Coral CEA Helping Ontario Software Companies Tap into Multi-Billion Dollar Market
Coral CEA, a not-for-profit Open Innovation network composed of member companies and organizations focused on the commercialization of Communications Enabled Applications (CEAs), announced that the unified communications CEA market is expected to touch $14.5 billion by 2015 and it is helping software companies based on Ontario to tap into this market.
Coral CEA claimed that it works with various associations, collectives, and organizations to provide targeted value in solution verticals and target markets. Members that fall into this category deliver high impact outcomes to the customers they service via the specialized provider networks they have leveraged and in some cases created.
It tries to commercialize solutions via Open Innovation, a model that blends best practices from both Open Source and commercial development to allow developers to share risk and return on the creation of new software.
Officials with Coral CEA remarked that it is important to develop a diversity of companies within their ecosystem and their Open Innovation approach allows for a sharing of both risk and return. With a proactive province-wide mandate Coral CEA has opened offices this year in Toronto in addition to Ottawa and is active with clients in Waterloo and response has been positive from everyone they talk to and they are right on track to help companies tap into the new waves of CEA technology coming at them.
Coral CEA added that for solution providers, it reduces the time and cost of attracting, managing and growing a supplier network to deliver high-impact outcomes through the application of CEA Tools and Process Optimizations and offers an open development environment that members can leverage to research, develop, and test new and innovative CEAs. This environment reduces the cost and time to market associated with CEA product development.
In other news, Coral CEA reported it has created seven new Ontario companies and 34 new jobs in the field of Communications Enabled Applications (CEA) as well as a new online showcase of 22 new products, services and software development projects.
Nathesh is a contributing editor for unified communications. To read more of Nathesh's articles, please visit his columnist page.
Edited by Jennifer Russell