WASHINGTON — William E. Kennard, former chairman of the Federal Communications Commission (FCC),
will join The Carlyle Group, one of the leading private equity firms in the world.
Kennard, who was FCC chairman from November 1997 through February 2001, will serve as a managing director of Carlyle’s
global telecommunications and media investing strategy. He assumes his new position May 14th.
Kennard presided over the FCC at a momentous time in the agency’s history. During his tenure, he shaped policies that created
an explosion of new wireless phones, brought the Internet to a majority of American households, and resulted in billions of dollars
of investment in new broadband technologies. At the same time, he implemented bold new policies to bridge the digital divide in
the United States and around the world.
WOODLAND, CA — Captus Networks, the leader in
protecting networks from Denial of Service (DoS) attacks, today announced that it has
raised $16.1 million in second-round funding. The round was co-led by St. Paul Venture
Capital and first round investor GMS Capital Partners with additional participation from new
investor Celerity Partners. Additional funding was provided by several individual investors.
DURHAM, NC — The Aurora Funds Inc., the RTP-area’s leading early
stage venture fund, announced today that it has hired Douglas Gooding to its
permanent staff of investment professionals.
Gooding was most recently employed with Paradigm Genetics (NASDAQ: PDGM), a
publicly traded functional genomics company located in Research Triangle Park.
While at Paradigm Genetics, Gooding was involved in business development
activity, resulting in significant research deals and collaborations and
helped to identify significant strategic growth avenues for the company. Prior
to his work at Paradigm Genetics, Doug worked at Incyte Genomics (NASDAQ:
INCY) and Stratagene Cloning Systems, both leading genomics companies in
California, where he spent five years in research, genomic technology
development, and management roles.
FREMONT, CA — Actelis Networks, the first company to
boost copper performance to fiber-quality speed and reliability, raised $26 million in its
third round of funding, led by Carlyle Venture Partners. Earlier Actelis investors, New
Enterprise Associates, U.S. Venture Partners, Walden International, Global Catalyst
Partners, and Vertex Management were all repeat investors in the series C round.
SAN DIEGO — WEBcard Technologies, Inc. has just completed its
first round of venture capital financing, receiving $500,000 to help the company expand the
market presence for its patented WEBcard CD, WEBcard CD-ROM and WEBcard
DVD products. Financing was provided by Sunrise Ventures, LLC, a venture capital firm which invests in
early stage private companies focused on utilizing the Internet/Intranet infrastructure,
enabling technology, e-commerce, enterprise application software, and service and
content sectors. A member of the San Diego Tech Coast Angels, a private investor group,
provided additional funding.
COSTA MESA, CA — Tickets.com Inc.,
a leading ticketing solutions provider for live events, today announced it has
completed definitive documentation on a $15.0 million, private, preferred
equity financing that is expected to fully fund the company through and beyond
its achievement of cash flow profitability in late 2001. General Atlantic
Partners, LLC and International Capital Partners (ICP), both early investors
in Tickets.com, will provide the $15 million subject to shareholder approval.
ATLANTA, GA — Knowlagent, the software company
that improves customer contact center performance through its integrated
e-Learning platform, announced today that it has closed a $11 million round of
financing led by Blue Chip Venture Company in Cincinnati.
Other investors in the round included Imlay Investments, First Analysis Venture Capital,
Arbor Partners and River Cities Capital Funds. The company will use the $11 million to
support the continued development of new and next-generation products, expand its
international sales efforts and more efficiently service its customer base.
DUBLIN, CA — Sanrise Group Inc., and its subsidiaries,
a privately held global managed storage service provider, announced today that it has
successfully completed the second closing of its Series B equity round in the total amount
of $115 million. This substantial round positions sanrise as a dominant force in the
managed data storage arena, and brings the total amount of equity, debt and lease
facilities issued, raised and committed to $203 million since the company’s inception in
May of 2000. The Series B investors include: ACON Venture Partners, a Texas Pacific Group affiliate;
Comdisco Ventures, a division of Comdisco, Inc. (NYSE:CDO); Crosspoint Venture
Partners; Exodus Communications, Inc. (Nasdaq:EXDS); GATX Ventures, Inc., a subsidiary
of GATX Corporation (NYSE:GMT); Global Innovation Partners; Greenbridge Partners LLC;
The Greenspun Corporation; Hitachi Data Systems Corporation, Hitachi Ltd. (NYSE:HIT);
Lighthouse Capital Partners; Morgan Keegan (NYSE:MOR); Morgan Stanley Dean Witter
Equity Funding, an affiliate of Morgan Stanley Dean Witter (NYSE:MWD); Oasis Ventures;
and VERITAS Software Corporation (Nasdaq:VRTS).
ARLINGTON, VA — Emtera Corporation, a leading provider of mobile Customer
Relationship Management (mCRM) solutions for the retail industry, announced today that it
has successfully completed its initial financing.
Emtera obtained $1.2 million dollars from Avisent, an early-stage
investment vehicle founded by General Atlantic Partners, which focuses exclusively on
investing in information-technology, Internet and telecommunications businesses globally
and at all stages of the development.
NEW YORK — CertCo Inc., a leading provider of risk management and security solutions for B2B e-commerce, today announced that it secured $20 million in financing from strategic partners and
venture capital investors.
Participants in the financing include original investors Deutsche AG and Four Partners, an entity of the Tisch Family Interests, as well as new investors Bank One, and Cazenove Private
Equity, a division of Cazenove & Co. Ltd., one of the UK’s leading independent investment banks. The company also appointed the following new members to its board of directors: Thomas
Steinberg, president, Tisch Family Interests; Donald Rice, partner, Ravitch, Rice & Co., LLC; and Tyree Miller, executive vice president, head of treasury management, Bank One.
CertCo will use its new financing for working capital, an aggressive customer acquisition campaign and the further expansion of its suite of transaction risk management and PKI-based
security technology solutions. In a separate press release today, CertCo also announced stepped-up plans to target the European B2B e-commerce sector with the establishment of a London
office, to be headed up by Managing Director Susan Codrington.
SAN FRANCISCO — Progress-Putnam Lovell Advisors LLC today announced its fifth investment under the California Public Employees’ Retirement
System Manager Development Program (CalPERS MDP). The firm is investing more than $2 million in Denali Advisors LLC, a San Diego based Native-American-owned firm specializing in
a quantitative value-oriented equity investment strategy. Progress-Putnam Lovell Advisors has also agreed to allocate to Denali $100 million in assets to manage in a US Equity portfolio.
Progress-Putnam Lovell Advisors LLC is a joint venture between Progress Investment Management Company, one of the country’s leading multi-manager investment management
specialists and a member of the Liberty Financial Companies, Inc. (NYSE: L) family of companies, and Putnam Lovell Capital Partners Inc., the private capital affiliate of investment bank
Putnam Lovell Securities Inc.
Denali was formed by Robert Snigaroff, former Chief Investment Officer at the San Diego County Employees’ Retirement Association (“SDCERA”). SDCERA is also a client of the
Company. Mr. Snigaroff, who is a Native American (Aleut tribe), will serve as both President and Chief Investment Officer of the Company. Snigaroff is a former employee of the Alaska
NEW YORK – A new economic impact study conducted by WEFA and released today by the National Venture Capital Association (NVCA) revealed that 4.3 million new jobs were created by US companies originally backed by venture capital. Those companies generated $736 billion in revenues in the year 2000. According to the study, venture capital-backed companies represented 3.3% of the nation