======================================================
        VENTUREWIRE --- Wednesday, October 18, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Jamcracker Raises $100 Million Plus in Second Round
o Broadcom To Buy Optical Firm Allayer in $264 Million Deal
o SonicWall Buys Net Security Firm Phobos For $258.9 Million
o Broadband Firm Edgix Gets $50 Million Round Two

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Also in This Issue:

     New Money:
o Customer Feedback Technology Firm Gets $15 Million Round One
o Internet Security Firm Raises $15.6 Million in First Round
o Optical Networking Firm Quake Raises $12 Million Round One
o B2B E-Commerce Service Firm MegaMags Adds $1 Million Seed
o Intranet Application Firm Planet Intra Closes First Round
o Marketing Info Firm NetUsability Gets $2 Million Seed
o Visual Info Firm IdeaLogix Secures $1.7 Million First Round
o Web Browser Tech Firm VisualTop Gets $1 Million First Round
o Wireless Information Firm Let Me Know Raises $3.5 Million
o DoubleClick, Flatiron, Chase Put $7.7 Million in Return Path
o Online Software Market SoftViaNet Gets $915,000 First Round
o Data Service Firm Sonic Telecom Gets $9.8 Million Round Two
o Metreo, Online Profit Management Service, Raises $10 Million
o Online Learning Firm KnowledgeNet Has $30 Million Round Four
o Wireless Infrastructure Firm, Broadbeam, Gets $29 Million
o Dynamic Logic, e-Marketing Analysis Firm, Raises $5 Million
o Infinity Outdoor Takes $5 Million Equity Stake in Kintera
o Workplace Apps Provider CoVia Raises $25 Million Series E
o Cell Innovation Takes 7.7% Interest In Swedish Firm Snapsend
o Member Management Firm MEI Software Secures $1.2 Million
o Mobile Computing Software Developer Callisto Gets Funds

     New Products:
o Wireless Messaging Platform Provider ShareSpan Launches
o Web Greeting Card Site Ecards Changes Name, Broadens Market
o The Carmen Group Launches B2G Incubator DCVentureNet
o Staff Management Site TurboStaff Now Called LiquidMedium

     M&A:
o Online Vintner Wine.com to Acquire European Wine Exchange
o Optical Firm Tellium Acquires Astarte Fiber Networks
o SimplyDone Acquires Scheduling Firm ClickOfTime
o Healthcare IT Firm  HealthNet Buys Two Transcend Divisions
o Mass Medium Acquires Incentive Marketer Powerdime

     New Directors:
o Ex-Nat'l Security Advisor Poindexter Joins Saffron's Board
o E-Business Consultant NetNumina Adds Granum Partner to Board
o Routing Platform Firm Gotham Names Winphoria CEO to Board
o CEO Of Relativity Joins Technology Firm BlueBolt's Board
o IT Firm Kernel Group Adds Updata Partner to Board
o Novarra Appoints Former U.S. Robotics Exec. To Board
o OpsXchange Names New Executive VP and Director

     New People:
o Mixed Media Services Firm How2TV Names New President and CEO
o User Relationship Tech Firm APPower! Names President
o E-Marketing Services Firm Impower Names AT&T Exec President
o Integration Technology Firm Evoke Names New President, COO
o Sales Software Firm UpShot Names President and CEO
o Former Andersen Consulting Exec is Rebel.com President, COO
o Online News Site The Deal Promotes Exec to President
o Online Risk Management Service Provider Names First CEO
o Executive Jet Service eBizJets Names First CEO

     VC Fund News:
o New Israeli Fund Delta Ventures Launches With $60 Million
o Velocity Capital Raises $7 Million, Targets Northwest Firms
o Nash, Sells & Partners Changes Name and Raises New Fund

     VC Personnel:
o Ignition Names Former NextLink CEO As Managing Director
o Atlanta Investor Henagan Joins SSM Ventures As Partner
o Bay Partners Names Kana VP as General Partner
o Anila Names Recruiting Firm Exec as Venture Partner

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======= Top Stories =======

o Jamcracker Raises $100 Million Plus in Second Round

SUNNYVALE, Calif. -- Jamcracker, a Web-based provider
of IT and business applications, said it raised
more than $100 million in second-round funding.
The funding includes $85 million in preferred financing,
led by affiliates of Soros Private Equity Partners,
and more than $15 million in equipment financing.
 Pivotal Asset Management, e4e, The Rolling Thunder
Networks, Morgan Stanley Dean Witter, Goldman Sachs,
Credit Suisse First Boston, Robertson Stephens,
and Bay Partners also contributed funds. Internet
Capital Group, Navis Partners, and First Analysis,
all prior investors, provided financing as well.
The equipment financing was led by GATX Ventures,
with participation from Western Technology Investment,
Third Coast Capital, Transamerica Business Credit,
and Sand Hill Capital. Jamcracker, which received
$42 million in its first round, will use the funds
for product development, to extend its core platform
and support infrastructure, to open new headquarters
and regional offices, and to purchase hardware and
software. Neal Moszkowski, a Soros partner, joined
Jamcracker's board.
http://www.jamcracker.com/
_____________________________________________

