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?=09VentureWire =09Friday, June 01, 2001=09=09? ?=09CONTENTS| COMPANIES| INVESTORS| ADVERTISE| TELL A FRIEND=09VentureWire = Index =09=09'VentureWire =09=09today: 684.3 ? -0.32%=09? ? =09=09 =09=09 =09=09top stories =09=09 =09=09=01=07 Optical Firm Solinet Systems Lands $93 Million Round Two=20 =09=09=01=07 American Express Funds to Focus On Later Stage =09=09=01=07 BioTech Fund Forward Ventures Closes At $256 Million=20 =09=09=01=07 Reuters Greenhouse II To Launch in June With New LPs =09=09=20 =09=09 =09=09TODAY'S FEATURES=20 =09=09Boston Millennia Returns to Market =09=09By Taran Provost =09=09Boston Millennia Partners (BMP) is looking to speed up its pace of in= vesting,=20 and has plans to expand its life sciences staff, a partner at the firm told= =20 VentureWire.more<< =09=09UPCOMING EVENTS =09=09June 26-27: San Francisco =09=09Enterprise Outlook 2001 =09=09Already this year there have been almost 250 enterprise software deal= s (only=20 50 less than the same period last year). A total of $2 billion has been=20 invested in this industry over the past 5 months. Activity in this sector= =20 remains strong.Be sure to register for Enterprise Outlook so you too can st= ay=20 on top of the latest opportunities!=20 =09=09 =09=09 =09=09Now more relevant than ever. RED HERRING. =09=09 =09=09Since its launch in 1993, RED HERRING has become the favored =09=09source of insider information for entrepreneurs, venture =09=09capitalists, investment bankers and senior executives =09=09redefining the new technology-driven world of business. =09=09 =09=09From MEMs to biotech to the top 100 companies that still =09=09matter, RED HERRING gives you a unique perspective =09=09you won't find in conventional business publications. =09=09Get a FREE TRIAL ISSUE of RED HERRING=20 today!http://www.redherring.com/service/circ/subs_ZP.html =09=09 =09=09 =09=09 =09=09 =09=09 =09=09 =09=09new money =09=09 =09=09=01=07 Healthcare ASP DR2DR.com Raises $2.3 Million Series A =09=09=01=07 Lodging Service Provider HubX Gets $2 Million Series A =09=09=01=07 BigRecordPromoter Raises Round One =09=09=01=07 Biotech Firm ReVas Gets Seed Funds From Open Prairie =09=09=01=07 Redfern Photonics Raises $28 Million in Round Two =09=09=01=07 Element K Raises $18 Million in Series B Funding =09=09=01=07 Cardiac Monitoring Tech Firm CardioNet Raises $13.5 Million=20 =09=09=01=07 Cyber-Ark Signs Up Orama For $2M Commitment in Second Round =09=09=01=07 Business Analysis Firm MetaEdge Gets $5 Million Series B=20 =09=09=01=07 Optical Fiber Grating Firm Indigo Photonics Gets $5.7 M=20 =09=09=01=07 eCommerce Industries Seals $21M Third Round =09=09=01=07 HRPath Raises $1.6 Million Series C =09=09=01=07 Rocket Network Receives $9.3 Million in Round Three =09=09=01=07 Greenwich Technology Partners Gets $9.75 Million Late Round=20 =09=09=01=07 Hearing Device Firm InSonus Medical Has $7 Million Round Two =09=09 =09=09 =09=09bad news =09=09 =09=09=01=07 Rich Media Distributor ElasticEdge Closes Down =09=09=01=07 Travel Tech Firm Unexplored.com Lays Off Employees =09=09=01=07 Free Storage Provider MySpace Ceases Operations =09=09=01=07 e-Privacy Firm Eprivex.com Seeks Seed Funds Or Else =09=09 =09=09 =09=09new products =09=09 =09=09=01=07 BlueTarp Launches First Product =09=09=01=07 Design, Building Software Provider Tririga Launches=20 =09=09 =09=09 =09=09m&a =09=09 =09=09=01=07 Office Depot Acquires Officesupplies.com =09=09=01=07 Property Firm Risanamento Napoli To Buy Global Switch =09=09=01=07 Adressdirekt Acquires Adwyze International =09=09=01=07 Researchsummary.com Buys NavigateOne in Stock Deal =09=09=01=07 Wire One Technologies Acquires GeoVideo Networks Assets =09=09=01=07 ObjectSoft to Merge with Golden Screens Interactive=20 =09=09=01=07 Applied Materials Buys Laser Cleaning Tech Co. Oramir =09=09 =09=09 =09=09new directors =09=09 =09=09=01=07 Protection Applications Firm MindMatters Adds to Board =09=09 =09=09 =09=09vc fund news =09=09 =09=09=01=07 BCI and Village Ventures to Form Fund for NY Capital Region =09=09=01=07 Innovatech Invests $3 Million in VIMAC, Firms to Co-Invest =09=09 =09=09 =09=09vc personnel =09=09 =09=09=01=07 Royal Bank Capital Partners Adds Director to IT Fund =09=09 =09=09 =09=09vw corrections =09=09 =09=09=01=07 SpeedGreetings =09=09=01=07 American Fiber Systems =09=09=01=07 Southern Capitol Ventures =09=09 =09=09TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... M&A... NEW=20 DIRECTORS... VC FUND NEWS... VC PERSONNEL... VW CORRECTIONS =09=09 =09=09 =09=09top =09=09 =09=09 =09=09What do beige boxes have to do with data? =09=09Nothing, that's what. The future is wireless =09=09Palm pilots and cell phones and a huge =09=09percentage of research and development over =09=09the next few years will be devoted to figuring =09=09out how to tap into it. =09=09 =09=09Mobile Outlook is the convergence of hundreds of =09=09entrepreneurs and investors, all devoted to =09=09thinking outside the beige box. If you move data, =09=09you can't afford to miss it. =09=09 =09=09Mobile Outlook 2001. Register today:http://www.mobile2001.net/registe= r.asp =09=09 =09=09 =09=09 =09=09top stories=20 =09=09? =09=09Optical Firm Solinet Systems Lands $93 Million Round Two=20 =09=09mail? top =09=09 =09=09OTTAWA (VENTUREWIRE) -- Solinet Systems, a developer of optical core= =20 networks, said it received CDN 144 million ($93 million) from Altamira, Alt= a=20 Partners, Bessemer Venture Partners, New Enterprise Associates, U.S. Ventur= e=20 Partners (USVP), Worldview Technology Partners, and undisclosed optical and= =20 semiconductor component suppliers. New investors included round leader USVP= ,=20 along with Alta Partners, NEA, and the corporate investors. The remaining= =20 investors participated in the first round. Solinet said it would use the=20 funding to complete its product development, bring the product to market=20 later this year, and expand its research and developement, operations, and= =20 marketing departments. Co-founder Madhu Krishnaswamy said the company expec= ts=20 to increase its 205 member staff to 270 by the end of the year. He said the= =20 company plans to become profitable by the second half of next year, and at= =20 that point decide whether to raise another round of funding or go public,= =20 depending on the IPO market. Steve Krausz, general partner at USVP, takes t= he=20 fifth seat on Solinet Systems' board of directors. The company has raised= =20 $108 million to date.