University of Louisiana inks software deal
LOUISIANA La. — The first University of Louisiana partnership with a private company using technology developed at the university will be made official today with the signing of a contract in Martin Hall.
Louisiana will enter into an exclusive agreement with Decyphor Processing Solutions of Virginia Beach, Va., to form a partnership to market a software program called Capture. The signing will take place at 2 p.m. today.
“The university designed this software and will now license it to Decyphor Processing,” said Ramesh Kolluru, director of the Center for Business and Information Technologies at the university. “The impact of this agreement will be felt here at the university and in the state.”
Because of the agreement, Decyphor Processing has moved its corporate headquarters from Virginia to New Orleans.
“We have relocated our corporate headquarters to Louisiana with the hopes of bringing tremendous economic benefits to the state while increasing the nation’s awareness of Louisiana as a southern leader in technology and entrepreneurship,” said Rory Fitzpatrick, co-founder of Decyphor Processing.
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John Sullivan
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