?	
?	VentureWire
	Friday, May 18, 2001		?
?	CONTENTS| COMPANIES| INVESTORS| ADVERTISE| TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 710.0 ? -0.41%	?
? 		
		
		top stories
		
		 Online Deliverer WhyRunOut.com Acquires Over 90% of PDQuick 
		 Red Herring Makes Third Round of Layoffs, Cuts 20%
		 Vulcan Ventures Buys Small World Media
		 MyCFO Acquires Seattle Firm, Cuts 10% of Staff
		
		UPCOMING EVENTS
		Mobile Outlook 2001
		Just announced! George Davis, Aether Systems, announced as keynote speaker. 
Register to hear what he has to say!
		
		TODAY'S FEATURES
		On The Road: Tradeworx Looks Good To Katalyst
		By Taran Provost
		Road shows are part of the business for John Fitzgerald, vice president of 
the Philadelphia-based investment banking house Katalyst.more>>
		
		
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		Standard Life Launches First VC Trust
		By Jonathan Shieber
		Standard Life Investments, the Edinburgh-based subsidiary of The Standard 
Life Assurance Company with GBP 78 billion ($111 billion) assets under 
management, said it launched its first venture capital trust, Standard Life 
European Private Equity Trust, with an anticipated market capitalization of 
GBP 160 million.more>>
		
		Escalate Steps Up Acquisitions
		By Jeffrey Sanders
		Redwood Shores, Calif.-based Escalate, which provides enterprise e-commerce 
applications for integrated selling, is actively pursuing up to four 
additional acquisitions this year, president and CEO Keng Lim told 
VentureWire.more>>
		
		IT Security Firm NFR Expands Internationally, Seeks Partners
		By Lizbeth Scordo
		NFR Security, which develops information security products, plans to double 
its number of strategic partners, currently at 60 or 70, in the next twelve 
months, open several international offices, and become profitable before the 
end of the year, CEO Jack Reis told VentureWire.more>>
		
		SmartSeed Raises First Institutional Fund 
		By Suzanne Segers Travers
		Smart Seed of Vancouver, B.C., is raising its first institutional fund, and 
hopes to close on CAD $50 million ($32.5 million) by June, according to 
general partner Shaheen Tejani.more>>
		
		
		
		
		new money
		
		 Service Resources Gets $32.5 Million Round One, Appoints COO
		 Elisabeth Murdoch's Shine Entertainment Gets $8.6M Round One
		 Heart Treatment Tech Firm LifeLink MD Caps Series A at $1.6M
		 Tech Publishing Firm FierceWireless Gets Seed Funding
		 Pryor Resources Closes $18 Million Round Two
		 Stick Networks Secures $12M in Initial Close of Series B 
		 TechHealth Gets Round Two Funds; Names Chairman, CEO
		 eRealty.com Receives $15 Million in Second Round 
		 ERisk Raises $10 Million Second Round
		 eVu Technology Secures $1M of a $3M Series B
		 PureCarbon Lands Series B Funding
		 SI Automation Raises $3.5 Million Second Round
		 Visual Friendly Raises $1.9 Million
		
		
		bad news
		
		 UltraDNS Lays Off 65% of its Staff; CEO Resigns
		 PinPoint Networks Lays Off a Third of Staff 
		 Luxlook.com Goes Out of Business 
		
		
		new products
		
		 KorTeam Changes Name to Breveon
		
		
		m&a
		
		 Exus Networks Acquires Broadband Access Firm Negen 
		 BondVision Acquires BondClick
		 Manhattan Scientifics Acquires Teneo Computing
		
		
		new directors
		
		 Broadband Tech Firm IPWireless Appoints Chairman
		 Former McKinsey Exec Joins Board at Graviton 
		 Mobile Technology Firm Aeritas Appoints Chairman 
		
		
		new people
		
		 CEO of Healthcare Software Maker eMed Technologies Resigns
		 Porivo Technologies Appoints Ex-NBC Internet Exec as CEO
		 Infraworks Names New Chief Executive Officer
		 InterCure Names New President and CEO 
		 Biotech Firm Metabolex Appoints President & COO
		
		
		vc fund news
		
		 Suez Takes 18% Stake in Europatweb for $116 Million 
		 Sun Capital Partners Closes $200 Million Buyout Fund
		
		
		vc personnel
		
		 Goldman Sachs Exec Joins iFormation as Managing Director
		
		
		vw corrections
		
		 EYP Mission Critical
		
		TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... M&A... NEW 
DIRECTORS... NEW PEOPLE... VC FUND NEWS... VC PERSONNEL... VW CORRECTIONS
		
		
		top
		
		
		Hot New Development - Mobile Outlook, June 5 & 6,
		San Francisco Airport Marriott
		
		Exciting, new speakers have just been added to Mobile
		Outlook. George Davis, vice chairman and president of
		Aether Systems, will discuss how his company powers
		mobile and wireless data services for Charles Schwab,
		National Discount Brokers, Allegiance Health Care, the
		U.S. Postal Service, Office Depot, Nissan, and more.
		
