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Enron Mail |
o U.S. Venture Partners to Close Soon on $1 Billion Fund
MENLO PARK, Calif. -- U.S. Venture Partners (USVP), a venture capital fund, said it expects to close a $1 billion fund soon. USVP, founded in 1981, focuses on early stage opportunities in Internet, communications, software, semiconductors, medical and consumer branded sectors. To date, the company has invested over $700 million in 240 early stage companies. http://www.usvp.com/ _____________________________________________ o Adams Capital Management Closes Third Fund for $420 Million SWEICKLEY, Penn. -- Adams Capital Management said it closed its third fund with $420 million, bringing its total under management to $700 million. The firm said its original fundraising goal for its new fund was $300 million. Investors in the fund include Allegheny Technologies, Erie Indemnity, Ft. Washington Investment Advisors, Invesco Private Capital, State Teachers Retirement System of Ohio, and the University of Richmond. The firm said the new fund would increase its level of investment and invest between $15 million and $30 million per company in some 20 portfolio firms. Adams Capital said it invested $7.5 million from its new fund in Intrinsity, an Austin, Texas-based fabless semiconductor company. http://www.acm.com/ _____________________________________________ o Security Firm Appgate Raises $10.2 Million Third Round STOCKHOLM, Sweden -- Bure Equity, which provides consulting and incubator services, said it invested SEK 7 million ($716,000) in security company Appgate as part of a $10.2 million third round. ABN Amro and GE Equity also invested in Appgate. Together with its existing indirect holdings, which it owns through CR&T and Innovationskapital, Bure Equity's ownership in Appgate now amounts to 42.5 percent. Appgate was originally part of CR&T, a Bure-owned company. The company said it would use the funds to expand into the U.S. and Great Britain. Appgate's product is a security program which protects networks against attacks from within and allows the system administrator to define rights of access at a very detailed level. T-Venture, the corporate venture capital arm of Deutsche Telekom, took a 10% equity stake in Appagate in its second round in January. In its first round AppGate sold a 10% stake to Norwegian Fund for $1.4 million. http://www.appgate.com/ _____________________________________________ o Information Management Firm PurpleYogi Has $13.8 in Series D MOUNTAIN VIEW, Calif. -- PurpleYogi, a creator of distributed information management software called Discovery Systems, said it completed its Series D round of funding with $13.8 million, led by At India. H&Q Asia Pacific is a lead investor in and strategic partner for At India. Previous investor Softbank Venture Capital participated, as did Infosys Technologies and individual investors. The company will use the funds to expand its product, sales, and development team. http://www.purpleyogi.com/ _____________________________________________ o Visual Search Engine for Web, Room102.com, Launches HOUSTON, Texas -- Room102.com, a visual search engine, announced its launch. Room102.com enables Web users to preview snapshots of Web sites before actually loading them into their browser. The company shows pictures as opposed to text to show what a Web site includes. The company was founded by Jeff Morgenthaler, who is also the company's president and CEO. Mr. Morgenthaler was previously an attorney at Frontera Resources, an oil and gas startup. The company has raised $1.5 million from individual investors. http://www.room102.com/ _____________________________________________ o Online Stock Distributor EO Acquires Online Issuer EPO.com LONDON -- EO, an online share distribution platform for retail investors, said it entered into an agreement to acquire EPO.com, an online issuing house specializing in electronic public offerings. The amount of the deal was not disclosed, but the acquisition took place as an all share transaction valuing EO shares at GBP 1.50 each ($2.18). Ola Lauritzson, current CEO of EPO.com, has been asked to join the EO board as marketing director. EO is backed by GlobalNetFinancial.com and New Media Spark. EPO.com's investors include BancBoston, Zebank, Catella IT, and Catalyst Fund Management & Research. http://www.eo.net/ http://www.epo.com/ ______________________________________________________- o New Partners, Principals Named at General Atlantic Partners GREENWICH, Conn. -- General Atlantic Partners, a private equity firm, said it has appointed Braden Kelly, Tom Tinsley, and Florian Wendelstadt as partners. Mr. Tinsley is the former chief executive officer and chief operating officer of Baan Company. Mr. Kelly serves on the board of HEALTHvision and Predictive Systems. Mr. Wendelstadt, a former associate at Bain & Company, was more recently a principal at General Electric. In addition to naming new partners, the company said it has appointed Vince Feng, Drew Pearson, Bill Hildebolt and Phil Trahanas as principals. http://www.gapartners.com/ _____________________________________________
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