=20 =09=09http://www.solinetsystems.com =09=09 =09=09 =09=09American Express Funds to Focus On Later Stage =09=09mail? top =09=09 =09=09MINNEAPOLIS (VENTUREWIRE) -- Two American Express mutual funds that a= lso back=20 startups and invest as a limited partner are focusing on later-stage=20 companies while slowing their overall pace of private investment. Senior=20 portfolio manager, Louis Giglio, told VentureWire that the funds, which he= =20 manages from Minneapolis, will also not invest in any additional VC funds= =20 this year, opting instead to hold capital in reserve for follow-on rounds i= n=20 portfolio companies. Mr. Giglio, who has been managing approximately $6=20 billion as the senior portfolio manager for American Express's Innovations= =20 Fund (since April 2000) and Strategy Aggressive Fund (since November 2000),= =20 said that later-stage companies were more attractive this year for=20 investment. "I would rather invest in a concept that is closer to=20 commercialization than not," said Mr. Giglio. "I don't want to fund someone= =20 for three years and see a lot of red on the income statement. I want to see= =20 earnings at a reasonable point in time." The two funds will allocate no mor= e=20 than their usual 5% to venture capital investment with the pace of investme= nt=20 in startups slowing as the portfolio has taken its share of setbacks. Among= =20 startups backed by American Express, OpenTable.com, a San Francisco provide= r=20 of customer relationship applications and online reservation services to=20 restaurants, recently cut 17% of its staff; and earlier this year=20 Foodline.com, another online restaurant reservation system company, filed f= or=20 bankruptcy. "The pace is dramatically slower," said Mr. Giglio. "We've=20 written one investment down to zero, some down to 10 cents on the dollar. T= he=20 days of the easy returns are long gone." The funds have invested in only=20 three startups this year, and most of the funds' 25 private portfolio=20 companies were funded last year. At present, the funds are in the process o= f=20 helping one portfolio company secure a bridge financing and helping another= =20 raise a second round. American Express invested $25 million in BlueStream= =20 Ventures, a Minneapolis-based venture firm that raised a $300 million initi= al=20 fund last year. The firm has also co-invested with BlueStream in Bandwidth9= ,=20 a Fremont, Calif.-based designer and manufacturer of tunable fiber-optic=20 components; and Calient Networks, a San Jose, Calif. company that provides= =20 all-photonic software and switching systems.=20 =09=09http://www.americanexpress.com =09=09 =09=09 =09=09BioTech Fund Forward Ventures Closes At $256 Million=20 =09=09mail? top =09=09 =09=09SAN DIEGO (VENTUREWIRE) -- Forward Ventures, a life sciences and heal= th care=20 venture fund, said it closed Forward Ventures IV at $256 million in April.= =20 Forward Ventures said it will invest between $8 million to $12 million over= =20 the life of an investment. The firm said two-thirds of the fund will be=20 invested in seed and early-stage deals, and the remaining one-third will be= =20 later-stage investments. Forward also said the fund will focus on early-sta= ge=20 deals in San Diego and the west coast, but that it will consider national a= nd=20 international deals for the later-stage investments. Forward Ventures IV wi= ll=20 be invested in between 20 to 25 companies over a period of three years.=20 Forward Ventures said it began raising the fund in January 2000 with an=20 initial target of $200 but held off closing the fund to reach $250 million= =20 due to increased interest in biotechnology investments. Forward Ventures IV= =20 had a first closing in June 2000 at $77 million. To date, Forward Ventures= =20 has committed $57 million from the new fund in 12 companies in California,= =20 Maryland, and New York. Among the recent portfolio companies are Acordia=20 Therapeutics, Arizeke, Conforma Therapeutics, Cancervax, Nereus=20 Pharmaceuticals, and Sagres Discovery. The managing partners for the fund a= re=20 Stan Fleming, Ivor Royston, and Jeff Sollender. Forward Ventures' co-founde= r=20 Mr. Royston is joining the firm full-time following his retirement as the= =20 founding president of the Sidney Kimmel Cancer Center. New investors to the= =20 fund are Blue Dot Capital, China Development Industrial Bank, Chiron,=20 Fairview Capital Partners, Henkel KgaA, Hunt Ventures, GIMV, J.P. Morgan,= =20 Sofinov, Societe Financiere D'Innovation, and Tai Cheung Capital. They join= =20 previous limited partners Adveq, Jafco, Portage Group Investors, and the Sa= n=20 Diego County Employees Retirement Association. Forward Ventures, founded in= =20 1993, currently has $340 million under management and 42 companies in its= =20 portfolio. Bendetto Gartland & Company acted as the placement agent for the= =20 fund.=20 =09=09http://www.forwardventures.com =09=09 =09=09 =09=09Reuters Greenhouse II To Launch in June With New LPs =09=09mail? top =09=09 =09=09LONDON (VENTUREWIRE) -- Reuters Greenhouse, the venture capital arm o= f=20 Reuters, said it would begin raising a new $250 million fund, Reuters=20 Greenhouse II, in June. The new fund will, for the first time, include=20 limited partners besides Reuters. Reuters Greenhouse said it has received a= n=20 initial investment of undisclosed value for Greenhouse II from Reuters, whi= ch=20 will be a minority investor in the new fund. Reuters Greenhouse said it wil= l=20 approach both European and U.S. institutions for investments in the new fun= d.=20 Greenhouse II will invest in a broad range of industries and not limit itse= lf=20 to investments in companies complementary to Reuters' business interests.= =20 Greenhouse II is targeted to invest an average of $5 million in 15 to 20=20 companies in Europe and the U.S. Greenhouse II will primarily invest in=20 software companies, in addition to investments in the networking and IT=20 industries. Reuters Greenhouse said it would not invest in hardware or=20 telecommunications companies. A first closing is expected by the end of 200= 1.=20 John Taysom, based in London, and David Lockwood, based in San Francisco, a= re=20 the senior managing partners for the fund. There are also four other partne= rs=20 managing the fund. Reuters Greenhouse also said it would be adding new=20 partners to manage the fund. Reuters Greenhouse I, an evergreen fund, is=20 fully invested with $400 million in 83 European and U.S. companies. In=20 November of last year, Reuters scrapped plans to list the fund on the publi= c=20 market as a way to raise additional capital.