Holocentric gets $1.2 million grant

By Staff Writers

Oct 30 2007 2:55PM

Software provider, Holocentric, has announced the development of a Web 2.0 enterprise application solution following the procurement of a $1.2 million ComercialReady grant from AusIndustry.

Modelpedia, an enterprise modelling solution, is the project that inspired a dollar-for-dollar deal between Holocentric and AusIndustry totalling $2.4 million. It combines modelling tools, an enterprise-wide modelling repository and a wiki-type Web 2.0 collaboration.

“Organisations already model themselves from top to bottom with a wide range of standalone tools,” said John Forrest, chief executive officer at Holocentric.

“Each provides a piece of the organisational puzzle, but without a common enterprise repository or collaborative environment none of the pieces fit together, there is no way to integrate or share these models.”

Modelling software is developed for IT systems designers to enable efficient and effective interrelation between various departments within an organisation.

Holocentric solutions are the foundation on which many businesses and government agencies build their IT infrastructure. Modelpedia aims to make building, storing, sharing, publishing and maintaining enterprise models easier.

According to Forrest, through Modelpedia, Holocentric will provide an enterprise backplane with sophisticated Web 2.0 support to create the first holistic enterprise modelling platform.

“For the first time, people will be able to collaborate on and share models within and outside an organisation to create a holistic view of how the organisation works,” said Forrest.