o Broadcom To Buy Optical Firm Allayer in $264 Million Deal

SAN JOSE, Calif. -- Broadcom, a publicly traded
company provider of integrated circuits enabling
broadband communications, said it is acquiring Allayer
Communications, a provider of optical networking
technology, in a deal worth about $264 million.
Under the terms of the agreement, Broadcom will
issue in aggregate about 1.23 million shares of
its Class A common stock in exchange for all of
Allayer's outstanding shares. An additional 300,000
shares of Broadcom could be issued to Allayer's
shareholders if certain performance goals are met.
Allayer has received funding from  Acer Capital,
VenGlobal Capital Fund, Greylock, and individual
investors.
http://www.allayer.com/
http://www.broadcom.com/
_____________________________________________

o SonicWall Buys Net Security Firm Phobos For $258.9 Million

SUNNYVALE, Calif. -- SonicWall, an Internet security
technology provider, said it has entered into an
agreement to acquire Phobos, a privately-held Internet
security infrastructure manufacturer based in Salt
Lake City. Under the terms of the agreement, approximately
12.2 million shares and options of SonicWall and
$50 million in cash will be exchanged for all outstanding
shares, options and warrants of Phobos. Based on
SonicWall's closing price of $17.13 on Tuesday,
the cash and stock exchange would have an aggregate
value of $258.9 million. Of the $50 million, $20
million is contingent upon Phobos achieving certain
revenue targets. Phobos has received funding from
Millennium Technology Ventures and Blackstone Group
Holdings and its affiliates.
http://www.sonicwall.com/
_____________________________________________

o Broadband Firm Edgix Gets $50 Million Round Two

NEW YORK -- Edgix, which provides infrastructure
services to broadband access providers, said Chase
Capital Partners led its $50 million Series B financing.
Existing investors Battery Ventures and Venrock
Associates contributed to the funding. The company
also announced the launch of edgeMedia, its flagship
managed caching service.
http://www.edgix.com/

======= New Money =======

o Customer Feedback Technology Firm Gets $15 Million Round One

PALO ALTO, Calif. -- BetaSphere, a provider of Web-based
customer feedback software for marketers and developers,
said it received $15 million in its first round
of funding. Chase Equity Partners and GE Equity
participated in this round. The company will use
the funds to expand into new markets. The company
created the Feedback Manager Server, which integrates
customer feedback into product marketing and development.
http://www.betasphere.com/
_____________________________________________

o Internet Security Firm Raises $15.6 Million in First Round

RESEARCH TRIANGLE PARK, N.C. -- NetOctave, a developer
of silicon-based Internet security services targeted
at system vendors in the network equipment and server
markets, said it secured $15.6 million in its first
round of financing. New investors include Intel
Communications Fund, which invests in companies
which support programs and initiatives in voice
and data communications, and Intersouth Partners,
an early-stage venture fund. Seed investors Kitty
Hawk Capital, MCNC, North Carolina Enterprise, and
Wakefield Group also joined this round. NetOctave
spun off from Celotek, a WAN network security company,
in July 2000.
http://www.netoctave.com/
_____________________________________________

o Optical Networking Firm Quake Raises $12 Million Round One

SAN JOSE, Calif. -- Quake Technologies, a fabless
semiconductor company developing physical layer
chips for high speed optical networking applications,
said it has raised $12 million in financing from
Mohr Davidow Ventures (MDV). MDV partners Robert
Chaplinsky and Jim Smith will join Quake's board
of directors. The company raised $3 million in seed
funds from Brian Potiva, chief executive officer
of ADVA Optical, JDS Uniphase, and undisclosed individual
investors.
http://www.quaketech.com/
_____________________________________________

o B2B E-Commerce Service Firm MegaMags Adds $1 Million Seed

MINNEAPOLIS -- MegaMags, a business-to-business
Internet commerce service provider that offers customized
magazine newsstands for Internet sites, said it
received an additional  $1 million in its seed round
of financing. The company has received funding from
lead investor Quatris Fund, a fund which invests
in primarily Internet commerce products and services,
enterprise applications, convergent media, communications,
and networking ventures. Additional funding came
from MegaMags' founders and existing individual
investors.  MegaMags has raised $2 million to date
and is currently seeking Series A funding of $4
million to $7 million.
http://www.megamagsinc.net/
_____________________________________________