=20 =09=09http://www.rvcapital.com =09=09 =09=09 =09=09new money=20 =09=09? =09=09Healthcare ASP DR2DR.com Raises $2.3 Million Series A =09=09mail? top =09=09 =09=09RICHMOND, Va. (VENTUREWIRE) -- DR2DR.com, a healthcare application se= rvice=20 provider, announced it has raised $2.3 million in its Series A round of=20 funding led by Monument Capital Partners, a previous investor.The round als= o=20 included investments from Southside Rising and Southwest One. Custis Colema= n,=20 president and CEO of DR2DR.com, said the company will use the investment to= =20 fund its operations until it gets to the break-even stage at the beginning = of=20 the third quarter. DR2DR.com plans to increase sales and marketing and=20 complete development of its product, according to Mr. Coleman, who is also= =20 the founder of the company. Presently, DR2DR.com has 18 employees with a= =20 burn rate below $50,000 per month. The company made $2 million in revenues= =20 last quarter. Monument provided DR2DR.com with $1.5 million in seed funding= =20 last July.=20 =09=09http://www.dr2dr.com =09=09 =09=09 =09=09Lodging Service Provider HubX Gets $2 Million Series A =09=09mail? top =09=09 =09=09WALTHAM, Mass. (VENTUREWIRE) -- HubX, a technology provider to the=20 hospitality and travel industries, said that it has raised $2 million in it= s=20 Series A round. Participating investors included Boston Capital Ventures,= =20 Claflin Capital Management's venture partnership, Black Diamond Fund, and= =20 Hothouse Ventures. The company plans to use the new funds for product=20 development and general operations. Boston Capital Ventures and Claflin=20 Capital Management co-led this round. Citing a burn rate of $125,000 per=20 month, founder and CEO, Mike Murray, said he expects the new funds to carry= =20 the company through to profitability within approximately 12 to 18 months.= =20 Post money, HubX is valued at $5.8 million. As a result of the financing,= =20 Thomas Claflin of Claflin Capital and Alex Wilmerding of Boston Capital=20 Ventures were granted seats on the five-member HubX board of directors.=20 =09=09http://www.hubx.net =09=09 =09=09 =09=09BigRecordPromoter Raises Round One =09=09mail? top =09=09 =09=09SANTA MONICA, Calif. (VENTUREWIRE) -- BigRecordPromoter, which develo= ps=20 contact management software for independent musicians and promoters, said i= t=20 spun off from Creative Engine, which provides design development and=20 animation software, and has raised an undisclosed amount of first round=20 financing from Pacific Security Group. The company expects one appointment = to=20 be made to the board of directors, which currently has two directors. Serie= s=20 A funding will be used for software development and is expected to last unt= il=20 August, when a beta version of BigRecordPromoter's software will launch. Th= e=20 company is also raising $500,000 in a second round of financing expected to= =20 come from individual investors and board directors. The second round will= =20 fund the company's marketing from August until the end of the year, when th= e=20 finished software will launch. Former parent company Creative Engine is als= o=20 backed by Pacific Security Group. The company has been profitable since 199= 9.=20 Creative Engine had $400,000 in revenues in 2000, and expects that figure t= o=20 double this year. =09=09http://www.bigrecordpromoter.com =09=09 =09=09 =09=09Biotech Firm ReVas Gets Seed Funds From Open Prairie =09=09mail? top =09=09 =09=09CHAMPAIGN-URBANA, Ill. (VENTUREWIRE) -- ReVas, a developer of medical= =20 devices, said that it received $400,000 in initial seed funding from Open= =20 Prairie Ventures. ReVas will dedicate the new funds to product development,= =20 clinical trials, and staff expansion. In addition to its venture capital=20 investment, Open Prairie Ventures will provide financial oversight for ReVa= s,=20 which has developed and patented a process for a reversible vasectomy.=20 Initial management of the company will be provided by executive advisory fi= rm=20 Barnard Associates, with Theodore Bailey of the Life Sciences Business=20 Advisory Services at Barnard serving as the company's CEO. ReVas plans to= =20 raise an undisclosed amount of additional capital in the near future.=20 Telephone: 317-684-9106 =09=09 =09=09 =09=09Redfern Photonics Raises $28 Million in Round Two =09=09mail? top =09=09 =09=09SYDNEY, Australia (VENTUREWIRE) -- Redfern Photonics, which develops = and=20 manufactures optical telecommunications products, said it has secured $28= =20 million in round two financing. The Australian Technology Fund, Citicorp=20 Equity Capital, DB Capital Partners, Ericsson Deutsche Technology Fund, GE= =20 Equity, and Temasek Capital participated in the round. DB Capital Partners= =20 led the round, which has not closed. The company may raise additional funds= =20 for a second close. Redfern Photonics' new board will include two=20 representatives from majority shareholder Australian Photonics, Roy McKelvi= e=20 of DB Capital Partners, Roger Keane of GE Equity, CEO Chris Howells, and=20 three new independent non-executive directors. Citigroup also gained observ= er=20 rights through investment director, Jeremy Wardell. A chairperson will be= =20 selected from among the three independent directors. =09=09http://www.redfernphotonics.com =09=09 =09=09 =09=09Element K Raises $18 Million in Series B Funding =09=09mail? top =09=09 =09=09ROCHESTER, N.Y. (VENTUREWIRE) -- Element K, a provider of corporate= =20 e-learning services for information technology and business skills training= ,=20 announced the completion of $18 million Series B financing from investors= =20 including Rustic Canyon Ventures and Wasserstein & Co. Wasserstein & Co., a= n=20 existing investor, led the round with participation from previous investor= =20 Rustic Canyon and several other existing shareholders. The company plans to= =20 use the new funds for product development and strategic partnerships. This= =20 latest funding brings the total amount of equity raised by Element K to=20 approximately $200 million since February 2000, when an investor group led = by=20 Wasserstein & Co. purchased Element K from Ziff-Davis. =09=09http://www.elementk.com =09=09 =09=09 =09=09Cardiac Monitoring Tech Firm CardioNet Raises $13.5 Million=20 =09=09mail? top =09=09 =09=09SAN DIEGO (VENTUREWIRE) -- CardioNet, which is developing a wireless = cardiac=20 monitoring technology for people with cardiovascular diseases, announced it= =20 has raised $13.5 million in its second round of funding led by new investor= =20 Hambrecht & Quist Capital Management. Previous investors Sanderling Venture= =20 Partners, Inglewood Ventures and BioFrontier Global Investment also=20 participated in this round. The company said it would use the funds to=20 complete product development, establish a telemetry service center, and=20 launch national distribution in January 2002. To date, CardioNet has raised= =20 $21.5 million in funding. =09=09http://www.cardionet.com =09=09 =09=09 =09=09Cyber-Ark Signs Up Orama For $2M Commitment in Second Round =09=09mail? top =09=09 =09=09DEDHAM, Mass. (VENTUREWIRE) -- Cyber-Ark Software, an information sec= urity=20 firm, said it has received $1 million in second-round funding from Orama, a= =20 Tel Aviv-based merchant bank. Cyber-Ark also said Orama is acting as the=20 placement agent for the company's targeted $15 million second round. Orama= =20 will invest an additional $1 million when the round closes. Cyber-Ark said = it=20 had a post-money valuation of $30 million in July 2000 after its first roun= d.