NEEDHAM, MA — SHYM Technology Inc., provider of plug-in
security and trust management solutions for critical business applications, today
announced the completion of its Series C funding, which raised $17.75 million in new
capital for company operations. 3i Technology Partners led the investment, with
participation from previous investors Venrock Associates, North Bridge Venture Partners,
and Canaan Partners. SHYM will use the proceeds to continue investing in product
development, sales, and marketing. SHYM has also named 3i General Partner Allan
Ferguson to its Board of Directors.
NEW YORK — J. & W. Seligman & Co. Incorporated announced
that it has named Edward Rieger as Vice President in the firm’s
institutional marketing group. In that position, he will act as Product
Manager for Seligman’s new Post-Venture Distribution Management service. Mr.
Rieger will report to Rodney Smith, Managing Director, who is responsible
for the firm’s institutional business in the U.S. and offshore.
MADRID & LONDON — Dresdner Kleinwort Capital is pleased to announce its lead-role in a Euro 18 million investment in Cl