======================================================
        VENTUREWIRE --- Monday, September 11, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Hotmail Co-Founder Bhatia Launches IT Problem Solving Site
o Fiber Optics Network Firm PF.Net Communications Names CEO
o Collaborative Sales Technology Provider Raises $52.5 Million
o Spirent Acquires Voice Testing Developer For $403 Million
o LEXIS-NEXIS Acquires Risk Management Firm RiskWise
o $12 Million Round One for Transceiver Company RF Solutions

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Also in This Issue:

     New Money:
o Construction zone.com Raises $10 Million in Series A Funding
o Software Services Firm Launches With $10 Million Series A
o $30 Million Round Reflects Well On Customized Beauty Service
o Business Services Firm Natural Logic Gets First Round Funds
o Mockingbird Networks Raises $32 Million In Latest Funding
o Platform Developer SkyFlow Raises $3.5 Million Seed Round
o Transceiver Firm ConnectCom Completes $2 Million First Round
o Voice Access Infrastructure Firm Gets $5.3 Million Round One
o ASP DigiMine Holds Series B Funding to Secure $20 Million
o B2B Payment Network Clareon Raises $30 Million Second Round
o Consumer Behavior Monitor ComScore Raises $30.6 Million
o Incubator GorillaPark Gets $20 Million, Invests in Two Firms
o Net Communities Firm Quiq Raises $15 Million Second Round
o Embedded Systems Firm NewMonics Raises $8 Million Round Two
o Online Marketer Dynamic Trade Raises $7 Million Round Two
o Pharmaceutical Firm OnSite Rx Secures $12 Million Round Two
o Embedded Systems Firm NewMonics Gets $8 Million Round Two
o Portal JobsOnline Secures $10 Million Led by First Analysis
o Switch Firm Azanda Network Devices To Raise $8 Million
o Realty Valuation Firm E-ppraisal Raises $3 Million Series C
o Wireless Firm Niragongo Raises $5 Million in Recent Round

     New Products:
o Market Research Site MarketingInfo Announces Launch
o Site Monitoring Firm Panacya to Launch Early in 2001
o Online Credit Card Service MicroCreditCard Announces Launch
o Integrated Data Systems Will Now Be Known as Callixa

     New Deals:
o Wind River Invests in Optical Networking Company Zaffire

     M&A:
o E-Healthcare Firm MillenniumHealth Buys Latin Site Salud

     New Directors:
o ASP Alumbre Technologies Names Orblynx CEO to Board
o Professional Resource Firm CEOExpress Adds to Board
o Comergent Technologies Appoints Ariba Co-Founder to Board
o E-Procurement Aps Firm RFQ4 Adds Kozmo.com COO to Board
o Healthcare Firm Body1 Appoints Two To Board of Directors

     New People:
o Search Engine Education World Names Ex-McGraw-Hill Exec CEO
o Internet Voice and Data Service Onvoy Names New President

     VC Fund News:
o New VC SmartForest Venture Begins $25 Million Seed Fund

     VC Personnel:
o Two Join Venture Firm E*Capital Corp As Partners

     VW Corrections:
o NetSanity

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

o Hotmail Co-Founder Bhatia Launches IT Problem Solving Site

MUMBAI, India -- Sabeer Bhatia, the co-founder of
Hotmail, announced the launch of his latest venture,
Arzoo.com. The company provides real-time problem-solving
assistance for engineering, information technology,
and technical support applications. The company
raised $10 million in its second round of funding
led by Softbank, with contributions from Bank of
America and Mr. Bhatia's own funds. The company's
initial funding was provided by Mr. Bhatia. Scott
Russell of Softbank will take a seat on the Arzoo.com
board of directors as a result of the financing.
The service, which generates revenue based on a
 flat monthly fee, enables businesses to pose unlimited
questions to the Arzoo.com staff of independently
verified experts.
http://www.arzoo.com/
_____________________________________________