o Intranet Application Firm Planet Intra Closes First Round

MOUNTAIN VIEW, Calif. -- Planet Intra, an Intranet
software application developer, said it closed on
an undisclosed amount of first round funding led
by Indocean Chase Capital Advisors, an affiliate
of Chase Capital Partners. AsiaTechGroup, Itochu,
Linc Media, and Zain Technologies also participated
in the round. Planet Intra will use the funding
to further its expansion into European and Asia
Pacific markets and to develop software applications.
Planet Intra's application enables a medium size
business or division of a large company to collaborate
on projects, documents, schedules and contacts.
http://www.planetintra.com/
_____________________________________________

o Marketing Info Firm NetUsability Gets $2 Million Seed

LONDON -- New online marketing fund, eVerger, said
it provided $2 million in seed funding for London-based
marketing information firm, NetUsability. NetUsability
is developing a product enabling companies to record
customer experience through a virtual focus group.
eVerger was established in April with $100 million
by the Aegis Group and Warburg Pincus. Andrew Burke,
former chief operating officer of eVentures, heads
the new fund, which expects to have a network of
investments in twelve countries by the end of 2001.
http://www.everger.com/
_____________________________________________

o Visual Info Firm IdeaLogix Secures $1.7 Million First Round

BROOKLINE, Mass. -- IdeaLogix, a visual information
management company, said it has secured $1.7 million
in its first round of funding from individual investors.
The company, which is developing hardware and software
products for capturing, storing, analyzing and streaming
video information, said it will use the funds to
develop its technology platform and products.
http://www.idealogix.com/
_____________________________________________

o Web Browser Tech Firm VisualTop Gets $1 Million First Round

NEW YORK -- VisualTop, a developer of Web site navigation
technology, said it closed its first round of financing
with $1 million from Tel-Aviv based Giza Venture
Capital. VisualTop said it will use the money for
research and development and to launch its product,
Navixo, scheduled for later this fall. The company
is in the process of raising an additional $2 million
to $3 million dollars. A representative of Giza
will receive a seat on VisualTop's four-member board
of directors.
http://www.navixo.com/
_____________________________________________

o Wireless Information Firm Let Me Know Raises $3.5 Million

TEL AVIV -- Let Me Know Technology, a provider of
mass synchronized distribution of information through
online and wireless devices, said it raised $3.5
million in its first round of funding. The round
was financed by investors including the Aria Venture
Fund and Formula Ventures. The company said it will
use the funding to support its marketing and development
activities, concentrating on Asian and European
markets. Roni Zor, with the Aria Venture Fund, will
take a seat on the Let Me Know board of directors
as a result of the funding.
http://www.letmeknow-technology.com/
_____________________________________________

o DoubleClick, Flatiron, Chase Put $7.7 Million in Return Path

NEW YORK -- DoubleClick, a provider of ad delivery
technology, along with Flatiron Partners and Chase
Capital Partners, will invest $7.7 million in Return
Path, an e-mail management and change-of-address
service. The investment will close Return Path's
second round of funding. DoubleClick has the option
over the next year to invest up to $10 million in
the company. Return Path will use the funding to
expand its service for its corporate and consumer
clients. Return Path and DoubleClick have formed
a channel partnership through which DoubleClick
will offer Return Path's services to its e-mail
clients. Jonathan Shapiro, DoubleClick's senior
vice president of data services, and Phil Summe,
from Flatiron Partners, will join Return Path's
board of directors.
http://www.doubleclick.net/
http://www.returnpath.net/
_____________________________________________

o Online Software Market SoftViaNet Gets $915,000 First Round

LONDON -- SoftViaNet, which operates an online software
retail site, said it raised FFR 7 million ($915,000)
in its first round of funding. The round included
investments from TriNova, based in Lyons, and individual
investors including a prominent former Exxon manager.
The company, which sells the downloadable software
online, said it will use the funding to translate
its Web site into German and Spanish. The company
already operates English- and French-language versions
of the site. An undiclosed individual investor will
take a seat on the company's board of directors
as a result of the financing.
http://www.softbynet.com/
_____________________________________________

o Data Service Firm Sonic Telecom Gets $9.8 Million Round Two

CHANTILLY, Va. -- Sonic Telecom, a global data services
provider, said it has raised $9.8 million in its
second round of funding from Broadwing Communications,
Incentis, Saudi Cable Co., MasTec, Robin Hood Ventures,
and several individual investors. Viatel also participated,
acquiring additional shares under an existing agreement.
Sonic Telecom said it will use the funding for expansion
of its international sales force and for its global
marketing and customer care.
http://www.sonictelecom.com/
_____________________________________________

