From: venturewire@venturewire.com
To: jdasovic@enron.com
Date: 2001-05-31 08:26:00+00:00
Subject: VentureWire, Thursday, May 31, 2001

		?	
?	VentureWire
	Thursday, May 31, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 686.5 ? -1.87%	?
? 		
		
		top stories
		
		  Insight Capital Closes Fourth Fund With $740 Million
		  Whitney & Co. to Spin Off International Offices
		  Rho Ventures Closes Fund IV with $435 Million
		  Fabless Semiconductor Firm Quake Raises $30M Round Two
		 
		
		TODAY'S FEATURES 
		INVESTOR STRATEGY
		Millennium to Focus on New Investments
		By Amanda Briggs
		After completing two new investments this year, Millennium Technology 
Ventures plans to spend more time over the next couple of quarters focusing 
on new deals. more>>
		UPCOMING EVENTS
		July 31: New York City
		Financial Services Outlook
		
		Over $750 million has been invested in private equity deals in the financial 
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		new money
		
		  Biotech Firm Arexis Raises $4.5 Million First Round
		  SpeedGreetings Raises $3M Series A
		  Tools for Health Secures $1.7 Million in First Round 
		 Vaccine Firm Remedyne Closes $3.2M First Round 
		 Antenna Tech Firm Fractus Gets 3i $4.3M Commitment 
		 Biotech Firm OmniSonics Medical Gets $21 Million Series B
		  Reservations Firm Xtime Gets Additional $2.6M in Series B 
		 French Therapy Firm Neurotech Clinches $30M in Third Round 
		 Atherotech Clocks In $4.2M in Series C
		  Spirian Technologies Gets Funding from Silver Young Partners
		  Toppan Printing Makes $5M Strategic Investment in E Ink
		
		
		bad news
		
		  PaperExchange Shuts Down European Operations
		
		
		new deals
		
		  Softbank and Scientia Health Group Form Scientia Japan 
		 Nordic VCs Eqvitec Partners and IT Provider Form Alliance
		  Incyte and Iconix to Collaborate on Chemogenomic Product
		
		
		new products
		
		  Managed Services Provider Cervalis Launches
		  Data Downlink Changes Name to Alacra
		
		
		m&a
		
		  Bertelsmann Buys Ailing Digital Music Storage Firm MyPlay
		  IT Factory Plans More Acquisitions After NotesHouse Deal
		  TMP Worldwide Acquires Online Career Resource FlipDog.com
		  UsherPro, Season Ticket Networks Merge to Form New Company
		  BuildOnline Acquires iScraper Germany in Cash and Stock Deal
		  Metavante Acquires Online Bill Management Firm CyberBills
		  Outtask Acquires Upright Software, Terms Not Disclosed
		  CableNet Acquires Assets of B2B Commerce Firm wireConnect
		  Catenas Acquires Minority Stake in Endero
		
		
		new directors
		
		  American Fiber Systems Adds John F. Malon to Board
		  Andes Networks Appoints Dataquest Founder to Board
		  Supply-Chain Software Maker Mezzia Appoints Director
		  Wireless Firm Commtag Appoints Phone.com Exec. to Board
		  Biz Tech Management Firm Enamics Appoints New Board Member
		
		
		new people
		
		  Biotech Firm Enanta Names Spiros Jamas New President & CEO
		  Data & Analysis Firm Polexis Names David Overskei as New CEO
		  Ardent Appoints Former Glaxo WellCome Exec as Pres, CEO
		
		
		vc fund news
		
		  MMC Capital Closes Technology Fund II at $250M 
		
		
		vc personnel
		
		  Royal Bank Capital Partners Adds Two to Energy Fund Team
		
		 TOP STORIES... NEW MONEY... BAD NEWS... NEW DEALS... NEW PRODUCTS... M&A... 
NEW DIRECTORS... NEW PEOPLE... VC FUND NEWS... VC PERSONNEL
		
		
		top
		
		
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		 top stories 
		?
		Insight Capital Closes Fourth Fund With $740 Million
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Insight Capital Partners, a venture capital firm 
focused on software companies, said it closed its fourth venture capital 
fund, Insight Capital Partners IV, with more than $740 million. Managing 
director Scott Maxwell said the fund, originally targeted between $700 
million and $750 million when Insight began fundraising last June, will make 
typical investments of $20 million in expansion-stage enterprise software 
companies over the next three years, with about 15% of the investments made 
internationally. According to Mr. Maxwell between 30% and 40% of the fund's 
capital came from new limited partners with the rest coming from returning 
LPs. The firm has no plans to deviate from its original model. "Software is 
the space we're founded on and the space that's thriving," said Mr. Maxwell. 
"We pick the absolute best ten or so software companies each year that will 
bring in the best revenues and spend an enormous amount of time on them." 
Insight IV has already invested in Enigma, ConnectCapital Holdings, Dorado 
Software, and Xchange. The firm's other managing directors include Jeff 
Horing, Jerry Murdock, Bill Doyle, Peter Sobiloff, and Deven Parekh. Insight 
Capital Partners closed its first $15 million fund in June 1996, an $81 
million fund in July 1997, and its third fund at $307 million in March 1999.  
Insight has approximately $1.5 billion under management. 
		http://www.insightpartners.com
		
		
		Whitney & Co. to Spin Off International Offices
		 mail? top
		
		 STAMFORD, Conn.  (VENTUREWIRE) -- Whitney & Co., a Stamford, Conn.-based 
venture capital firm, will spin off its offices in Tokyo, Hong Kong, and 
London, VentureWire has learned. "They're closing all international offices," 
said a source close to the firm. The source said Whitney will contract with 
individuals in each office to oversee the existing portfolio companies. 
Earlier this month, Whitney announced closing its fifth fund at $1.1 billion, 
short of its $2 billion target. At the time, the firm said it would 
significantly reduce overseas personnel as well as lay off an undisclosed 
number of employees at its headquarters. Whitney representatives did not 
return calls for this story. According to the source the overseas offices 
will effectively operate independent of Whitney. "Each international office 
will raise its own fund and use the Whitney name, but actually have no 
connection with Whitney, almost like a franchise," said the source. Whitney 
will get a portion of each fund's carry, the source said. 
		http://www.whitney.com
		
