Dresdner Kleinwort Wasserstein (DrKW) has spun off inhouse corporate data services development venture Aspelle from its information technology incubation programme.
The company provides solutions enabling secure, anytime, anywhere access to corporate resources for customers, partners and employees, in a .NET environment. It was originally created as a joint effort between the investment bank and Microsoft.
Klaus-Michael Geiger, chief information and technology officer of Dresdner Bank, says Aspelle evolved out of a need by the bank to provide users across the organisation with access to corporate resources. "Aspelle was originally created when we could not find any existing technology in the marketplace that could meet all of our needs, particularly in the area of security," he explains.
Geiger continues: "Recognising the full potential of such a solution, we chose to incubate the concept and develop the opportunity commercially as an independent spin-off. We are confident that the company has the right combination of technology, management expertise and financing to succeed on its own."
Aspelle plans to launch its flagship product in the second quarter of 2002.