=20 In total, Cyber-Ark has raised $9 million from Cabaret-ArbaOne, Chase=20 Capital, Nomura International, and Softbank affiliate Seed Capital Partners= .=20 Its investors have a 60% equity stake in the firm.=20 =09=09http://www.cyber-ark.com =09=09 =09=09 =09=09Business Analysis Firm MetaEdge Gets $5 Million Series B=20 =09=09mail? top =09=09 =09=09SUNNYVALE, Calif. (VENTUREWIRE) -- MetaEdge, a provider of decision-s= upport=20 customer intelligence software and services to e-commerce companies, said i= t=20 received $5 million in Series B funding from Pacific Wealth Consultant, a= =20 subsidiary of Hon Hai Precision Industry. The company plans to use the new= =20 money for technology development, marketing and sales, and Asian expansion.= =20 Post-money, MetaEdge is valued at $32 million. Citing a monthly burn rate o= f=20 $500,000, expected to increase to $700,000 by the year's end, MetaEdge CEO= =20 Liwen Chen said he expects the new funds will carry the company "close to= =20 breakeven," by the first quarter of 2003. As a result of this financing, Ho= n=20 Hai Precision Industry was granted a seat on the company's five-member boar= d=20 of directors, which includes Stephen Li of WK Technology Fund. Prior to thi= s=20 round the company raised $11 million in Series A funding, led by WK=20 Technology Fund with participation from Concord Venture Capital Group,=20 SoftChina Venture Capital, and Itochu Financial. =09=09http://www.metaedge.com =09=09 =09=09 =09=09Optical Fiber Grating Firm Indigo Photonics Gets $5.7 M=20 =09=09mail? top =09=09 =09=09BIRMINGHAM, England (VENTUREWIRE) -- Indigo Photonics, an optical fib= er=20 grating technology provider, announced it has secured GBP 4 million ($5.7= =20 million) in its first round of funding from 3i, a European venture capital= =20 firm. With the funding Indigo said it will develop its technology, continue= =20 to strengthen relationships with its existing commercial and industrial=20 partners, and expand its manufacturing capabilities. Indigo was formed by t= he=20 Aston Univeristy Photonics department, which is researching Fiber Bragg=20 Grating technology, and the gratings division of Oxford Fibre Optic Tools.= =20 Gratings are used to in the development of optical components and modules. =09=09http://www.indigo-photonics.com =09=09 =09=09 =09=09eCommerce Industries Seals $21M Third Round =09=09mail? top =09=09 =09=09VIENNA, Va. (VENTUREWIRE) -- eCommerce Industries (ECI2), which provi= des=20 e-commerce software and services for office products, said it closed its=20 third round at $21 million from Accel Partners, Friedman, Billings and=20 Ramsey, Frazier Technology Ventures, and New Enterprise Associates, and=20 individuals. Series A lead investor NEA and Series B lead inverstor Accel= =20 co-led this new round. Bruce Golden of Accel has taken Accel's first seat o= n=20 ECI2's board, which now has seven directors. ECI2 said the financing would = be=20 used for acquisitions and for marketing and sales. ECI2 said venture=20 capitalists own 42% of the company and that is has a post-money valuation o= f=20 $96 million. The company also said it expects to reach profitability before= =20 the end of the year. To date, ECI2 has raised $84 million in three rounds.= =20 Last week ECI2 finalized the acquisition of MayTech, an accounting/inventor= y=20 back-end software provider to the janitorial/sanitorial industry, based in= =20 San Antonio. Financial details of the stock-and-cash deal were undisclosed.= =20 MayTech's CEO David Mayer has joined ECI2 as a president of a business syst= em=20 group and no employee changes are expected at MayTech, which had received n= o=20 venture capital funding. ECI2 also said it will announce the acquisition of= a=20 Cambridge, U.K.-based back-end software firm, which provides services to th= e=20 office products industry, early next week. Financial details of the=20 stock-and-cash deal are undisclosed. The CEO of the acquisition target will= =20 join ECI2. Both acquisitions will function as separate subsidiaries within= =20 ECI2's business services group. ECI2's other two groups create Web sites an= d=20 provide supply-chain network services. ECI2 also has offices in London and= =20 Toronto.=20 =09=09http://www.eci2.com =09=09 =09=09 =09=09HRPath Raises $1.6 Million Series C =09=09mail? top =09=09 =09=09ALAMEDA, Calif. (VENTUREWIRE) -- HRPath, which provides online human= =20 resources services such as handbooks, manuals, procedures, and policies, sa= id=20 it raised $1.6 million in its Series C. Participants in this round were=20 private investors that included Peter Chernin, president and COO of News=20 Corp., and HRPath board member G. Steven Burrill, CEO of Burrill & Co., a= =20 private merchant bank with a venture capital branch. The money will be used= =20 for infrastructure and sales and marketing. Nick Donatiello, president and= =20 CEO of Odyssey Partners, has become the fifth member of the board. He=20 replaces David Siskin, founder and CEO of Addwater, who resigned to pursue= =20 other opportunites. Attorney Greg Beattie of the Oakland, Calif. office of= =20 Bay Venture Counsel is HRPath's adviser. Paul Finkle, Malcolm Whyte, and=20 Philip Chernin founded the company in September 1999. =09=09http://www.hrpath.com =09=09 =09=09 =09=09Rocket Network Receives $9.3 Million in Round Three =09=09mail? top =09=09 =09=09SAN FRANCISCO (VENTUREWIRE) -- Rocket Network, which provides Interne= t-based=20 production networks for audio professionals, said that it received $9.3=20 million in the first close of its third round from Cisco Systems, Vulcan=20 Ventures, and Weston Presidio. Cisco Systems, a new investor, led this roun= d.