Optive to unveil deal with United Devices
Tech Digest (Austin American Statesman)
Compiled from wire reports
Monday, August 4, 2003
Optive Research Inc., an Austin life-sciences software company recently spun out of the University of Texas, today will announce a deal to reap the benefits of grid computing, a technique that harnesses the power of thousands of individual computers.
Optive, whose software helps scientists decide which molecular compounds they should synthesize and test in finding new drugs, will announce a partnership with another local company, United Devices Inc.
The deal will allow pharmaceutical companies to accelerate the drug discovery process through United Devices' grid computing platform.
Bryan Koontz, Optive's vice president of marketing, said the pharmaceutical industry is starting to see benefit from using grid computing in drug research. He said the two companies are already working together at several large pharmaceutical companies and will announce some of these deals in the coming months.