		
		Rho Ventures Closes Fund IV with $435 Million
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Rho Ventures, a New York venture capital firm, 
said it closed its fourth fund, Rho Ventures IV, with commitments of $435 
million. The fund will invest in companies seeking seed through 
development-stage funding in a range of sectors including information 
technology, telecommunications and biotech. According to general partner Mark 
Leschly, the fund will typically invest between $10 million and $15 million 
in each company over the course of more than one round. Rho Ventures IV is 
the firm's first fund opened to institutional investors, including pension 
funds, banks, and insurance companies. "It was a different landscape, but we 
raised it fairly quickly," said Mr. Leschly. "We came out above target and 
we're very pleased." Rho Ventures' previous funds were backed by wealthy 
families from the U.S. and Europe. A number of the previous limited partners 
returned to invest in Rho IV. The fund, originally targeted for $400 million, 
opened last summer and made a first close in September with $225 million from 
its returning limited partners. Credit Suisse First Boston served as the 
firm's placement agent. Mr. Leschlyl said he expects to commit the capital 
within two to three years. Other general partners at the firm include Habib 
Kairouz and Joshua Ruch. Rho's previous fund closed in May 1999 with $183 
million. The firm currently has $1 billion under management. Its latest fund 
has invested in four companies to date including Applied Science Fiction, 
Archemix, Intralinks, and Xtera. 
		http://www.rhoventures.com
		
		
		Fabless Semiconductor Firm Quake Raises $30M Round Two
		 mail? top
		
		 OTTAWA (VENTUREWIRE) -- Quake Technologies, a fabless semiconductor company 
developing chips for high-speed optical networking applications, said it has 
raised $30 million in its second round of funding, led by Bowman Capital. 
Bowman was joined by other new investors Cisco Systems, Emerging Alliance 
Fund, and Mitsubishi. Previous investor Mohr Davidow Ventures also 
participated in this round and maintained its position as the largest 
investor in Quake. Skypoint Capital, a previous investor in Quake, did not 
participate in this round. Dan Trepanier, Quake's president and CEO, said the 
company will use the funding to increase production by expanding research and 
production and accelerating product delivery. Mr. Trepanier also said the 
latest funding will take Quake to profitability, but he declined to say when 
he expects that to happen. Quake plans to increase its workforce from 70 to 
about 90 before the end of the year by expanding its operations and sales 
force. The company has raised $48 million in venture capital to date. Chris 
DePuy, a general partner at Bowman Capital and newly appointed Quake 
director, said his firm first learned about Quake from a referral from Mohr 
Davidow. While he declined to discuss valuation, Mr. DePuy said pricing was 
influenced by the current performance of fabless semiconductor companies in 
the stock market, other recent private transactions in the industry, and 
Quake's progress since it closed its first round. Mr. Trepanier said Quake's 
valuation increased in this round, but declined to comment further. Quake has 
no plans at present to raise a third round.
		http://www.quaketech.com
		
		
		 new money 
		?
		Biotech Firm Arexis Raises $4.5 Million First Round
		 mail? top
		
		 GOTHENBURG, Sweden (VENTUREWIRE) -- Arexis, a biotechnology company focusing 
on discovering genetic components of metabolic and inflammatory diseases, 
said it closed its first round of financing at SEK 48 million ($4.5 million) 
at the end of March. The round was funded by new investors 3i and SEB 
Foretagsinvest, and previous investors InnovationsKapital and individuals. 
SEB and 3i each invested $1.9 million, while previous investors 
InnovationsKapital and individuals invested $378,000. Arexis also said it 
received $472,000 in convertible debt financing from the Swedish Industrial 
Development Fund. Arexis said the funding would be used to build up its 
research organization and is expected to last up to two years. The company's 
post-money valuation is $9.45 million. Laurie Rostron of 3i and Johan 
Christenson of SEB joined the board of directors, which now has six 
directors. Arexis also announced the appointment of Lennart Hansson as CEO 
and Bjorn Lowendadler as chief scientific officer. Mr. Hansson is replacing 
acting CEO and co-founder, Vidar Wendel-Hansen, who will now be the chief 
business officer. 
		http://www.arexis.com
		
		
		SpeedGreetings Raises $3M Series A
		 mail? top
		
		 BETHESDA, Md. (VENTUREWIRE) -- SpeedGreetings, which designs, prints, and 
mails customized correspondence, said it raised $3 million in its Series A 
round from investors including Mail2000, a subsidiary of the United States 
Postal Service (USPS). Private investors, including former U.S. postmaster 
general Paul Carlin also participated. The funds will be used for sales and 
marketing and the addition of sales and technology staff. The company also 
named four new members to the now six-member board: Mr. Carlin, who was the 
66th Postmaster and helped pass the Postal Reorganization Act, which created 
the current USPS; John Kuiper, the COO of Mail2000 and former managing 
director of the print/mail business at TNT Post Group; Loren E. Smith, the 
chairman of Perquia and the former chief marketing officer of the U.S. Postal 
Service; and Marvin Runyon, also a former postmaster general, who currently 
heads The Runyon Group. Mr. Runyon was also the founding president and CEO of 
Nissan Motor Manufacturing Corp. USA. SpeedGreetings is advised by Washington 
law firm Holland & Knight. It was founded in July 1999 by CEO Chris Baynes 
and vice president of operations, Andrew Johnson. The company held a seed 
round in December 1999 and raised $750,000 from Mail2000 and private 
investors. The company is currently generating revenues and expects to break 
even in the fourth quarter. It launched its Web site in March. 
		http://www.speedgreetings.com
		
		
		Tools for Health Secures $1.7 Million in First Round 
		mail? top
		
		 ARDSLEY, N.Y. (VENTUREWIRE) -- Tools for Health (TFH), which develops 
proprietary speech recognition technology for the healthcare industry, 
announced it has secured $1.7 million in its first round of funding from 
Bluefish Ventures. TFH's current board member W. Bruce Lunsford, founder and 
former chairman and CEO of Vencor, also invested in the round. TFH said it 
will use the funding to expand its marketing and to continue developing its 
technology and services. David Istock, founder and partner of Bluefish, will 
join TFH's board of directors. Co-founder Louis Summe is CEO of TFH.
		http://www.toolsforhealth.com
		
		
		Vaccine Firm Remedyne Closes $3.2M First Round 
		mail? top
		
		 SANTA BARBARA, Calif. (VENTUREWIRE) -- Remedyne, a biotechnology firm 
developing vaccines and antibiotics for treating infectious diseases, 
announced closing its first round at $3.2 million from Sutton Ventures Group, 
Dlloyd Investments, and individuals. Remedyne said it had a post-money 
valuation of $33 million. As a result of the round, Joe Sutton of Sutton 
Ventures took the seventh seat on the company's board of directors. Remedyne 
said the financing would be used for continued development of its human 
vaccine technology. The company also said it is in late-stage discussions for 
developing animal health products with multiple multinational pharmaceutical 
companies. The discussions are expected to be finalized in the next two to 
three months. Remedyne also said it plans to raise a $30 million Series B 
round in July. 
		http://www.remedyne.com
		