		With industry leaders and trendsetters such as George
		Davis planning to be in attendance at Mobile Outlook,
		why aren't you? Mobile Outlook is less than 3 weeks away,
		so register online today:http://www.mobile2001.net/register.asp
		
		
		
		top stories
		?
		Online Deliverer WhyRunOut.com Acquires Over 90% of PDQuick 
		mail? top
		
		ALISO VIEJO, Calif.  (VENTUREWIRE) -- WhyRunOut.com, an online provider of 
neighborhood retail and delivery services in Southern California, said it 
acquired over 90% controlling interest in PDQuick, an online delivery service 
of groceries and convenience products to customers in Southern California. 
Financial details of the all-cash transaction were undisclosed. 
WhyRunOut.com's CEO Daniel A. Frahm said the company hired 10 former PDQuick 
employees that were previously laid off but was planning on closing PDQuick's 
Camarillo, Calif.-based headquarters. Prior to the acquisition PDQuick laid 
off all of its 30-person staff. PDQuick could not be reached for comment, but 
Mr. Frahm said PDQuick's CEO Dan Frederickson will not be working with the 
acquired company. The acquisition allows WhyRunOut.com to service Los Angeles 
and provide all of Southern California with delivery services. Mr. Frahm also 
said WhyRunout.com approached PDQuick about the acquisition. At the end of 
April, PDQuick said it failed to r! aise additional capital and was looking 
for buyers. The company had also tried to align with the online delivery 
service Kozmo, which folded in April. PDQuick had raised over $35 million in 
three rounds from Brand Equity Ventures, Corber, GE Capital, Graystone 
Venture Partners, Portage Venture Partners, St. Paul Venture Capital, TH 
Lee.Putnam Internet Partners, and William Blair Capital Partners. 
WhyRunOut.com, which is currently profitable, has raised an undisclosed 
amount of funding in four rounds from individual investors. 
		http://www.pdquick.com
		http://www.whyrunout.com
		
		
		Red Herring Makes Third Round of Layoffs, Cuts 20%
		mail? top
		
		SAN FRANCISCO (VENTUREWIRE) -- Red Herring Communications, a publisher of 
print and online news publications and an organizer of events covering the 
high-tech industry, said it laid off 54 employees, or 20% of its staff. A 
company spokesperson said most of the layoffs occurred in the online 
division, but the corporate and events departments were also affected. Red 
Herring laid off 32 employees in December and 22 in October. The spokesperson 
said the company made the recent layoffs in response to the slowdown in print 
and online advertising and the outsourcing of some of its back-end 
operations. He said the layoffs would not affect the online publication's 
day-to-day operations, since the editorial staff has been working jointly 
with the online division since October. The company does not anticipate more 
layoffs. It recently closed a $15 million round of funding from previous 
investor Broadview Capital Partners. Other investors include Broadview 
Associates and ZDNet, which was acquired by CNET Networks! last October.
		http://www.redherring.com
		
		
		Vulcan Ventures Buys Small World Media
		mail? top
		
		LOS ANGELES (VENTUREWIRE) -- Vulcan Ventures announced it has acquired New 
York-based Small World Media, which provides fantasy sports games and 
operates smallworld.com. Small World Media will become part of The Sporting 
News, which was acquired by Vulcan Ventures in February 2000. Terms of the 
deal were not disclosed, but the deal was valued based on Small World Media's 
discounted cash flows, cash flow projections, and membership base. Private 
investment advisor Tom Cohen advised Small World in the deal. Backed by over 
$20 million in funding from Flatiron Partners, Sports Capital partners, NBC, 
and NBCi, Small World had been in discussions for acquisition for the past 
year; it also anticipated reaching profitability in the fourth quarter this 
year. Nineteen of the company's 22 former employees will join the 
approximately 300-person staff at The Sporting News. Controller Pauline 
Rutberg, COO Don Mathis, and executive vice president of corporate 
development Leigh Randall have left the company. Sm! all Media will continue 
to operate in its New York offices and its founder and former CEO Mark 
Jacobstein will become vice president and general manager of fantasy sports 
of The Sporting News.
		http://www.paulallen.com
		http://www.smallworld.com
		http://www.sportingnews.com
		
		
		MyCFO Acquires Seattle Firm, Cuts 10% of Staff
		mail? top
		
		MOUNTAIN VIEW, Calif.  (VENTUREWIRE) -- myCFO, which provides online and 
offline wealth management services for high-net-worth individuals, told 
VentureWire that it acquired Doran Anderson Nelson PS, an estate, investment, 
and tax advisory firm based in Seattle. Financial details were not disclosed. 
myCFO also said it eliminated 35 positions, or 10% of its staff, in the Web 
content department two weeks ago because the company had outgrown the need 
for those positions. myCFO, which currently has offices in Atlanta, Los 
Angeles, and San Francisco, also said it was evaluating the acquisition of 
another wealth management firm in the Boston area. The company said it 
expects to reach profitability in the fourth quarter of this year. In total, 
myCFO has raised $90 million in funding, including a $45 million third round 
in March, from Amerindo Investment Advisors, Barksdale Group, Kleiner Perkins 
Caufield & Byers, Northern Trust Company, Presidio Venture Partners, RSA 
Security, and individual investors. 
		http://www.mycfo.com
		
		
		new money
		?
		Service Resources Gets $32.5 Million Round One, Appoints COO
		mail? top
		
