ANDOVER, MA — CMGI, Inc. (Nasdaq: CMGI), a
leading global Internet operating and development company, today announced that its
Board of Directors has reconfirmed its support for @Ventures, the company’s venture
capital affiliate, acknowledging the key role that continued investment in new technologies
plays in CMGI’s larger business model. In recent months, @Ventures has realigned its investment practice to focus on fewer new
investments, with activity concentrated on earlier stage businesses emphasizing enabling
technologies. Recent activity includes four investments in the wireless arena, as well as
others in web-based distributed storage, video compression and search, and advanced
natural language processing. CMGI will provide further detail regarding its commitment to @Ventures on March 13th as
part of the company’s second fiscal quarter operating results.
AUSTIN, TEXAS — BusinessThreads Inc., a leading provider of agile business process
automation technology, today announced the completion of a $6 million round of
financing from a syndicate that includes Techxas Ventures, Castletop Capital,
former Dell Computer CFO Thomas J. Meredith and several other Austin area
REDWOOD CITY, CA — Rentals Inc., the premier provider of rental management software
hosted via the Internet, today announced that it has closed $6.5 million of its “C” round
funding with lead investments from Sequoia Capital and SOFTBANK Venture Capital
(SBVC). Rentals will use this investment to help support and expand product development,
sales and customer service for its user base of more than 5,000 property owners and
The Company also announced the appointment of Todd Baldree as CEO. Baldree
replaces founder Vince Giovannotto, who will remain with Rentals as chairman.
SAN MATEO, CA — Bay View Capital Corporation
today announced the promotion of Matthew L. Carpenter to Chief Operating Officer. In his
new role, Carpenter, 41, will oversee the daily operations of Bay View Capital Corporation.
For yesterday’s complete Wire, click here.