		
		Antenna Tech Firm Fractus Gets 3i $4.3M Commitment 
		mail? top
		
		 BARCELONA, Spain (VENTUREWIRE) -- Fractus, which develops multiband antenna 
technology for wireless communications and automotive companies, said it 
secured a first-round commitment from new investor 3i for up to EUR 5 million 
($4.3 million) and also received $429,000 from venture firm Barcelona Empren 
in April. An unnamed 3i representative occupies the sixth seat on Fractus' 
board of directors as a result of the financing. Fractus said it has received 
$858,000 to date from 3i and will receive an additional $858,000 in four 
months. Based on this financing 3i will hold a 20% equity stake in the 
company. If Fractus requires the remainder of the commitment, $2.6 million, 
in one year's time, 3i has the option to increase its stake to 35%. Barcelona 
Empren holds a 5% equity stake in Fractus. The company said the funding would 
finance continued expansion in Europe, research and development, and 
marketing. Fractus said it plans to be profitable before the end of the year. 
Fractus also said it had a post-money valuation of $12.9 million. 
		http://www.fractus.com
		
		
		Biotech Firm OmniSonics Medical Gets $21 Million Series B
		 mail? top
		
		 WILMINGTON, Mass. (VENTUREWIRE) -- OmniSonics Medical Technologies, a 
provider of non-thermal ablation systems, announced that it has closed $21 
million in Series B financing led by Canaan Partners, with participation from 
Domain Associates and J.P. Morgan H&Q. Prism Venture Partners, an existing 
investor, contributed $3 million to the round. According to president and CEO 
Bob Rabiner, this was an up round, with a post-money valuation of $45 
million. Although he declined to comment on OmniSonics' burn rate, Mr. 
Rabiner said that he expects the new funds to carry the company through to 
profitability within the next two years. OmniSonics plans to dedicate the 
funding to clinical trials, product research and development, and marketing. 
As a result of this financing, Harry Rein, a general partner with Canaan 
Partners, and Bob Moore, a general partner with Domain Associates, have 
joined the seven-director board, which has one additional seat available. 
Also sitting on the board is John Brooks of Prism Venture Partners. In May 
2000, OmniSonics raised $5.7 million in a first round led by Prism Venture 
Partners with participatin from Johnson & Johnson Development.
		http://www.omnisonics.com
		
		
		Reservations Firm Xtime Gets Additional $2.6M in Series B 
		mail? top
		
		 SAN MATEO, Calif. (VENTUREWIRE) -- Xtime, a provider of applications that 
enable service businesses to manage appointments and reservations online, 
said that it received $2.6 million in follow-on Series B financing from 
Innovacom, the venture capital arm of France Telecom. This investment brings 
the company's Series B financing to $19.6 million. The round, which had its 
initial close in August 2000, was led by Venrock Associates with 
participation from Draper Fisher Jurvetson and Rosewood. The company plans to 
dedicate the new funds to operations. Although an Xtime spokesperson declined 
to reveal a burn rate, he said that the Series B financing would carry the 
company through to end of 2002. With this round there were no appointments to 
the company's five-member board, which includes Brian Ascher of Venrock and 
Steve Jurvetson of Draper Fisher Jurvetson. Both Aymerik Renard of Innovacom 
and Robert Keller of Rosewood hold non-voting observer positions on the Xtime 
board. The company's Series A funding came from Angel Investors LP and 
unnamed individuals. 
		http://www.xtime.com
		
		
		French Therapy Firm Neurotech Clinches $30M in Third Round 
		mail? top
		
		 EVRY, France (VENTUREWIRE) -- Neurotech, which develops cell-based therapies 
in the eye and central nervous system, said it closed a EUR 35 million ($30 
million) third round from new investors Apax Partners, Merlin Biosciences, 
Westdeutsche Landesbank Girozentrale, ABN Amro, Rothschild, and AGF 
Innovation. Previous investors 3i, Atlas Venture, CDC Innovation, Sofinnova, 
Sudinnova, Banque de Vizille, GIMV, and IMH also participated. Apax and 
Merlin each invested $8.6 million. Laurent Ganem of Apax and Mark Clement 
have taken the fifth and sixth seats on Neurotech's board of directors. 
Neurotech said the money would be used to finance future clinical trials in 
the U.S. and France and to license or acquire other technologies with 
applicability to the eye. Neurotech also said it was in partnership 
discussions with two multinational pharmaceutical companies. The company said 
the funding should last over three years, but also said it would consider an 
IPO in Europe or the U.S. within the next 18 to 30 months, depending on 
market conditions. The company expects to begin clinical trials for retinal 
degeneration in the U.S. in the latter half of 2002. Neurotech said it had a 
post-money valuation between $43 million and $69 million. Investors own 
approximately 80% of the company. Neurotech also has an office in Lincoln, 
R.I. 
		http://www.neurotech.fr
		
		
		Atherotech Clocks In $4.2M in Series C
		 mail? top
		
		 BIRMINGHAM, Ala. (VENTUREWIRE) -- Atherotech, a medical diagnostics company, 
said it closed its Series C round at $4.2 million from Compass Venture 
Partners, J.F. Shea Co., Needham Capital Partners, and Technology Funding 
Group. This round brings the company's total funding to date to $9.9 million. 
J.F. Shea Co. is a new investor in the company, while Needham Capital had led 
its Series A round and the remaining two investors had co-led its Series B. 
Atherotech said it had a post-money valuation of $26.8 million in this round 
and that investors now own approximately 52% of the company. The funding will 
be used for expansion of research operations, marketing, and sales. The 
company also said it plans to announce a partnership with a publicly listed 
healthcare services firm in the next few days. Atherotech's Vertical Auto 
Profile test monitors cholesterol through direct measurements as opposed to 
the current calculation methods used in standard tests. The company expects 
to reach profitability in the fourth quarter of 2001 and is considering an 
IPO later this year or early next year, depending on market and other 
conditions. 
		http://www.atherotech.com
		