=20 The company plans to dedicate the new funds to software development and=20 marketing. With the round there were no appointments to the company's=20 five-member board of directors, which includes Eric Robison of Vulcan=20 Ventures and Phil Halperin of Weston Presidio. In March 2000, Rocket Networ= k=20 received $15 million in a second round of funding led by Weston Presidio=20 Capital, with participation from Avid Technology and Chase Capital Partners= ,=20 Vulcan Ventures, and an unnamed individual. The company is currently=20 targeting strategic investors for the second tranche of this round, which i= s=20 set to close in the next 90 days.=20 =09=09http://www.rocketnetwork.com =09=09 =09=09 =09=09Greenwich Technology Partners Gets $9.75 Million Late Round=20 =09=09mail? top =09=09 =09=09WHITE PLAINS, N.Y. (VENTUREWIRE) -- Greenwich Technology Partners (GT= P), a=20 provider of network infrastructure consulting and engineering services, sai= d=20 it raised $9.75 million in later-stage financing from Cabletron Systems,=20 Extreme Networks, Juniper Networks, and the Japanese trading firm Marubeni.= =20 New investors included the lead investor, Marubeni, in addition to Cabletro= n=20 Systems and Extreme Networks. Juniper had invested in an earlier round. GTP= =20 also said it has begun a strategic business relationship with Marubeni in= =20 order to expand GTP's services in Asia and that it reached profitability in= =20 March and had $14.1 million in first-quarter revenue. GTP is also backed by= =20 Antares Investment Partners, Azure Capital Partners, the CIT Group, Credit= =20 Suisse First Boston I, J.P. Morgan Partners, FG II, STV Partners III,=20 VantagePoint Venture Partners, Wheatley Partners II, and individuals. =09=09http://www.greenwichtech.com =09=09 =09=09 =09=09Hearing Device Firm InSonus Medical Has $7 Million Round Two =09=09mail? top =09=09 =09=09NEWARK, Calif. (VENTUREWIRE) -- InSonus Medical, which is developing = hearing=20 devices by combining electronic implant technologies with high fidelity=20 audio, said it has raised $7 million in its second round of funding provide= d=20 by previous investor Essex Woodlands Health Ventures and new investor US=20 Bancorp/Piper Jaffray Venture. A number of undisclosed individual investors= =20 also participated in the round. Adnan Shennib, president and CEO of InSonus= ,=20 said the company will use the funding to complete the development of its=20 hearing devices and marketing of the product. Mr. Shennib said the company'= s=20 post-money valuation was doubled in this round. InSonus, which raised $5=20 million in its first round of funding, is developing small hearing devices= =20 that operate continuously for up to six months inside the ear canal. Mr.=20 Shennib said the company, which now has 18 employees, plans to add 12 to 15= =20 people to its workforce by the end of the year.=20 =09=09http://www.insonus.com =09=09 =09=09 =09=09bad news=20 =09=09? =09=09Rich Media Distributor ElasticEdge Closes Down =09=09mail? top =09=09 =09=09PLANO, Texas (VENTUREWIRE) -- ElasticEdge, a developer of a distribu= tion=20 system for rich media including data, video, audio, and animation, has shut= =20 down, according to an investor in the company. A spokesperson for BRM, an= =20 investor in ElasticEdge, said the board of directors chose to close the=20 company after it realized the market would not develop the way it originall= y=20 predicted. "They decided to cut their losses to still meet their obligation= s=20 to employees, for example, " the spokesperson said. The undisclosed number = of=20 laid-off employees all received severance packages. The company received a = $5=20 million equity financing deal from BRM Group last July.=20 =09=09http://www.elasticedge.com =09=09 =09=09 =09=09Travel Tech Firm Unexplored.com Lays Off Employees =09=09mail? top =09=09 =09=09SAN FRANCISCO (VENTUREWIRE) -- Unexplored.com, which supplies technol= ogy and=20 business services to businesses in specialty leisure travel, said it laid o= ff=20 an undisclosed number of employees at the beginning of May. The company had= =20 no comment on the reason for the layoffs. Unexplored.com said a core team o= f=20 fewer than 20 employees remains to continue business as the company evaluat= es=20 a number of strategic alternatives. In April Unexplored said it was raising= a=20 $20 million to $25 million Series C round and had already raised $6 million= =20 from previous investors. On Thursday, the company had no comment about the= =20 status of that funding. The company also said the terminated workers did no= t=20 receive severance. Unexplored.com's affiliate Web sites are:=20 Adventureseek.com, GrandTrunk.com, Inntopia.com, Moguls.com, Safari.net, an= d=20 Worldwaters.com. To date, Unexplored.com has raised approximately $17 milli= on=20 from Allen & Co., the Special Opportunity Group Fund, Wand Partners, and=20 individuals, including Bill Hambrecht of WR Hambrect & Co.; Tom Hicks and= =20 Jack Furst of Hicks Muse Tate & Furst; and Allen Wheat of Credit Suisse Fir= st=20 Boston.=20 =09=09http://www.unexplored.com =09=09 =09=09 =09=09Free Storage Provider MySpace Ceases Operations =09=09mail? top =09=09 =09=09PALO ALTO, Calif. (VENTUREWIRE) -- MySpace, a provider of online file= storage=20 and sharing applications, is discontinuing its free consumer service,=20 according to a posting on its Web site. MySpace said its site would remain = up=20 until the end of today to enable customers to retrieve their files. The=20 company has begun referring customers to storage provider FreeDrive. MySpac= e=20 received $14.6 million from Hewlett Packard last April. Neither MySpace nor= =20 Hewlett Packard could be reached for comment. =09=09http://www.myspace.com =09=09 =09=09 =09=09e-Privacy Firm Eprivex.com Seeks Seed Funds Or Else =09=09mail? top =09=09 =09=09NEW YORK (VENTUREWIRE) -- Privacy Protection, which does business as= =20 Eprivex.com and is a developer of electronic privacy technology and persona= l=20 privacy protection services, said it must cease operations unless it can=20 complete its seed round of $1.5 million, wholly or incrementally, from=20 individual or private investors. The company, which was founded in March=20 2000, has received prior financing from individual investors including Roge= r=20 Dietch, founder of Regency Capital, as well as from Jesse L. Martin, Jerry= =20 Orbach, and Sam Waterston, all of whom are actors on the NBC television sho= w=20 Law and Order.=20 =09=09http://www.eprivex.com =09=09 =09=09 =09=09new products=20 =09=09? =09=09BlueTarp Launches First Product =09=09mail? top =09=09 =09=09PORTLAND, Maine (VENTUREWIRE) -- BlueTarp, which provides financial a= nd=20 technology applications for the building industry, said it introduced its= =20 first product. Also named BlueTarp, the product is a charge card designed= =20 specifically for the building industry. The card is used at participating= =20 store locations to purchase building materials. Invoices of card purchases= =20 are automatically submitted to BlueTarp's Web site, where they can be=20 published into accounting or spreadsheet applications. The program has been= =20 rolled out in Raleigh-Durham, N.C., Greenville, S.C., Southern N.J., and=20 Southern Maine. In May 2000, North Adams, Mass.