Monthly Archives: May 2003
Pennsylvania Technology Company Receives $2.50 Million; HyperNex, Inc. Closes Second Funding Round
STATE COLLEGE, Pa.–(BUSINESS WIRE)–May 27, 2003–HyperNex, Inc. today announced the completion of a $2.5 million venture capital funding round, led by Draper Triangle Ventures with new investmentsfrom CID Equity Partners and Draper Fisher Jurvetson. Existing investors, Staley Capital Partners and […]
Unveil Technologies Secures $4.5M in Series A Venture Round
WALTHAM, Mass.–(BUSINESS WIRE)–May 27, 2003– Investment by Sevin Rosen Funds and Solstice Capital will Fund Company Growth and Accelerate Time to Market for Speech Self Service Application Software Unveil Technologies, Inc., a provider of enterprise speech self service applications for […]
Metarie-based lending firm expands into four new states
BizCapital, a Metairie-based business and industrial development company that lends capital to small and medium-sized companies, is expanding into Denver, Tampa, Fla., New York and St. Louis. The growth was made possible by a $110 million grant from the federal […]
Software Firm Chases Vital Venture Capital
Edward L. “Ned” Lilly Jr. wants to take OpenMFG LLC, a software company in Norfolk, to the next level. The company has developed software that helps small manufacturers, with revenues under $50 million a year, manage their manufacturing, distribution and […]
Stimulating ICT growth (HL)
THE economic stimulus package announced by Prime Minister Datuk Seri Dr Mahathir Mohamad last week is expected to give a boost to the local information and communications technology (ICT) industry,leading to better growth than previously projected. While there were none […]
Finding tech prospects
IT is no secret that the last three decades have seen the most advances in science and technology in the history of mankind. And it’s the very technology that has revolutionised old industries andcreated new ones. No matter how great […]
Business & Media: MANAGEMENT: Cleaning up on bright ideas: Unilevers venture capital arm invests in exploring the commercial potential of new ideas
IT SEEMED like such an excellent idea. Launched by Unilever four years ago, My Home aimed to promote the consumer giant’s Persil and Cif cleaning brands while introducing a bit of professionalisminto the domestic cleaning and laundry market. ‘It started […]
Cordiant stakes its future on a pounds 50m double sell-off
Cordiant, the troubled advertising group, is ready to announce two vital disposals, the pounds 25m sale of its financial PR business Financial Dynamics and a A$63m (pounds 25.4m) deal for itsAustralian business, George Patterson Bates. The two sales are crucial […]
City prepares lifeboat for life insurers
A GROUP of senior insurance industry executives and venture capital firms are drawing up radical plans to bail out dozens of Britain’s beleaguered life insurers. The consortium is understood to be planning to create a vehicle backed by more than […]
Making capital gain still the venture ; Frank Holmes explains what drives the deal
VENTURE capital is a term used to describe money invested on risk basis. According to Frank Holmes of Cardiff-based Gambit Corporate Finance there are few true venture capitalists in the UK. The word venturer, he believes, has disappeared from the […]
600 biotech capitalists in venture to Capital
EDINBURGH is to host one of the world’s biggest life science investment conferences a year from now, it has been announced. More than 600 top venture capitalists are expected to converge on the city next May when BioEquity Europe comes […]
Kodiak Venture Partners’ Dave Furneaux to Discuss Data Networking Market at TiECON 2003; Furneaux to Share Perspective on Areas of Growth and Opportunity
WAKEFIELD,Mass.–(BUSINESS WIRE)–May 23, 2003–Dave Furneaux, Managing General Partner at Kodiak Venture Partners, will participate in a panel of industry veterans, representing viewpoints from theenterprise, service provider, venture capital, and global research communities, who will share their perspectives on areas of […]