?	
?	
	Thursday, June 07, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		
		today: 672.7 ? -0.94%	?
? 		
		
		top stories
		
		  FreeMarkets and Adexa Walk Away from $340M Acquistion Deal
		  inVentures Merges With Staffing Firm Redwood Partners
		  Design Chain Firm ChipData Seals $23M in Second Round 
		 Crosspoint's Lisbonne Joins Matrix Partners
		 
		
		TODAY'S FEATURES 
		Mohr Davidow Goes Back To School For Good Deal Flow 
		By Amanda Briggs
		With the market in a slump, one the most difficult tasks facing today's 
early-stage investors is cultivating high-quality deal flow. more>>
		UPCOMING EVENTS
		July 31: New York City
		
		Over $750 million has been invested in private equity deals in the financial 
services sector (source: VentureWire). Despite all this activity, the 
e-finance landscape is still largely undefined. Financial Services Outlook 
will help define the future.  Register before June 19 and SAVE $100! 
		
		
		This year to date, over $750 million has been
		invested in private equity deals in the financial
		services sector (source: VentureWire). In this age
		of liquidation preference provisions and
		retroactive repricings, that's a strong
		performance. Financial Services Outlook allows
		you a unique insight into where the investment strength
		in this market lies, and which private companies are leading
		the strongest sectors of the financial technology
		and solutions market.
		
		Register before June 19 and SAVE 
$100:http://www.financialservicesoutlook.com/register.asp
		
		
		
		
		
		
		new money
		
		  Business Accelerator Blue Slate Gets First-Round Funds
		  Corus Pharma Caps Series A at $18.5 Million
		  Decision Management International Caps $14M Series A
		  Idesta Secures $8.5 Million in First Round 
		 Blackstone Technology Takes $12.6M Series B, Names New CEO
		  Eye Wear Tech Firm Micro-Optics Sees $4.5M from CDP
		  ThruPoint Hauls in $31 Million Series E
		  U.K. Teen Girls Site Mykindaplace Closes Second Round
		  DevelopOnline Gets $11 Million in Round Two
		  Mobile App Software Firm 3G Lab Gets $4.2 M in Round Two
		  SG Cowen Invests in TelOptica, Brings Series B to $15.2M
		  Cryptic Clue Raises Nearly $500,000 from 2M Invest
		  iManageProperty Raises $500,000 in Bridge Funding
		  Genicon Sciences Gets Additional $5 M to Close Series D 
		 NextSet Lands Funding from Sabre 
		 Advantage3D Scores $100K in Debt and Warrants 
		
		
		bad news
		
		  Intransit Networks Closes Seattle Office and CEO Resigns
		  Music.com Shuts Down, Plans to Sell Assets to Pay Investors 
		 Software Firm Notara Cuts 9% of Staff
		  Mobile App Firm Wapit Files for Bankruptcy
		
		
		new deals
		
		  i-drive Puts the Brakes on Free Storage Services
		  Mitsubishi Invests in GlobalEnglish
		
		
		new products
		
		  Materials Product Incubator Triton Spins Off Three Companies
		
		
		m&a
		
		  iMedeon Looks To Grow Through Acquisitions
		  Medical Hubs Developer Salu Buys Tech Assets of ScanRx
		  Online Mortgage Firm ClosingGuard Acquires MBH Settlement 
		 Platinum Equity to Buy McKessonHBOC Product Groups
		  DVC Worldwide Buys Strategic Marketing Firm Media Designs
		  Investment News Firm HedgeWorld Acquires HedgeCall
		  The Manugistics Group to Buy Some of SpaceWorks' Assets 
		 Universal Domains Acquires Cavio
		
		
		new directors
		
		  AT&T Wireless CTO Joins Tropian Board as Outside Director
		  Akara Appoints Unisphere Networks' CEO to Board
		
		
		new people
		
		  PhoneFree Names New Pres. as it Shifts Focus and Cuts Staff
		  Nationtax Online Taps Bankrate Chief as President and CEO
		  Wireless Software Firm BlueKite.com Names New Pres & CEO
		
		
		vc fund news
		
		  nCoTec Has $38.2 M First Closing of Its First Fund
		
		
		vc personnel
		
		  VC Firm Whitney Loses Managing Director 
		
		
		vw corrections
		
		  Gazoo
		
		 TOP STORIES... NEW MONEY... BAD NEWS... NEW DEALS... NEW PRODUCTS... M&A... 
NEW DIRECTORS... NEW PEOPLE... VC FUND NEWS... VC PERSONNEL... VW CORRECTIONS
		
		
		
		
		
		
		Enterprise Outlook: June 26 & 27
		
		Real-time business collaboration: Much has been said
		and written about new applications and network architectures
		that facilitate collaboration. But what are the real benefits
		of employing these solutions? Which approaches will likely
		endure? And which are most cost effective?
		
		We'll help you cut through the hype at Enterprise Outlook,
		Technologic Partners' annual event in San Francisco.
		
		Register to reserve your place:http://enterpriseoutlook.com/
		
		
		
		 top stories 
		?
		FreeMarkets and Adexa Walk Away from $340M Acquistion Deal
		 ? 
		
		 PITTSBURGH (VENTUREWIRE) -- FreeMarkets, a publicly traded 
business-to-business marketplace, and Adexa, a provider of collaborative 
commerce services for e-business, said they have agreed to terminate their 
acquisition agreement, citing the slowing economy, market conditions, and the 
delays in obtaining SEC approval. In February the companies announced 
Freemarkets would acquire Adexa for $340 million in stock. FreeMarkets said 
it will now take a 3% equity stake in Adexa for $6 million, and enter into a 
non-exclusive strategic relationship under which the companies will 
cross-sell each other's services. In a written statement, Adexa president and 
CEO, K. Cyrus Hadavi said, "Both companies felt that under current market 
conditions, the proposed deal did not make as much sense as originally 
anticipated." Adexa has received funding from Amerindo Investment Advisors, 
DRW Venture Partners, Information Technology, J. & W. Seligman, Sutter Hill 
Ventures, and Vitria Technology. 
		http://www.adexa.com
		http://www.freemarkets.com
		
		
		inVentures Merges With Staffing Firm Redwood Partners
		 ? 
		
