ASNA Invests in Spanish Distribution Partner CaCovai
June 26, 2006 Timothy Prickett Morgan
Midrange application development tool vendor ASNA last week said that it had made a minority equity investment in CaCovai 400, its distributor in Spain.
ASNA sells its Visual RPG and related tools for extending OS/400 and i5/OS applications to the Windows world directly and through a network of almost three dozen international distributors, of which CaCovai is one. CaCovai is located in Barcelona and is run by Carlos Valero; the company also distributes ASNA’s wares in Portugal.
ASNA did not specify the financial terms of the equity investment, but it said that CaCovai’s success in Spain in promoting ASNA’s Visual RPG, DataGate, and Monarch tools warranted the investment. “CaCovai has been very successful with their efforts to help customers throughout Spain evolve and extend their System i5 RPG applications to Microsoft .NET,” explained Derek Cooper, managing director of ASNA’s European operations. “Our investment will help ensure that Carlos and his very capable team continue to capitalize on their success and fortify the opportunity to leverage the growth of Microsoft .NET throughout Spain.”