		
		Spirian Technologies Gets Funding from Silver Young Partners
		 mail? top
		
		 CHICAGO  (VENTUREWIRE) -- Spirian Technologies, which provides 
infrastructure management services via the Internet, said it has secured an 
undisclosed investment from Silver Young Partners, a Chicago-based venture 
capital firm, as part of its third round of funding. Earlier this year 
Spirian announced it had secured $7 million in the third round from Citadel 
LP and Ravenswood Capital Venture Fund II. In two other previous rounds, 
Spirian raised a total of $14 million from Primus Venture Partners, WR 
Hambrecht & Co, and individual investors. Spirian said it has raised enough 
funding for general operating costs and to execute its growth plans. Silver 
Young said it invested in Spirian because of its experienced management team, 
and particularly, its long-standing customer relationships. 
		http://www.spirian.com
		
		
		Toppan Printing Makes $5M Strategic Investment in E Ink
		 mail? top
		
		 TOKYO (VENTUREWIRE) -- Toppan Printing Co., which provides color filter 
arrays in the flat panel display industry, said it has invested $5 million in 
E Ink, a developer of electronic ink technology for paper-like displays, as 
part of a strategic partnership. The two companies will jointly develop color 
electronic ink displays. In return for its investment, Toppan will receive 
exclusive international rights to manufacture and supply color filters for 
electronic ink displays for a certain period. To date, E Ink has received 
$57.7 million in financing from Applied Technology, Atlas Venture, Cabot 
Corporation, CNI Ventures, Creavis, FleetBoston Financial, Gruppo Espresso, 
Havas, which is a division of the Vivendi Group in France, Investpress, 
Lucent Technologies, Motorola, Philips Electronics, Solstice Capital, The 
Hearst Corp, The Interpublic Group of Companies, The McClatchy Co., and 
Toppan Printing.
		http://www.eink.com
		http://www.toppan.co.jp
		
		
		 bad news 
		?
		PaperExchange Shuts Down European Operations
		 mail? top
		
		 BOSTON (VENTUREWIRE) -- PaperExchange, a marketplace for the pulp and paper 
industry, said that it has closed its European operations. A company 
representative said that while PaperExchange intends to continue its 
marketplace activities on an international level, the company is "winding up" 
its physical operations in Europe. Investors in PaperExchange include Asia 
Pulp & Paper, International Paper, Internet Capital Group, the Kraft Group, 
Madison Dearborn Partners, MSD Capital, Staples, Terrapin Partners, Bowater, 
and individual investors. 
		http://www.paperexchange.com
		
		
		 new deals 
		?
		Softbank and Scientia Health Group Form Scientia Japan 
		mail? top
		
		 NEW YORK (VENTUREWIRE) -- Scientia Health Group, a newly formed healthcare 
holding company, said it is forming a joint venture with Softbank Investment 
to be called Scientia Japan. Financial details about Scientia Japan will be 
disclosed before the end of June. Softbank owns 51% of the joint venture and 
Scientia Health Group owns the remaining 49%. Scientia Japan will provide 
support services -- among them capital, intellectual property, and 
infrastructure -- to U.S. and Japanese biotechnology and life sciences 
companies in the Japanese market. Scientia Japan intends to assist these 
companies in aspects such as manufacturing, licensing, and marketing their 
products in Japan. The company will focus on private companies but will not 
rule out assistance to public companies. Scientia Japan's executive team will 
be named by the end of June and the company will have offices in New York and 
Tokyo. Scientia Health Group was formed in the beginning of 2001. The company 
plans on closing a first round of funding for approximately $70 million in 
the next two weeks. Investors in the round include Softbank and other 
international financial institutions and individuals. Samuel D. Waksal, 
president and CEO of publicly traded ImClone Systems, is chairman of Scientia 
Health Group and James Neal, a former head of U.S. Bancorp Piper Jaffray's 
life sciences investment banking group, is president. Scientia Health Group 
employs five people and plans to be fully staffed at 15. It will also appoint 
a scientific advisory board. The company does not yet have a Web site, but 
may be contacted through Scientia employee Luciana Perretta. Telephone 
212-645-1405. 
		
		
		Nordic VCs Eqvitec Partners and IT Provider Form Alliance
		 mail? top
		
		 HELSINKI, Finland (VENTUREWIRE) -- Venture capital groups Eqvitec Partners 
of Finland and IT Provider of Sweden announced an alliance. The two companies 
will begin exchanging employees on a weekly basis, adopting each others' 
business practices, co-sponsoring activities for portfolio companies, and 
working on deals together. Eqvitec and IT Provider expect to announce 
co-investments in the near future. Combined, the two firms manage more than 
$428 million in six funds, with $214 million still available for new 
investments. In February, Eqvitec announced first close of its Technology 
Fund II at $122 million, with final close expected at $156 million in June.
		http://www.eqvitec.com
		http://www.itprovider.com
		
		
		Incyte and Iconix to Collaborate on Chemogenomic Product
		 mail? top
		
		 PALO ALTO, Calif. (VENTUREWIRE) -- Incyte, a publicly traded genomic 
information company, and Iconix Pharmaceuticals, a biotechnology company, 
will collaborate on the development and commercialization of a chemogenomic 
information product. As part of the deal, Incyte has bought an undisclosed in 
Iconix for cash. The two companies will develop a product called ChemExpress, 
a large-scale information and analysis system that connects genomic and 
biological activity data with diverse drug molecules and other chemical 
structures and drug pharmacology and toxicology information. Iconix said it 
will roll out the product in the fourth quarter and expects to have a select 
amount of users by the second quarter. Under the terms of the agreement, 
Incyte will provide exclusive marketing and sales for subscriptions of this 
product. Iconix is backed by Abingworth, Institutional Venture Partners, and 
Kleiner Perkins Caufield & Byers. Its strategic investors are Incyte and 
Motorola. 
		http://www.iconixpharm.com
		http://www.incyte.com
		
		
		 new products 
		?
		Managed Services Provider Cervalis Launches
		 mail? top
		
		 STAMFORD, Conn. (VENTUREWIRE) -- Cervalis, a provider of Web hosting and 
managed services with a focus on small to midsize companies, announced its 
launch. The company also announced the launch of its Internet data center in 
Dutchess County, N.Y. Founded by Michael Boccardi in April 2000, Cervalis 
currently employs 140 and expects its staff to grow to 220 by the end of the 
year. Mr. Boccardi had served as senior vice president of operations and CIO 
at DeGeorge Home Alliance, which provided financing for new homes. The 
company is backed by $40 million from venture capital company LPL Investment 
Group.
		http://www.cervalis.com
		