		 SAN FRANCISCO (VENTUREWIRE) -- inVentures, a venture capital firm with 
offices in Europe, and Redwood Partners, an executive staffing firm based in 
the U.S., have merged to form a new venture firm called Redwood Partners 
International (RPI). The new firm is raising a new fund of $100 million. 
According to Veijo Huusko, vice president of RPI's Stockholm wireless 
division, the merger between the firms took place about three weeks ago. The 
new firm, which has offices in New York, London, Chicago, Los Angeles, and 
Stockholm, will offer executive search, management consulting, and investment 
and advisory services as well as venture capital financing to startups in 
such areas as wireless communications. The firm is also opening an office in 
the San Francisco area, Mr. Huusko said. Mr. Huusko also said the firm is 
raising a new venture fund on the order of $100 million. The fund is expected 
to close by the end of the year, with the initial closing taking place around 
September. inVentures has traditionally invested in early-stage companies in 
the business-to-business and wireless applications spaces.
		http://www.redwoodpartners.com
		
		
		Design Chain Firm ChipData Seals $23M in Second Round 
		? 
		
		 RICHARDSON, Texas (VENTUREWIRE) -- ChipData, which develops electronic 
design automation software, said it closed its second round at $23 million 
with funding from Trinity Ventures, EDS Ventures, CenterPoint Ventures, 
InterWest Partners, and Sevin Rosen Funds. New investor Trinity led the 
round. EDS was also a new investor. ChipData said it has a post-money 
valuation greater than $50 million and investors now hold more than a 50% 
equity stake in the company. The company, which said it had a monthly burn 
rate of $800,000, expects to be profitable in the next 18 to 24 months. The 
funding is expected to last a quarter beyond targeted profitability. Noel 
Fenton of Trinity is taking a seat on ChipData's board of directors, which 
now has seven members. ChipData said the new funding would be used for 
working capital, increasing its staff from 90 to 150 by the end of the year, 
and for developing additional applications for its current product line. The 
company also said it will open an office in Tokyo by the end of the year and 
was also considering creating a new Japanese business entity. ChipData also 
said it has signed business alliances with Cadence, Tibco, Mentor Graphics, 
and Nissei Sanyo, among others. In April 2000, ChipData raised $10 million in 
first-round funding from CenterPoint Ventures, InterWest, and Sevin Rosen. 
		http://www.chipdata.com
		
		
		Crosspoint's Lisbonne Joins Matrix Partners
		 ? 
		
		 MENLO PARK, Calif. (VENTUREWIRE) -- Matrix Partners, a venture capital firm, 
said it named Bob Lisbonne as a general partner. Mr. Lisbonne, a partner with 
Crosspoint Venture Partners since 1999, will join Matrix later this month. 
Last November, Crosspoint Venture Partners said it postponed its ninth fund, 
which had commitments totaling over $1 billion, citing market conditions. At 
the time, Crosspoint said it had enough money in its $854 million 2000 fund 
to finance a few new companies, but would mainly focus on bringing its 
existing portfolio companies to profitability. Earlier this week, VentureWire 
reported that Matrix has closed its seventh fund with $1 billion. Mr. 
Lisbonne will work on the new fund, concentrating on e-business software. 
Matrix portfolio companies include Blue Martini Software, Sonus Networks, and 
Sycamore Networks. Prior to joining Crosspoint, Mr. Lisbonne served as senior 
vice president and general manager of browser products at Netscape. Matrix 
Partners, founded in 1977 with a headquarters in Boston, focuses on software, 
networking equipment, semiconductor, computing, storage, and Internet 
sectors, with emphasis on e-commerce, e-business services, and communications 
infrastructure.
		http://www.matrixpartners.com
		
		
		 new money 
		?
		Business Accelerator Blue Slate Gets First-Round Funds
		 ? 
		
		 ALBANY, N.Y. (VENTUREWIRE) -- Blue Slate Solutions, a provider of business 
strategy and technology consulting services, said it received an undisclosed 
amount of first-round funding from Exponential, which provides venture 
capital funding for businesses in upstate New York. Unnamed individuals also 
participated. The company said it plans to use the new capital for product 
development and general expansion. With this round, Blue Slate Solutions has 
granted one seat on five-member board to Exponential. Blue Slate Solutions 
was founded in June 2000 by David Wood, a managing director with First Albany 
Enterprise Funding; Joe Raiti, director of technology of Integrated Partners; 
and Richard Barnett, who was a director of finance for General Electric. 
Prior to this round, the company was backed by individuals. 
		http://www.blueslate.net
		
		
		Corus Pharma Caps Series A at $18.5 Million
		 ? 
		
		 SEATTLE (VENTUREWIRE) -- Corus Pharma, a pharmaceutical development company 
that focuses on respiratory and infectious diseases, said it closed its 
Series A at $18.5 million with funding from Burrill & Co., Cascade 
Investment, J.P. Morgan Partners, and OrbiMed Advisors. The company said 
funding from the round, which was led by Burrill & Co., will be used for 
clinical trials, infrastructure, and identifying and licensing new 
pharmaceutical development candidates. Corus named three new board members, 
bringing the total to six with one open seat. The new board members are Rod 
Ferguson, general partner at J.P. Morgan Partners; John Kim, managing 
director of Burrill & Co.; and Sam Wertheimer, senior analyst at OrbiMed 
Advisors. Bruce Montgomery, the company's co-founder, president, and CEO, 
said the company was valued at $20 million pre-money and expects the new 
funding to sustain the company for the next two years. He expects the company 
to grow from eight full-time employees to 25 by the end of the year, 
including a CFO and a vice president of research and development. Prior to 
founding Corus, Mr. Montgomery worked at PathoGenesis, where he was an 
executive vice president of research and development. Digital Coast Partners, 
an investment bank, advised Corus for this round of funding. Corus was 
founded on January 1, 2001 and held an internal seed round prior to raising 
this Series A.
		http://www.coruspharma.com
		
		
		Decision Management International Caps $14M Series A
		 ? 
		
		 BRADENTON, Fla. (VENTUREWIRE) -- Decision Management International (DMI), 
which produces software and provides consulting services for pharmaceutical 
and biotech companies, said it raised $14 million in its Series A from 
MedEquity Investors and Halpern Denny & Co. MedEquity led the round that will 
allow DMI to increase its sales and marketing staff and to expand its reach 
overseas. The company currently employs 60 people and foresees over 100 
people working for the company within the next year. The company would not 
disclose what its valuation was for this round and would only say it expects 
to generate eight-figure revenues this year. The board has increased to five 
members with the addition of two new directors -- Peter R. Gates, managing 
director of MedEquity, and George P. Denny III, partner of Halpern, Denny, & 
Co. Founded in January 1994 as a consulting firm, the company began 
developing its own software and is now developing software designed to enable 
pharmaceutical, biotech, and medical device companies to communicate more 
efficiently during the manufacturing process. Technology-focused investment 
banking firm Hyde Park Capital Advisors in Tampa, Fla. advised DMI. 
		http://www.dmius.com
		
		
		Idesta Secures $8.5 Million in First Round 
		? 
		
