consortium


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Consortium

A group of companies that cooperate and share resources in order to achieve a common objective.

Consortium

A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

consortium

A group of organizations that participate in a joint venture. Airbus Industrie, a European airplane manufacturer, is a consortium of four public and private corporations in Britain, France, Spain, and Germany.

consortium

a group of independent companies or financial institutions which agree to work together jointly on some undertaking, for example the construction of an electricity power plant or the provision of a range of financial services, each contributing some particular resource input or expertise. In recent years, many TAKEOVERS of companies have been arranged on a consortium basis, with a view to breaking up the target company and sharing out its assets between the individual participants in the consortium. See CONTRACTOR.

consortium

a temporary grouping of independent firms, organizations and governments brought together to pool their resources and skills in order to undertake a particular project such as a major construction programme or the building of an aircraft, or to combine their buying power in bulk-buying factor inputs.
References in periodicals archive ?
Just as in Wisconsin, the Massachusetts Higher Education Consortium gets input from membership on contract needs.
Moses, whose district joined in 1997, recalls that the consortium got its start a year earlier, with the unlikely meeting of two superintendents from Lake Washington and Vancouver in Washington state, and another from Poway, Calif.
Consortium programs not only contribute e-resources at discounted rates, but they also help to make them available on users' desktops.
Ian Foster and Steve Tuecke, consortium board members who led the original team that developed the Globus Toolkit at Argonne National Labs.
Founding members of the MCM-D Consortium include Texas Instruments Incorporated, The Boeing Company, Hughes Aircraft Company, nChip, Inc.
the Shea & Gould partner who first initiated the consortium.
Dell's investment in HyperTransport technology validates the growing appeal of our interconnect standard to mainstream enterprise computing environments," said David Rich, president of the HyperTransport Consortium.
THE NATIONAL R-TEC NETWORK Become familiar with the wealth of online resources and services available through your regional consortium, and at all of the other R-TECs listed below:
The University of Georgia, for example, has alliances through the University Center in Georgia, a consortium of academic institutions in the Atlanta metropolitan area.
The SOA Consortium mission, strategies and tactics center on the following premises:
NASDAQ: ACCL), a leading provider of enterprise cheminformatics software, announced the addition of Pfizer to the Accelrys Enterprise Cheminformatics Consortium ("Consortium").

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