o Metreo, Online Profit Management Service, Raises $10 Million

PALO ALTO, Calif. -- Metreo, which provides online
profit management services, said it raised $10 million
in its Series B funding. The round included investments
from Sequoia Capital, Prospect Venture Partners,
and the Mentor Capital Group. The company said it
will use the funding to continue development and
marketing activities for its product. All three
investment companies have representatives on the
company's board of directors.
http://www.metreo.com/
_____________________________________________

o Online Learning Firm KnowledgeNet Has $30 Million Round Four

SCOTTSDALE, Ariz. -- KnowledgeNet.com, a provider
of online learning products, said it received $30
million in fourth round funding from new investor
Cisco Systems as well as existing investors Morgenthaler
Partners, Sierra Ventures, Trinity Ventures, and
Berkeley International Capital. Thomas Kelly, vice
president of Cisco's worldwide training group, will
join KnowledgeNet's board of directors as a board
observer. The company will use the funds to develop
its Internet-based training technology, sales, and
marketing.
http://www.knowledgenet.com/
_____________________________________________

o Wireless Infrastructure Firm, Broadbeam, Gets $29 Million

PRINCETON, N.J. -- Broadbeam, a provider of wireless
infrastructure provider, said it secured $29 million
in a round of financing led by ABS Capital Partners
with Nassau Capital, The Co-Investment 2000 Fund,
StarVest Partners, Allegra Partners, and Dime Capital
Partners contributing. Timothy T. Weglicki, a partner
of ABS Capital Partners, joined the board of directors.
The funds will be used for product development,
sales, and marketing.
http://www.broadbeam.com/
_____________________________________________

o Dynamic Logic, e-Marketing Analysis Firm, Raises $5 Million

NEW YORK -- Dynamic Logic, which provides analysis
on online marketing effectiveness, said it raised
$5 million in its Series C round of funding. The
round was funded entirely by eVerger, a $100 million
fund formed by the Aegis Group and Warburg Communications.
The company said it will use the funding for new
marketing initiatives, additional researchers, and
customer support. eVerger will take a seat on the
company's board of directors as a result of its
investment.
http://www.everger.com/
http://www.dynamiclogic.com/
_____________________________________________

o Infinity Outdoor Takes $5 Million Equity Stake in Kintera

SAN DIEGO -- Kintera, which provides Internet fundraising
services to charitable non-profit educational and
political organizations, said Infinity Outdoor,
a North American outdoor advertising company, will
take an equity stake in the company. Kintera will
issue $5 million worth of its preferred stock to
Infinity Outdoor, a wholly owned subsidiary of publicly-traded
Infinity Broadcasting, in exchange for $5 million
in Infinity Outdoor advertising displays. Kintera's
backers include Prudential Securities and individual
investors.
http://www.kintera.com/
http://www.infoutdoor.com/
_____________________________________________

o Workplace Apps Provider CoVia Raises $25 Million Series E

MOUNTAIN VIEW, Calif. -- CoVia, a provider of interactive
workplace applications, said it has raised over
$25 million in its Series E round of funding led
by new investor American Express Financial. Pogue
Capital, also a new investor, and previous investors
Adobe Ventures, Granite Ventures, SAP, Viridian
Capital, and Dain Rauscher Wessels joined several
late stage and crossover fund investors to invest
in this round. CoVia said it will use the funding
for expansion.
http://www.covia.com/
_____________________________________________

o Cell Innovation Takes 7.7% Interest In Swedish Firm Snapsend

STOCKHOLM -- Cell Innocation, Cell Network's venture
capital arm, said it is investing in Swedish firm
Snapsend, an Internet digital photo service. Cell
Innovation said it has taken a 7.7% equity interest
in Snapsend, which has also received funding from
Wikow Invest, Core Ventures, AU-system, and Element
Park.
http://www.snapsend.se/
_____________________________________________

o Member Management Firm MEI Software Secures $1.2 Million

RESTON, Va. -- MEI Software Systems, a provider
of application software and member management systems
for associations and member-based organizations,
said it has secured $1.2 million from previous investors
Nextgen and MidAtlantic Ventures. The company said
it will use the funds to develop new products and
customer support initiatives.
http://www.meisoft.com/
_____________________________________________

o Mobile Computing Software Developer Callisto Gets Funds

WHEATON, Ill. -- Callisto Software, a developer
of mobile computing management software, said it
secured an undisclosed amount of additional venture
capital from previous investors ARCH Venture Partners,
The Ohio Partners, which is headed by former CompuServe
president and CEO Maury Cox. The funds will be used
to expand sales, marketing, and product development.
http://www.callisto.com/

