Investing Internet Technology Windows Internet Tech. Two such companies closed significant funding rounds on Monday. Next up was WebCT Inc. , a Peabody, Mass., firm that has created a higher-education hub that provides professors with software tools to add online content to their courses. The company checks campus registration records to ensure that users are college students.
Revenues stem from the markup on the goods and services sold.
But he said the firm would first use its cash to develop infrastructure and bolster its product line, which to date has focused on telecommunications, financial services, books and computer goods. One potential partner is WebCT, a company that's a geezer by Net standards. CEO Carol Vallone founded Universal Learning Technology on the North Shore in 1995, focusing on Web-based teaching software. WebCT also offers free one-semester trial periods. For years the company spread its product largely by word of mouth.