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Business Directory
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OEone Corporation
web site: http://www.oeone.com
Phone: (819) 770-3444 # 507
OEone is positioned as the leader in Operating Environment software for the emerging Internet Appliance market. The company is leveraging the Open-Source software movement to deliver the operating environment and applications for Internet Appliances.
OEone's platform harnesses the strengths of the Linux OS, Netscape Communicator, Apache and other key Open Source technologies. OEone's patent pending platform has superior ability to run multiple legacy applications while embracing new standards and providing greater functionality by not using proprietary platforms.
OEone's revenue is generated by producing its own line of Internet Computer's and marketing them through ISP's, NSP's and other content providers as well as providing the software platform on a royalty basis to other Internet Appliance manufacturers.
Market Opportunity
While the PC remains an important access device, we believe Information Appliances are being introduced to the market to address the complexities of use and high cost of PCs. IDC estimates that the worldwide market for Information Appliances will grow from approximately $2 billion in 1998 to approximately $15 billion in 2002, representing a compound annual growth rate of 62% and an installed base of over 150 million units.
The promise of success for the Internet Appliance is access to your information anytime, anywhere from any device. Current success stories limit you to information from their device, from their limited content providers that must fit their proprietary platform. OEone has developed an open software architecture that will scale to an assortment of appliance devices and utilize a number of legacy applications without re-engineering.
Value Proposition
The OEone powered Internet Appliance will be able to provide users the following:
- Rich Internet Content: Multi-media, Audio, Video, PDF, Flash, And Java
- Internet Application Services: Virtual storage, Web-calendar/E-mail, Personal finance, on-line photo album, etc
- IP Based Communications: Internet phone/video phone, fax, paging, instant messaging, white boarding
- On-line Entertainment: Gaming, Digital TV, DVD, and MP3
OEone will leverage what Corel has done with the File Manager, Browser, Control Center and GUI (graphical user interface), OEone will bring ease-of-use at the screen and display level to the Information Appliance while riding on Linux's stability and performance.
Competitive analysis
The era of the Internet Appliance or the third generation of the computing era is definitely rapidly coming of age. Today, most Internet Appliance's are still designed as pure web surfing devices that do not act as an effective PC alternative.
Regardless, sales of Internet Appliance's are growing at a compound rate of 72% and the market is handsomely rewarding early entrants that are staking ground in this field. One of the more visible successes in this field is Netpliance with its i-Opener device. Even if its device cannot talk to other devices, after being out of the gate for a little more than one year, markets rewarded Netpliance with a whopping $.56B market value on their IPO.
Only those who will enable Internet Appliance's to access your information anytime, anywhere and from any device and provide PC power and functionality will win. While OEone is the only one that truly provides an open environment for Internet Appliances, competition will come from:
- Traditional Internet ready computers: Apple's iMac; Microworkz iToaster; NetPliance's i-opener, Sun's Sun Ray appliances, Intel's Dot.Station and Oracle's New Internet Computers;
- E-Mail only devices: Alcatel's Web Touch Internet screen phone; Sharp Electronics TelMail and Simpliance's eMailBox;
- Palm sized PC's: 3Com's Palm Pilot;
- Handheld devices: from Compaq, Casio and HP;
- Set-top boxes: such as those placed on top of a TV that connect to the Internet and;
Digital phones and two-way pagers.
AOL and Gateway have also announced their intention to introduce a line of IA's based on the Linux OS. Gateway will manufacture the devices and AOL will provide the content.
Management team
OEone is led by:
Eid Eid, President and CEO - former Vice President of Technology for Corel Corporation. During his tenure, Corel's stock price rose more than 300%
Eddie Vlasblom. C.A VP-Finance - former VP-Finance of NetPCS Networks. Eddie raised $23M for NetPCS as well as its presence amongst Tier 1 US investors;
Seste Dell'Aera, Director Business Development and Sales - former Director Sales & Marketing Philsar Electronics. Seste transitioned Philsar from a design services company to a fabless semiconductor manufacturer.
Peter Bojanic, Director of Research & Development - former VP of Professional Services at Pictorius Inc., where he delivered world class Linux based E-commerce and intranet business solutions. Prior to that Peter managed advanced R&D projects for Nortel Networks.
Financing
OEone has raised US$2M as its seed round and closed another small financing on a pre-money valuation of $20M. OEone is now seeking a B round of US $20M to bring to market is family of Internet Computers. For more information, call Eddie Vlasblom at extension 507.
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