======= New Products =======

o Wireless Messaging Platform Provider ShareSpan Launches

STAMFORD, Conn. -- ShareSpan, a developer of a content
aggregation, management, and distribution platform
that supports wireless browsers and devices, announced
its launch. ShareSpan received $300,000 in seed
funding from its parent company Heynetwork.com,
which has since spun off the company. ShareSpan
is also backed by Redwood Partners, Riverside Management
Group, and individual investors.
http://www.sharespan.com/
_____________________________________________

o Web Greeting Card Site Ecards Changes Name, Broadens Market

TORONTO -- Ecards.com, which has been operating
as an Internet greeting card site, said it has changed
its name to Blab.com and expanded its offerings
in the entertainment market. The company cited several
reasons for the change: Ecards conflicted with another
Web site called E-cards, so the companies settled
on "amicable" terms, agreeing that Ecard visitors
will be redirected to Blab.com. The company said
that in addition to offering cards, it has added
new features to its Web site such as trivia games
and services that enable customers to make their
own invitations and award certificates. Blab.com
is funded by individual investors.
http://www.blab.com/
_____________________________________________

o The Carmen Group Launches B2G Incubator DCVentureNet

WASHINGTON, D.C. -- The Carmen Group, a professional
advocacy and government relations firm, said it
launched DCVentureNet. A wholly owned subsidiary
of The Carmen Group, DCVentureNet will provide business-to-government
office facilities, financial backing, and technical
support. Stephen Goldsmith, former Mayor of Indianapolis,
will act as managing director of DCVentureNet. The
subsidiary's board includes Raul J. Fernandez, president
and CEO of Proxicom; Abe Pollin, chairman of Washington
Sports & Entertainment; Joe Wright, vice chairman
of Terremark Worldwide; Carol Anderson, managing
director of TSG International; and H. Patrick Swygert,
president of Howard University. DCVentureNet plans
to incubate around twelve companies.
http://www.dcventurenet.com/
_____________________________________________

o Staff Management Site TurboStaff Now Called LiquidMedium

PLEASANTON, Calif. -- TurboStaff, which provides
business-to-business workforce management technology,
said it changed its name to LiquidMedium to better
reflect its services. LiquidMedium provides electronic
sourcing, purchase orders, order tracking, timesheet
submission and approval, and payments. The company
is funded by individual investors.
http://www.liquidmedium.com/

======= M&A =======

o Online Vintner Wine.com to Acquire European Wine Exchange

NAPA, Calif. -- Wine.com said it has signed an agreement
to acquire European Wine Exchange (EWX), an electronic
commerce company aimed at both the business-to-business
and business-to-consumer market in Germany. The
EWX site will be integrated into the wine.com U.S.
site in 2001, and will serve the German wine market
via the URL www.wine.de.  EWX co-founder Tarek El
Din will continue as the managing director of wine.com's
German efforts. His partner, Marc Steiner, will
remain with the company in an advisory role. Wine.com
and WineShopper.com recently announced they were
merging. Wine.com is backed by TH Lee. Putnam Internet
Partners, New Millennium Partners, GE Capital, MediaOne
Ventures, Inroads Partners, Alpine Technology Ventures
and Applied Technology.
http://www.wine.com/
_____________________________________________

o Optical Firm Tellium Acquires Astarte Fiber Networks

OCEANPORT, N.J. -- Tellium, a provider of intelligent
optical switches, said it acquired Boulder-based
Astarte Fiber Networks, which designs and manufactures
photonic fiber-optic matrix switching systems used
in high-speed optical networks. Details of the deal
were not disclosed. Tellium said the Astarte acquisition
was intended to support the development of the company's
all optical switch. Tellium is backed by investors
including Accel Partners, Blue Rock Capital Investors,
Cisco Systems, Oak Investment Partners, Ortel, Pequot
Capital, SAIC Telcordia, Thomas Weisel Partners,
and Worldview Technology Partners.
http://www.starswitch.com/
http://www.tellium.com/
_____________________________________________

o SimplyDone Acquires Scheduling Firm ClickOfTime

LOS ANGELES -- SimplyDone Business Solutions said
it acquired online scheduling company ClickOfTime.
SimplyDone offers online services such as appointment
scheduling, Web catalogs, pricing estimators, and
customer relationship management tools to the service
industry. Terms of the deal were undisclosed. The
company is laying off an undisclosed number of staff,
but Jay Goss, ClickOfTime's chief executive officer,
will remain as senior director of customer support.
SimplyDone is funded by Idealab Capital Partners
and SBC Interactive.
http://www.simplydone.com/
http://www.clickoftime.com/
_____________________________________________