-based Village Ventures led= =20 the company's $3.5 million first round. The company said it will begin=20 raising its second round in the fall.=20 =09=09http://www.bluetarp.com =09=09 =09=09 =09=09Design, Building Software Provider Tririga Launches=20 =09=09mail? top =09=09 =09=09MARLBORO, N.J. (VENTUREWIRE) -- Tririga, which provides Web-based des= ign and=20 construction management software, announced it has launched. The Tririga=20 technology was developed by Marnell Corrao Associates, the Las Vegas=20 developer that built the Bellagio Hotel. The software platform automates th= e=20 design and entire phases of construction and management operations. Tririga= =20 is in the process of raising its Series A round, which opened in March. The= =20 company said it has secured in excess of $14 million in capital from its=20 founders, the Marnell and Barret families, and other undisclosed individual= =20 investors. Tririga plans to officially launch its software June 19. The=20 management of Tririga includes Anthony A. Marnell II, James A. Barret, Jr.,= =20 and Anthony A. Marnell III. =09=09http://www.tririga.com =09=09 =09=09 =09=09m&a=20 =09=09? =09=09Office Depot Acquires Officesupplies.com =09=09mail? top =09=09 =09=09DELRAY BEACH, Fla. (VENTUREWIRE) -- Publicly traded Office Depot, a r= etailer=20 of office products, announced the acquisition of officesupplies.com, an=20 online office supply retailer. Terms of this transaction were not disclosed= .=20 The acquisition includes officesupplies.com's customer base, the company's= =20 Web site, and its domain name. Officesupplies.com's Web site will remain=20 operational during a 90-day transition period in which current customers wi= ll=20 be given the opportunity to transfer their account information. An Office= =20 Depot spokesperson said there would be no officesupplies.com employees=20 retained, and that key management would be held on a consultant basis durin= g=20 the the transition period. Officesupplies.com is backed by AT&T Ventures,= =20 Breakthrough Commerce, Hillside Capital, ING Barings, and Needham Capital= =20 Partners. =09=09http://www.officedepot.com =09=09http://www.officesupplies.com =09=09 =09=09 =09=09Property Firm Risanamento Napoli To Buy Global Switch =09=09mail? top =09=09 =09=09LONDON (VENTUREWIRE) -- Italian real estate firm Risanamento Napoli, = listed=20 on the Milan Stock Exchange, has agreed to acquire the European=20 carrier-neutral service provider Global Switch for EUR 495 million ($419.6= =20 million) in stock and secured loan notes. Following the completion of the= =20 acquisition, Risanamento Napoli will join existing investors TrizecHahn,=20 Chelsfield, and Unicorn Assets and Fasset Limited on the board. Global=20 Switch's previous investors hold 53% of the company, with Rianamento slated= =20 to take the remaining 47%. Risanamento will raise cash of at least EUR 180= =20 million through the sale of its property portfolio and another EUR 100=20 million through a rights issue. Upon completion of the acquisition, investo= rs=20 in Global Switch intend to list the company on the London Stock Exchange.= =20 Both Elliot Bernard, chairman of Global Switch, and Andy Ruhan, the company= 's=20 chief executive officer, will retain their positions following the=20 acquisition. The new board of directors for the company will be composed of= =20 nine directors. Three directors will be appointed by Risanamento's majority= =20 shareholder Nuova Immobiliare, with the three previous investors taking one= =20 seat each, and three seats designated as independent. Global Switch has sit= es=20 in London, Amsterdam, Paris, Dublin, Toronto, and is developing sites in=20 Frankfurt, London, Singapore, Sydney, Milan, and Madrid. TrizecHahn=20 Chelsfield SARL, a Swedish invetment unit formed from Canadian firm=20 TrizecHahn and U.K. property firm Chelsfield, has invested $312 million in= =20 the company. Royal Bank of Scotland also provided previous capital for the= =20 technology firm. =09=09http://www.globalswitch.com =09=09 =09=09 =09=09Adressdirekt Acquires Adwyze International =09=09mail? top =09=09 =09=09STOCKHOLM (VENTUREWIRE) -- Adressdirekt, which develops Internet mark= eting=20 applications, said it acquired its competitor Adwyze International, which= =20 develops technical infrastructure and marketing applications. According to= =20 Adressdirekt, the two companies will consolidate business activities. As a= =20 result of this deal, ITbuilder gains a 27% stake in Adressdirekt. No other= =20 terms of the deal were revealed. Founded in late 1999, Adressdirekt is back= ed=20 by European Media Venture, Alfred Berg Industrifinans Norway, and private= =20 investors. Adwyze is backed by venture capital firm ITbuilder. =20 =09=09http://www.adressdirekt.se =09=09http://www.adwyze.com =09=09 =09=09 =09=09Researchsummary.com Buys NavigateOne in Stock Deal =09=09mail? top =09=09 =09=09LONDON (VENTUREWIRE) -- Researchsummary.com, a Web portal with invest= ment=20 analyst research for investors, announced it has acquired its partner=20 NavigateOne, which develops search engine software. Terms of the all-stock= =20 deal were not disclosed. CEO John Thorne said the post-merger valuation of= =20 Researchsummary.com was just under GBP 40 million ($56.7 million); before t= he=20 deal the company was valued at approximately $35 million. The deal was valu= ed=20 based on competitor and market evaluation. NavigateOne, which had been the= =20 only supplier of custom-built software for Researchsummary.com, will be ful= ly=20 integrated into Researchsummary.com. Of 22 former employees, 15 will join= =20 Researsummary.com, resulting in a combined staff of 24. Former NavigateOne= =20 CEO Huw Leyshan will become a non-executive chairman of Researchsummary.com= ,=20 replacing Paul Thorne, who remains a director on the board. Richard Parrott= ,=20 who had served as CTO at both companies, continues as CTO. Lisa Gibbs, CFO = of=20 NavigateOne, will serve as interim CFO. A NavigateOne spokesperson said tha= t=20 the acquired company still had more than half of its initial funding at the= =20 time of acquisition. NavigateOne had raised $4.4 million from 3i in a first= =20 round of funding in October 2000. Researchsummary, which is self-funded, an= d=20 3i had each owned 20% of the company. K Legal advised