Foster City, California-based Blyth Holdings Inc, developer of the Omnis 7 cross-system client-server application development environment, has invested $1m in Cool Technology Inc, initially structured initially as a seven-year convertible debenture, convertible into an equity stake at Blyth’s discretion. Blyth also wins a licence to all tool technology created by Cool in the next five years; Cool gets a licence to Omnis software for developing an object library.