o Healthcare IT Firm  HealthNet Buys Two Transcend Divisions

DALLAS -- Provider HealthNet Services, which provides
information services to the healthcare industry,
said it acquired Co-Sourcing and CodeRemote, two
divisions of publicly-traded Transcend Services,
in an undisclosed cash transaction. Both companies
provide electronic medical record management. Provider
is funded by Credit Agricole Indosuez, Navis Partners,
Ferrer Freeman & Thompson, and Gryphon Capital.
http://www.phns.com/
_____________________________________________

o Mass Medium Acquires Incentive Marketer Powerdime

NEW YORK -- Mass Medium, parent company of Milesource.com,
said it acquired incentive marketer Powerdime.com.
Terms of the deal were undisclosed. Milesource,
also an incentive marketer, enables members to earn
points when they purchase from the Web site or refer
someone to the site. Powerdime members will automatically
be transferred to Milesource, where they can redeem
their points. Milesource has offered employment
to all Powerdime staff and CEO Brian Kreiter will
remain part of the management team. MileSource is
funded by BCI Partners.
http://www.milesource.com/
http://www.powerdime.com/

======= New Directors =======

o Ex-Nat'l Security Advisor Poindexter Joins Saffron's Board

RESEARCH TRIANGLE PARK, N.C. -- Saffron Technology,
a provider of software that keeps track of customer
preferences to enable vendors tailor their products
and offerings, said it has appointed Vice Admiral
(VADM) John M. Poindexter to its board of directors.
VADM Poindexter, who was national security advisor
under former President Reagan, serves as senior
vice president of information systems at Syntek,
a professional services firm. Saffron is backed
by the Aurora Funds and individual investors.
http://www.saffrontech.com/
_____________________________________________

o E-Business Consultant NetNumina Adds Granum Partner to Board

BOSTON -- NetNumina Solutions, an online business
systems integrator and consultant, said it named
Peter Williams as the fifth member of its board
of directors. Mr. Williams is managing partner of
Granum Partners, a private equity fund specializing
in early stage communications ventures. The company
completed its first round of financing in May. The
company is backed by Greylock, BancBoston Venture
Partners, TA Associates, Allaire, and BEA Systems.
http://www.netnumina.com/
_____________________________________________

o Routing Platform Firm Gotham Names Winphoria CEO to Board

ACTON, MA -- Gotham Networks, which is developing
a switching and routing platform, said it named
Michael Champa, president and CEO of networking
startup Winphoria Networks, to the sixth seat on
its board of directors. The company was founded
in July 1999 with funding from Charles River Ventures
and Bessemer Ventures. Crescendo Ventures and Comdisco
Ventures joined the original investors in Gotham's
second round financing last month, bringing its
total funding to $33 million.
http://www.gothamnetworks.com/
_____________________________________________

o CEO Of Relativity Joins Technology Firm BlueBolt's Board

DURHAM, N.C. -- BlueBolt Networks, a technology
company that focuses on the interior design industry,
said it has appointed Vivek Wadhwa, founder and
chief executive officer of Relativity Technologies,
to its board of directors. BlueBolt is backed by
Wakefield Group and Gray Ventures. The company said
it is seeking its second round of funding, set to
close late in the fourth quarter.
http://www.bluebolt.com/
_____________________________________________

o IT Firm Kernel Group Adds Updata Partner to Board

AUSTIN -- The Kernel Group, which designs, deploys,
and manages infrastructures, said it added Updata
Venture partner Tim H. Meyers to its board of directors.
TKG recently raised $4 million in its first round
from Updata Venture Partners and also added venture
partner John H. Burton to its board. The company
plans to expand and develop its two products, Bare
Metal Restore, a data recovery software, and AutoTrace,
which identifies defects in a software product.
http://www.tkg.com/
_____________________________________________

o Novarra Appoints Former U.S. Robotics Exec. To Board

DEERFIELD, Ill. -- Novarra, a provider of wireless
Internet commerce technology, said it has appointed
Semir D. Sirazi, former senior executive at U.S.
Robotics, to its board of directors. Mr. Sirazi
has made a significant investment in Novarra, and
is a strategic adviser to the company. Novarra,
formerly InfoSpeed,  is backed by JK&B Capital,
Skyscraper Ventures, and Kettle Partners.
http://www.novarra.com/
_____________________________________________

o OpsXchange Names New Executive VP and Director

SAN FRANCISCO -- OpsXchange, which provides e-procurement
services to real estate operators and suppliers,
said it named Howard Hoover as the company's executive
vice president and to its board of directors. Mr.
Hoover previously co-founded American Residential
Services/American Mechanical Services. Investors
for OpsXchange include SAP Ventures, Cohen & Steers
Capital Management, and Vortex Partners.
http://www.opsxchange.com/