		ATLANTA (VENTUREWIRE) -- Service Resources, which provides management, 
maintenance, energy, subcontracting, and material procurement services, said 
it has closed $32.5 million in first-round funding from sole investor, 
Frontenac Company. Frontenec gains two seats on the board as a result of the 
round, bringing the total number of directors to eight. The company said that 
the funds will be used for energy and field infrastructure and are expected 
to bring the company to profitability in six to 12 months. The company 
employs approximately 1,100 people. Service Resources also announced that 
Michael Lustig has joined the company as its first chief operating officer. 
Mr. Lustig had served as president and COO of Profit Recovery Group.
		http://www.serviceresources.com
		
		
		Elisabeth Murdoch's Shine Entertainment Gets $8.6M Round One
		mail? top
		
		LONDON (VENTUREWIRE) -- Shine Entertainment, a television and film production 
company owned by Elisabeth Murdoch, daughter of News Corp. chairman Rupert 
Murdoch, and TV producer Waheed Alli, announced it has raised over GBP 6 
million ($8.6 million) in first round funding. 3i led the round, while 
LongAcre advised on the placing and Olswang provided legal counsel. 
Co-founder Ms. Murdoch owns a majority of the company, while 3i, Mr. Alli, 
and BskyB hold minority stakes. Post-money, the company garnered a valuation 
of $32.2 million. As a result of this round, 3i gains a seat on the board. 
Before this round, Ms. Murdoch had held 80% of the company, Mr. Alli held 
15%, and BskyB held the remainder. The company said the funds will be used 
for rights management and potential acquisitions. Shine Entertainment 
launched in March 2001. Telephone 44-799-055-5295
		
		
		Heart Treatment Tech Firm LifeLink MD Caps Series A at $1.6M
		mail? top
		
		WASHINGTON (VENTUREWIRE) -- LifeLink MD, which provides full-service, turnkey 
technology to install automated external defibrillator programs designed to 
normalize the heart during a sudden cardiac arrest, said it closed its Series 
A at $1.6 million from return lead investor McDonnell & Associates, with 
participation from Capital Investors and individuals. The money will be used 
for sales and marketing. The company raised $800,000 in seed funding in 
February 2000 from McDonnell & Associates and individual investors. LifeLink 
MD is advised by the Washington-based law firm Hogan & Hartson. 
		http://www.lifelinkmd.com
		
		
		Tech Publishing Firm FierceWireless Gets Seed Funding
		mail? top
		
		WASHINGTON (VENTUREWIRE) -- FierceWireless, a publishing company dedicated to 
business intelligence regarding the mobile Internet, said it has raised an 
undisclosed amount of seed round financing from Thiel Capital Management. The 
company said it plans to use the new funds for product development. As a 
result of this financing, Ken Howery of Thiel Capital Management has been 
granted a seat on the company's three-member board. FierceWireless plans to 
officially launch its flagship product, a monthly publication geared toward 
the mobile Internet-related markets, this June.
		http://www.fiercewireless.com
		
		
		Pryor Resources Closes $18 Million Round Two
		mail? top
		
		OVERLAND PARK, Kansas (VENTUREWIRE) -- Pryor Resources, a business skills 
training company, said it has raised $18 million in second-round financing 
from co-leading existing investors Thayer Capital Partners, Patricof & Co. 
Ventures. The company said that it expects funds from this round to carry it 
through the fourth quarter, near the time the company expects to reach 
profitability. The company has raised a total of $126 million from Thayer and 
Patricof. The company formed after the acquisition of CareerTrack by Fred 
Pryor Seminars and later acquired e-learning company, e-train.com.
		http://www.e-train.com
		
		
		Stick Networks Secures $12M in Initial Close of Series B 
		mail? top
		
		DALLAS (VENTUREWIRE) -- Stick Networks, a developer of wireless Internet 
software, said that it has received $12 million in the initial closing of its 
Series B round from Gryphon Partners, Venture Builders, and Viridian Capital 
Partners. Part of the money came from individuals including Ted Bauer, 
co-founder of AIM Management Group and former vice chairman of Amvescap; 
Charlie Jackson, former CEO of Airtouch Paging, acquired by Vodaphone; David 
Duffield, co-founder and former CEO of PeopleSoft; and Greg Kozmetsky, 
president and CEO of Austin-based KMS Ventures. Additionally, the company 
said it received strategic funds from an undisclosed consumer electronics 
manufacturer. The company plans to spend the new funds for development, 
operations, and product launch. As a result of this financing, private 
investor Doug Bauer has been granted a seat on the company's four-member 
board. Stick Networks anticipates to close this round between $20 million and 
$30 million by early July. Prior to this round ! the company raised $2.5 
million from unnamed individuals. 
		http://www.sticknetworks.com
		