o Fiber Optics Network Firm PF.Net Communications Names CEO

NEW YORK -- PF.Net Communications, a communications
company that is constructing a nationwide fiber
optics network, said it as appointed Kirby "Buddy"
G. Pickle Jr., former president of telecom Teligent,
as its CEO. Mr. Pickle has also held a number of
senior management positions at MFS Communications.
Among other duties, he served as president and COO
of MFS subsidiary UUNet Technologies. He has also
worked with Sprint, MCI Communications and AT&T.
With backing from Odyssey Investment Partners, Koch
Telecom Ventures, and PF Telecom Holdings, PF.Net
has already raised more than $700 million in funding
to support the build-out of its network.
http://www.pf.net/
_____________________________________________

o Collaborative Sales Technology Provider Raises $52.5 Million

PARIS -- iMediation, a European company with headquarters
in Paris and San Francisco, said it raised $52.5
million in its third round of funding. The company
provides software and services enabling business
to jointly sell products online. New investors in
the round include Deutsce Bank eVentures, GIC Special
Investments, the private equity arm of the Government
of Singapore Investment Corporation, and Compagnie
Financiere Saint Honore, the holding company for
the Benamin de Rothschild Group in France. The investments
by these three firms comprise over 50% of the most
recent round of funding. Previous investors who
participated in the round include Apax Partners,
Bridgemont, Europ@web, GE Equity, Intel Capital,
Moran Stanley Dean Witter, Reuters Venture Capital,
and Viventures. The company said it will use the
funding for expansion in the U.S. and Europe and
to explore market opportunities in the Pacific Rim.
http://www.imediation.com/
_____________________________________________

o Spirent Acquires Voice Testing Developer For $403 Million

CRAWLEY, England -- Spirent, a publicly-traded developer
and provider of network infrastructure and testing
technologies, said it acquired Zarak Systems, a
Sunnyvale, California-based company, for GBP 284
million ($403 million). Zarak Systems designs and
manufactures  communications test equipment focused
on the generation and switching of voice traffic.
The company was backed by its management and individual
investors. Following the transaction the company's
president, Ian Milnes, will continue to operate
the business.
http://www.zarak.com/
http://www.spirent.com/
_____________________________________________

o LEXIS-NEXIS Acquires Risk Management Firm RiskWise

DAYTON, Ohio -- LEXIS-NEXIS, a global publisher
and information provider, said it has acquired RiskWise,
International, a risk management service for an
undisclosed amount. LEXIS-NEXIS said the acquisition
enables the company to deliver an expanded fraud
and risk service to clients around the world. Riskwise
was backed by Stone Capital.
http://www.lexis-nexis.com/
_____________________________________________

o $12 Million Round One for Transceiver Company RF Solutions

ATLANTA -- RF Solutions, a developer of transceiver
products for the broadband and wireless access market,
said it has raised $12 million in its first round
of funding. Crystal Internet Venture Funds led the
investment, which included funding from Alliance
Technology Ventures and Dain Rauscher Wessels. The
company said the funds will be used for hiring new
staff members, engineers, and executives, continuing
its business growth, and relocation into more sizeable
offices. This round follows the company's $2 million
seed round of funding, in which the company received
investments from Atlanta Technology Angels, Encina
Technology Ventures, Imlay Investments, and Intelligent
Systems. All of these previous investors also contributed
to this latest round of funding. The company has
not yet announced any changes to its board.
http://www.rf-solutions.com/

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

o Construction zone.com Raises $10 Million in Series A Funding

LOUISVILLE, Ky. -- Construction zone.com, a provider
of product information management for the construction
industry, said it closed a $10 million Series A
round of financing. Investors in this round include
Chrysalis Ventures LLC, River Cities Capital Funds,
Fund Isabella, Bailey Capital Corporation, Mayfair
Capital, Resource Alliance Partners and Iceberg
Ventures. The company said the funds will be used
for marketing initiatives and allow Construction
zone.com to expand its content management software
tool.
http://www.c-z.com/
_____________________________________________

o Software Services Firm Launches With $10 Million Series A

REDMOND, Wash. -- Crossgain, which develops software
services that enable companies to more easily automate
business processes, said it launched with $10 million
in Series A funding. Benchmark Capital led the round,
which included The Barksdale Group. Benchmark Capital's
Bill Gurley will serve on the company's board of
directors. The company will use the funding to expand
its operations and for further technology development.
Crossgain was founded by former Microsoft executives
Tod Nielsen, who is the new company's chief executive
officer, and Adam Bosworth, who serves as chairman
and CTO.
http://www.crossgain.com/
_____________________________________________