NavigateOne, while=20 Baker MacKenzie advised Researchsummary.com =09=09http://www.navigateone.com =09=09http://www.researchsummary.com =09=09 =09=09 =09=09Wire One Technologies Acquires GeoVideo Networks Assets =09=09mail? top =09=09 =09=09HILLSIDE, N.J. (VENTUREWIRE) -- Wire One Technologies, a publicly tra= ded=20 provider of video communications technology, announced it has agreed to=20 acquire the assets of GeoVideo Networks, a provider of real-time=20 collaborative video communications, in an cash and stock deal. Chief among= =20 these assets, in addition to cash on hand of approximately $2.5 million, is= =20 GeoVideo's flagship browser, a software tool that enables up to six=20 simultaneous, real-time, bi-directional IP video sessions to be conducted= =20 over a standard desktop PC. In exchange for the acquired assets, Wire One= =20 will issue approximately 815,000 shares of Wire One common stock, worth abo= ut=20 $4.5 million at today's close, together with warrants to purchase=20 approximately 500,000 additional shares of Wire One stock at $5.50 per shar= e=20 and 520,000 shares at $7.50 per share. In addition, Wire One has said that= =20 will issue extra shares should there be cash in excess of $2.5 million=20 remaining after GeoVideo winds up its affairs. Wire One expects to integrat= e=20 GeoVideo's products into its Glowpoint IP video communications network=20 services by the beginning of 2002. A Wire One representative could not=20 comment on whether the company would be retaining any GeoVideo employees. A= s=20 a result of this transaction, GeoVideo shareholders Crest Communications=20 Holdings, East River Ventures, Lucent Technologies New Ventures Group, and= =20 Thomas Weisel Partners will own Wire One shares and warrants and will be=20 entitled to appoint a director to Wire One's board. The Ocepek Group, also = an=20 investor in GeoVideo, will not be participating in the deal.=20 =09=09http://www.geovideo.com =09=09http://www.wireone.com =09=09 =09=09 =09=09ObjectSoft to Merge with Golden Screens Interactive=20 =09=09mail? top =09=09 =09=09HACKENSACK, N.J. (VENTUREWIRE) -- ObjectSoft, a publicly traded video= =20 entertainment kiosk provider, said it plans to merge with privately held=20 Golden Screens Interactive Technologies, which provides software and=20 electronic commerce applications for Internet-based self-service terminals= =20 and Web-enabled public telephones. If the merger is consummated, the newly= =20 formed entity will be a public corporation operating in various kiosk=20 markets, advertising mediums and related businesses. A spokesman for Golden= =20 Screens Interactive declined to comment on the transaction. Golden Screens = is=20 backed by individual investors.=20 =09=09http://www.gsit.com =09=09http://www.objectsoftcorp.com =09=09 =09=09 =09=09Applied Materials Buys Laser Cleaning Tech Co. Oramir =09=09mail? top =09=09 =09=09SANTA CLARA, Calif. (VENTUREWIRE) -- Applied Material, a publicly tra= ded=20 supplier of products and services for the semiconductor industry, said it h= as=20 acquired Oramir Semiconductor Equipment, a Yoqneam, Israel-based company th= at=20 provides laser cleaning technologies for semiconductor wafers. Financial=20 terms of the cash deal were not disclosed. The acquisition is pending=20 approval by the Israeli government. Oramir will be integrated with Applied= =20 Materials' Process Diagnotics and Control Business Group, based in Rehovot= ,=20 Israel. Applied Materials had an undisclosed stake in Oramir prior to the= =20 deal. Founded in 1992, Oramir is backed by Evergreen VC, Fairchild Corp.,= =20 Gemini VC, H.B MIR Investment, Mofet VC, Myrag, RDC (Rafael Development=20 Corporation), Technology Fund, Teuza VC, Vertex VC, and Yozma VC. It=20 employed fewer than 30 people. =09=09http://www.appliedmaterials.com =09=09http://www.oramir.com =09=09 =09=09 =09=09new directors=20 =09=09? =09=09Protection Applications Firm MindMatters Adds to Board =09=09mail? top =09=09 =09=09PITTSBURGH, Pa. (VENTUREWIRE) -- MindMatters Technologies, which dev= elops=20 applications that manage and protect corporate innovations and intellectual= =20 capital assets, said it appointed Mark Miller to its board of directors.=20 Introduced by a private investor in the company, Mr. Miller becomes the=20 fourth member of the board, with one open seat remaining. He is the founder= =20 and CEO of Solutions Consulting. MindMatters is backed by Future Fund and= =20 Mid-Atlantic Venture Funds. In December 2000 the company raised $1 million = in=20 its Series A. Within the next three months, it will begin raising a $3=20 million to $5 million Series B. The company is currently generating revenue= s=20 and anticipates breaking even by mid-year 2003.=20 =09=09http://www.us-mindmatters.com =09=09 =09=09 =09=09vc fund news=20 =09=09? =09=09BCI and Village Ventures to Form Fund for NY Capital Region =09=09mail? top =09=09 =09=09WILLIAMSTOWN, Mass. (VENTUREWIRE) -- The Berkshires Capital Investors= and=20 Village Ventures, an operating company that provides back office and=20 fundraising services to venture capital funds, announced they will form a= =20 fund to focus on the capital region of New York state. The fund has not yet= =20 been named, but is expected to target between $15 million and $25 million.= =20 The new fund will invest primarily in early-stage technology companies in t= he=20 software, Internet infrastructure and services, and wireless sectors. The= =20 fund will focus on companies based in the capital region, an area high in= =20 entrepreneurial activity but underserved by venture capital resources, said= =20 BCI fund manager, Russ Howard. Village Ventures and BCI will jointly raise= =20 the fund, with first close anticipated at the end of the year. BCI will=20 manage the fund, and Village Ventures will co-invest. Initial investments= =20 will range from $500,000 to $1 million, with approximately $3 million in=20 total funding for each company. The fund will invest in roughly a dozen=20 companies over three years. Carried interest will approximate those of the= =20 industry, said Mr. Howard. Like BCI, the capital area fund will be a Villag= e=20 Ventures affiliate. Mr. Howard and BCI fund manager Brad Svrulga will manag= e=20 the fund; they also expect to recruit a third fund manager who will be base= d=20 in Albany. BCI currently has $21 million under management in two funds and= =20 Village Ventures has established 10 early-stage venture funds in eight=20 states. The operating company is backed by Bain Capital, Highland Capital= =20 Partners, Sandler Capital Managemenr, Janus Capital Corporation, and=20 Banknorth Group.