While we're hearing Adobe will be beefing up its own web-conferencing and online document collaboration in Acrobat 9, developer and former Sun consultant John Mohan, CEO of Rosebud PLM is gearing up for the commercial release of his company's own hosted solution to allow real-time document reviews.

Rosebud recently secured venture financing that will help that effort, Mohan says. The company may also soon be accepted into the University of Central Florida's business incubator program, through connections made via one member of Mohan's software development team. That would yield access to lab testing facilities and cheaper rents.

As part of this new push, Rosebud plans to hire several employees and will be opening an office in Orlando in July. If all goes as planned, Rosebud 1.0 will be out by the end of the year.

"Everyone who's worked on the product has worked on a part-time basis--in the basement. In the garage. Not even the garage--we've been lucky to be in the garage," Mohan says. "We're going to staff up and finish this thing in six months."

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