		 GLASGOW, Scotland (VENTUREWIRE) -- Idesta, a developer of mobile enterprise 
applications, said it closed its first round at EUR 10 million ($8.5 million) 
with funding from nCoTec, NPM-Capital, and TTP Ventures. George MacRitchie of 
nCoTec -- which led the round with $3.4 million -- joined Idesta's board of 
directors bringing its total to seven. A representative from NPM or TTP may 
also join the board. Outside investors now hold a 38% equity stake in the 
company. Idesta has a post-money valuation of $23.7 million. This is nCoTec's 
first investment since the first closing of its fund last week. Idesta said 
it will use the funding for expansion into Northwest Europe and the Middle 
East. The company also plans on moving its headquarters from Glasgow to 
Marktrect, Netherlands, and increasing the number of employees from 95 to 130 
by the end of the year. Idesta was formed in June 2000 out of the merger 
between FGS Computer Systems of the U.K. and Hi-Spex of the Netherlands.
		http://www.idesta.com
		
		
		Blackstone Technology Takes $12.6M Series B, Names New CEO
		 ? 
		
		 WORCESTER, Mass. (VENTUREWIRE) -- Blackstone Technology Group, which 
provides high-throughput computing software and services, announced it has 
closed $12.6 million in Series B funding. Ampersand Ventures, Garfly Invest, 
Itochu International, Molehill Ventures, Softbank Investment, and Synopsys 
participated in the round. The company also said it named Brian Ritchie as 
president and CEO. Mr. Ritchie succeeds founder Ron Ranauro, who remains with 
the company as vice president of business development. Mr. Ritchie formerly 
served as president and CEO at Auspice, an infrastructure automation service 
provider. The round was led by Ampersand. All participants in the round were 
new investors except for Molehill Ventures. As a result of the round, Richard 
Charpie, managing partner, and David Parker, general partner, of Ampersand 
will join the board. Also holding seats on the board are Brad Elmblad of 
Molehill; Mr. Ritchie; and Blackstone founder, Ron Ranavro. A sixth seat has 
been reserved for an outside director. Hill and Barlow provided legal counsel 
for the company. Series B funds will carry the company for at least the next 
12 months, said Mr. Ritchie. The company may raise another round before it 
breaks even, anticipated within 24 months. Mr. Ritchie declined to comment on 
company valuation. He said the funds will be used for developing new software 
for infrastructure management and optimization, expected to go to market in 
September. The company plans to add between five and ten new positions to its 
staff of 40 by the end of the year, mostly in research, development, sales 
and marketing. To date, Blackstone has received $16.1 million in equity 
financing.
		http://www.computefarm.com
		
		
		Eye Wear Tech Firm Micro-Optics Sees $4.5M from CDP
		 ? 
		
		 MONCTON, New Brunswick (VENTUREWIRE) -- Micro-Optics Design, which develops 
technology for manufacturing eyeglass prescriptions, said it received $4.5 
million in its second round of venture funding from ACF Equity Atlantic, BDC 
Venture Capital of the Business Development Bank of Canada, CDP Acces Capital 
Acadie, and CDP Sofinov. All the investors invested in the company 
previously. CDP Sofinov and CDP Acces Capital Acadie, both subsidiaries of 
Caisse de depot et placement du Quebec, invested $2.5 million in this round 
following a $3.5-million first round investment in May 2000. Micro-Optics 
said it will use the funding as working capital and to increase its 
105-person staff by 35 within a year. The company also said it was 
considering opening a new office in the U.S. in addition to its Carson, Nev. 
branch. Micro-Optics, founded in 1995, also said it was targeting a new round 
under $10 million to close by the end of this year with participation from 
American venture capital firms. 
		http://www.micro-optics.com
		
		
		ThruPoint Hauls in $31 Million Series E
		 ? 
		
		 NEW YORK (VENTUREWIRE) -- ThruPoint, a network architecture consulting firm, 
said it has closed on $31 million in fourth-round funding. Investments came 
from Banc of America Securities, Morgan Stanley Venture Partners, ORIX USA 
merchant banking division,  and TIAA-CREF. There was no designated lead 
investor, a ThruPoint spokesperson said. Morgan Stanley Venture Partners was 
the only previous investor to participate in this round. Prior investors 
Cisco Systems and KPMG did not reinvest. No board appointments resulted from 
the round. Funds from the round will be used for expansion into nine new 
cities in Europe, product development, and working capital. ThruPoint took in 
$68.3 million in net sales for 2000 and $22.4 million in the first quarter of 
2001. The company has raised a total of $75 million.
		http://www.thrupoint.net
		
		
		U.K. Teen Girls Site Mykindaplace Closes Second Round
		 ? 
		
		 LONDON (VENTUREWIRE) -- Mykindaplace.com, a London-based Web site for 
teenage girls, said it closed its second round of funding with an undisclosed 
amount from BskyB and Eurovestech. Both firms were previous investors. 
Mykindaplace raised approximately $3 million in its first round of funding 
and less that that this round, which was an up round, according to Richard 
Bernstein, CEO of Eurovestech. Mykindaplace, which has also received funding 
from Freeserve, recently purchased the assets of defunct competitor Wowgo. 
The company said it plans to reach profitability by this September. 
		http://www.mykindaplace.com
		
		
		DevelopOnline Gets $11 Million in Round Two
		 ? 
		
		 TEMPE, Ariz. (VENTUREWIRE) -- DevelopOnline, a provider of a Web-based 
platform for collaborative electronic product development, said that it 
received $11 million in a second round of financing from Avnet, Carlyle 
Venture Partners, and 3i. Carlyle Venture Partners and 3i, both previous 
investors, co-led the financing. This was a down round, though DevelopOnline 
did not disclose the valuation. The company said it expects the funds to last 
until an unspecified "liquidity event" and is not anticipating raising any 
future rounds of venture capital. With this round, Avnet was granted a seat 
on the company's five-member board of directors, which already includes 
members of Carlyle Venture Partners and 3i. Prior to this round, the company 
raised $15.3 million in one round from Carlyle Venture Partners, 3i, and 
unnamed individuals. 
		http://www.developonline.com
		
		
		Mobile App Software Firm 3G Lab Gets $4.2 M in Round Two
		 ? 
		