		
		TechHealth Gets Round Two Funds; Names Chairman, CEO
		mail? top
		
		TAMPA, Fla. (VENTUREWIRE) -- TechHealth, a healthcare technology and 
information management company focused on developing care management software 
for the workers' compensation industry, said it has secured a multimillion 
dollar investment in its second round of funding from lead investor Kiernan 
Ventures and undisclosed investors. Peter D. Kiernan, a former senior partner 
at Goldman Sachs who personally invested in TechHealth's first round of 
funding, has been named chairman of TechHealth, joining the board as its 
fourth member. TechHealth also announced it has elected Thomas R. Sweet, one 
of the company's founders and its president, as its new CEO. Mr. Sweet 
replaces co-founder Steve MacDonald, who has left the company to pursue other 
business opportunities. Mr. Sweet said the latest funding will be used to 
continue development of its software and grow the company's workforce. He 
said TechHealth currently has 32 employees, but plans to double its staff 
over the next two to three months! . However, he stressed that the growth 
will depend largely on the completion of customer contracts now in the 
pipeline. TechHealth has a burn rate in the neighborhood of $200,000 per 
month and expects this latest funding to last through the first quarter of 
2002 when it plans to be cashflow positive. TechHealth raised $5 million in 
its first round of funding. Miraquest, a Boise, Idaho-based venture capital 
firm, has invested in the company, along with undisclosed individuals from 
Fleet Securities. Miraquest did not participate in this round. 
		http://www.techhealth.com
		
		
		eRealty.com Receives $15 Million in Second Round 
		mail? top
		
		HOUSTON (VENTUREWIRE) -- The online residential real estate brokerage firm 
eRealty.com said it received $15 million in second round funding led by 
Milestone Equities, with previous investors TL Ventures and Polaris Venture 
Partners participating. The company said it plans to use the new funds for 
sales and marketing, as well as for further national expansion. As a result 
of this financing, Gavin Gray of Milestone Equities has been granted the 
seventh seat on the company's board of directors that includes John S. Boyd 
and Bob Fabbio of TL Ventures and Tom Herring of Polaris Venture Partners. 
eRealty.com is planning to raise a larger round of strategic funding from 
partners in the financial services, media, and real estate service sectors by 
the close of this year. In February 2000, eRealty.com received $10 million 
from TL Ventures and Polaris Venture Partners.
		http://www.erealty.com
		
		
		ERisk Raises $10 Million Second Round
		mail? top
		
		NEW YORK (VENTUREWIRE) -- ERisk, which provides software and consulting for 
enterprise risk management, said it raised $10 million in the second round of 
financing from new investor JPMorgan Partners, which led the round with 
participation from all past investors including a UBS subsidiary aventic AG, 
Internet Finance Partners, Katalyst Venture Partners I, and Risk Management 
Solutions. The money will be used for marketing and sales and for product 
development. ERisk was founded in 1999 and has raised over $30 million to 
date. 
		http://www.erisk.com
		
		
		eVu Technology Secures $1M of a $3M Series B
		mail? top
		
		ALISO VIEJO, Calif. (VENTUREWIRE) -- eVu Technologies, which provides 
software for online advertisers, said it has secured $1 million of a $3 
million Series B round. Series A investor Robert Morrow, who holds board 
seats on National Airlines, leads the round. The company expects to garner a 
post-money valuation of $9.8 million, compared with $2.4 million in its prior 
round. The round is expected to close in 60 days and may include strategic 
investors as well as venture capital firms. Mr. Morrow will gain a seat on 
the board, while an additional seat remains open and will be filled by a 
representative from this round. A total of seven directors will sit on the 
board. The company said funds from this round will be used for product 
launch, expected in July, and for staff expansion. eVu currently employs 
eight and anticipates growing to a staff of 20 by the end of the year. The 
company said it expects Series B financing to carry it into the fourth 
quarter of 2002 and plans to be cash-flow positive in the second qua! rter of 
2002.
		http://www.evu.com
		
		
		PureCarbon Lands Series B Funding
		mail? top
		
		SCOTTS VALLEY, Calif. (VENTUREWIRE) -- PureCarbon, which provides online 
recruiting tools, said it has raised an undisclosed amount of Series B 
funding led by Industry Ventures and internet.com Ventures with participation 
from TSX Ventures and previous investor, Band of Angels Fund. The company 
said it plans to use the new funds for sales and marketing, product 
development, and potential technology acquisitions. PureCarbon expects that 
this round will take the company to profitability by early 2002. As a result 
of the financing, Kirk Holland and Phillip Won from internet.com Ventures 
join the five- member board of directors that includes Chris Meyer and Ian 
Sobieski of Band of Angels Fund. The company closed $3 million in Series A 
financing in May 2000 from Band of Angels and merchant bank Petkevich and 
Partners. 
		http://www.purecarbon.com
		
