Novell, Nortel, Accenture in content networking venture

NEWS Volera will make products to help the distribution of multimedia content such as video and music over the internet. The three companies will supply $80m in cash to fund the new company, as well as consulting services. Nortel will also be entering into distribution agreements with the company. Most of the staff will come from Novell's existing content networking division. Volera will initially be a private company, but the Novell board has approved plans to sell shares to the public at an unspecified date in the future.