		 CAMBRIDGE, England (VENTUREWIRE) -- 3G Lab, a developer of software for 
mobile networks and devices, said it received GBP 3 million ($4.2 million) in 
second-round funding from 3i. CEO Stephen Ives said this was an up round, 
giving the company a post-money valuation of $20.9 million. Mr. Ives said he 
expects the funds to last 12 to 18 months. The company said it will use the 
new funds to develop custom software for network operators as well as for 
research and development. In April 2000, 3G Lab received $2.8 million in 
initial financing from 3i. 
		http://www.3glab.com
		
		
		SG Cowen Invests in TelOptica, Brings Series B to $15.2M
		 ? 
		
		 RICHARDSON, Texas (VENTUREWIRE) -- TelOptica, a provider of optical networks 
software and services, announced it has received $2 million from SG Cowen 
Ventures Fund I as part of its Series B round. The new investment brings the 
round to close at $15.2 million. The company has a post-money valuation of 
$41.2 million. New investor SG Cowen gains an observer seat on the board. The 
round was led by Trellis Partners, and also included Austin Ventures, 
CenterPoint Venture Partners, and SSM Ventures. Series B funds will be used 
for product development, marketing, and adding three people to the sales 
team, including a VP of sales. Keeping the burn rate steady at $800,000 per 
month, CEO Michael Bernique said the company expects between $2.5 million and 
$3 million in revenues for 2001, up from under $1 million the year before. 
TelOptica expects to become profitable at the beginning of 2003, he said. 
Brobeck Phleger & Harrison provided legal counsel and Imperial Bank advised 
TelOptica in the round. TelOptica has raised more than $21 million to date.
		http://www.teloptica.com
		
		
		Cryptic Clue Raises Nearly $500,000 from 2M Invest
		 ? 
		
		 COPENHAGEN, Denmark (VENTUREWIRE) -- Cryptic Clue, an encryption technology 
firm that has developed a mathematical algorithm for digital security and 
protection of companies and individuals, announced it has secured DKK 4 
million ($456,376) from 2M Invest. In return for the investment, 2M Invest 
will receive a 30% ownership interest in Cryptic Clue. In addition, Henrik 
Faarup, investment director at 2M Invest, will become chairman of Cryptic's 
board of directors. 
		http://www.crypticclue.com
		
		
		iManageProperty Raises $500,000 in Bridge Funding
		 ? 
		
		 BERKELEY, Calif. (VENTUREWIRE) -- iManageProperty, a developer of 
property-management software for commercial and residential real-estate 
industries, said it secured approximately $500,000 in bridge financing from 
individual investors. iManageProperty is also raising a Series A round for 
approximately $5 million, targeted to close within 60 days. The company said 
the financing would be used as working capital and to expand its 15-person 
staff. iManageProperty also recently signed two privately held property 
management firms as clients. The company was founded in 1994 and is currently 
breaking even. Alterity Partners is acting as the placement agent for 
iManageProperty. 
		http://www.imanageproperty.com
		
		
		Genicon Sciences Gets Additional $5 M to Close Series D 
		? 
		
		 SAN DIEGO (VENTUREWIRE) -- Genicon Sciences, a developer of technology for 
the analysis of biological interactions in genomic and proteomic research, 
said it received $5 million in additional Series D funding from TVM Life 
Science Ventures and IngleWood Ventures. The new funding brings the company's 
Series D to $32 million.At its initial Series D close in May, the company had 
a post-money valuation of $55 million, an up round. The financing was led by 
new investor Audax Ventures, with participation from other new investors 
CMEA, GIMV, and Radius Ventures. Also contributing were previous investors 
Forward Ventures, Oxford Bioscience, and Utah Ventures. The company said it 
plans to use the new funding to continue developing its flagship 
resonance-light-scattering technology for use during the drug discovery 
research and development process. With this investment there were no 
appointments to the company's seven-member board of directors, which includes 
John Maki of Audax Ventures, Christine Cordaro of CMEA, Ned Olivier of Oxford 
Bioscience, Jeff Sollender of Forward Ventures, and Allan Wolfe of Utah 
Ventures.
		http://www.geniconsciences.com
		
		
		NextSet Lands Funding from Sabre 
		? 
		
		 PALO ALTO, Calif. (VENTUREWIRE) -- NextSet Software, a provider of business 
exchange automation applications, said it has received an undisclosed amount 
of equity financing from Sabre, a publicly traded travel technology firm. No 
other financial details were disclosed. NextSet also said it has formed a 
strategic alliance with Sabre. The two companies have entered into a 
co-marketing agreement and Sabre will also license some of NextSet 
infrastructure products. NextSet has raised $28 million in two rounds of 
funding from Integral Capital Partners and individual investors. 
		http://www.nextset.com
		
		
		Advantage3D Scores $100K in Debt and Warrants 
		? 
		
		 PHILADELPHIA (VENTUREWIRE) -- Advantage3D, which provides digital imaging 
software, announced it has raised $100,000 in debt and warrants  from the Ben 
Franklin Technology partners. The company said the funds will be used for 
developing its imaging software that will go to market in the third quarter. 
The round should carry the company for nine months, said CEO Marcos 
Salganicoff. The company is also raising $3 million in Series A funding, 
expected to close within three months. 
		http://www.advantage3d.com
		
		
		 bad news 
		?
		Intransit Networks Closes Seattle Office and CEO Resigns
		 ? 
		
		 SEATTLE (VENTUREWIRE) -- Intransit Networks, a wireless asset tracking and 
inventory control company, closed its Seattle office and co-founder, 
president, and CEO, Carl O. Peterson has resigned his posts. The company also 
said it will consolidate operations in its Alpharetta, Ga. office and limit 
activities to producing a prototype asset tracking system for demonstration 
purposes. Mr. Peterson has left the firm but he remains one of three members 
of the board of directors. Vice president of engineering Bob Twitchel, also a 
director, will oversee development of the prototype system, and will report 
to the board, which also includes investor Mark Spangler. Most recently, 
Intransit laid off four full-time employees in its Seattle office, bringing 
total layoffs in the area to 12 people. The company recently opened its 
Alpharetta office, which has one employee, Mr. Twitchel. Mr. Peterson cited 
his disagreement with the direction of the company and the need to reduce 
costs as his reasons for leaving. He said he is currently in the market for a 
new job in the Seattle area. The company gave more than 50 presentations 
since January to potential investors, primarily in the Silicon Valley area, 
but failed to close its Series A targeted at $4 million. Founded in August 
2000, the company raised $800,000 from Spangler Ventures and Whalen & Gratney.
		http://www.intransitnetworks.com
		
		
		Music.com Shuts Down, Plans to Sell Assets to Pay Investors 
		? 
		
