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 ?
The group is also targeting wire-level interoperability between two similar versions of the iWARP standard, that of the RDMA Consortium and that of the Internet Engineering Task Force (IETF).
The UNH-IOL iWARP Consortium is intended to smooth the adoption curve associated with emerging technologies.
Chip Set Maker Will Partner With Consortium Members to Assure
The UNH-IOL SHDSL Consortium will give vendors the ability to conduct interoperability and conformance-like testing by providing facilities for a multi-vendor test environment, established and maintained by the Consortium members.
This initiative positions the Electra Consortium to lead Europe in development and deployment of Internet/intranet and multimedia training products and services for multinational corporations.
RND) -- formed the Israeli Network Management Systems (NMS) R&D Consortium with the support of the Israel Ministry of Industry and Commerce.
Members of the Nanotechnology Consortium include industrial researchers, academic experts, and Accelrys scientists, who are focused on developing, validating, and applying simulation to a particular research area.
The University of New Hampshire InterOperability Laboratory (UNH-IOL) has launched a new industry consortium that will test industry implementations of Serial Attached SCSI (SAS), the newest serial data storage technology on the market.
What we have is a growing population that sees mobile as a way of life," said Robert Pascoe, president of the Consortium.
Under the leadership of the University of New Hampshire's InterOperability Lab (UNH-IOL), the ADSL Consortium has been established to accelerate the industry's efforts to bring multi-vendor interoperable solutions to the marketplace.

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