o $30 Million Round Reflects Well On Customized Beauty Service

SAN FRANCISCO -- Reflect.com, which provides online
customized beauty products and services, said it
raised $30 million in its second round. The round
included investments from previous investors Procter
& Gamble, Institutional Venture Partners, and Redpoint
Ventures. The company said the new round will support
the increased production efforts to meet the rising
demand for its products. Both Procter & Gamble chief
executive officer A.G. Lafley and founding Redpoint
Ventures partner Tim Haley have seats on the Reflect.com
board of directors.
http://www.reflect.com/
_____________________________________________

o Business Services Firm Natural Logic Gets First Round Funds

BERKELEY, Calif. -- Natural Logic, which delivers
Internet-based decision support software, strategic
consulting, management training, workshops, and
related business services, said it raised an undisclosed
amount of first round funding from The Petkevich
Group. The funds will be used for product development.
http://www.natlogic.com/
_____________________________________________

o Mockingbird Networks Raises $32 Million In Latest Funding

LOS ANGELES -- Mockingbird Networks, a company which
develops VoIP switches to enable voice applications
over IP networks, raised $32 million in its latest
round of funding, according to lead investor Alcatel
Networks. In addition to Alcatel, Technology Crossover
Ventures, also invested in the company. Alcatel
said it would use the most recent round of funding
to accelerate its investment in engineering, sales,
marketing, and operations as the company accelerates
the production of its application switching technologies.
The company has received previous investments from
firms including Wasserstein Adelson Ventures and
Bayview Investors.
http://www.mockingbirdnetworks.com/
_____________________________________________

o Platform Developer SkyFlow Raises $3.5 Million Seed Round

EMERYVILLE, Calif. -- SkyFlow, a telecommunications
infrastructure platform developer, said it has secured
$3.5 million in its seed round of funding. Information
Technology University Ventures (ITU) led the round,
which included funding from Silicon Venture and
two general partners from I-Group. A member from
ITU and Nisa Leung, an individual investor, will
join SkyFlow's board of directors. ITU will also
provide SkyFlow with operational support services.
The company said the funds will be used for growth
for its marketing, sales, and product development.
SkyFlow develops enabling technology and voice portal
infrastructure services.
http://www.skyflow.com/
_____________________________________________

o Transceiver Firm ConnectCom Completes $2 Million First Round

IRVINE, Calif. -- ConnectCom MicroSystems, which
designs and develops high-speed, low-power consumption,
silicon germanium digital/analog optical transceivers,
said it completed its first round of financing with
approximately $2 million. Individual investor Safi
Qureshey, AST founder and a partner at Irvine Ventures,
led the round. The company also said Infineon Venture,
the venture arm of Infineon, made an investment.
The funding will go towards product development.
In July, the company received seed funding from
Irvine Ventures, with participation from Alcatel
USA CEO Krish Prabhu.
http://www.connectcommicro.com/
_____________________________________________

o Voice Access Infrastructure Firm Gets $5.3 Million Round One

FAIRFAX, Va. -- Webversa, a provider of professional
services and software technology that voice-enables
enterprise applications and Web-based content, said
it closed $5.3 million in its first round of funding
from a group of investors led by Redleaf Group.
The Capital Investors Group and Avatar Capital also
participated in this round. Webversa plans to use
the funds to support the expansion of its infrastructure,
including an enhanced hosting and operations facility
located at Intel Online Services in Chantilly, VA.
The funding also will support growth across the
company in the areas of engineering, sales, professional
services, marketing and operations. Prior to this
round, the company had received funding from its
founders and outside individuals.
http://www.webversa.com/
_____________________________________________