		 NEW YORK (VENTUREWIRE) -- Music.com, a Web site for music industry 
professionals, artists, and consumers, has shut down, according to chairman, 
president, and CEO Philippe Bellosguardo. Mr. Bellosguardo said the 12 
employees who remained with  the company after it downsized in February were 
let go last Friday after all other options failed. One investor in the 
company blamed the music site's woes on the downturn in the U.S. private 
equity market, saying that the company had been "severely affected." Now, Mr. 
Bellosguardo is looking to sell the company's remaining assets, particularly 
its URL, to pay off investors. He would not comment on whether he had 
received any offers from prospective buyers. Music.com raised $10 million 
from Philippines-based iAyala, a wholly owned subsidiary of Ayala; Citicorp 
Capital Asia; Berjaya Group, a Malaysian company; and Music Corp., which 
owned 16% of the company. Mr. Bellosguardo said Music Corp. is providing 
$300,000 in financing toward expenses related to the sale of the assets. 
		http://www.music.com
		
		
		Software Firm Notara Cuts 9% of Staff
		 ? 
		
		 NEW YORK (VENTUREWIRE) -- Notara, a developer of Web-application software, 
said it laid off approximately ten employees, roughly 9% of its staff, in 
order to reduce its burn rate. "They were all positions within the company 
that could be eliminated," said a company spokesperson. "We didn't lose any 
functionality." The spokesperson said rumors that the company's Stratford, 
Conn. office has closed were not true, but the company is considering 
consolidating the Connecticut office and its employees into the New York 
office. She said most of the cuts affected the company's New York office. 
Notara has received funding from Hummer Winbald Venture Partners, RRE 
Ventures, Bessemer Venture Partners, Nassau Capital, Sumitomo, and the 
U.K.-based Protege Group.
		http://www.notara.com
		
		
		Mobile App Firm Wapit Files for Bankruptcy
		 ? 
		
		 HELSINKI, Finland (VENTUREWIRE) -- Wapit, which provides mobile operators 
and media companies with mobile technology, middleware, and applications, 
announced it was unable to secure a second round of funding, and is filing 
for bankruptcy. In a statement announcing its decision to shut down, Wapit 
said that it had "pursued several paths of negotiation in order to continue 
operations," however all attempts proved unsuccessful. Last year, Wapit 
secured about $2 million in financing from British investment bank Durlacher, 
which also served as the adviser in the unsuccessful second round. 
		http://www.wapit.com
		
		
		 new deals 
		?
		i-drive Puts the Brakes on Free Storage Services
		 ? 
		
		 SAN FRANCISCO (VENTUREWIRE) -- i-drive, which provides enhanced storage 
products and services to communication service providers, announced it will 
discontinue its free storage service for individual consumers effective June 
18, and will focus more on its growing software business. Arif Janjua, who 
replaced founder Tim Craycroft as CEO last month, said i-drive has referred 
its users to Xdrive Technologies, another company that offers 
subscription-based online storage service for individuals. In return, Xdrive 
will pay i-drive an undisclosed amount, said Mr. Janjua. He said the change 
in focus will not result in any layoffs and that employees who previously 
managed operations of the storage site will be repositioned to provide 
professional services to other storage consumer sites. Late last year, 
i-drive cut its workforce, which once stood at about 120, to about 50 
employees. The company said the restructuring, which occurred before Mr. 
Janjua came on board, has put i-drive in a better position to raise another 
round of funding and will speed up its plan to reach profitability by the end 
of next year. Mr. Janjua said i-drive is looking to raise over $10 million in 
its next funding round; the company has raised more than $30 million  to 
date. The company's backers include Draper Fisher Jurvetson, Global Retail 
Partners, Hikari, Information Technology Ventures, Partners Group of 
Switzerland, and ZDNet. Strategic investors include Philips and EMC. 
		http://www.i-drive.com
		
		
		Mitsubishi Invests in GlobalEnglish
		 ? 
		
		 SOUTH SAN FRANCISCO, Calif. (VENTUREWIRE) -- GlobalEnglish, which provides 
online English language learning programs, said Mitsubishi invested in the 
company through its private equity investment subsidiary, MIC Capital. Terms 
of the deal were not disclosed. Mitsubishi currently uses GlobalEnglish's 
corporate learning service to train its employees. It also sells the same 
product through its subsidiary, Human Link, in Japan. Mitsubishi will not 
take a seat on the board as a result of this investment. Fred Grainger serves 
as president and CEO for GlobalEnglish, which was founded in 1997. Investors 
in the company include The Investment Group of Santa Barbara, Mayfield Fund, 
and SPO Partners & Co. 
		http://www.globalenglish.com
		
		
		 new products 
		?
		Materials Product Incubator Triton Spins Off Three Companies
		 ? 
		
		 CHELMSFORD, Mass. (VENTUREWIRE) -- Triton Systems, a materials-based product 
incubator, announced it has spun off three new companies with a first round 
of equity financing: Elecon, which manufactures  conductive polymers for the 
electronics marketplace; Tribond, a developer of temperature-controlled 
sealing technology; and Sensera, which provides real-time electronic 
biosensors. Millennium Materials Fund and Triton provided $4.5 million for 
Elecon, $3.5 million for Tribond, and $1.75 million for Sensera. Millenium 
led all the investments. In its $4.5 million first round, Elecon received $2 
million from Millenium and the balance from Triton. Post-money, the company 
was valued between $15 million to $18 million, said Ross Haghighat, CEO and 
chairman of Triton and the new spin-offs. Zwi Vromen of Millenium joins the 
Elecon board, which currently has five directors. With a burn rate of under 
$250,000 per month and the expectation that it will grow from 12 to nearly 30 
employees by the end of the year, Elecon will raise a second round from 
venture capital and strategic investors early this fall. Mr. Haghighat 
expects $5 million to $7 million in revenues in 2002, with profitability at 
the end of 2002. Of Tribond's $3.5-million round, $1 million came from 
Millenium and the rest from Triton. Post-money valuation for the company, 
which provides plastic welding technology for the biomedical and food 
packaging sectors, is $12 million. New money will be used for product 
development and the hiring of 13 employees. With a burn rate of $150,000 per 
month, the company expects more than $5 million in revenues for 2002, and 
profitability at the end of that year. The company will raise between $10 
million and $12 million in a second round of funding in the fall, targeting 
post-money valuation of nearly $40 million. Sensera, which develops 
biosensors for the pharmaceuticals industry, is valued at $8.5 million after 
the first round. Millenium contributed $1 million to the round. The company 
said it will use the new funds to develop a fully integrated sensor and to 
develop a sensor array. Sensera will seek more than $5 million in a second 
round early in 2002, and expects approximately $25 million in post-money 
valuation.
		http://www.tritonsystems.com
		
		
		 m&a 
		?
		iMedeon Looks To Grow Through Acquisitions
		 ? 
		