		
		Data Downlink Changes Name to Alacra
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Data Downlink, a provider of Web-based business 
and financial information tools, announced today the change of its name to 
Alacra. According to chief executive officer, Steven Goldstein, the company's 
services will be packaged as Alacra and available under that name starting 
July 10. To date, Alacra has raised approximately $17 million in four rounds 
of financing, with a post-money valuation of $60 million. Backers include 
Barra, J.P. Morgan Chase, Flatiron Partners, Franklin Capital, and Hicks Muse 
Tate & Furst. The company is currently seeking $5 million in Series G 
financing, to close by the third quarter of this year. 
		http://www.alacra.com
		
		
		 m&a 
		?
		Bertelsmann Buys Ailing Digital Music Storage Firm MyPlay
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- The German media conglomerate Bertelsmann has 
agreed to acquire MyPlay, a Redwood City, Calif.-based developer of digital 
music storage technologies. Terms of the acquisition were not disclosed but 
the deal has been reported to be worth about $30 million. MyPlay, which was 
backed by investors including Institutional Venture Partners, Integral 
Capital Partners, and Vulcan Ventures to the tune of about $23 million, was 
involved in serious acquisition talks with Yahoo! last year. The asking price 
during those discussions was $200 million before they fell apart in July 
2000. Bertelsmann spokesperson Alexander Adler said the acquisition by 
Bertelsmann would enable the German media group to launch a unified music 
service, called BeMusic, which would combine its online and offline music 
subsidiaries, including its BMG Music Group, its online retailer CDNow, and 
MyPlay. The acquisition, according to Mr. Adler, will have no effect on 
Bertelsmann's relationship with Napster. Bertelsmann has been alone among 
major record labels in supporting the embattled music-swapping service and 
has the option to become a major investor in Napster. Mr. Adler said the 
acquisition of MyPlay was not a reaction to Vivendi Universal's acquisition 
of MP3.com for $372 million last week. According to Mr. Adler, Bertelsmann 
had been in discussions with MP3.com as well as MyPlay and decided to go with 
the smaller -- and cheaper -- firm. "We were not interested in acquiring a 
brand," Mr. Adler said, also noting that the price of the MyPlay acquisition 
was less than purchases made by Bertelsmann competitors. Mr. Adler is 
confident that the competition is healthy for the industry but he added that 
Bertelsmann has $1 billion in revenue projected for the first year of the 
BeMusic service and 6.5 million users already. Mr. Adler said that the 
executive team would remain on board to operate MyPlay as a subsidiary of 
Bertelsmann. He indicated that there would be no restructuring associated 
with the acquisition, due in part to the February 200 layoffs of 41% of 
MyPlay's staff. The company currently has 35 employees. 
		http://www.bertelsmann.com
		http://www.myplay.com
		
		
		IT Factory Plans More Acquisitions After NotesHouse Deal
		 mail? top
		
		 BOSTON (VENTUREWIRE) -- IT Factory, an international supplier of 
collaborative Internet business products and services based in Boston, is 
planning to grow aggressively through acquisitions, a member of the firm told 
VentureWire. The company, which has made eight purchases this year alone, 
earlier this week announced its latest deal, involving the Lotus Notes 
consultancy firm NotesHouse. While the company would not disclose financial 
details of the acquisition, Gordon Darling, a company spokesperson, said IT 
Factory will make additional purchases in the months ahead. "We will make 
more acquisitions focusing on building the depth and breadth of our 
professional services offerings." IT Factory will look beyond domestic 
borders for deals, Mr. Darling said. "We're looking all over the world."  In 
addition to companies developing technologies compatible with Lotus Notes, 
Mr. Darling said it will specifically target businesses with technologies and 
services compatible with the Microsoft Exchange platform. Mr. Darling would 
not comment on how it values deals or how it pays for them. He would also not 
comment on how many more deals it expects to make, saying it's too hard to 
predict at the current time. Salomon Smith Barney is providing the company 
with financial services while Edwards & Angell is providing legal counsel in 
all of its M&A transactions. In addition to NotesHouse, the other companies 
IT Factory has acquired this year include: Cincinnati-based Synergistics, a 
provider of knowledge-enabled collaborative applications; Credenza, an IT 
services firm in Australia; and Columbia, S.C.-based ECMS, a developer of 
collaboration and messaging software. IT Factory is backed by 2M Invest, 
BankInvest, Den Danske Bank, and Gilde. It said it expects to close a $20 
million to $30 million round with all new investors within the next 60 to 90 
days. 
		http://www.itfactory.com
		
		
		TMP Worldwide Acquires Online Career Resource FlipDog.com
		 mail? top
		
		 PROVO, Utah (VENTUREWIRE) -- Publicly traded TMP Worldwide, the parent 
company of Internet career portal Monster.com, announced it has acquired 
privately held FlipDog.com, a commercial online career resource, from 
WhizBang! Labs. The terms of the deal were not released. A spokesperson for 
FlipDog said the acquisition will not affect employees or the management 
structure of the company. TMP will operate FlipDog.com as an independent 
entity and Web site, serving as a data resource for TMP's other businesses 
such as its recruitment advertising and creative services business unit. As 
part of this acquisition, WhizBang! Labs, the parent company of FlipDog, will 
provide TMP with additional information-extraction services. WhizBang! Labs 
is backed by Dominion Ventures, UBS Capital Americas, Hewlett Packard, Bear 
Stearns, Spiral and Stars, InterVest, and New Media Venture Partners.
		http://www.flipdog.com
		http://www.tmp.com
		
		
		UsherPro, Season Ticket Networks Merge to Form New Company
		 mail? top
		
		 CHICAGO (VENTUREWIRE) -- UsherPro, a developer of ticket management 
software, has merged with rival Season Ticket Networks (STN), to form a new 
company called Season Tickets Solutions. The financial terms of the deal were 
not disclosed Season Tickets Solutions, which will have headquarters in 
Chicago, has developed software that enables ticket holders to track and 
allocate season tickets. Robert McAuliff, UsherPro's chairman and CEO, will 
become chairman and CEO of the new entity. Joel Milne, founder and president 
of STN will become chief technology officer, and Taggart Romney of UsherPro 
will head the new company's Ticket Exchange division. Mr. McAuliff said both 
companies will lose a handful of low-level employees as result of the merger, 
but all senior management, sales, marketing and technology personnel will be 
retained. He said the combined entity will have a total of 25 employees. 
UsherPro is in the process of raising its Series B round of funding, which it 
plans to close in 30 to 60 days, Mr. McAuliff said. The company has raised an 
undisclosed amount of funding from individual investors and is now looking to 
raise its first institutional round. Mr. McAuliff said STN is also 
venture-funded, but declined to disclose the names of the investors. Season 
Ticket Solutions has more than 40 customers, including Staples Center, Key 
Arena, American Airlines Center, the Columbus Blue Jackets, and the Colorado 
Avalanche.
		http://www.seasonticket.com
		http://www.usherpro.com
		