======= New People =======

o Mixed Media Services Firm How2TV Names New President and CEO

LOS ANGELES -- How2TV, a rich media services provider
for manufacturers, bricks-and-mortar retailers,
and e-commerce sites, said it named Herio R. Arcangeli
Jr. as president and CEO. Mr. Arcangeli previously
served as vice president/general manager in the
consumer products division for Yamaha Corp. of America.
He replaces founder Rick Carroll, who will remain
as chairman of the board of directors. How2TV creates
mixed-media instruction packages for retailers and
manufacturers containing graphics and diagrams that
help customers assemble or operate products they
have purchased. The company is backed by Chase Capital
Partners, Chase Capital Entertainment Partners,
Thomas Weisel Partners, Staenberg Private Capital,
and individual investors including Michael Karlin
of S1 Technologies, Gregg Freishtat of VerticalOne,
Jeff Levy of Relevant Knowledge, Jack Jolley of
Quadra Finance, and others.
http://www.how2tv.com/
_____________________________________________

o User Relationship Tech Firm APPower! Names President

SAN MATEO, Calif. -- APPower!, a provider of user
relationship management technologies which creates
open lines of communication between software application
users and software vendors and publishers, said
that R.J. Van Stetson has been named the company's
first president. Mr. Van Stetson most recently served
as vice president of marketing and dedicated sales
for a telecommunications broadband data startup.
The company has raised more than $2.5 million in
its first round, led by Jerusalem Global Ventures
along with The Scientist Organization, both Israeli
firms. APPower!'s Research and Development center
is located in Tel Aviv. The company said it hopes
to begin its second round of financing within the
next few weeks.
http://www.appowerinc.com/
_____________________________________________

o E-Marketing Services Firm Impower Names AT&T Exec President

PRINCETON, N.J. -- Impower, an electronic marketing
services firm, said it has appointed former vice
president of consumer e-business at AT&T, Karen
Varhley, to the position of president. She will
replace Eric Zilling, who has been named chief vision
officer. Mr. Zilling was part of the founding management
team of Impower. Both will report to Donn Rappaport,
the chairman and chief executive officer. Impower
is backed by Counsel Corp. of Toronto, which invested
$15 million in the company in November 1999.
http://www.impower.com/
_____________________________________________

o Integration Technology Firm Evoke Names New President, COO

SAN FRANCISCO -- Evoke Software, which provides
integration technology for online businesses, said
it named Rick Cortese as president and chief operating
officer, both new positions for the company.  Mr.
Cortese was previously president and chief executive
officer for Experian's information solutions division,
which provides information to credit reporting and
direct marketing industries. Evoke Software is backed
by Signal Equity, GE Equity, Wheatley Partners,
Axiom Venture Partners, and RRE Investors.
http://www.evokesoft.com/
_____________________________________________

o Sales Software Firm UpShot Names President and CEO

MOUNTAIN VIEW, Calif. -- UpShot.com, which develops
sales-force automation software for sales teams,
announced that it has named Robert K. Reid as president
and CEO. Reid replaces UpShot founder Keith Raffel,
who will continue with the company as chairman.
Mr. Reid was previously president of the Concur
Commerce Network. UpShot's backers include ABN AMRO
Private Equity, Ensley Partners, FrontLine Capital
Group, New England Partners, Advanced Technology
Ventures, Alloy Ventures, Worldview Technology Partners,
and individual investors including Bob Finocchio,
chairman of Informix; Ken Oshman, chief executive
officer of Echelon; Tom Proulx, chief executive
officer of Netpulse; and Ben Rosen, chairman of
Compaq Computer.
http://www.upshot.com/
_____________________________________________

o Former Andersen Consulting Exec is Rebel.com President, COO

OTTAWA -- Rebel.com, a provider of business networking
technology, said it appointed Solly Patrontasch
as president and chief operating officer. Mr. Patrontasch
was a partner in the Ottawa office of Andersen Consulting
responsible for business development. Mr. Patrontasch
replaces Michael Mansfield, former president and
COO, who will remain with the company as an executive
advisor and member of the board of directors. Rebel.com
is backed by individual investors.
http://www.rebel.com/
_____________________________________________

o Online News Site The Deal Promotes Exec to President

NEW YORK -- The Deal, a media company that provides
news to the financial, corporate, and legal markets,
said it has promoted Kevin Worth from chief strategic
officer to the company's first president. Prior
to joining the company, Mr. Worth was a senior executive
at American Lawyer Media, a media company focused
on the legal market. The Deal is funded by U.S.
Equity Partners.
http://www.thedeal.com/
_____________________________________________

