Seventh Wave Technology, an information technology consulting firm and producer of software used by companies to monitor networking functions like accounts payable, basic ledgers, and human resources, IBM will begin using Seventh Wave services for its global consulting group.

According to a release, IBM will use Seventh Wave’s knowledge and expertise in management services to help companies refocus their IT resources and to decrease system support and maintenance expenses, among other services.

The company, launched in 1999 by a father, son and wife team, got help getting off the ground from a $3 million cash jolt from a private investment group led by Southeastern Technology Fund. Seventh Wave focuses on all sized businesses that don’t want to deal with the mundane tasks associated with monitoring and managing a network.

In a 2001 Atlanta Business Chronicle story Seventh Wave chairman Al Burgess said the company would achieve profitability by the second quarter of 2002. Chief executive officer David Fournier tells LocalTechWire that he now does not expect the company to move into the black ink until fourth quarter 2002.

Seventh Wave Technology Web site: