?	
?	VentureWire
	Wednesday, May 16, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 703.9 ? -0.27%	?
? 		
		
		top stories
		
		  Buzzsaw.com Lays Off 30%, to Close on $20M Third Round
		  Entertainment Site UGO Networks Acquires Rival Bla-Bla.com
		  EYP Mission Gets $57.5M Round One to Spin Off from Einhorn
		  Flatiron Moves in with J.P. Morgan Chase to Cool Burn Rate 
		
		UPCOMING EVENTS
		Financial Services Outlook 2001
		Robert Reynolds, COO of Fidelity Investments, to invest $350 million in 
Internet technology. Register to find out where!
		
		TODAY'S FEATURES
		PSINet Ventures Winding Down
		By Matthew Sheahan
		A source familiar with the company told VentureWire that PSINet Ventures, the 
venture capital unit of troubled Internet company PSINet, has seen its staff 
drop from 15 to three, is not doing any new deals whatsoever, and is doing 
whatever it can to manage and liquefy its portfolio companies. more>>
		
		
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		Infineon Expands to Boston
		By Matthew Sheahan
		Infineon Ventures, the venture capital unit of German semiconductor 
manufacturer Infineon, has recently expanded its reach with the placement of 
an investment professional in the Boston area, managing director Rudolph 
Ohnesorge told VentureWire. more>>
		
		Summit Partners to Pick Up the Pace 
		By Amanda Briggs
		Summit Partners, a late-stage venture firm with offices in Boston and Palo 
Alto, Calif., expects to pick up its investment pace later this year and is 
looking to do more deals in Western Europe, according to managing partner 
Bruce Evans. more>>
		
		Labrador Capitalizing on Early-Stage Deals
		By Amanda Briggs
		Early-stage venture firm Labrador Ventures is looking to finish investing its 
current $90 million fund -- the firm's fourth -- sometime over the next six 
months, according to managing director Stuart Davidson. more>>
		
		Intellamed Goes After First Venture Financing of $10 Million
		By Taran Provost
		Intellamed, a Bryan, Texas-based provider of online asset management 
solutions for the healthcare industry, is looking to raise a round of $10 
million, president and CEO David Hickson told VentureWire. more>>
		
		
		
		
		new money
		
		  KeepSmart Stays Ahead with $5.8 Million in First Round 
		 Broadband Developer VDSL Systems Raises $12.4 Million Round 
		 Creditek Receives $30M Investment from General Atlantic
		  DVD Conversion Firm LifeClips Gets $12.2M Round Two
		  Graphic Display Screen Firm Opsys Raises $11.2 Million
		  Interregnum Invests in Two U.K. Software Companies
		  Accounts Receivable Firm, Convergent Resources, Raises Round
		  DigiPlex Raises $48 Million Equity, $35 Million Debt
		  STSN Gets $66.5M of Series D Debt and Equity
		  Tribune Media Services Takes Majority Stake in TVData 
		 Viator Closing $5M to $10M Series C Round in Next Two Weeks
		
		
		bad news
		
		  WorkingWoman.com Lays Off 63%; Looking for Buyers, Funding
		  Metiom Files for Chapter 11 after Investors Back Out
		  Idealab!'s eCRM Mybiz.com Goes Out of Business
		  Communications Firm OnSite Lays Off Two-Thirds of Staff
		  Streaming Media Tech Firm Eyecast Lays Off 50% of Workforce
		  eLedger to Shut Down ASP Service on May 31
		
		
		new products
		
		  Services Firm for Media KPE Launches Television Division
		  Private Biz Network Software Firm Model N Launches
		  Christianity.com Changes Name to Starwire
		  XML Networking Firm DataPower Announces Launch
		  Hi3G and Europolitan Vodaphone Form Mobile Telephony Firm
		  The MBA Co. Launches
		
		
		m&a
		
		  Motient Acquires Rare Medium in Cash-and-Stock Deal
		  XCare.net Buys E-Business Firm Confer Software
		  Escalate Acquires Managize Technology in All-Stock Deal
		  Qiva Acquires Supply-Chain Web Software Firm Capstan Systems
		  BrainHeart Buys Bankrupt Mobile Internet Division of Linq
		  EMS Technologies Acquires CI Wireless
		  Parthus Acquires Chicory for $41.4M in Cash and Stock
		  JAWZ Sells E-Business Unit to Rubicon for $323,000
		
		
		new directors
		
		  CRM Firm Parago Chairman Resigns, Remains on Board
		  Infrastructure Provider Eternal Systems Names New Director
		  Concellera Adds Two New Board Members
		
		
		new people
		
		  Guru Appoints Former Spherion Head to Chairman and CEO
		  Training Products Firm Cognitive Arts Appoints New CEO
		  Online Digital Printing Firm Mimeo Appoints New CEO
		  E-Commerce Firm Callbutton Names First President & CEO
		
		
		vc fund news
		
		  Invesco Closes $150M EuroMedia Fund as Part of $530M Pool 
		 PSINet Ventures Closing Shop and Liquefying Its Portfolio
		  Schneider Electric Launches $44 Million Corporate VC Arm 
		 Venture Firm Axiomlab Raises $17.1 Million Second Round 
		 CalPERS Invests $10 Million in SVCV Fund 2
		  Friends Ivory & Sime Closes 3PC with $61 Million 
		
		
		vw corrections
		
		  ProfessorQ
		  Ebrary
		
		 TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... M&A... NEW 
DIRECTORS... NEW PEOPLE... VC FUND NEWS... VW CORRECTIONS
		
		
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		top stories
		?
		Buzzsaw.com Lays Off 30%, to Close on $20M Third Round
		 mail? top
		
		 SAN FRANCISCO (VENTUREWIRE) -- Buzzsaw.com, a business-to-business 
e-commerce marketplace for the building design and construction industry, 
laid off 70 employees, or 30% of the company's staff, said chairman, 
president, and CEO Carl Bass. The layoffs, which were across the board, were 
"highly recommended" by the company's investors in order to lower 
Buzzsaw.com's burn rate. Some senior executives, including CFO Paul Farmer, 
were laid off. About 170 employees now remain at Buzzsaw.com. The company 
expects to close a $20 million round in the next few weeks.  Mr. Bass 
declined to name investors, but noted that existing investors are 
participating and that a lead investor has been secured. Buzzsaw.com, which 
has raised $90 million to date, garnered a post-money valuation of over $300 
million in its $75 million second round last April. Due to market conditions, 
Mr. Bass expects the upcoming financing, which is expected to carry the 
company to profitability, to be a down round. Acquisition by anoth! er 
company is always a choice, he said, but Buzzsaw.com is not actively looking 
for such a deal. The company had revenues of over $5 million in 2000, and 
expects revenues to double this year, becoming cash-flow positive in 
mid-2002. Buzzsaw.com will also focus its business on printing transactions 
and document sharing services. Autodesk, Bank of America, Crosspoint Venture 
Partners, Impact Ventures, Morgan Stanley Dean Witter Private Equity, and 
Real Estate Private Equity Groups have invested in Buzzsaw.com.
		http://www.buzzsaw.com
		
		
		Entertainment Site UGO Networks Acquires Rival Bla-Bla.com
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Bla-Bla.com, an online portal for independent 
content, said that it has been acquired by rival UGO (UnderGround Online) 
Networks, for an undisclosed amount. Bla-Bla.com's CEO Michael O'Hara said 
that the two companies had been "brainstorming" for nearly five months. Over 
the past six months, both UGO and Bla-Bla.com have each announced layoffs of 
about 30% of their staff, with UGO eliminating 40 people and Bla-Bla.com 
cutting 16 people. UGO is expected to "pick and choose" from the remaining 
employees at Bla-Bla.com to decide whom it wants to keep. Mr. O'Hara said 
that he would not be involved with the combined company and is moving on to 
other business opportunities. UGO has raised a total of $82 million in 
funding and expects to break even within one year. The company is backed by 
GRP, Gryphon Holdings III, J. & W. Seligman, and Vivendi, as well as J.P. 
Morgan Chase & Co. Entertainment Group, Liberty Digital, and LiveWire. 
Bla-Bla.com, which raised $7.65 millio! n in seed funding in September 2000 
and an undisclosed amount two months later, is funded by Hudson Venture 
Partners, Liberty View Equity Partners, SBIC, Silicon Alley Venture Partners, 
Stonehenge Capital, and Youngtree Partners. As part of the overall 
transaction, some of Bla-Bla.com's investors, including Liberty View and 
Hudson Partners, will invest an undisclosed amount in UGO Networks.  
		http://www.bla-bla.com
		http://www.ugo.com
		
		
		EYP Mission Gets $57.5M Round One to Spin Off from Einhorn
		 mail? top
		
		 BOSTON (VENTUREWIRE) -- TA Associates, a private equity firm, said it led a 
$57.5 million first round for EYP Mission Critical Facilities, which provides 
consulting, design, facilities operations management, and information 
technology services to financial, telecommunications, and computer/Internet 
corporate clients. Some of the investment was used to spin off EYP from its 
parent company, Einhorn Yaffee Prescott Architecture & Engineering, as well 
as to provide the company with growth capital. The funding also included a 
minority investment from Heller Financial, TA principal Michael Wilson said. 
Mr. Wilson also said that the company is planning a number of acquisitions, 
the first of which will close in two months. Mr. Wilson, along with Roger 
Kafka of TA, will take a seat on EYP's board of directors. TA Associates 
manages over $5 billion and has invested in over 330 companies to date.  
		http://www.eypmissioncritical.com
		
		
		Flatiron Moves in with J.P. Morgan Chase to Cool Burn Rate 
		mail? top
		
		 NEW YORK (VENTUREWIRE) -- Flatiron Partners, a venture capital firm, said it 
would vacate its Silicon Alley offices in order to save millions on rent. The 
firm will move to the offices of its only limited partner J.P. Morgan Chase & 
Co. Flatiron said that there would be no other changes in the firm's 
financial structure. Last month Flatiron, which participated in more than 40 
deals last year, said it may be raising its own fund. The firm still has 
about $230 million of the more than $500 million committed last year by Chase 
Capital Partners, which merged to form JP Morgan Partners in January. Two of 
Flatiron's portfolio companies, Kozmo.com, which operated a one-hour delivery 
service, and online new media company Urban Box Office Network, have closed 
down. Flatiron recently said it is focused on securing follow-on financing 
for its 35 portfolio companies.  
		http://www.flatironpartners.com
		
		
		new money
		?
		KeepSmart Stays Ahead with $5.8 Million in First Round 
		mail? top
		
		 HAWTHORNE, N.Y.  (VENTUREWIRE) -- KeepSmart, a provider of online and 
offline continuing education services for professionals, said it has closed a 
$5.8 million first round led by Deutsche Bank's Asset Management Group, with 
additional participation from individual investors. The company said the 
financing would be used for sales and marketing. KeepSmart, founded in 1981, 
said it expects to reach profitability by the first quarter of 2002. 
		http://www.keepsmart.com
		
		
		Broadband Developer VDSL Systems Raises $12.4 Million Round 
		mail? top
		
		 DENVER (VENTUREWIRE) -- VDSL Systems, which develops broadband technologies 
enabling very high speed digital subscriber line service distribution over 
copper phone lines, said it raised $12.4 million in its second round of 
funding. The round was led by UBS Capital and included investments from 3i, 
Kennet Capital, and ACR, the Finnish investment company for the entrepreneur 
Tatu Ylonen, founder of SSH Communications Security. VDSL systems said it 
will use the capital for sales and marketing efforts and ongoing product 
development. 
		http://www.vdslsystems.com
		
		
		Creditek Receives $30M Investment from General Atlantic
		 mail? top
		
		 PARSIPPANY, N.J. (VENTUREWIRE) -- Creditek, an order-to-cash cycle 
outsourcing and enterprise receivables management company, said it has 
received a $30 million investment from General Atlantic Partners, a private 
equity firm that focuses on IT and telecommunications businesses. The company 
said the money would be used to develop technology and for operating 
infrastructure. As a result of the funding, Mark Dzialga and Cliff Robbins, 
partners of General Atlantic, will become the fifth and sixth members of the 
board. Additional members of the board are chairman, president, CEO, and 
founder John Metzger; Ernest Jacquet, managing partner of Parthenon; and 
Samantha Trotman, general partner of Parthenon Capital. The company is 
currently looking to add an outside person to its board, a company 
spokesperson said. Parthenon is also an investor in Creditek. 
		http://www.creditek.com
		
		
		DVD Conversion Firm LifeClips Gets $12.2M Round Two
		 mail? top
		
		 ACTON, Mass. (VENTUREWIRE) -- LifeClips, a provider of videotape-to-DVD 
conversion services, announced that it has secured $12.2 million in second 
round financing led by previous investor St. Paul Venture Capital, with 
participation from unnamed individuals. The company plans to use the new 
funds to expand its test market and to roll out the service on a national 
level. Post-money, the company is valued at $25.6 million. LifeClips 
anticipates break-even by the fourth quarter of 2002. With this round, there 
were no additions to the LifeClips's seven-member board, which includes Brian 
Jacobs of St. Paul Venture Capital. The LifeClips service is marketed via 
offline film developers as well as on the company Web site. In November 1999 
the company raised $4.3 million from St. Paul Venture Capital.
		http://www.lifeclips.com
		
		
		Graphic Display Screen Firm Opsys Raises $11.2 Million
		 mail? top
		
		 OXFORD, England (VENTUREWIRE) -- Opsys, which develops flat graphic display 
screens, said it has received a GBP 8 million ($11.2 million) round of 
funding led by 3i and Quester. 3i will invest $4.2 million while Quester's 
investment totals $3.5 million. Other backers in this round are Japanese 
venture capital group NIF and international investment bank Dresdner 
Kleinwort Wasserstein. The company also said it has named professor John 
Baits, former corporate director of technology for Cable & Wireless, to vice 
chairman, and David Martin, former member of IBM's management team, as a 
director. The company said it would use the capital to fund its new expansion 
program, which includes a new manufacturing and research facility near 
Silicon Valley, Calif., expansion of its U.K. research facility, and 
licensing technology from Eastman Kodak. Opsys said that it plans to raise a 
future round of funding.  
		http://www.opsysdisplays.com
		
		
		Interregnum Invests in Two U.K. Software Companies
		 mail? top
		
		 LONDON (VENTUREWIRE) -- Interregnum, an IT investment and advisory company, 
announced that it has invested GBP 1 million ($1.4 million) in the $2.8 
million first round of Respond, a customer retention and loyalty software and 
services vendor, and also invested $1.4 million in Link Software, a developer 
of Web-based collaborative software. 3i also invested with Interregnum in 
Respond's first round. Respond said it would use the funding to expand its 
international operations and product range. Link said it plans to use the 
funding for research and development and to expand into the U.S. With a 
portfolio of over 30 companies, Interregnum is headquartered in London and 
has offices in San Francisco and New York. 
		http://www.elinksuite.com
		http://www.respond-inc.com
		
		
		Accounts Receivable Firm, Convergent Resources, Raises Round
		 mail? top
		
		 ATLANTA (VENTUREWIRE) -- Convergent Resources, which provides accounts 
receivable management company for consumer, commercial, and healthcare 
collection services, said it raised an undisclosed first round from 
BancBoston Capital. Atlanta-based Cravey, Green and Wahlen, a private equity 
firm, hold a majority stake in Convergent Resources. Convergent said it would 
use the capital for future acquisition opportunities. As a result of the 
investment BancBoston Capital will take a seat on the Convergent Resources 
board of directors. Telephone 770-730-0015.
		
		
		DigiPlex Raises $48 Million Equity, $35 Million Debt
		 mail? top
		
		 LONDON (VENTUREWIRE) -- DigiPlex, a European operator of carrier-neutral 
colocation facilities, said it has received EUR 55 million ($48 million) in 
equity funding from previous investors the Carlyle Group and Providence 
Equity Partners. The company also said it has drawn $35 million of debt from 
a credit facility arranged by Deutsche Bank, Goldman Sachs, and CIBC. The 
company said it would use the funding for the construction of its facilities 
in Frankfurt, Geneva, London, Milan, Munich, and Oslo. DigiPlex offers a 
range of carrier-neutral colocation, facility outfitting, and service options 
to telecom operators and service providers. DigiPlex facilities provide 
connectivity to fiber-optic networks and voice and data networking equipment 
for its customers. The company has raised $239 million in equity and $96.6 
million in debt to date. Other investors include Carrier1 and iaxis.   
		http://www.digiplex.com
		
		
		STSN Gets $66.5M of Series D Debt and Equity
		 mail? top
		
		 SALT LAKE CITY (VENTUREWIRE) -- STSN, which provides high-speed Internet 
access and specialized broadband services to hotels and conferencing centers, 
said it has secured $66.5 million in debt and equity in its Series D round of 
funding led by new investors Siemens and On Command. The round also includes 
previous investors APV Technology Partners, Intel, Marriott International, 
ThomVest Holdings, and Vantage Point Venture Partners. The debt financing was 
provided by GATX. The company said it would use the funding to continue to 
increase its penetration of North America, Europe and the Asia Pacific 
region. Edward Grybek of Siemens Project Ventures (SPV) will join STSN's 
board of directors. STSN raised over $111 million in venture capital in two 
previous rounds.
		http://www.stsn.com
		
		
		Tribune Media Services Takes Majority Stake in TVData 
		mail? top
		
		 CHICAGO (VENTUREWIRE) -- Tribune Media Services, which provides television 
and film information, announced that it has made an undisclosed investment in 
TVData Technologies in exchange for a majority interest in the company. 
TVData Technologies collects and distributes listing information and 
editorial material to multiple media companies. TVData plans to use the funds 
to expand customer service in the U.S. as well as in international markets. 
Previously, TVData has secured funding from undisclosed individual 
investors.Tribune Media Services is a subsidiary of Chicago-based media 
company Tribune.
		http://www.tvdata.com
		
		
		Viator Closing $5M to $10M Series C Round in Next Two Weeks
		 mail? top
		
		 SAN FRANCISCO (VENTUREWIRE) -- Viator, a provider of travel destination 
products, technology, and distribution services, said it was closing a $5 
million to $10 million Series C round within the next two weeks. Viator said 
that Travelocity and Worldspan are participating in the round. Viator said 
that the funding is its first institutional round from U.S. investors. Viator 
also announced a strategic partnership with Travelocity whereby customers 
will be able to book tours and attractions for destination cities on 
Travelocity's site using Viator's technology. Viator has also received 
funding from the Australia Technology Group, Technology Venture Partners, and 
individual investors. 
		http://www.viator.com
		
		
		bad news
		?
		WorkingWoman.com Lays Off 63%; Looking for Buyers, Funding
		 mail? top
		
		 NEW YORK  (VENTUREWIRE) -- WorkingWoman.com, a marketplace and resource for 
professional and entrepreneurial businesswomen, said it has laid of 14 
people, approximately 63% of its staff. A spokesperson for the company said 
that the layoffs are a direct response to the difficult market conditions. 
"The environment is simply not conducive to building Web sites," the 
spokesperson said. The spokesperson said that the company is struggling 
financially and has hired DeSilva & Phillips, an investment banking firm, to 
find potential buyers. DeSilva is also exploring the possibility of 
additional financing for WorkingWoman.com. WorkingWoman.com has raised $32 
million in funding from two rounds of funding. Its investors include 
BlackDiamond Ventures, Compaq Computer, Jefferies & Co., New York City 
Investment Fund, Office Depot, PurchasePro.com, RWI Group, Sand Hill 
Financial, Sycamore Ventures, and Telos Venture Partners. Carol Bartz, CEO of 
Autodesk; Larry Ellison, CEO of Oracle; and Clifford Sobel, chairman o! f 
Net2Phone, have also invested in WorkingWoman.com.
		http://www.workingwoman.com
		
		
		Metiom Files for Chapter 11 after Investors Back Out
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Metiom, a business-to-business e-commerce 
infrastructure provider for online purchasing, said that it has filed for 
Chapter 11 bankruptcy. A Metiom spokesperson said that, due to market 
conditions, the company's investors have decided not to invest the remaining 
two tranches of Metiom's $45 million third round announced in January, of 
which the company had received $15 million. Metiom had no comment about 
layoffs but said it was "restructuring" and considering potential buyers. The 
company said it expects the restructuring to be completed within the next 120 
days. Metiom is backed by Forstmann Little & Co. and Summit Enterprises.  
		http://www.metiom.com
		
		
		Idealab!'s eCRM Mybiz.com Goes Out of Business
		 mail? top
		
		 PALO ALTO, Calif. (VENTUREWIRE) -- Mybiz.com, which provided eCRM services 
for small businesses over the Web, has shut down, according to founder Bill 
Onderdonk. The idealab!-backed company had anticipated venture funding, but 
was unable to close $3 million in Series A. Established in September 2000, 
mybiz.com employed 12 and expected $500,000 in profits in 2001. Mybiz.com had 
also held talks to be acquired, but could not close any deals. For the past 
month, approximately six former mybiz.com employees have been maintaining the 
Web site, which will be brought down this Friday. Mybiz.com may be acquired 
by some of its former employees. Acquisition of the company or of the 
company's assets remains possible, said Mr. Onderdonk.
		http://www.mybiz.com
		
		
		Communications Firm OnSite Lays Off Two-Thirds of Staff
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- OnSite Access, an integrated communications 
provider that serves small and medium-sized business customers within 
multi-tenant commercial office buildings, said it has laid off approximately 
two-thirds of its 240 member staff -- about 158 employees. The company said 
that the cuts were made across the board. A company spokesperson attributed 
the layoffs to a lack of available capital rather than problems with the 
company's business model. The spokesperson said the company is working on 
financial alternatives including seeking more venture funding. While OnSite 
Access will continue to serve its existing customers, the spokesperson said 
that the company would not seek new customers until its financial condition 
stabilizes. OnSite Access pulled its IPO last November citing current market 
conditions. The company's backers include AT&T Ventures, Crosspoint Venture 
Partners, Frontline Capital Group, J.P. Morgan Capital, Microsoft, Spectrum 
Equity Investors, and Veritech! Ventures.
		http://www.onsiteaccess.com
		
		
		Streaming Media Tech Firm Eyecast Lays Off 50% of Workforce
		 mail? top
		
		 ARLINGTON, Va.  (VENTUREWIRE) -- Eyecast, a, developer of  technology that 
enables Web-based live video access to remote sites, said it has cut 
approximately 50% of its 65 member staff. Board member Pierre Eskonda said 
Eyecast is realigning its business plan due to current market conditions. The 
company closed a $30 million second round in April 2000 with investments from 
ComVentures, New Enterprise Associates, and New Horizons Venture Capital. 
Eyecast has also developed Web-based remote camera control, digital off-site 
storage of video, and archived video access. Telephone 703-375-6900.
		
		
		eLedger to Shut Down ASP Service on May 31
		 mail? top
		
		 TOLEDO, Ohio (VENTUREWIRE) -- eLedger, which develops Web-based accounting 
systems for small businesses, said it is shutting down its ASP service 
effective May 31, 2001. The company laid off 30 people in April without 
severance packages, leaving the company with two employees. It will sell 
licenses to its source code on CD beginning May 17. The CDs will contain its 
eLedger 2.2, eLedger ASP Server, and eLedger Business Manager products. The 
company said that the announcement comes after it was unable to raise 
additional capital. It had approached venture capital firms at the end of 
last year, but was unable to find further funding. President and CEO Lee 
Mellinger founded eLedger in January 1999. The company raised a total of $3.8 
million from individual investor Gary Peat, a partner at Council Ventures, 
and Lexware. 
		http://www.eledger.com
		
		
		new products
		?
		Services Firm for Media KPE Launches Television Division
		 mail? top
		
		 NEW YORK  (VENTUREWIRE) -- KPE, a provider of digital services, including 
integrated design and creative services, Web site development, and original 
content creation for media and entertainment companies, said it launched a 
new division, KPE Television, which will offer clients broadcast creative and 
production services for on-air branding and promotional initiatives. Parent 
company KPE, which operates a venture capital division as well, has also made 
a few layoffs in most of its other divisions including its technology and 
creative units. "There were overlaps and we felt we needed to do a little 
restructuring to focus on new skill sets," said Rob Argento, KPE's vice 
president of corporate communications. Mr. Argento would not disclose the 
specific number of layoffs, only saying that the number was low. The new 
television division will also offer enhanced and interactive television 
services. Win Peniston, who was previously senior vice president and managing 
director of Pittard Sullivan's New! York offices, will lead the new division 
as managing director and has been named vice president of KPE. Mr. Peniston 
said that, besides on-air initiatives including graphics and image spots, KPE 
Television will merge online strategy and technology services into its 
services. The division's clients include ABC Sports, Discovery Canada, and 
Discovery Health. Mr. Penniston said that the KPE Television's four-person 
staff will grow rapidly and at least double in size by the end of the year. 
KPE raised $21.5 million in November 1999 from a group of investors including 
Clarion Capital Partners, Grey Advertising, Wasserstein Adelson Ventures, as 
well as several individual investors. 
		http://www.kpe.com
		
		
		Private Biz Network Software Firm Model N Launches
		 mail? top
		
		 SAN FRANCISCO (VENTUREWIRE) -- Model N, which provides inter-enterprise 
software to create private business networks, announced the launch of its 
first product, Private Business Network Platform software. The new product 
enables bricks-and-mortar companies to increase efficiency and reduce cost 
for inter-enterprise business relationships. The company also launched this 
week. Model N's board consists of James Breyer, managing partner of Accel 
Partners; Robert Gunderson Jr., co-founder of Gunderson Dettmer LLP; and 
chairman, CEO, and founder Zack Rinat. Model N is backed by Accel Partners 
and Accel-KKR. 
		http://www.modeln.com
		
		
		Christianity.com Changes Name to Starwire
		 mail? top
		
		 HAYWARD, Calif.  (VENTUREWIRE) -- Christianity.com, which provides online 
content as well as online services and tools to churches and ministries, said 
it has changed its name to Starwire. The company said the new name more 
accurately represents its service offering. Starwire is backed by CBN; Regent 
University, a Virginia Beach, Va.-based Christian graduate school founded by 
Pat Robertson; Sequoia Capital; and an undisclosed private foundation. The 
company has also received funding from Comdisco. 
		http://www.starwire.com
		
		
		XML Networking Firm DataPower Announces Launch
		 mail? top
		
		 CAMBRIDGE, Mass. (VENTUREWIRE) -- DataPower, which provides advanced 
XML-aware networking technology to enhance XML performance and security, 
announced that it has launched. The company was founded by its CTO, Eugene 
Kuznetsov. DataPower, which raised $1.1 million in its first round, is funded 
by Bessemer Venture Partners, euclid technology ventures, and Latona 
Associates. The company said that it plans to raise an addition $8 million to 
$10 million within 90 days. With this funding, DataPower said it would build 
out its sales and marketing force, and expand its engineering and 
infrastructure capabilities. The company said it plans to grow its workforce 
from 12 to 50 by the end of the year. DataPower's technology enables the 
delivery of wire-speed XML processing and intelligent routing of XML 
documents from a secure network device. DataPower, which is also considering 
opportunities in Japan, expects to be profitable by the end of 2002.
		http://www.datapower.com
		
		
		Hi3G and Europolitan Vodaphone Form Mobile Telephony Firm
		 mail? top
		
		 STOCKHOLM, Sweden (VENTUREWIRE) -- Telecommunications firm Hi3G and publicly 
traded Europolitan Vodafone have formed 3G Infrastructure Services, a jointly 
owned company that will provide Hi3G and Europolitan with 3G mobile telephony 
infrastructure. Both Hi3G and Europolitan own half of 3G Infrastructure, and 
have made investments in the company. Based in Stockholm, 3G will operate in 
areas outside of Goteborg, Malmo, and Stockholm. Hutchison Whampoa has a 60% 
stake in Hi3G, and Sweden's Investor AB holds the remaining 40%.
		http://www.europolitan.se
		http://www.hi3gaccess.se
		
		
		The MBA Co. Launches
		 mail? top
		
		 WASHINGTON (VENTUREWIRE) -- The MBA Co., an online and offline business club 
for graduates of leading MBA programs, said that it has officially launched. 
The company will offer a number of networking services ranging from golf 
tours, career information, and online reference materials. The company is 
backed by individual investors. 
		http://www.thembacompany.com
		
		
		m&a
		?
		Motient Acquires Rare Medium in Cash-and-Stock Deal
		 mail? top
		
		 RESTON, Va. (VENTUREWIRE) -- Motient, a publicly traded owner and operator 
of an integrated terrestrial/satellite network, said it has signed an 
agreement to acquire Rare Medium Group, a publicly traded  provider of 
incubator and professional services for e-business initiatives. The 
acquisition will include a combination of 9 million shares of Motient 
subsidiary XM Satellite Radio's stock, worth approximateley $128 million,   
newly issued Motient stock, and $13 million in cash. Under the agreemnet each 
share of Rare Medium's outstanding stock will be exchanged for one-tenth of a 
share of a new class of Motient preferred stock. Motient common stock closed 
at $1.90 a share yesterday. In early April Rare Medium and Motient announced 
that they had signed an agreement under which Rare Medium provided Motient 
with $25 million by purchasing $25 million of exchangeable notes of Motient, 
with another $25 million available.The previously announced $25 million loan 
to Motient will be absorbed by the combin! ed company upon closing of the 
transaction, expected in the third quarter of 2001. At the closing, Motient 
will repay approximately $34 million of its outstanding bank obligations. 
Rare Medium recently laid off 170 employees. The merged company will double 
Motient's current 500 member staff. Motient was advised by J.P. Morgan 
Securities. A Motient spokesperson said that the company has not decided what 
position Glenn Meyers, chairman of Rare Medium Group, will take with the 
newly merged company.   
		http://www.motient.com
		http://www.raremedium.com
		
		
		XCare.net Buys E-Business Firm Confer Software
		 mail? top
		
		 ENGLEWOOD, Colo. (VENTUREWIRE) -- Publicly traded XCare.net, a provider of 
e-business technology, announced that it has agreed to acquire Confer 
Software, a developer of e-business process management systems. XCare.net 
will acquire all outstanding capital stock of Confer for 595,000 shares of 
XCare.net common stock, worth approximately $4.5 million, and $450,000 in 
cash. As a result of this transaction, Ann Ting, president and COO of Confer 
Software, will join XCare.net as CTO. An XCare.net representative said that 
the company would be retaining an undisclosed number of Confer Software 
employees. The Confer headquarters will remain an R&D site for XCare.net. 
Confer Software is backed by CIBC Oppenheimer First Consulting Group, Frazier 
& Co., JC Bradford, LiveOak Equity Partners, Matria Healthcare, Mayfield, Rho 
Management, Robertson Stephens, and Salix Ventures.
		http://www.confer.com
		http://www.xcare.net
		
		
		Escalate Acquires Managize Technology in All-Stock Deal
		 mail? top
		
		 REDWOOD SHORES, Calif. (VENTUREWIRE) -- Escalate, which provides enterprise 
e-commerce applications for integrated selling, said it has acquired the core 
technology and assets of Managize, a supply-chain management and visibility 
application technology company, in an all-stock deal. Full terms of the 
transaction were not disclosed. According to an Escalate spokesperson, 
Managize was approached about the sale when it was preparing to shut its 
doors as a result of inadequate funding. However, Crescendo Ventures, an 
investor in Managize, stressed that the company was not going out of 
business, even though it had laid off 15 people -- a majority of its staff -- 
in April. Escalate is backed by Accel Partners, the Barksdale Group, Charter 
Growth Capital, and Norwest Venture Partners. It employs 135 people and has 
offices in Chicago, New York, and Redwood Shores, Calif. Managize raised 
approximately $8 million in its Series A, its only round.
		http://www.escalate.com
		
		
		Qiva Acquires Supply-Chain Web Software Firm Capstan Systems
		 mail? top
		
		 SAN FRANCISCO (VENTUREWIRE) -- Qiva, which provides global logistics and 
transportation management applications, said that it expects to acquire San 
Francisco-based Capstan Systems, a provider of Web applications for global 
supply-chain execution, within 45 to 60 days for an undisclosed amount. Qiva 
said that no layoffs or office closings are planned. Qiva was founded in 1989 
and has 195 employees in offices in San Francisco, Australia, France, 
Malaysia, and  the U.K. It is backed by Aurora Funds, Bessemer Venture 
Partners, Net Market Partners, and the Valent Group. Capstan is backed by 
Bechtel, Celestica, Craig Walker, FG II Ventures, i2 Technologies, Jafco 
Ventures, Orchid Asia Holdings, and Sterling Payot Co. Founded in 1998, 
Capstan employs 51 people. 
		http://www.capstan.com
		http://www.qiva.com
		
		
		BrainHeart Buys Bankrupt Mobile Internet Division of Linq
		 mail? top
		
		 STOCKHOLM, Sweden (VENTUREWIRE) -- BrainHeart Capital, a venture firm 
focused on the wireless IT industry in Scandinavia, said it bought the mobile 
Internet division of Linq, an IT company that filed for bankruptcy in April. 
Financial details of the all-cash transaction were not disclosed. BrainHeart 
said the acquired division would have a new name by next week and that the 
company was expected to be profitable by the end of the year. Linq's founders 
Jan Morath and Mikael Mandahl will continue to work at the acquired division. 
Linq had raised $36.8 million from Emerging Technology, TekCapital, and six 
Swedish pension funds. BrainHeart has $210 million in assets under 
management. 
		http://www.brainheart.com
		
		
		EMS Technologies Acquires CI Wireless
		 mail? top
		
		 ATLANTA (VENTUREWIRE) -- EMS Technologies, a publicly traded company that 
designs and manufactures wireless and satellite applications, said that it 
has acquired CI Wireless, a supplier of repeaters and other wireless signal 
distribution products. Terms of the deal were not disclosed. CI Wireless will 
relocate to EMS's Atlanta facilities, where its 17 employees have been 
offered positions. The transaction gives EMS Wireless, a division of EMS 
Technologies, two new product areas, which are extended indoor RF coverage 
and outdoor repeaters. Investissements Novacap invested in CI Wireless's only 
round of funding. The company was advised for this deal by Dallas-based law 
firm Munsch Hardt Kopf Harr. 
		http://www.ciwireless.com
		http://www.ems-t.com
		
		
		Parthus Acquires Chicory for $41.4M in Cash and Stock
		 mail? top
		
		 DUBLIN (VENTUREWIRE) -- Parthus Technologies, a publicly traded company that 
provides platform-level semiconductor intellectual property, said that it has 
acquired Austin-based Chicory Systems, which provides semiconductor 
intellectual property, for a total of $41.4 million, including $11.7 million 
in cash and 22.6 million in ordinary shares. An additional 20.5 million 
ordinary shares may also be issued based upon achievement of certain 
performance targets. None of Chicory Systems' 26 employees will be laid off 
and no offices will close. Chicory was advised on this deal by the Austin 
branch of San Jose-based law firm Brobeck. Founded in October 1999, Chicory 
raised $5.3 million through two rounds from Convergent Group and 
individuals.  
		http://www.chicorysystems.com
		http://www.parthus.com
		
		
		JAWZ Sells E-Business Unit to Rubicon for $323,000
		 mail? top
		
		 CALGARY, Canada (VENTUREWIRE) -- JAWZ, a publicly traded provider of secure 
information management products, said it sold its e-business division to the 
division's management and the Rubicon Investment Group, a newly formed 
merchant bank focusing on private equity buy-outs and public market 
investments, for CAD 500,000 ($323,000) in cash. The new company will be 
renamed Centient Solutions and will provide e-business application services 
for business-to-business and business-to-customer companies. Rubicon founders 
Raghu Kilambi and Greg Nuttall hold two seats on Centient's four-member board 
of directors. Centient said it expects to be profitable this quarter. 
		http://www.centientsolutions.com
		
		
		new directors
		?
		CRM Firm Parago Chairman Resigns, Remains on Board
		 mail? top
		
		 DALLAS (VENTUREWIRE) -- Parago, an Internet-based CRM company focusing on 
promotional management, said that Steve Solomon has resigned from his 
position as chairman of the company in order to spend more time in his CEO 
position for CT Holdings, Parago's parent company. Mr. Solomon, who is also 
the founder of Parago, will remain on its nine-member board. Although a 
replacement chairman has not yet been named, Parago's operating duties will 
be assumed by the company's president and CEO Ken Johnsen. Investors in 
Parago include Dain Rauscher Wessels Investors, Seaboard Ventures, TH 
Lee.Putnam Internet Partners, and Watershed Capital. 
		http://www.ct-holdings.com
		http://www.parago.com
		
		
		Infrastructure Provider Eternal Systems Names New Director
		 mail? top
		
		 SANTA BARBARA, Calif. (VENTUREWIRE) -- Eternal Systems, a provider of 
software infrastructure technology for the embedded and enterprise markets, 
announced the appointment of Charles Perrell to its board of directors. Mr. 
Perrell, a co-founder of Network Appliance, will be granted the fourth seat 
on the board, which also includes Joseph Marks and Joel Balbien of Smart 
Technlogy Ventures. In May 2000 Eternal Systems raised $7 million in Series A 
financing from Smart Technlogy Ventures.
		http://www.eternal-systems.com
		
		
		Concellera Adds Two New Board Members
		 mail? top
		
		 MALVERN, Pa. (VENTUREWIRE) -- Concellera Software, a software technology 
firm for Internet marketplaces, has announced two new board members. Jeremy 
P. Coote, president of eCal, and Bruce E. Terker, a co-founder of Geewax 
Terker, have been granted the third and fourth seats on the company's board. 
Also on the board is Daniel Gardner, a partner of Lancaster Investment 
Partners. To date, Concellera has received $4 million in two rounds from 
individual investors who hold a 45% stake in the firm.
		http://www.concellera.com
		
		
		new people
		?
		Guru Appoints Former Spherion Head to Chairman and CEO
		 mail? top
		
		 SAN FRANCISCO (VENTUREWIRE) -- Guru, which operates a career Web site for 
independent professionals, said it has appointed Ray Marcy to the position of 
chairman and CEO. Mr. Marcy was most recently chairman and CEO of publicly 
traded information technology provider Spherion. He replaces Guru's founding 
co-CEOs Jon and James Slavet, who will remain with the company. To date, Guru 
has raised $63 million in financing from investors including American 
Express, August Capital, CS First Boston, Greylock, Investor AB, Texas 
Pacific Group, and WR Hambrecht.
		http://www.guru.com
		
		
		Training Products Firm Cognitive Arts Appoints New CEO
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Cognitive Arts, a developer of Internet-based 
products and services for educational and corporate training, said it has 
appointed Robert C. Daugherty as CEO. Mr. Daugherty replaces Russell C. 
White, who has left the company to pursue other interests. Prior to joining 
Cognitive Arts, Mr. Daugherty served as president and COO of inaQuest.com, a 
provider of commercial commercial printing software until its July 2000 
merger with ProForma.  He also joins as the eighth director on the company's 
board, which includes Rob Bernstein of Leeds Weld, Brian Friedman of FS 
Private investments, and Elliot Royce of GE Equity. To date, the company has 
raised $33 million in three rounds of financing. Backers include Catterton 
Partners, FS Private investments, GE Equity, Leeds Equity Partners, and 
Regent Capital.
		http://www.cognitivearts.com
		
		
		Online Digital Printing Firm Mimeo Appoints New CEO
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- Mimeo, which provides Internet-based digital 
printing services for the production and delivery of business documents, 
announced the appointment of John F. Lyons as its new CEO. Mr. Lyons replaces 
founder Jeff Stewart, who will serve as chief strategist and will remain on 
the company's board of directors. Prior to joining Mimeo, Mr. Lyons served as 
entrepreneur-in-residence at Impact Venture Partners. He joins as the fourth 
member of the board, which includes Ross Goldstein, managing partner of 
Draper Fisher Jurvetson Gotham. In February 2000 Mimeo raised $21 million in 
a first round of funding. Investors include Draper Fisher Jurvetson Gotham, 
Hewlett-Packard, and unnamed individuals. 
		http://www.mimeo.com
		
		
		E-Commerce Firm Callbutton Names First President & CEO
		 mail? top
		
		 DALLAS (VENTUREWIRE) -- Callbutton, a provider of e-commerce technology that 
aims to enable businesses to interact one-on-one with potential and current 
online customers, announced the appointment of Michael Markette as the 
company's new president and CEO. He is the first person to hold this 
position. Prior to his appointment, the company was headed by founder Eric 
Linington, who will continue with the company as its chairman. Before joining 
Callbutton, Mr. Markette headed LeadSwapNetwork, a spin-off of Onyx Software. 
Currently backed by individuals, Callbutton is actively seeking Series A 
financing.
		http://www.callbutton.com
		
		
		vc fund news
		?
		Invesco Closes $150M EuroMedia Fund as Part of $530M Pool 
		mail? top
		
		 NEW YORK (VENTUREWIRE) -- Invesco Private Capital announced the closing of 
EuroMedia Venture Fund at $150 million for early- and expansion-stage 
investments in information technology, communications, broadband 
infrastructure, and global commerce companies. The EuroMedia Venture Fund, 
Citi Venture 2000 with $150 million, and Chancellor V with $230 million are 
three funds that make up the $530 million Chancellor V pool of capital 
Invesco closed on March 31, 2001. EuroMedia and the other two funds will 
co-invest in technology companies. EuroMedia is expected to invest in 
approximately 40 companies over a period of three years and has already 
invested $41 million in 16 communications infrastructure and software 
companies in the U.S. and Europe. EuroMedia also said it expected to announce 
four to five U.S. investments in this quarter. The limited partners in 
EuroMedia Venture Fund include 21 Investimenti; Arnoldo Mondadori Editore; 
Banca Nazionale Del Lavoro; Ciao Holding; Fininvest of Italy, which contri! 
buted $41 million; KirchGruppe; Mediaset; and Monte Dei Paschi di Siena. 
There are six partners handling the fund and Alessandro Piol is the managing 
partner responsible for the EuroMedia Venture Fund. Invesco Private Capital 
manages over $2.3 billion. 
		http://www.privatecapital.invesco.com
		
		
		PSINet Ventures Closing Shop and Liquefying Its Portfolio
		 mail? top
		
		 ASHBURN, Va. (VENTUREWIRE) -- PSINet Ventures, the venture capital unit of 
troubled Internet company PSINet, will not do any more new deals and will 
focus on managing and liquefying its portfolio companies, a source familiar 
with the company told VentureWire. Following the layoffs or departure of all 
but three employees, company treasurer Michael A. Erfurt is managing the 
venture capital unit. PSINet Ventures' portfolio companies include 
AccessBroker.com, a Dallas-based provider of online investing and trading 
services; Agea, formerly agentGO, an application platform developer in 
Austin, Texas; Boulder, Colorado-based Cirdadence, which developed online 
service management technology; Coventus, a Kanata, Ontario provider of 
Web-based applications and remote access services; and Roku Technologies, a 
Chantilly, Va.-based software developer. 
		http://www.psinetventures.com
		
		
		Schneider Electric Launches $44 Million Corporate VC Arm 
		mail? top
		
		 CHICAGO (VENTUREWIRE) -- Schneider Electric, a manufacturer of components 
for electrical distribution, industrial control, and automation, announced 
the formation of Schneider Electric Ventures, a EUR 50 million ($44 million) 
fund to invest in technology and e-business companies with long-term 
potential to enhance Schneider Electric's products and services. Schenider 
said possible areas would include remote monitoring, engineering design 
tools, collaborative project management, micro-power generation, and wireless 
technology. Schneider said it would invest up to $5 million in Series B 
rounds or later and would prefer to co-invest with other venture capital 
firms. The company also said that its equity stake in a startup would not 
exceed 40%. To date, Schneider Electric Ventures has made nine investments, 
among them Entivity, Knexsis, Ixia Soft, and Team Photonics. The fund will 
consider investments in Asia, Europe, and the U.S. and has offices in 
Chicago, Paris, and Singapore. There are five part! ners managing the fund, 
with Jean Francois Masson in Chicago responsible for e-business investments 
and Jean Netter in Paris responsible for technology investments. Schneider 
Electric is headquartered in Paris and traded on the Paris Stock Exchange. 
Telephone 847-925-3513.
		http://www.schneider-electric.com
		
		
		Venture Firm Axiomlab Raises $17.1 Million Second Round 
		mail? top
		
		 LONDON  (VENTUREWIRE) -- Axiomlab, an early-stage venture firm, said it has 
raised GBP 12 million ($17.1 million) in its second round of funding from 
Aberdeen Asset Managers, M&G, Merrill Lynch Investment Managers, Morley Fund 
Management, and individual investors. The company said the financing would be 
used for staff expansion, opening offices in the Midlands, Ireland, and in 
the Northeast area of the U.K., as well as for portfolio investments. To 
date, Axiomlab has invested in eight companies, including auctions2business 
and empiricom. The company said it has a post-money valuation of $46 million, 
with institutional investors owning 50% equity in the company. Axiomlab has 
raised $25.6 million in two rounds of funding and is trading on the London 
Stock Exchange's alternative investment market. 
		http://www.axiomlab.com
		
		
		CalPERS Invests $10 Million in SVCV Fund 2
		 mail? top
		
		 SAN FRANCISCO (VENTUREWIRE) -- Silicon Valley Community Ventures (SVCV), a 
venture assistance fund that provides advisory services and capital, said it 
has secured a commitment of $10 million from CalPERS for its second fund. The 
fund, which has not yet closed, expects to secure additional limited 
partners. The fund will provide equity financing for companies with revenues 
between $1 million to $10 million in low-income communities, mainly in the 
San Francisco Bay area. SVCV typically invests from $250,000 to $1 million in 
initial and follow-on financing in each company. The firm expects to add a 
senior portfolio manager to its team. To date, SVCV has invested $1.69 
million in eight companies and provided a total of $275,000 in loans to three 
companies. This investment in SVCV is part of a $475 million commitment by 
CalPERS to 11 venture capital and private equity firms in an effort to invest 
in the state's urban and rural markets.
		http://www.calpers.ca.gov
		http://www.svcv.org
		
		
		Friends Ivory & Sime Closes 3PC with $61 Million 
		mail? top
		
		 LONDON (VENTUREWIRE) -- Friends Ivory & Sime, an international asset 
management firm, announced closing 3PC Investment Trust,  its 12th  trust, 
with GBP 43 million ($61 million). The firm had targeted raising between $57 
million and $214 million. Friends Ivory & Sime said that up to 40% of the 
fund would be invested in private companies and the remaining 60% will be 
invested in initial public offerings on European stock exchanges. The firm 
said it expects to invest in between 30 to 40 technology and biotechnology 
companies over a period of two years. Friends Ivory & Sime has $53 billion of 
assets under management. Cazenove & Co. acted as the placement agent for 
raising the capital. 
		http://www.friendsis.com
		
		
		vw corrections
		?
		ProfessorQ
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- An item in Tuesday's VentureWire incorrectly 
spelled the name of ProfessorQ's new director David Seldin.
		
		
		Ebrary
		 mail? top
		
		 NEW YORK (VENTUREWIRE) -- A story in Tuesday's VentureWire about Ebrary 
adding to its board, incorrectly identified new board member John Warnock's 
relationship with Ebrary's CEO Christopher Warnock. John Warnock is 
Christopher Warnock's father. 
		
		
		company index
		top
		
		AuctionMart.com, AxiomLab, Bla-Bla.com, BrainHeart Capital, Buzzsaw.com, 
California Public Employees, Callbutton, Capstan Systems, Centient Solutions, 
Chicory Systems, CI Wireless, Cognitive Arts, Concellera Software, Confer 
Software, Creditek, CT Holdings, DataPower Technology, Digiplex, eLedger.com, 
EMS Technologies, Escalate, Eternal Systems, Europolitan Vodafone, EYP 
Mission Critical Facilities, Flatiron Partners, Friends Ivory & Sime Private 
Equity, Guru.com, Hi3G, Infineon Technologies, Invesco Private Capital, 
KeepSmart, KPE, LifeClips.com, Metiom, Mimeo.com, Model N, Motient Satellite 
Ventures, MyBiz.com, OnSite Access, Opsys, Parago, Parthus Technologies, 
PSINet, PSINet Ventures, Qiva, Rare Medium Group, Schneider Electric, Silicon 
Valley Community Ventures, Starwire, STSN, Summit Partners, The MBA Co., TV 
Data Technologies, UGO Networks, VDSL Systems, Viator, Working Woman Network, 
XCare.net 
		
		
		Mobile Outlook - June 5 & 6
		
		The era of the Dick Tracy-style wrist videophone isn't upon
		us yet, but if the current generation of entrepreneurs and
		visionaries has its way, the arrival may not be far off.
		Even in a time of turbulent markets and an unsteady economy,
		the promise of the mobile Internet has turned out to be one
		of the brighter spots, one of the few remaining refuges of
		investors' interest. Technologic's newest Outlook will ex-
		amine the possibilities and pitfalls of mobile connectivity,
		and cover the market and technology opportunities for
		innovators and investors alike.http://www.mobile2001.net/
		
		
		
		investor index
		top
		
		3i Group, APV Technology Partners, Asset Management, Carlyle Venture 
Partners, General Atlantic Partners, Intel Capital, Marriott International, 
On Command, Providence Equity Partners, Quester, Siemens Mustang Ventures, 
Thomvest Holdings, Travelocity, Tribune Media Services, VantagePoint Venture 
Partners, Worldspan
		
		
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			?