		
		SI Automation Raises $3.5 Million Second Round
		mail? top
		
		MONTPELLIER, France (VENTUREWIRE) -- SI Automation, which specializes in 
communication interfaces and single-wire factory automation technologies for 
the global semiconductor industry, announced it has raised EUR 4 million 
($3.5 million ) in its second round of funding from new investors, Societe 
Generale Asset Management, a subsidiary of the French banking group Societe 
Generale, and Credit Lyonnais Venture Capital. SI Automation's first round 
investors, Banexi Venture Partners and Soridec, also participated in this 
round. The company said it will use the funding to develop its software and 
to support its worldwide sales network. 
		http://www.siautomation.com
		
		
		Visual Friendly Raises $1.9 Million
		mail? top
		
		PARIS (VENTUREWIRE) -- Visual Friendly, which develops software for 
customizing Web pages, said it secured EUR 2.2 million ($1.9 million) from 
Credit Lyonnais Asset Management CLAM Private Equity. The company said the it 
plans to launch its services with partner sites this summer. Visual Friendly 
is also backed by the incubator Kangaroo Village. Jerome Adam founded the 
company in August 2000.
		http://www.kangaroovillage.com
		http://www.visualfriendly.com
		
		
		bad news
		?
		UltraDNS Lays Off 65% of its Staff; CEO Resigns
		mail? top
		
		SAN MATEO, Calif. (VENTUREWIRE) -- UltraDNS, which provides technology for 
scalable directory services for Internet and communications system 
infrastructure, said it has reduced its staff by 65%, leaving the company 
with 24 employees. The company also said that Steve Kalman, its CEO and 
co-founder, has resigned, and Ben Petro, who was formerly chief marketing 
officer, has assumed the CEO post. Also, UltraDNS lost its vice president of 
operations and chief technical officer in the shake-up. Mr. Petro said the 
company decided to focus more on its direct sales mode, conserve cash, and 
speed up to profitability. Petro added that UltraDNS still has about $21 
million remaining in funding out of the $25 million it raised earlier this 
year for its Series B round. The company expects to be cashflow positive in 
November, and still plans to expand its sales operations in the U.S. and 
overseas. UltraDNS, which raised $8 million in its Series A round of funding, 
is backed by The Reuters Group,  VantagePoint Venture Partne! rs, New 
Enterprise Associates, and Comdisco. Mr. Petro said all employees who were 
laid off received a severance package and outplacement services. 
		http://www.ultradns.com
		
		
		PinPoint Networks Lays Off a Third of Staff 
		mail? top
		
		DURHAM, N.C. (VENTUREWIRE) -- PinPoint Networks, which delivers a broadband 
wireless content platform for service providers, said it laid off 15 
people-or one-third of its staff-across various departments. PinPoint had no 
comment on severance. PinPoint said the layoffs were a result of the company 
shifting its services to focus on global service providers as opposed to 
Internet companies. The company said it would continue to provide service to 
existing Internet clients but would stop servicing those unable to pay. 
PinPoint signed a deal to provide Verizon Wireless with search and directory 
engine enabling technology at the end of March. PinPoint has received over $5 
million in financing from Noro-Moseley Partners, Wakefield Group, and the 
TriState Investment Group. 
		http://www.pinpoint.com
		
		
		Luxlook.com Goes Out of Business 
		mail? top
		
		NEW YORK (VENTUREWIRE) -- Luxlook.com, an online retailer of fashion 
accessories, said the company would be shutting down effective May 31, 2001. 
Luxlook.com said it will shut down its U.S. and U.K. sites at the end of this 
month and its site serving Europe on May 18. In a written statement the 
company cited slower than expected sales growth and a difficult capital 
market as the causes of its closing. The company could not be reached for 
comment. Luxlook.com had received over $30.8 million from Arca Merchant & 
Arca Impresa Gestioni, Bulgari Group, Ciaoholding, Holding di Partecipazioni 
(HdP), and IFIL. 
		http://www.luxlook.com
		
		
		new products
		?
		KorTeam Changes Name to Breveon
		mail? top
		
		SAN JOSE, Calif. (VENTUREWIRE) -- KorTeam International, which provides 
speech recognition software, said it changed its name to Breveon and moved 
from Sunnyvale, Calif. into new headquarters in San Jose, Calif. The name 
change reflects the shift in the company's business model from developing 
medical-based voice recognition applications for third-party products to 
creating a new voice dictation product that includes a speech engine, a 
linguist rules engine, and specialized medical vocabularies. Called Breveon 
AuratorPC, the product enables doctors to dictate notes and have them 
transcribed for report creation or electronic deployment. Founded in 1988, 
the company was originally funded by the National Institutes of Health. It is 
now backed by BioAsia, Maton Ventures, and inVestar. The company is expecting 
to raise a mezzanine round this summer, but said it has not chosen an 
underwriter for an IPO. 
		http://www.breveon.com
		