o ASP DigiMine Holds Series B Funding to Secure $20 Million

SEATTLE -- Application service provider digiMine
said it raised $20 million in Series B funding.
Mayfield Fund led the round, which included Cedar
Grove Investments, Deutsche Bank Technology Fund,
Kellett Investments, Second Avenue Partners, and
Silicon Valley Angels.  The company will use the
funding for enhancing its data center with additional
staff and improved infrastructure, research and
development, adding new  features to its services,
and for sales and marketing. The company says it
will likely have one additional mezzanine round
in 2001. To date the company has raised approximately
$25 million.
http://www.digimine.com/
_____________________________________________

o B2B Payment Network Clareon Raises $30 Million Second Round

PORTLAND, Maine -- Clareon, a developer of a payment
network for business-to-business Internet commerce
transactions, said it secured $30 million in its
second round of financing. New investor Technology
Crossover Ventures invested $14 million to lead
the round, while new investor Morgan Stanley Dean
Witter contributed $10 million. New investor Comdisco
and previous investors BancBoston Ventures, Berkshire
Partners, and Mayfield Fund, which remains the single
largest investor in Clareon, also participated in
the financing. Clareon also said Technology Crossover
Ventures general partner Jake Reynolds has joined
its board of directors. The company will use the
funding for further development of its payment network
and for marketing. The latest round brings Clareon's
total venture capital funding to $45 million.
http://www.clareon.net/
_____________________________________________

o Consumer Behavior Monitor ComScore Raises $30.6 Million

RESTON, Va. -- comScore, which monitors and reports
on consumer behavior on the Internet, said it raised
its second round of funding for $30.6 million. The
latest round brings the company's total funding
to approximately $40 million. New investor Lehman
Brothers Venture Fund led the round, which includes
other new investors Brinson Partners, Comdisco Ventures,
Forrester Research, Institutional Venture Partners,
and Siebel Systems, as well as previous investors
Accel Partners, divine interVentures, and Flatiron
Partners. The company will use the funding for general
working capital and for sales and marketing.
http://www.comscore.com/
_____________________________________________

o Incubator GorillaPark Gets $20 Million, Invests in Two Firms

LONDON -- GorillaPark, a pan-European business incubator
and accelerator, said it raised $40 million in its
second round of funding. The round consisted of
a $20 million dollar first closing from investor
Cable & Wireless and a follow-on investment of $20
million from institutional investors ABN AMRO, Crescendo
Ventures, Deutsche Bank, Initiative IP, NeSBIC Group,
and Rabobank Nederland. Initiative Ip is also involved
in a strategic partnership with the company to expand
its reach into the French technology marketplace.
GorillaPark also announced investments in two new
portfolio companies. Both investments were for $500,000
in Exaide, a provider of electronic business consulting
and development services, and Moonshake Technologies,
which designs and develops software architecture
for startups. The companies will provide GorillaPark
with a 25% equity stake in exchange for the capital
and the company's incubation and acceleration services.
GorillaPark has also received previous funding from
Atlas Venture and Goldman Sachs.
http://www.cresecendoventures.com/
http://www.gorillapark.com/
_____________________________________________

o Net Communities Firm Quiq Raises $15 Million Second Round

SAN MATEO, Calif. -- Quiq, a developer and host
of software used for creating online communities,
said it has raised $15 million in its second round
of funding. Banc Boston and Interwest were the primary
participants in this round. The company said the
funds will be used for evolving its product line,
marketing, and international expansion within Asia
and Europe.
http://www.quiq.com/
_____________________________________________

o Embedded Systems Firm NewMonics Raises $8 Million Round Two

LISLE, Ill. -- NewMonics, a provider of development
tools for embedded systems, said it has raised $8
million in its second round of funding led by DynaFund
Ventures. Other investors in this round include
ARCH Ventures, Asia Pacific Ventures, Intel Capital,
and Venture Investors. NewMonics intends to use
the funds to expand its global sales and marketing
presence and to continue further development of
its strategic alliances. The funding follows a recent
announcement that NewMonics had expanded its
management team.
http://www.newmonics.com/
_____________________________________________

o Online Marketer Dynamic Trade Raises $7 Million Round Two

CHICAGO -- Dynamic Trade, a provider of performance-based
online marketing, said it has raised $7 million
in its second round funding from lead investor Tribune
Ventures, along with KB Partners, Portage Venture's
Greystone Venture Fund and Nelson Capital Corporation.
Dynamic Trade plans to use the new funding to support
the sales and marketing of its services, expand
its current suite of performance marketing services
and for new product development. Dynamic Trade raised
its previous round of funding from KB Partners,
Potage Venture's Greystone Venture Fund, and
Blumenstein/Thorne Information Partners.
http://www.dynamictrade.com/
_____________________________________________

o Pharmaceutical Firm OnSite Rx Secures $12 Million Round Two

LA JOLLA, Calf. -- OnSite Rx, which provides pharmaceutical
electronic commerce management and automated medication
dispensing systems, said it received $12 million
in its second round of funding. Investors for the
round include Advent International, ARCH Venture
Partners, and Polaris Venture Partners. The funding
will be used for further product development.
http://www.onsiterx.com/
_____________________________________________

o Embedded Systems Firm NewMonics Gets $8 Million Round Two

LISLE, Ill -- NewMonics, a supplier of advanced
development tools for embedded systems, said it
has secured $8 million in its second round of funding
led by DynaFund Venture. Other investors in the
round include ARCH Ventures, Asia Pacific Ventures,
Intel Capital and Venture Investors. The company
said it will use the funds to further develop open,
portable software.
http://www.newmonics.com/
_____________________________________________

o Portal JobsOnline Secures $10 Million Led by First Analysis

CHICAGO, Ill. -- Career portal JobsOnline.com said
it completed its first round of  funding with $10
million. First Analysis Venture Capital led the
round, with contributions from William Blair New
World Ventures and other investors. The company's
Web site will be further developed and related product
offerings expanded with the newly acquired funds.
James Macdonald of First Analysis Venture Capital,
Bret Maxwell of First Analysis, and Lisa M. Flashner
of William Blair New World Ventures, will join the
board of directors.
http://www.jobsonline.com/
_____________________________________________

o Switch Firm Azanda Network Devices To Raise $8 Million

SUNNYVALE, Calif. -- Azanda Network Devices, which
provides silicon-based optical networking switch
services for metropolitan area networks, said it
completed the first half of a two-stage round of
funding with $8 million. Investors for the round
include Bessemer Venture Partners, Highland Capital
Partners, Commonwealth Capital Ventures, and Satwick
Ventures. The investment will be used for product
development and general company growth.
http://www.azanda.com/
_____________________________________________

o Realty Valuation Firm E-ppraisal Raises $3 Million Series C

WESTLAKE VILLAGE, Calif. -- E-ppraisal, a provider
of automated valuation services for the residential
real estate industry, said it has secured $3 million
in its Series C funding round from Provender Capital
Group. The company said it will use the funds to
expand key strategic relationships, further refine
its core valuation technology, and enhance its appraisal
delivery system.
http://www.e-ppraisal.com/
_____________________________________________

o Wireless Firm Niragongo Raises $5 Million in Recent Round

HERZLIYA, Israel -- Niragongo, which develops wireless
delivery technologies, said it raised a $5 million
round of funding. Carmel Ventures led the round
contributing $4 million. The company is developing
a platform that accelerates the delivery of Internet
content into mobile devices. The company said it
would use the funding to focus on critical markets,
developing its management team and strategic partnerships.
http://www.niragongo.com/

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

o Market Research Site MarketingInfo Announces Launch

NEW YORK -- MarketingInfo, an online exchange and
information resource for the market research industry,
has launched. The site offers three main resources:
The MarketPlace, where buyers of marketing research
or related services post request for proposals (RFPs)
that sellers can view and bid on, the InfoPlace,
which is a free centralized news and information
service reporting on the marketing industry, and
the Industry Directory, which is a centralized listing
of marketing research and related services firms.
The company is backed by the Advertising Research
Foundation (ARF) and individual investors. MarketingInfo
is currently raising its first institutional round
of financing.
http://www.marketinginfo.com/
_____________________________________________

