consortium

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Related to consortiums: consortia

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 ?
For more information about the consortium, visit the consortium Web page at http://www.
Currently, the consortium is engaged in: Advanced Enterprise Monitor; Algorithms for Connectivity Analysis; ATM Management; Common API for Management Applications; Distributed SNMP Agent; Management of Switched Networks; Network Fault Finder; Optimal Resource Placement; Platform-Independent Tool Set; SNMP Mid-level-Manager; SNMP Utility; and Statistical Monitoring of High Speed Networks.
The activities of the NMS Consortium reflect favorable conditions for network technology development in Israel, which equip the Consortium members with the tools to face state of the art challenges in this field.
The Consortium is an ongoing program, organized into phases of three years.
The first Nanotechnology Consortium Meeting was held October 3-6, at the New York Athletic Club on Central Park, Manhattan.
Numerous prominent storage companies have refined their code and extended their products' compatibility through UNH-IOL group tests and consortium memberships.
Annual membership fees for the SAS Consortium are $14,000, which covers the costs of developing and performing tests.
We support The Salutation Consortium in its efforts to advance the technological requirements to make this a reality," said Brent Miller, Senior Software Engineer for IBM's Pervasive Computing Division.
The ADSL Consortium encourages all participants in the ADSL market to take advantage of this opportunity that benefits individual vendors as well as the ADSL industry as a whole.

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