		
		m&a
		?
		Exus Networks Acquires Broadband Access Firm Negen 
		mail? top
		
		NEW YORK (VENTUREWIRE) -- Exus Networks, a publicly traded provider of 
end-to-end telecommunications services, said it has signed an agreement to 
acquire the assests of Negen Access of Marlborough, Mass., including its 
patents, trademarks, research and development property, and its family of 
products. Negen develops and markets high-performance intelligent broadband 
access equipment. Exus will pay two million shares of its restricted shares 
of common stock worth approximately $1.22 million. Negen founder, chairman, 
and CEO Evan J. Bontemps will become president of a newly formed subsidiary 
of Exus. Negen's research and development facilities will remain active. In 
March 2000, Negen raised a total of $2.61 million in its Series A from 
Corning Technology Partners and individuals. In September 2000, it raised a 
$3 million bridge loan. Mr. Bontemps said the company had been looking for 
funding or a buyer since August 2000. In the process, it went from 30 to four 
employees. Exus approached the company! about three weeks ago and they began 
acquisition discussions. Mr. Bontemps said the company will soon begin 
looking to increase its staff again. 
		http://www.exus.net
		http://www.negen.com
		
		
		BondVision Acquires BondClick
		mail? top
		
		LONDON (VENTUREWIRE) -- BondVision, a Web-based trading platform for fixed 
income securities, and BondClick, a multi-dealer online trading platform 
designed for institutional investors, said they will merge. BondVision parent 
company MTS is exchanging shares of BondClick at a 1-to-1 ratio that gives 
MTS 30% of the new company with the remaining 70% to be divided among its 
twenty investing institutions. BondVision is the trading platform of MTS, 
which manages Telematico, an electronic trading vehicle of European fixed 
income securities. BondVision said that it has not made a decision about 
whether of not any of its 65 employees will be laid off. However, it is 
expected that BondClick's 25 contracted employees will be laid off once their 
contacts expire, with the remaining ten full-time employees remaining with 
the combined company. BondVision is backed by Banc of America Securities, 
Banca di Roma, Banca IMI, Banco Bilbao Vizcaya Argentaria (BBVA), CDC Ixis 
Capital Markets, Commerzbank, Credit Ag! ricole Indosuez, Fortis Bank, HSBC, 
HypoVereinsbank, ING Bank, JP Morgan, Unicredito Banca Mobiliare (UBM), and 
UBS Warburg. BondClick is backed by ABN Amro, Barclays Capital, BNP Paribas, 
Caboto Holding, Deutsche Bank, Dresdner Kleinwort Wasserstein, and JP Morgan. 
		http://www.bondclick.com
		http://www.bondvision.com
		
		
		Manhattan Scientifics Acquires Teneo Computing
		mail? top
		
		NEW YORK (VENTUREWIRE) -- Manhattan Scientifics, a publicly traded 
investment, incubator, and development company, said it has acquired Teneo 
Computing, which develops touch-enabled applications for medical simulation 
and oil and gas exploration, and will merge it with its incubated company, 
Novint Technologies, which develops touch-related software under the Novint 
name. Terms of the deal were not disclosed. In addition to Manhattan 
Scientifics, Novint had partnered with venture capital backed SensAble 
Technologies, a provider of touch enabled applications based in Woburn, Mass. 
John Ranta and Walt Aviles left SensAble Technologies in March of 1999 to 
start Teneo Computing. 
		http://www.mhtx.com
		http://www.novint.com
		http://www.teneo.com
		
		
		new directors
		?
		Broadband Tech Firm IPWireless Appoints Chairman
		mail? top
		
		SAN BRUNO, Calif. (VENTUREWIRE) -- IPWireless, a provider of broadband 
wireless technology, announced the appointment of co-founder Peter A. 
Howley-who is currently president and CEO-to chairman of the company's board 
of directors. IPWireless' s six-member board member also includes Frederick 
W.W. Bolander of Gabriel Venture Partners; private investor B.J. Cassin; K.B. 
Chandrasekhar, founder, Exodus Communications and Jamcracker; J. Taylor 
Crandall of Oak Hill Capital Management; and Neal Dempsey of Bay Partners. To 
date, IPWireless has raised more than $120 million in venture capital. 
Investors include Bay Partners, Doll Capital Management, Dougery Ventures, 
Gabriel Venture Partners, GIC Special Investments, J.F. Shea venture Capital, 
Northwood Capital Partners, and Oak Hill Capital Management.
		http://www.ipwireless.com
		