		 SAN FRANCISCO (VENTUREWIRE) -- iMedeon, an Alpharetta, Ga.-based mobile 
technology company, is preparing to make a number of acquisitions, a company 
executive told VentureWire. Speaking Tuesday at the Technologic Partners' 
Mobile Outlook conference in San Francisco (Technologic publishes 
VentureWire), iMedeon chairman and CEO, Lawrence D. Duckworth, said the 
company is raising Series C funds that will be used in part to expand the 
company aggressively through acquisitions. While Mr. Duckworth did not 
comment specifically on the amount of money to be raised in the round, he 
said iMedeon is targeting companies that will help "round out" its solutions 
set. "We're looking to expand our footprint," he said. Mr. Duckworth said 
acquisitions will take place over a two-year period with no set number of 
companies in mind. In addition to companies it currently has no relation 
with, Mr. Duckworth said iMedeon may purchase some of its existing business 
partners. The company's partners include Dataroam, a wireless application 
service provider based in the U.K. iMedeon may also opt to make strategic 
investments instead of acquisitions, he said. The company has yet to make any 
acquisitions though Mr. Duckworth said he expects the first deal to happen 
"soon." The company will pay for its deals with a combination of cash and 
stock. iMedeon, which provides wireless Web applications for mobile workforce 
management, raised $15.5 million in second-round financing in November, with 
participation from wireless data company Aether Systems, GE Equity, GE Power 
Systems, and Insight Capital Partners. 
		http://www.imedeon.com
		
		
		Medical Hubs Developer Salu Buys Tech Assets of ScanRx
		 ? 
		
		 GRANITE BAY, Calif. (VENTUREWIRE) -- Salu, a developer of customized medical 
specialty hubs for physicians, said it has acquired the technology assets of 
ScanRx, a prescribing software technology for Pam-computing operating 
systems. Terms of the cash and stock deal were not disclosed. In valuing the 
deal, Salu said it considered revenue potentials as well as the potential 
cost of developing the same products. The ScanRx technology will be included 
among the Salu Link brand of PDA products. ScanRx was self-funded and 
employed fewer than 10 people. No former ScanRx employees will join Salu and 
former ScanRx CEO Mark Choate has joined another company. Law firm Perkins 
Coie advised Salu in the deal. With $15 million still in the bank, Salu is 
looking to acquire revenue-stage companies that complement its medical hubs, 
said spokesperson David Ray. Salu, which acquired Dermdex in March of this 
year and Medsprout.com in November 2000, currently has hubs for dermatology, 
neurologyl, allergy, and cardiology. Mr. Ray also said the company may add 
additional hubs for pain medicine, gastroenterology, or eye care. Revenue 
projections for 2001 range between $15 million and $18 million, with Salu 
breaking even in the first half of 2002. Salu had originally intended to 
break even at the end of this year, but has pushed back that projection 
because of additional technology investments. Salu has raised $33.5 million 
in venture capital to date from Atlas Venture, El Dorado Ventures, MDS 
Capital, and individuals. 
		http://www.salu.com
		
		
		Online Mortgage Firm ClosingGuard Acquires MBH Settlement 
		? 
		
		 NEW YORK  (VENTUREWIRE) -- ClosingGuard, an online mortgage-closing system 
for mortgage lenders and title insurers, said it acquired MBH Settlement 
Group, a real estate settlement company, for an undisclosed amount of cash. 
ClosingGuard will integrate its technology platform within MBH's settlement 
services, with MBH operating as a wholly owned subsidiary of ClosingGuard. 
The combined entities will employ approximately 140 people in 15 offices in 
California, Maryland, New York, Virginia, and Washington. According to 
ClosingGuard CEO Greg Jacobson, four of MBH's five founding partners have 
been granted executive positions within the new company, with the remaining 
partner assuming an advisory position. Mr. Jacobson declined to mention names 
or new titles. He also stated that the company is not planning on discharging 
anyone as a direct result of the acquisition and that there are no plans to 
consolidate divisions of the individual companies. ClosingGuard is 
profitable, with revenues this year expected to reach $12 million, Mr. 
Jacobson said. He added that he anticipates more growth through the 
acquisition of more settlement agencies. The company is currently open to 
seeking further venture capital and has already received funding from 
Prospect Street Ventures. MBH was backed by individuals. 
		http://www.closingguard.com
		http://www.mbh.com
		
		
		Platinum Equity to Buy McKessonHBOC Product Groups
		 ? 
		
		 LOS ANGELES (VENTUREWIRE) -- Platinum Equity, which specializes in the 
acquisition and operation of global technology companies, said it has agreed 
to acquire the Amisys 3000 and Pathways Managed Care product groups from the 
information technology business of McKesson HBOC, a publicly traded company 
that provides supply-management and healthcare-information technology, for an 
undisclosed amount. Amisys 3000 and Pathways Managed Care, which provide 
third-party administration for the managed care market, will become a new 
subsidiary of Platinum Equity under the name Amisys. The company will have 
more than 200 employees, and Steve Rock, CEO of Synertech Health System 
Solutions and SVP of healthcare operations at Platinum Equity, will serve as 
CEO. The new company will retain its current offices and staff for the first 
100 days. The acquisition is expected to close at the end of June. Peter J. 
Solomon Company provided financial advice for McKessonHBOC. Platinum Equity 
had internal advisors.
		http://www.peh.com
		
		
		DVC Worldwide Buys Strategic Marketing Firm Media Designs
		 ? 
		
		 MORRISTOWN, N.J. (VENTUREWIRE) -- DVC Worldwide, a behavioral marketing 
holding company, said it has acquired Media Designs International, a 
strategic marketing company. Terms of the cash-and-stock deal were not 
disclosed. Media Designs, which had revenues of approximately $5 million in 
2000, will become a subsidiary of DVC Worldwide and continue to operate as it 
had previously. The acquired company was self-funded, and employed a staff of 
ten who have been retained. Media Designs president will join DVC Worldwide's 
North American operating board. Bryan Cave provided legal counsel for Media 
Designs. DVC Worldwide is backed by $125 million from BancOne Venture 
Partners, Frontenac Company, Lake Capital, Lexington Partners, PPM America 
Capital Partners, and individuals.
		http://www.dvcworldwide.com
		http://www.mediadesigns.com
		
		
		Investment News Firm HedgeWorld Acquires HedgeCall
		 ? 
		
		 WHITE PLAINS, N.Y. (VENTUREWIRE) -- HedgeWorld, which provides news, 
resources, and free secure communications platforms for investors, investment 
managers, and service providers in the hedge fund industry, announced it has 
acquired the assets of HedgeCall, a unit of Investor Broadcast Network (IBN) 
that provides audio and video streaming capabilities to the hedge fund and 
alternate investment industries. The value of the transaction was not 
disclosed. IBN announced in March it was looking to sell Hedgecall, after 
which it planned to operate as a holding company. Over the next 90 days, 
HedgeWorld will integrate HedgeCall's audio and video streaming services into 
the HedgeWorld.com site, especially presentations by hedge fund managers. The 
company said Hunt Taylor, host of Hedge Radio Network, will continue to hold 
interviews on HedgeCall.com. IBN is funded by Intel Capital, Momentum 
Investments, Pennsylvania Early Stage Partners, VerticalNet, and White Rock 
Capital. Hedgeworld, which has raised about $16 million in funding, is backed 
by Highcrest Capital Partners, Gabelli Asset Management, ED&F Man Limited, 
and the Zeron Group. 
		http://www.hedgeworld.com
		http://www.investorbroadcast.com
		
		
		The Manugistics Group to Buy Some of SpaceWorks' Assets 
		? 
		
		 ROCKVILLE, Md. (VENTUREWIRE) -- The Manugistics Group, a publicly listed 
provider of supply-chain management software, said it entered into a 
preliminary agreement to acquire the intellectual property and certain assets 
of SpaceWorks, an e-commerce software firm in Rockville, Md., that shut down 
in the beginning of May due to a lack of funding. Financial terms of the deal 
were not disclosed. Manugistics did not specify when the deal will be 
completed. The company said it intends to incorporate SpaceWorks' Web-based 
order-management technology with its own products. SpaceWorks had received 
over $16 million from Columbia Capital and GE Equity. 
		http://www.manu.com
		
		
		Universal Domains Acquires Cavio
		 ? 
		
		 CALABASAS, Calif. (VENTUREWIRE) -- Universal Domains, a publicly held 
company that buys, sells and registers domain names, said it acquired 
Seattle-based Cavio, which develops e-commerce applications for privacy, 
security, fraud, and misrepresentation. Terms of the deal were not disclosed. 
Founded in March 2000, Cavio raised $2 million in its Series A from private 
investors. Cavio will change its name to Universal Domains and will remain in 
Seattle. All 20 employees will stay with the new company.
		http://www.cavio.com
		http://www.universaldomains.cc
		
		
		 new directors 
		?
		AT&T Wireless CTO Joins Tropian Board as Outside Director
		 ? 
		
		 CUPERTINO, Calif. (VENTUREWIRE) -- Tropian, which provides wireless 
communications products, said AT&T Wireless chief technology officer Roderick 
Nelson has joined its board of directors. Mr. Nelson, who also leads the AT&T 
product and technology development group, takes the sixth position as an 
outside director on the board. He was introduced to Tropian through CEO Mike 
Farese. Tropian, which, in May, launched its first product -- a chipset for 
wireless handsets and bay stations -- is raising Series D funding. Although 
spokesperson Javed Patel declined to comment on the size of the upcoming 
round, he said it would close near the end of July. The company is backed by 
$38 million from Convergence Partners, Crosspoint Venture Partners, Infineon 
Technologies, InveStar, and TriQuint Semiconductor. 
		http://www.tropian.com
		
		
		Akara Appoints Unisphere Networks' CEO to Board
		 ? 
		
		 OTTAWA (VENTUREWIRE) -- Akara, which provides an optical utility services 
platform, said it named James Dolce, president and CEO of Unisphere Networks, 
as its fifth board member. Unisphere designs and sells routing switches and 
network management software for implementation of high-speed data services. 
Mr. Dolce was introduced to the company through an industry event where he 
met Akara founder Sol Wong. Mr. Dolce founded Redstone Communications, which 
was acquired by Siemens, and co-founded Arris Networks, which was purchased 
by Cascade Communications. Akara is backed by Battery Ventures, Corning 
Capital, Dominion Ventures, Greylock Management, Morgan Keegan, and VenGrowth.
		http://www.akara.com
		
		
		 new people 
		?
		PhoneFree Names New Pres. as it Shifts Focus and Cuts Staff
		 ? 
		
		 NEW YORK (VENTUREWIRE) -- PhoneFree, an Internet-based phone company, said 
it Charan Khurana, who previously worked for Cisco Systems, IBM, and Bell 
Labs, as its new president. The company also said it changed its name to 
Gemini Voice Solutions and made layoffs as it shifts its focus to broadband 
voice service. Mr. Khurana will replace CEO and president Jan Horsfall as 
president. Mr. Horsfall will become vice chairman of the company and Gemini 
will not be seeking a replacement to fill the CEO position. A company 
spokesperson said the company cut approximately 46 of its 85 employees over 
the course of two rounds of layoffs in January and April. Geoff Hatheway, 
senior vice president of marketing for Gemini, said the company has been 
developing its broadband voice service since last year. "The phone-to-phone 
side of the business using voice-over-IP presented much greater revenue than 
PC-to-PC," said Mr. Hatheway. Gemini customers will be able to place calls on 
standard analog phones using the broadband voice network. The staff cuts 
mainly affected those on the PC side of the business. In January, the company 
announced it would begin charging two cents a minute for its formerly free 
PC-to-phone call service, citing the decline of the ad market. Gemini said it 
will still provide free PC-to-PC calls and keep its phonefree.com Web site. 
Backers of the company include Blackstone Capital Partners III, eVentures 
Group, Millennium Technology Ventures, EFO Holdings, Cain Capital, Brazos 
Investment Partners, Activated Communications, TeKBanC, and individuals. 
		http://www.geminivoice.com
		
		
		Nationtax Online Taps Bankrate Chief as President and CEO
		 ? 
		
		 BIRMINGHAM, Ala. (VENTUREWIRE) -- Nationtax Online, a Web-based business 
tax-filing network, said it concluded a four-month search and appointed 
William P. Anderson as its new president, CEO, and sixth board member. Mr. 
Anderson replaces former president and CEO, Lee Walthall, who founded the 
company in 1998. Mr. Walthall will remain chairman of the board. Mr. Anderson 
was introduced to Nationtax through Heidrick & Struggles International, an 
executive search firm. Mr. Anderson formerly served as CEO of Bankrate. Prior 
to that, he was president and CEO of Block Financial, a subsidiary of H&R 
Block and worked at KPMG Peat Marwick for 19 years where he started as an 
auditor and concluded his tenure as a partner-in-charge of the national 
corporate finance practice within the management consulting department. 
Nationtax Online has raised $18.5 million to date and is backed by Cordova 
Ventures, Grotech Capital Group, LiveOak Equity Partners, R-H Capital 
Partners, Southeastern Technology Fund, and Troutt Venture Capital Partners. 
		http://www.nationtax.com
		
		
		Wireless Software Firm BlueKite.com Names New Pres & CEO
		 ? 
		
		 SAN FRANCISCO  (VENTUREWIRE) -- BlueKite.com, a developer of software for 
the delivery of rich content to mobile computing devices, announced the 
appointment of Robin Abrams as president and CEO. Most recently, Ms. Abrams 
served as CEO at Ventro, a business e-commerce marketplace. Ms. Abrams 
replaces founding president and CEO, David Cox, who will remain with the 
company as an adviser to the executive team. Ms. Abrams also joins as the 
sixth member of the company's board, which includes Chris Gibbons of the 
Texas Pacific Group, Bill Hipp of 2M Invest, Craig Jorgens of the Texas 
Pacific Group, and Willa Seldon of Milepost Ventures. In August of 2000, 
BlueKite.com closed a $36 million Series C round of financing led by new 
investor Texas Pacific Group. New investors Credit Suisse First Boston and 
Robertson Stephens' Bayview 2000 Fund, along with previous investors Axiom 
Venture Partners, JF Shea, Teknoinvest, and Viridian Capital, also 
participated. To date, the company has raised approximately $48 million in 
three rounds of funding. 
		http://www.bluekite.com
		
		
		 vc fund news 
		?
		nCoTec Has $38.2 M First Closing of Its First Fund
		 ? 
		
		 LONDON (VENTUREWIRE) -- nCoTec, a technology venture capital firm with a 
focus on Northwestern Europe, announced the first closing of its nCoTec I at 
EUR 45 million ($38.2 million) at the end of May with investments from 
Commerzbank, Misys, Mercurius, Societe Generale, and Wallbrook. nCoTec said 
it is targeting to close the fund at $127 million. The fund will make 
early-stage investments ranging between $848,000 and $4.2 million in 
communications technology companies. nCoTec also said it would seek to lead 
investment opportunities and take between 20% and 40% equity stakes in 
portfolio companies with board representation. To date, nCoTec has committed 
$14.4 million and has five companies in its portfolio: Idesta, Kevab, 
Volantia, Digital Route, and Siroyan. The company also said it was currently 
evaluating three companies for future investments. Alasdair Warren, Tim 
Horlick, Lars Lindell, George MacRitchie, Pierre Nadeau, and Jacob Philipson 
are the six managing partners for the fund. nCoTec, founded in April 2000, 
has offices in London and Stockholm and plans on opening new offices in 
Munich and Sophia Antipolis in southwest France. 
		http://www.ncotec.com
		
		
		 vc personnel 
		?
		VC Firm Whitney Loses Managing Director 
		? 
		
		 STAMFORD, Conn.  (VENTUREWIRE) -- Mark Murphy, a managing director at 
Whitney & Co., has left the venture capital firm, VentureWire has learned. A 
Whitney spokesperson confirmed Mr. Murphy's departure. He was a member of 
Whitney's partner group and worked with Whitney's limited partners. Mr. 
Murphy could not be reached for comment. The Whitney spokesperson could not 
say whether anyone would replace Mr. Murphy. Mr. Murphy's departure marks the 
latest in a series of recent staff departures from Whitney. At least three 
managing directors, Steve Hines, Carla Skodinksi, and Barry Hines, have also 
left Whitney & Co., one of the nation's oldest venture capital firms, this 
year. Last month Whitney announced it closed its fifth fund with 
approximately $1.1 billion. It also said it would significantly reduce 
overseas staff and make cuts in junior-level domestic staff. Last week 
VentureWire reported the firm would spin off its London, Tokyo, and Hong Kong 
offices. 
		http://www.whitney.com
		
		
		 vw corrections 
		?
		Gazoo
		 ? 
		
		 NEW YORK (VENTUREWIRE) -- A story in Tuesday's VentureWire on software 
infrastructure company Gazoo, which changed its name to Talaris, contained an 
incorrect URL. For now, Gazoo can be found at www.mygazoo.com. 
		
		
		company index
		
		
		3G LAB, Adexa, Advantage3D, Akara, Blackstone Technology Group, Blue Slate 
Solutions, BlueKite, Cavio, ChipData.com, ClosingGuard, Corus Pharma, Cryptic 
Clue, Decision Management International, DevelopOnline.com, DVC Worldwide, 
FreeMarkets, Gemini Voice Solutions, Genicon Sciences, Global English, 
Hedgeworld, i-drive.com, Idesta, iManageProperty, iMedeon, Intransit 
Networks, Investor Broadcast Network, Manugistics Group, Matrix Partners, MBH 
Settlement Group, Media Designs International, Micro-Optics Design, Mohr 
Davidow Ventures, Music.com, Mykindaplace.com, Nationtax Online, nCoTec, 
NextSet Software, Notara, Platinum Equity, Redwood Partners International, 
Salu, TelOptica, ThruPoint, Triton Systems, Tropian, Universal Domains, Wapit
, Whitney & Co. 
		
		
		Fierce competition. Trillion-dollar markets. Massive
		technology investments. Financial institutions face
		huge obstacles as they compete for new customers in
		a world transformed by the Internet.
		
		Come see industry leaders put it all in perspective.
		Join us at Technologic Partners' newest Outlook:
		
		Financial Services Outlook - July 31
		World Trade Center Marriott
		
		For more information on the agenda and 
registration:http://financialservicesoutlook.com/
		
		
		
		investor index
		
		
		2M Invest, 3i Group, ACF Equity Atlantic, Ampersand Ventures, Bank of 
America, BDC Venture Capital, Ben Franklin Technology Partners, BskyB, 
Burrill & Co., Cascade Investment, CDP AccSs Capital Acadie, CDP Sofinov, 
CenterPoint Venture Partners, EDS, Eurovestech, Garfly Invest, Halpern Denny 
& Co., InterWest Partners, Itochu, J.P. Morgan Capital, MedEquity Investors, 
Molehill Ventures, Morgan Stanley Dean Witter Venture Partners, nCoTec, NPM 
Capital, OrbiMed Advisors, Orix USA, Sabre, Sevin Rosen Funds, Softbank, 
Synopsys, TIAA/CREF, Triton Ventures, TTP Venture
		
		
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			?