		
		BuildOnline Acquires iScraper Germany in Cash and Stock Deal
		 mail? top
		
		 LONDON (VENTUREWIRE) -- BuildOnline, a provider of Web-based software for 
the European property and construction industry, said it has acquired the 
German operations of iScraper, which provides similar project collaboration 
services for construction companies. Financial terms of the stock and cash 
deal were not disclosed. BuildOnline CEO Marc Suster declined to disclose the 
value of the deal, but, noting that the acquisition was a "fire sale," said 
iScraper Germany's customer contracts have a value of approximately $1.3 
million. Neither firm had outside advisors in the deal. In January, 
BuildOnline considered buying iScraper's entire business, but did not 
purchase the U.K. or Israel divisions due to lack of customer base, he said. 
Mr. Suster added that BuildOnline is holding acquisition discussions with 
companies in France and Germany, and expects to expand into Italy and 
Switzerland. BuildOnline expects to become profitable in the first half of 
2002. Of the seven former iScraper Germany employees, five -- including two 
former managing directors -- will join the German office of BuildOnline. 
BuildOnline will move its German offices from Dusseldorf to iScraper's 
facilities in Frankfurt. iScraper, which had received $40 million in two 
rounds of funding from Apax, Israel Seed Partners, and Softbank, filed for 
bankruptcy two months ago after failing to close a third round. It had 
employed a staff of approximately 65 in offices in the U.K., Germany, Spain, 
New York, San Francisco, and Israel. BuildOnline is backed by $31.4 million 
from BancBoston Capital, Delta Partners, ETF Group, Goldman Sachs, GRP, 
Viventures, and Sal Oppenheim.
		http://www.buildonline.com
		http://www.iscraper.com
		
		
		Metavante Acquires Online Bill Management Firm CyberBills
		 mail? top
		
		 MILWAUKEE (VENTUREWIRE) -- Metavante, a financial services enabler wholly 
owned by publicly traded Marshall & Ilsley Corp., announced it has acquired 
CyberBills, a San Jose, Calif.-based developer of a Web-based bill management 
service, for an undisclosed amount. Metavante's clients will be able to offer 
customers the ability to view and pay presented bills within their Internet 
banking sites. This is Metavante's second acquisition in a month. On May 1, 
the company announced plans to acquire Derivion, a provider of Web-based 
electronic bill presentment and payment services. CyberBills is backed by J 
Net Ventures I, GE Equity, J.W. Seligman, Texaco, Dotcom Ventures, Intuit, 
and Vertex Management. 
		http://www.cyberbills.com
		http://www.metavante.com
		
		
		Outtask Acquires Upright Software, Terms Not Disclosed
		 mail? top
		
		 ALEXANDRIA, Va. (VENTUREWIRE) -- Outtask, a business services provider for 
midsize and Fortune 1000 companies, acquired Illinois-based Upright Software. 
Terms of the deal, including any financial information, office closings, or 
layoffs, were not disclosed. The acquisition includes Upright's RightTrack 
time and expense business application. Outtask will begin handling training 
and customer service for Upright's existing users. Outtask, which has 85 
employees, has raised $13.5 million to date, with its second round raising 
$5.5 million in March. Founded in August 1999, Outtask is backed by divine, 
WaldenVC, and individual investors. Its headquartered is in Alexandria, Va., 
with offices in Austin, Boston, Chicago, Detroit, New York, Portland/Seattle, 
San Francisco, and Washington. Upright Software received one investment when 
it spun out of Northbrook, Ill.-based IT services company Denmac in April 
1999. Outtask is advised by Anthony Rickert who works in the Washington 
office of law firm Piper Marbury. According to Outtask, it was approached by 
Upright for this deal and is currently pursuing additional acquistions over 
the next few months.
		http://www.outtask.com
		http://www.uprightsoftware.com
		
		
		CableNet Acquires Assets of B2B Commerce Firm wireConnect
		 mail? top
		
		 LONDON (VENTUREWIRE) -- CableNet International, which provides cable 
manufacturers and suppliers with supply-chain integration applications, said 
it has acquired the major assets of wireConnect, an Atlanta-based 
business-to-business e-commerce marketplace for the wire and cable industry. 
Financial terms of the acquisition were not provided. wireConnect's platform 
will be folded into CableNet. In conjunction with the acquisition, Chad Hood, 
founder and president of  wireConnect, will join CableNet as senior vice 
president for Commercial Development. Mr. Hood will be based in Atlanta and 
will be responsible for developing customer acquisitions and sales 
opportunities for CableNet as it expands its operations in the U.S. 
wireConnect was funded by Technology Ventures LLC and private investors. 
CableNet, now in the process of raising a $10 million second round, is backed 
by Amadeus Capital Partners, Pino Venture Partners, Veritas Venture Partners 
and individuals. 
		http://www.cablenet.com
		
		
		Catenas Acquires Minority Stake in Endero
		 mail? top
		
		 COPENHAGEN, Denmark (VENTUREWIRE) -- Catenas, a network of professional 
services firms based in San Francisco, said it acquired a 25% stake in 
publicly traded Swedish software and consulting firm Endero. Though Endero 
remains public, it will join Catenas' network of professional services 
companies. The deal strengthens Catenas' position in the Scandinavian region. 
Catenas is majority-owned by 2M Invest, a venture capital and management 
firm, which invested $10 million in Catenas in January. Also in January, 
Catenas raised $54.7 million from Danish, Asian, and American investors at a 
post-money valuation of $188 million and was advised by the London office of 
McDermott Will & Emery in the deal. Gray Cary Ware & Freidenrich is the 
company's law firm in the U.S. Catenas is a network of professional services 
companies that provides management consulting, brand consulting, systems 
integration, relationship marketing, and data mining. 
		http://www.endero.com
		
		
		 new directors 
		?
		American Fiber Systems Adds John F. Malon to Board
		 mail? top
		
		 ROCHESTER, N.Y. (VENTUREWIRE) -- American Fiber Systems (AFS), which 
provides metropolitan dark fiber optic communications networks for carriers 
and service providers in midsize U.S. cities, said it appointed John F. Malon 
to its board of directors. Mr. Malon, who becomes the board's fourth member, 
is the current president and CEO of The Eastern Managment Group, a management 
consulting firm. Mr. Malon was introduced to the company by chairman Jeffrey 
M. Drazan, who is a general partner of Sierra Venture Partners. Additional 
board members include Larry Goldfarb, head of Bay Star Capital, and president 
and CEO Dave Rusin, founder of AFS, which is backed by Sierra and Lucent 
Venture Partners. 
		http://www.americanfibersystems.com
		
