Logic is the latest NeXT developer to refocus its strategy, raising $3 million in venture capital, spinning off a new company, and forming a development partnership with Frame Technology.
In the process, the company is laying off some employees and transferring others to its new company, Integrity Solutions, that will focus on systems integration and custom development.
The company's new venture funding is coming from Menlo Partners, located in Menlo Park, California, and Frame Technology, of San Jose. Boss Logic President Peter Rip said the additional investment would be used to launch a line of packaged software products in the document-management/workflow market.
The agreement with Frame fits neatly into this strategy, since Frame already calls on the largest accounts in this market. Under the agreement, Frame will distribute Boss Logic software and together the two companies will develop workgroup-publishing programs based on joint technology. The two companies will release their first joint product in the second quarter.
Boss Logic has built its reputation building custom applications for customers such as Minneapolis-based Northern States Power and the Los Angeles County Sheriff's Department. As these contracts expire, Boss Logic is spinning off its custom development work to Integrity. Headed by Dan McCreary, currently director of systems integration at Boss Logic, and headquartered in Minneapolis, Integrity will begin operations in June. The company will be funded fully by its principals and operate independently of Boss Logic.