Palomino System Innovations Inc., a York University spin-off company, announced Feb. 8 its acquisition of 360 Mediaworx Inc, a leading Toronto-based Web design and development firm.
"I am very happy – we have been working in partnership for over a year and a move to join forces makes sense at this time," said Markus Latzel, CEO of Palomino Inc.
The acquisition enables Palomino to offer end-to-end Web solutions and related services such as design, multilingual content and Web application development and builds on its core technology platform, the WebPal/CMS Content Management System.
Palomino plans to release a variation of its CMS product; WebPal/DV which will provide a simple solution for Web developers and marketing agencies looking to integrate content management into their Web projects.
"WebPal is the answer to integrating multiple Web applications, including CMS, using a single platform. We love it for that reason," said Lucas Bombardier, managing director of 360 Mediaworx. "We're all really excited about the potential of this new partnership with Palomino."
"Palomino is an excellent example of how the commercialization of York’s research has helped serve as a driver of economic growth and innovation in the GTA," said Stan Shapson, vice-president research & innovation at York University.
Palomino Inc. was created as a spin-off company from computer science research in York University’s renowned Centre for Vision Research. The company specializes in content management and Web application solutions based on XML technology and has been serving Canadian and international clients since 2001. Its flagship product, WebPal/CMS, is geared towards institutions as well as medium-sized enterprises, and is available as a zero-footprint service or licensed installation.
Started in 2001, 360 Mediaworx Inc. is a Toronto-based Web design and development studio focused on providing quality solutions for businesses looking to enhance their online presence. Combining clean and professional design principles, alongside highly optimized development, 360 Mediaworx specializes in building and maintaining online brands.