		
		Former McKinsey Exec Joins Board at Graviton 
		mail? top
		
		LA JOLLA, Calif.  (VENTUREWIRE) -- Graviton, a developer of wireless sensor 
information networks, said it elected Kenichi Ohmae, the managing director of 
Ohmae & Associates and the co-founder of McKinsey & Company's strategic 
management practice, to the company's board of directors. Mr. Ohmae is taking 
the ninth seat on the board. Graviton has received an undisclosed amount of 
funding form Early Bird Ventures, Kleiner Perkins Caufield & Byers, Mitsui 
USA, Omron, Qualcomm, Siemens, SI Ventures, and Sun Microsystems, as well as 
the CIA's venture fund In-Q-Tel. 
		http://www.graviton.com
		
		
		Mobile Technology Firm Aeritas Appoints Chairman 
		mail? top
		
		IRVING, Texas (VENTUREWIRE) -- Aeritas, a developer of mobile commerce 
technology, announced the appointment of William C. Jackson as chairman of 
the board. Prior to joining Aeritas, Mr. Jackson served as executive vice 
president at Bell & Howell, and as chairman and CEO of its publications 
systems companies. He currently serves on the boards of Globe Investments and 
vLicense, and was a founding board member of 1-800-Flowers. To date, Aeritas 
has received $2.5 million in seed funding from Austin Ventures and individual 
investors. The company is currently seeking $8 million in Series A financing. 
		http://www.aeritas.com
		
		
		new people
		?
		CEO of Healthcare Software Maker eMed Technologies Resigns
		mail? top
		
		LEXINGTON, Mass. (VENTUREWIRE) -- eMed Technologies, which provides medical 
image management and distribution software and services, said CEO Caren Mason 
will be leaving the company, citing a long-distance commute from Wisconsin 
and responsibilities to family. The company has retained executive search 
firm TMP Worldwide to recruit a replacement for Ms. Mason, who will remain 
with the company in the meantime. She joined the company in January 2000, 
replacing Scott Sheldon. The company has raised a total of $48 million in 
funding from Bed Rock Capital Partners, Bessemer Venture Partners, Boston 
Millennia Partners, CSFB Private Equity, Delphi Venture, Pacific Venture 
Group, Shroder Ventures International Life Sciences Fund, and Sea Flower 
Ventures.
		http://www.emed.com
		
		
		Porivo Technologies Appoints Ex-NBC Internet Exec as CEO
		mail? top
		
		RESEARCH TRIANGLE PARK, N.C. (VENTUREWIRE) -- Porivo Technologies, which 
develops Web performance testing applications based on peer-to-peer 
distributed computing technologies, said it has appointed Gordon Kass as 
president and CEO. Mr. Kass replaces co-founder Will Holms, who now serves as 
vice president of strategic development. Mr. Porivo had served as an 
executive vice president and chief technology officer at NBC Internet. Porivo 
is backed by $2.2 million from The Aurora Funds and  individual investors.
		http://www.porivo.com
		
		
		Infraworks Names New Chief Executive Officer
		mail? top
		
		AUSTIN, Texas (VENTUREWIRE) -- Infraworks, which specializes in digital 
property protection, said it appointed Joyce Durst as CEO. She replaces 
founder George Friedman, who remains with the company as CTO. Prior to 
joining Infraworks, Ms. Durst served as general manager and vice president of 
the DataOne database products division of BMC Software. Infraworks engaged 
the services of national search firm Christian & Timbers in hiring Ms. Durst. 
She also joins as the seventh member of the board of directors, which 
includes Quinn Morgan and James Caccavo of Moore Capital Management. To date, 
Infraworks has raised $13.2 million in one round of financing from Moore 
Capital Management and unnamed individuals. The company is currently seeking 
a Series B round between $15 million and $25 million, to close in early 
autumn.
		http://www.infraworks.com
		
		
		InterCure Names New President and CEO 
		mail? top
		
		PRINCETON, N.J. (VENTUREWIRE) -- InterCure, a medical technology company, 
said it replaced co-founder Erez Gavish as the company's president and CEO 
and appointed Paul T. Sheils to succeed him. Mr. Gavish will continue to work 
at the company as executive vice president. Mr. Sheils, who becomes the 
seventh board member, will oversee both Israel-based InterCure and its 
U.S.-based subsidiary located in Princeton, N.J. He will direct the company's 
product, Resperate, to the global market. Prior to joining InterCure, he was 
CEO of Medscape, where he helped the company through its IPO in September 
1999. Mr. Sheils was introduced to the company through executive search firm 
Heidrick & Struggles. William Ward worked on the placement. InterCure 
develops medical devices that treat hypertension, congestive heart failure, 
asthma, and chronic obstructive pulmonary diseases. InterCure is backed by 
Palladin Capital Group and True North Partners. Daniel Plotkin is the 
company's chairman, and co-founder Benjamin! Gavish is the chief scientific 
officer. 
		http://www.intercure.com
		