o Site Monitoring Firm Panacya to Launch Early in 2001

ANNAPOLIS JUNCTION, Md. -- Panacya, a developer
of products and services for Web site monitoring,
said it will launch early in 2001. The company has
raised approximately $4.5 million from individual
investors to date and plans to close an institutional
round of funding within the next few months. The
company offers tools that enable companies to manage
their Web site services. Telephone 877-726-2292.
_____________________________________________

o Online Credit Card Service MicroCreditCard Announces Launch

WASHINGTON -- MicroCreditCard, an online payment
service that enables users to pay for digital content
with their existing credit cards, said it has launched.
The service allows consumers and merchants to use
their credit cards to buy or sell in any increment
they choose, whether it may be only one song of
an album, or only one issue of a subscription. The
consumer and merchant can buy or sell an item for
as little as 10 cents. MicroCreditCard is backed
by individuals at PSINet and is seeking additional
funding.
http://www.microcreditcard.com/
_____________________________________________

o Integrated Data Systems Will Now Be Known as Callixa

SAN FRANCISCO -- Integrated Data Systems, a provider
of Internet technology that enables unified access
to multiple databases, said it changed its name
to Callixa. The company hopes the name will distinguish
it from other IDS domains currently on the Web.
In April 2000, the company closed $15 million series
A financing from Rock Creek partners, Ascend Technology
Ventures, Blumberg Capital Ventures LLC, Israel
Infinity Fund and Strategic Investment Services.
The funds were used for marketing.
http://www.callixa.com/

======= New Deals =======

o Wind River Invests in Optical Networking Company Zaffire

SAN JOSE, Calif. -- Zaffire, a carrier-class optical
networking company focused on developing an optical
services platform for service providers, said that
Wind River Systems, a provider of software and services
for smart devices, was a strategic investor in Zaffire's
third round of venture funding, completed in June
of this year. The round raised $85 million, and
also included investments from Integral Capital
Partners, Oppenheimer Funds, J&W Seligman, Carlyle
Internet Partners Europe, Azure Capital Partners,
JT Venture Partners, Kinetic Ventures, Octane Capital
Management, Pilgrim Baxter Hyper Partners, Bank
of America Securities, and Morgan Stanley Dean Witter.
As part of the strategic investment, Zaffire has
committed to using Wind River as a standard supplier
of embedded software for the company's products.
The companies have also agreed to partner on future
developments. Prior investors in Zaffire include
Kleiner Perkins Caufield & Byers, Juniper Networks,
and MRV Communications.
http://www.zaffire.com/

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

o E-Healthcare Firm MillenniumHealth Buys Latin Site Salud

RESTON, Va. -- MillenniumHealth Communications,
a provider of online healthcare communications and
electronic commerce, today announced it has acquired
Salud.com, a Miami-based global provider of healthcare
information, products, services and content for
Spanish speakers. The terms of the acquisition were
not disclosed. MillenniumHealth said the Salud acquisition
enables the firm to extend its services to Central
and South America. Salud, which will continue to
operate out of Miami, said it doesn? anticipate
any lay-offs as a result of the acquisition deal.
John Carlson, Salud? president, will retain his
position. Salud is backed by Activated Communications
and individual investors. In addition, the Miami
Herald, a division of Knight Ridder, is a strategic
partner and investor in Salud.com.
http://www.salud.com/

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

o ASP Alumbre Technologies Names Orblynx CEO to Board

GAITHERSBURG, Md. -- Alumbre Technologies, a full-service
application service provider for the communications
and computer equipment manufacturers industry, named
Dr. Ashok Thareja to its board of directors. Mr.
Thareja is currently the chairman and CEO of Orblynx
and A&T Systems. Backers for Alumbre Technologies
include NextGen Capital and individual investors.
http://www.alumbre-tech.com/
_____________________________________________

o Professional Resource Firm CEOExpress Adds to Board

BOSTON -- CEOExpress, an online resource provider
for professionals, said Judith Hurwitz, president
and CEO of the Hurwitz Group, has joined the company's
board of directors. CEOExpress now has four directors,
including Patricia Pomerleau, founder and president
of the company, Ladd Christensen, chairman of CEOExpress
and chairman and CEO of IncuHub, and Peter J. Solomon,
chairman of Peter Solomon Company Limited, a Wall
Street investment banking firm. CEOExpress launched
in January 1999 with funds from individual investor
Mr. Solomon.
http://www.ceoexpress.com/
_____________________________________________

