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Enron Mail |
o Net Software Firm Tridium Raises $20 Million in First Round
RICHMOND, Va. -- Tridium, a provider of Web-enabled, automation software infrastructure, said it closed a $20 million first round of funding. kRoad Ventures and Enron North America each contributed $10 million. The company said it will use the funds to increase sales and technical support offices in North America, expand its operations into Europe and Asia, and enhance its technology and products. Tridium develops and markets Niagara Framework, a software infrastructure that allows companies to build software applications for accessing, automating, and controlling smart devices in real-time over the Internet. A representative from kRoad and Enron will each join the company's board of directors. http://www.tridium.com/ _____________________________________________ ChemCross and Omnexus form strategic alliance Nov 17, 2000 10:05 AM ET HOUSTON, Nov. 17 (LocalBusiness.com) -- ChemCross, an Internet trading portal for chemical and plastic companies in Asia, has formed a strategic alliance with Omnexus, an online marketplace focused on delivering products and related services to the plastics industry. Michael Lee, vice president of marketing at Houston-based ChemCross, said the alliance helps it diversity its source base by connecting with buyers and sellers in the United States and Europe. "This alliance makes strategic sense for both companies, and we look forward to moving ahead quickly," he said. Yaarit Silverstone, interim CEO of Omnexus, said the alliance has "powerful synergistic possibilities." More than 60 major chemical and plastic companies in Asia support ChemCross, which, in addition to its Houston headquarters, has offices in Seoul, Korea, Shanghai, China and Tokyo. Omnexus is based in Zurich, Switzerland, with its United States operations handled from an office in Atlanta. ________________________________________________ o Market Forcaster Opion Launches with $6.5 Million Series A HERNDON, Va. -- Opion, which provides real-time market information and forecasting services, said it launched with a $6.5 million Series A round of funding. New Enterprise Associates and Capital Investors Group led the round that included Avatar Capital Partners, Avansis Ventures, Science Applications International, and Schoffstall Ventures. The company will use the funding for further research and development as well as sales and marketing. The company was co-founded by Nick Arnett, who was most recently vice president of marketing for software firm Invisible Worlds, and by former Network Solutions senior vice president and CTO David Holtzman, who serves as Opion's chairman and CEO. Opion analyzes public Internet interactions to make market forecasts. http://www.opion.com/ _____________________________________________ o Financial Info Streaming Media Firm RAW Lands $27 Million LONDON -- RAW Communications, a broadband media company that distributes financial messages from corporations and brokers to institutional and retail investors, said it completed a $27 million round of funding led by Providence Equity Partners. 3i Group, an existing investor, and Intel also participated. The company said it will use the funding to expand RAW's broadband media network and related production hubs. The company plans to expand further in the U.S. and Europe and to establish a foundation in Asia. A source close the company said a representative from Providence Equity will join RAW's board. http://www.rawcommunications.com/ _____________________________________________ o Bandwidth Exchange Band-X Names Cable & Wireless Exec CEO NEW YORK -- Band-X, an international bandwidth exchange, said it appointed Stephen Beynon to chief executive officer. Mr. Beynon is currently managing director of the data and business services division of Cable & Wireless Optus. Band-X launched an independent virtual market for international wholesale telecom capacity in 1997. The exchange provides four trading branches: networks, an online exchange for the trading of wholesale broadband networks; co-location, a specialist commercial property agency for the trading of international telehousing; switched, a facilities-based exchange for international voice traffic; and routed IP, an exchange for wholesale Internet traffic. Band-X is backed by its founders Goldman Sachs, Morgan Stanley Dean Witter, and Madison Dearborn Partners. http://www.band-x.com/ _____________________________________________ o Dresdner Kleinwort Benson Launches $125 Million Japan Fund TOKYO -- The private equity division of Dresdner Kleinwort Benson (Asia) has launched a fund concentrating on Japanese technology startups. The Japan Technology Fund will hold approximately $125 million in capital and make initial investments of approximately $5 million. Dresdner Bank has invested $25 million in order to launch of the fund. http://www.dresdnerkb.com/ _____________________________________________ o Whitney & Co. To Raise a $2.5 Billion Global Fund NEW YORK -- Whitney & Co. said it is planning to raise a $2.5 billion global fund next year, which will include an allocation for Japan. The venture capital firm, which has offices in New York, Boston, San Francisco, London, Tokyo, Hong Kong, and Singapore, started to invest outside of the U.S. 2 years ago. http://www.whitney.com/ _____________________________________________
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