o Online Risk Management Service Provider Names First CEO

NEW YORK -- Sakonnet Technology, a provider of online
risk management services to companies trading in
commodities said it named Stephen Sinacore as its
first chief executive officer. Mr. Sinacore previously
served as managing director and head of European
fixed income trading at Greenwich Captial, the fixed-income
trading subsidiary of Royal Bank of Scotland. Sakonnet
Technology is backed by individual investors.
http://www.sknt.com/
_____________________________________________

o Executive Jet Service eBizJets Names First CEO

HINGHAM, Mass. -- EBizJets, an executive jet transportation
services company, said it appointed John I. Williams,
Jr. as its first chief executive officer. Mr. Williams,
an instrument-rated pilot, previously served as
president and CEO of Biztravel.com, a travel Web
site, and as a vice president for American Express.
eBizJets is a portfolio company of CSFB Private
Equity, the private investment arm of the global
Credit Suisse Group.
http://www.ebizjets.com/

======= VC Fund News =======

o New Israeli Fund Delta Ventures Launches With $60 Million

TEL AVIV -- Delta Ventures announced the close of
its first fund. The new Israeli venture capital
firm raised $60 milllion from investors including
Nomura International and Poalim Capital Markets.
The company said the seed fund will make investments
in communications, semiconductors, and electronics
companies. The firm said it will make investments
primarily within Israel.
http://www.delta-ventures.com/
_____________________________________________

o Velocity Capital Raises $7 Million, Targets Northwest Firms

SEATTLE -- Velocity Capital announced it has raised
$7 million in its venture capital fund for Velocity
Capital Partners. The fund targets early-stage Northwest
companies seeking pre-venture funding before raising
a larger funding round. The firm said it intends
to invest between $100,000 and $500,000 in 20 companies.
So far, Velocity, which was founded by managing
partner David Alhadeff, currently has in its portfolio
Worldcatch.com, PlyMedia, PlayNetwork and SeasonTicket.com.
Additionally, Velocity announced it has teamed up
with Sequoia Capital to identify and invest in Northwest-based
opportunities. The company's backers include Whitney
& Co. and The Mathew G. Norton Company, as well
as  executives from Northwest-based technology and
non-technology companies.
http://www.velocitygroup.com/
_____________________________________________

o Nash, Sells & Partners Changes Name and Raises New Fund

LONDON -- Nash, Sells, and Partners, an English
venture capital firm, said it is changing its name.
The company said that the new name of the firm will
be Sovereign Capital, beginning November 1. The
firm also said it is raising a new fund.
http://www.nashsells.co.uk/

======= VC Personnel =======

o Ignition Names Former NextLink CEO As Managing Director

KIRKLAND, Wash. -- Ignition, an investment company
designed to fund, mentor, and build wireless startups,
said it named Steve Hooper joined the firm full
time as managing director and partner. Mr. Hooper,
who helped found Ignition earlier this year,  formerly
served as chief executive officer of NextLink Communications,
Teledesic, McCaw Cellular Communications, and AT&T
Wireless Services. Ignition has made three investments
in etrieve, UIEvolution, and Avogadro. Ignition
has also, through its Ignition Venture Fund, made
more passive investments in companies including
TellMe, Everypath, Nimble, and mDiversity.
http://www.ignitioncorp.com/
_____________________________________________

o Atlanta Investor Henagan Joins SSM Ventures As Partner

MEMPHIS -- SSM Ventures, a Southern venture capital
firm with a $156 million in capital, said Bill Henagan
joined the firm as a general partner. Mr. Henagan,
who has invested in and advised early stage information
technology companies in the Atlanta area, is one
of the funding members of Atlanta Technology Angels.
SSM said it plans to open an office in Atlanta early
next year and begin a new fund this Fall. The venture
capital firm invests in online businesses and related
infrastructure.
http://www.ssmventures.com/
_____________________________________________

o Bay Partners Names Kana VP as General Partner

CUPERTINO, Calif. -- Bay Partners, a venture capital
firm that invests in early-stage data networking,
wireless, and software fundamental technology companies,
said it named Chris Noble as general partner. Mr.
Noble was most recently the vice president of marketing
at Kana Communications and is on the board of directors
of three Bay Partners' portfolio companies: Jarna,
iSpheres, and RightFreight.
http://www.baypartners.com/
_____________________________________________

o Anila Names Recruiting Firm Exec as Venture Partner

PALO ALTO, Calif. -- Anila Fund, which provides
early stage funding to optical and broadband companies,
said Gary Schlageter has joined the company as venture
partner. Mr. Schlageter is founder and manager of
Open Systems Consultants, an executive recruiting
firm for data and telecommunications companies.
The company said Mr. Schlageter will help Anila
hire management teams for their portfolio companies.
Prior to joining Open Systems, Mr. Schlageter was
founder and vice president of marketing at RouterWare,
a data communications protocol company.
http://www.anila.com/

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