		
		Biotech Firm Metabolex Appoints President & COO
		mail? top
		
		HAYWARD, Calif. (VENTUREWIRE) -- Metabolex, a biopharmaceutical company 
engaged in the discovery and development of therapeutics for diabetes, said 
that it appointed Harold Van Wart as president and COO. Formerly the 
company's senior vice president of research and development, he replaces 
Thomas A. Glaze as president and is the first person to hold the position of 
COO. Mr. Glaze will retain his role as the company's CEO. Mr. Van Wart joined 
Metabolex in October 2000 from Roche Bioscience, where he was vice president 
and head of arthritis and fibrosis research and a member of the Roche Global 
Research Portfolio Committee. To date, Metabolex has raised approximately $70 
million in venture capital. Investors include Charter Ventures, John Hancock, 
Lombard, Odier, Abbot Labs, Pfizer, Pictet, Wanger Asset Management, and Bay 
City Capital.
		http://www.metabolex.com
		
		
		vc fund news
		?
		Suez Takes 18% Stake in Europatweb for $116 Million 
		mail? top
		
		PARIS (VENTUREWIRE) -- Europatweb, an Internet investment fund of which Group 
Arnault owns 82%, said Suez Lyonnaise des Eaux, a provider of infrastructure 
services, including electricity, waste management, and communications, 
invested EUR 132 million ($116 million) in the company for an 18% equity 
share. The company said the financing would be used as working capital and to 
fund more Internet companies. Europatweb has 44 Internet companies in its 
portfolio and cash assets of $170 million. Europatweb has a post-money 
valuation of $644 million based on Suez's 18% stake. 
		http://www.europatweb.com
		
		
		Sun Capital Partners Closes $200 Million Buyout Fund
		mail? top
		
		BOCA RATON, Fla. (VENTUREWIRE) -- Sun Capital Partners, a merchant banking 
firm focused on leveraged buyouts and venture capital investments, announced 
it has formed Sun Capital Partners II, a $200 million leveraged buyout fund. 
The company said its initial investors significantly increased their 
investment in this fund. Sun Capital focuses on a number of industries, 
including paper and packaging, filmed entertainment, computer and workstation 
peripherals, wireless communications, and building products. Founded in 1995, 
the company has acquired 21 businesses with combined sales in excess of $1.3 
billion. Its portfolio includes Jtech Communications, a developer of hospital 
paging systems; broandband Internet firm Eureka; and Genicom, which 
manufacturers laser printers. 
		http://www.suncappart.com
		
		
		vc personnel
		?
		Goldman Sachs Exec Joins iFormation as Managing Director
		mail? top
		
		NEW YORK (VENTUREWIRE) -- iFormation Group, which invests in and operates new 
technology businesses, announced it has appointed Peter Wheeler as a managing 
director of the company. Mr. Wheeler has spent 15 years with Goldman Sachs in 
New York, Hong Kong, and most recently London, where he held a senior client 
relationship role focusing on the company's global clients. He will be based 
initially in iFormation's London office. iFormation, launched in June of last 
year, is a three-way venture between The Boston Consulting Group, General 
Atlantic Partners, and Goldman Sachs.           
		http://www.iformationgroup.com
		
		
		vw corrections
		?
		EYP Mission Critical
		mail? top
		
		NEW YORK (VENTUREWIRE) -- An article in Thursday's VentureWire, regarding an 
investment by TA Associates in EYP Mission Critical Facilities, contained an 
incorrect spelling of the name of a TA Associates principal. The TA principal 
is Roger Kafker. 
		
		
		company index
		top
		
		Aeritas, BondClick, BondVision, Breveon, E-train, eMed Technologies, 
eRealty.com, ERisk, Escalate, Europ@web, eVU, Exus Networks, FierceWireless, 
Graviton, iFormation Group, Infraworks, InterCure, IPWireless, Kangaroo 
Village, LifeLink MD, Luxlook.com, Manhattan Scientifics, Metabolex, myCFO, 
Negen Access, NFR Security, Novint Technologies, PDQuick, Pinpoint Networks, 
Porivo Technologies, PureCarbon, Red Herring Communications, Service 
Resources, SI Automation, Small World Media, Smart Seed Fund, Sporting News, 
Standard Life Investments, Stick Networks, Sun Capital Partners, TechHealth, 
Teneo Computing, Tradeworx, Tradeworx, UltraDNS, Visual Friendly, Vulcan 
Northwest, WhyRunOut.com
		
		
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		investor index
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		Aventic Partners, Band of Angels, Banexi Ventures, Capital Investors, Credit 
Lyonnais Securities , Credit Lyonnaise, Frontenac Co., Gryphon Capital 
Partners, Industry Ventures, Internet Finance Partners, internet.com Venture 
Fund, J.P. Morgan Capital, Katalyst Venture Partners, Kiernan Ventures, 
McDonnell & Associates, Milestone Venture Partners, Polaris Venture Partners, 
Risk Management Solutions, Societe Generale Asset Management, Soridec, Thiel 
Capital, TL Ventures, TSX Ventures, Venture Builders, Viridian Capital 
Partners
		
		
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