		
		Andes Networks Appoints Dataquest Founder to Board
		 mail? top
		
		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Andes Networks, a provider of SSL 
acceleration platforms, announced the appointment of Dataquest founder David 
A. Norman to the company's board of directors. Mr. Norman joins as the fifth 
member of the Andes Networks board of directors, which includes Jason Strober 
of  Vantage Point Venture Partners and Sam Lee of Infinity Capital. This is a 
new seat. Prior to joining Andes, Mr. Norman founded market information 
services firm Dataquest and Creative Strategies, a research consulting firm. 
He currently sits on the boards of Net Ratings, 1st Virtual Communications, 
Bowstreet, noHold, 365Media and Telverse. To date, Andes has raised 
approximately $25.5 million in two rounds of funding and has a valuation of 
$80 million. Investors include Infinity Capital, PacRim Venture Partners, Sun 
Microsystems, and VantagePoint Venture Partners. 
		http://www.andesnetworks.com
		
		
		Supply-Chain Software Maker Mezzia Appoints Director
		 mail? top
		
		 INDIANAPOLIS, Ind. (VENTUREWIRE) -- Mezzia, a developer of collaborative 
supply-chain planning software for healthcare organizations, said former 
president of Premier, Alan Weinstein, has joined the board. Holding the fifth 
seat on the board, Mr. Weinstein was first introduced to the company through 
KB Partners. He had founded Premier Health Alliance, which later merged with 
two other healthcare companies to become Premier. Mezzia has raised 
approximately $10 million from Gazelle TechVentures, KB Partners, and Mason 
Wells.
		http://www.mezzia.com
		
		
		Wireless Firm Commtag Appoints Phone.com Exec. to Board
		 mail? top
		
		 CAMBRIDGE, England (VENTUREWIRE) -- Commtag, a wireless peer-to-peer 
networking platform developer, announced the appointment of former phone.com 
executive Malcolm Bird as a non-executive director. Prior to joining Commtag, 
Mr. Bird served as managing director for phone.com's European operations. 
Also sitting on Commtag's board of directors is Andrea Traversone of Amadeus 
Capital Partners. Founded in June 2000 with $1 million in seed funding from 
its management team, Commtag raised $5 million in its initial round of 
funding this March. Amadeus Capital Partners was the sole investor in the 
round. The company anticipates a commercial deployment of its platform in 
early 2002. 
		http://www.commtag.com
		
		
		Biz Tech Management Firm Enamics Appoints New Board Member
		 mail? top
		
		 STAMFORD, Conn.  (VENTUREWIRE) -- Enamics, which provides an enterprise 
design platform for creating business models, announced it has appointed Carl 
Wilson, executive vice president and CIO of Marriott International, to its 
board of directors. Mr. Wilson will be the fifth member on the board. He has 
served on Enamics' advisory board since July. Enamics, which was founded in 
December 1999 by Faisal Hoque, is funded by META Group and individual 
investors.
		http://www.enamics.com
		
		
		 new people 
		?
		Biotech Firm Enanta Names Spiros Jamas New President & CEO
		 mail? top
		
		 CAMBRIDGE, Mass. (VENTUREWIRE) -- Enanta Pharmaceuticals, a developer of 
small-molecule drugs, announced the appointment of Spiros Jamas as president, 
CEO and director. Prior to joining Enanta, he served as president, CEO, and 
director of Repair, a biopharmaceutical company developing therapies to 
repair diseased organs and tissues. Mr. Jamas replaces co-founder Peter O. 
Kliem, who will continue with the company as chief operating officer, 
executive vice president and board member. He joins as the seventh member of 
the company's board, which includes Stella M. Sung, a partner with Oxford 
Bioscience Partners; Gert Caspritz, a partner with TVM Techno Venture 
Management; and William C. Mills III, a partner with Advent International. 
Enanta's backers include Advent International, Alpinvest International, Bank 
Vontobel, KB Lux Venture Capital, Lancet Capital, Oxford Bioscience Partners, 
and TVM Techno Venture Management. 
		http://www.enanta.com
		
		
		Data & Analysis Firm Polexis Names David Overskei as New CEO
		 mail? top
		
		 SAN DIEGO (VENTUREWIRE) -- Polexis, which creates information analysis and 
data management tools and applications for commercial businesses and 
government agencies, said it appointed David Overskei as its new CEO. 
Previously, Mr. Overskei worked as a consultant to high-technology companies. 
Mr. Overskei, who will not gain a board seat, replaces co-founder, Carlos 
Persichetti, in the CEO position, but Mr. Persichetti will remain president. 
Polexis was searching for a new CEO to direct its future growth and located 
Mr. Overskei through a board member. Founded in 1995 the company has raised 
two rounds of funding from Nextreme Ventures and Bridge-West. It is advised 
by the San Diego office of Brobeck Pheleger & Harrison. 
		http://www.polexis.com
		
		
		Ardent Appoints Former Glaxo WellCome Exec as Pres, CEO
		 mail? top
		
		 RESEARCH TRIANGLE PARK, N.C. (VENTUREWIRE) -- Ardent Pharmaceuticals, which 
develops therapeutics for pain management, urinary incontinence, depression, 
cardioprotection, and glaucoma, said Dr. Richard S. Kent has joined the 
company as president and CEO. Dr. Kent had served as senior vice president of 
global medical affairs and chief medical officer for GlaxoSmithKline. 
Kwen-Jen Chang, who has served as president and CEO since 1996, retains his 
position as chairman and takes on the role of chief scientific officer. Dr. 
Kent, who takes a seat on the board as the ninth director, was introduced to 
Ardent through local industry contacts. He will focus on bringing the firm's 
first product, an intravenous formulation for pain management, through 
clinical trials and to market. The trials will finish in 2004. The company is 
backed by more than $32 million from Bau Dah Investment, Bio World Venture 
Capital, Central Investment Holding Co., China Development Industrial Bank, 
Elan Pharmaceuticals, and PK Venture Capital. 
		http://www.ardentpharma.com
		