o Comergent Technologies Appoints Ariba Co-Founder to Board

REDWOOD CITY, Calif. -- Comergent Technologies,
which provides collaborative commerce services for
enterprises with complex selling modules, said it
has appointed Ariba co-founder and CFO Edward P.
Kinsey to its board of directors. Mr. Kinsey . Before
Ariba, he was vice president of finance and CFO
for CenterView Software, an Internet development
tools company. Comergent is backed by CrossPoint
Ventures, Softbank, Morgan Stanley and Cisco.
http://www.comergent.com/

_____________________________________________

o E-Procurement Aps Firm RFQ4 Adds Kozmo.com COO to Board

NEW YORK -- RFQ4, an electronic procurement applications
company for higher education, said it will add Kozmo.com?
current chief operating officer, K. Skip Trevathan,
to its board of directors. Investors for RFQ4 include
unnamed early stage funds and individual investors.
http://www.rfq4.com/
_____________________________________________

o Healthcare Firm Body1 Appoints Two To Board of Directors

CAMBRIDGE, Ma. -- Body1, a healthcare Internet firm,
said it has appointed Henri A. Termeer, the president
and CEO of Genzyme, and John M. Ludden M.D., a director
of the MD/MBA program at Tufts University Medical
School, to its board of directors. Body1 is backed
by individual investors.
http://www.body1.com/

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

o Search Engine Education World Names Ex-McGraw-Hill Exec CEO

PRINCETON, N.J. -- Education World. com, an education-specific
search engine, said Kevin Howell has been hired
as the company's CEO.  Howell was the senior vice
president and chief technology officer for the McGraw-Hill
Company and moved its media properties online, including
Business Week Online, construction.com and aviationnow.com.
Education World. com is a subsidiary of American
Fidelity and is in the process of raising its first
round of venture capital.
http://www.educationworld.com/
_____________________________________________

o Internet Voice and Data Service Onvoy Names New President

PLYMOUTH, Minn. -- Onvoy, a provider of integrated
Internet, voice and data services, appointed Janice
Aune as president and CEO after a five-month search
to replace founder David Kelley, who resigned for
undisclosed personal reasons. Aune formerly was
president of !nterprise Networking, a creator and
manager of broadband product and services. Onvoy
is funded by Soros Private Equity Partners.
http://www.onvoy.com/

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

o New VC SmartForest Venture Begins $25 Million Seed Fund

PORTLAND, Ore. -- SmartForest Ventures, initially
announced as Rainy Day Ventures, said it will begin
its first venture capital fund, expected to raise
$25 million. The fund will make seed-stage investments
in high-tech companies in the Pacific Northwest.
SmartForest is in the final stages of the Small
Business Administration's Small Business Investment
Corporation (SBIC) licensing process, which will
result in an available total investment pool of
$75 million. The firm said it will fund approximately
eight companies a year with an average investment
size of $500,000. The fund will be managed by Debi
Coleman and Hugh Mackworth. Telephone 503-222-2552.

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

o Two Join Venture Firm E*Capital Corp As Partners

LOS ANGELES -- E*Capital Corp, a Los Angeles-based
venture capital and investment firm, said Geoffrey
Bland and Eric Wedbush, have joined the firm as
partners. Mr. Bland co-founded ShareWave, a wireless
startup that develops highly integrated semiconductors
and networking software. Before that, he was a partner
with the venture firm REI. Mr. Wedbush was the director
of research for Wedbush Morgan Securities. Prior
to joining Wedbush, he served as managing director
of the Investment Banking group. Both will hold
the title of executive vice president.
http://www.e-cap.com/

======= VW Corrections =======

o NetSanity

NEW YORK -- Due to incorrect information from the
company, a story in Friday's VentureWire about NetSanity's
third round misstated the amount of funding the
company raised. NetSanity has raised an undisclosed
amount as the initial part of its Series C round.
The total amount for the round will be announced
upon closing.

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