=20 =09=09http://www.berkshirescap.com =09=09http://www.villageventures.com =09=09 =09=09 =09=09Innovatech Invests $3 Million in VIMAC, Firms to Co-Invest =09=09mail? top =09=09 =09=09MONTREAL (VENTUREWIRE) -- Innovatech Grand Montreal, an early stage v= enture=20 capital firm, announced it has invested in $3 million in VIMAC Early Stage= =20 Fund, a Boston-based venture capital firm that invests in start-up companie= s=20 in the area of information technology and the Internet. In turn, VIMAC=20 (Venture Investment Management Company) has agreed to invest in companies= =20 within the Quebec area, where Innovatech focuses most of its investments. T= he=20 agreement will also allow co-investments and provides Innovatech's portfoli= o=20 companies and specialists with access to VIMAC's network, which includes mo= re=20 than 75 co-investors, 50 of which are venture capital companies. Innovatech= =20 focuses on early stage companies, and has invested in over 120 companies to= =20 date. =09=09http://www.innovatech.qc.ca =09=09http://www.vimac.com =09=09 =09=09 =09=09vc personnel=20 =09=09? =09=09Royal Bank Capital Partners Adds Director to IT Fund =09=09mail? top =09=09 =09=09TORONTO (VENTUREWIRE) -- Royal Bank Capital Partners, the private equ= ity arm=20 of Royal Bank of Canada, said Greg Connor has joined the information=20 technology fund as director. He had served as partner at MM Venture Partner= s,=20 where he focused on early-stage IT and biotechnology companies. Prior to MM= =20 Venture Partners, Mr. Connor held positions at Tandem Computers and Credit= =20 Suisse First Boston. Mr. Connor joins Richard Black, private equity fund=20 manager, and Doug Lucky, director, in forming a new management team for the= =20 IT fund. The new management, which formed over the last several months, wil= l=20 focus predominantly on early-stage investments. Of prior investments,=20 roughly one-third focused on early-stage deals. As director Mr. Connor will= =20 focus on the enterprise software, IP infrastructure, and fabless=20 semiconductor sectors. The evergreen IT fund currently manages $100 million= ,=20 $65 million of which has been committed. The fund makes institutional-round= =20 investments that total between $2 million and $10 million. =09=09http://www.rbcap.com =09=09 =09=09 =09=09vw corrections=20 =09=09? =09=09SpeedGreetings =09=09mail? top =09=09 =09=09NEW YORK (VENTUREWIRE) -- An article that ran in Thursday's VentureWi= re about=20 SpeedGreetings incorrectly identified Mail2000 as an investor in=20 SpeedGreetings. In fact, individual members of its senior management=20 participated in SpeedGreetings's recent Series A round. In addition, due to= =20 an editing error, Mail2000 was incorrectly identified as a subsidiary of th= e=20 US Postal Service. It is owned by United Parcel Service. =09=09 =09=09 =09=09American Fiber Systems =09=09mail? top =09=09 =09=09NEW YORK (VENTUREWIRE) -- An item in Thursday's VentureWire about Ame= rican=20 Fiber Systems, which made an addition to its board of directors, incorrectl= y=20 spelled the name of the new member. It is John Malone.=20 =09=09 =09=09 =09=09Southern Capitol Ventures =09=09mail? top =09=09 =09=09NEW YORK (VENTUREWIRE) -- A story in Wednesday's VentureWire misspell= ed the=20 URL for Southern Capitol Ventures, a venture capital firm that announced a= =20 partnership with state-funded North Carolina Biotechnology Center. The=20 correct URL is http://www.southerncapitolventures.com.=20 =09=09 =09=09 =09=09company index =09=09top =09=09 =09=09Adressdirekt, Adwyze International, American Express, Applied Materia= ls,=20 Berkshires Capital Investors, BigRecordPromoter, BlueTarp, Boston Millennia= =20 Partners, CardioNet, Cyber-Ark Software, DR2DR.com, eCommerce Industries,= =20 ElasticEdge, Element K, Eprivex.com, Forward Ventures, GeoVideo Networks,= =20 Global Switch, Golden Screens Interactive Technologies, Greenwich Technolog= y=20 Partners, HRPath, HubX, Indigo Photonics, Innovatech Grand Montr,al, InSonu= s=20 Medical, MetaEdge, MindMatters, MySpace.com, NavigateOne, Objectsoft, Offic= e=20 Depot, officesupplies.com, Oramir Semiconductor Equipment, Redfern Photonic= s,=20 Researchsummary.com, Reuters Greenhouse Fund, Rocket Network, Royal Bank of= =20 Canada Capital Partners, Solinet Systems, Tririga, Unexplored.com, Venture= =20 Investment Management, Village Ventures, Wire One Technologies =09=09 =09=09 =09=09This year to date, over $750 million has been =09=09invested in private equity deals in the financial =09=09services sector (source: VentureWire). In this age =09=09of liquidation preference provisions and =09=09retroactive repricings, that's a strong =09=09performance. Financial Services Outlook allows =09=09you a unique insight into where the investment strength =09=09in this market lies, and which private companies are leading =09=09the strongest sectors of the financial technology =09=09and solutions market. =09=09 =09=09Register before June 19 and SAVE=20 $100:http://www.financialservicesoutlook.com/register.asp =09=09 =09=09 =09=09 =09=09investor index =09=09top =09=09 =09=093i Group, Alta Partners, Altamira Management, Australian Technology F= und,=20 Bessemer Venture Partners, BioFrontier Global Investment, Cabletron Systems= ,=20 Citicorp Venture Capital, DB Capital Partners, Ericsson Deutsche Technology= =20 Fund, Essex Woodlands Health Ventures, Extreme Networks, GE Equity, Hambrec= ht=20 & Quist Capital Management, IngleWood Ventures, Juniper Networks, Marubeni,= =20 Monument Capital Partners, New Enterprise Associates, Orama Group, Pacific= =20 Security Group, Sanderling Ventures, Southside Rising, Southwest One, Temas= ek=20 Holdings, U.S. Bancorp Piper Jaffray Ventures, U.S. Venture Partners,=20 Worldview Technology Partners =09=09 =09=09 =09=09your account =09=09 =09=09click on the following links to: =09=09=01=07 Switch to the plain-text version =09=09=01=07 Change your e-mail address =09=09=01=07 Cancel your subscription =09=09=01=07 Thoughts, suggestions, commentary =09=09=01=07 This newsletter was mailed to you at: jdasovic@ENRON.COM =09=09 =09=09contact =09=09 =09=09Send news items to editor@venturewire.com =09=09Send questions, complaints, or service queries to venturewire@venture= wire.com =09=09Send advertising inquiries to visconti@venturewire.com =09=09 =09=09 =09=09legal =09=09 =09=09This copy of VentureWire and the information within it may not be rep= roduced,=20 saved, or otherwise copied into a database without the prior written consen= t=20 of Technologic Partners. =09=09 =09=09VentureWire is a service mark of Technologic Partners =09=09,2001 Technologic Partners =09=09=09?
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