		
		 vc fund news 
		?
		MMC Capital Closes Technology Fund II at $250M 
		mail? top
		
		 GREENWICH, Conn. (VENTUREWIRE) -- MMC Capital, a global private equity firm, 
said it closed the MMC Capital Technology Fund II at $250 million on October 
31, 2000. The company, a subsidiary of Marsh & McLennan Companies, manages 
over $2.5 billion in assets. MMC Capital said it waited to announce the fund 
until after its marketing period expired on March 31, 2001. MMC Capital 
Technology Fund II will invest between $5 million and $20 million in the 
second and third stages of technology companies in financial services and 
related industries. MMC Tech II said it plans to invest in a total of 20 
companies and has already invested in four: CashEdge, CyberStarts, InfoGlide, 
and Insurance Technologies. Investors in the fund are insurance companies, 
financial services, and pension funds. Charles A. Davis and Stephen Friedman 
are the senior principals managing the fund. Bruce Ferland, Timothy J. 
Lemmon, and Randall J. Wolf are the remaining principals for the fund. MMC 
Capital Technology Fund I closed in 1999 at $81 million and is fully invested 
in 12 companies. MMC Capital manages three families of funds that invest in 
insurance, software, and communications. 
		http://www.mmccapital.com
		
		
		 vc personnel 
		?
		Royal Bank Capital Partners Adds Two to Energy Fund Team
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Royal Bank Capital Partners, the private equity 
arm of Royal Bank of Canada, said Bruce Rothstein and Ray Sheen have joined 
the Energy Fund as managing director and director, respectively. Mr. 
Rothstein joins the firm from Entech Industries, where he served as executive 
vice president, chief financial officer, and board director. Mr. Sheen had 
served as vice president of the energy group at Deutsche Bank, and as project 
finance director at Union Bank of Switzerland. Paul McDermott, private equity 
fund manager at Royal Bank Capital Partners, said the firm also plans to add 
an associate for the Energy Fund. Three investment professionals currently 
manage the Energy Fund. Mr. Rothstein had been a colleague of Mr. McDermott 
at First Reserve, while Mr. Sheen was introduced to Royal Bank Capital 
Partners by mutual contacts at Deutsche Bank. The $100 million Energy Fund, 
which launched in January, makes investments ranging from $7 million to $15 
million in late-stage private and public companies in the service sector and 
hydrocarbon production sector of the energy industry. The fund will invest in 
10 to 15 companies over the next two to three years. When half of the Energy 
Fund has been committed, expected in 18 months, the firm will look to raise a 
new fund. So far $8 million of the fund has been committed. Royal Bank 
Capital Partners has $800 million under management in six funds.
		http://www.rbcap.com
		
		
		company index
		top
		
		Advantage Capital Partners, Alacra, Alacra, American Fiber Systems, Andes 
Networks, Andes Networks, Ardent Pharmaceuticals, Ardent Pharmaceuticals, 
Arexis, Arexis, Asera, Assentive Solutions, Astrea Systems, Atherotech, 
Atherotech, Availant, Aventail, Bertelsmann, Bertelsmann, BF Goodrich, 
BuildOnline, CableNet International, Cervalis, Commtag, Commtag, CyberBills, 
Digital Media On Demand, E Ink, e-business technology, Enamics, Enanta 
Pharmaceuticals, Enanta Pharmaceuticals, Enanta Pharmaceuticals, Endero, 
Entropia, Eqvitec Partners, eRealty.com, FlipDog.com, FlipDog.com, Fractus, 
Fractus, GetPlugged.com, Iconix Pharmaceuticals, Iconix Pharmaceuticals, 
Improv Systems, Incyte Pharmaceuticals, Incyte Pharmaceuticals, Insight 
Capital Partners, Insight Capital Partners, iScraper, IT Factory, IT 
Provider, Lido Capital, Lumeta, Metavante, Metreo, Mezzia, MidStream 
Technologies, Millennium Technology Ventures, MMC Capital, Model N, myplay, 
myplay, Neurotech, Neurotech, OmniSonics Medical Technologies, OptiGlobe 
Communications, OutTask, PaperExchange.com, PaperExchange.com, Poindexter 
Systems, Polexis, Polexis, Polexis, Quake Technologies, Quake Technologies, 
Remedyne, Remedyne, Rho Ventures, Royal Bank of Canada Capital Partners, 
Seasonticket.com, Sequence Design, SpeedGreetings, SpeedGreetings, Spirian 
Technologies, Spirian Technologies, TMP Worldwide, TMP Worldwide, Tools for 
Health, Toppan Printing, Touchpoint, Upright Software, UsherPro, 
VirtualGiveaway, Whitney & Co., Xtime, Xtime 
		
		
		Time is money and time can be saved through
		effortless, streamlined Web-based enterprise
		services.
		
		As IBM preps to launch Web-based software
		allowing for smoother enterprise-application-
		integration, it will face competition from the
		likes of Hewlett-Packard, Microsoft, Oracle and Sun.
		Which will attract the greatest number of
		developers and customers in the Web-services
		arena?
		
		Hear what Steven Mills, Senior VP & Group
		Executive of IBM Software, has to say about
		IBM's latest at Enterprise Outlook, June 26 & 27.
		
		Register today:http://www.enterpriseoutlook.com/register.asp
		
		
		
		investor index
		top
		
		3i Group, 3i Group, 3i Group, 3i Group, 3i Group, 3i Group, ABN AMRO Private 
Equity, ABN AMRO Private Equity, AGF Innovation, AGF Innovation, Apax 
Partners, Apax Partners, Atlas Venture, Atlas Venture, Banque de Vizille, 
Banque de Vizille, Bowman Capital Management, Bowman Capital Management, CDC 
Innovation, CDC Innovation, Cisco Systems, Cisco Systems, Compass Venture 
Partners, Compass Venture Partners, Dlloyd Investments, Dlloyd Investments, 
Emerging Alliance Fund, Emerging Alliance Fund, GIMV, GIMV, IMH, IMH, 
InnovationsKapital, InnovationsKapital, JF Shea Ventures, JF Shea Ventures, 
Mail2000, Mail2000, Merlin Biosciences, Merlin Biosciences, Mitsubishi, 
Mitsubishi, Mohr Davidow Ventures, Mohr Davidow Ventures, Needham Capital 
Partners, Needham Capital Partners, Rothschild, Unterberg, Towbin Management, 
Rothschild, Unterberg, Towbin Management, SEB Foretagsinvest, SEB 
Foretagsinvest, Silver Young Partners, Silver Young Partners, Sofinnova 
Ventures, Sofinnova Ventures, Sudinnova, Sudinnova, Sutton Ventures Group, 
Sutton Ventures Group, Technology Funding, Technology Funding, Toppan 
Printing, Westdeutsche Landesbank Girozentrale, Westdeutsche Landesbank 
Girozentrale
		
		
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			?