RealTime IT News

Safeguard Scientifics Invests in US Interactive

US Interactive said that Safeguard Scientifics Inc., a strategic information systems company, acquired a 15% equity stake in the company.

Financial were not disclosed, however.

US Interactive said it provides its E-Roadmap development plan through its proprietary IVL Methodology to ensure the delivery of superior interactive services for advertising and e-commerce.

In the last five years, US Interactive grew to 200 employees and offices in Los Angeles, New York, Philadelphia, Seattle, and Washington, D.C. Two Safeguard Scientifics associated entities, Internet Capital Group and TL Ventures, were early investors when US Interactive was getting off the ground, the company said.

"We are very excited to have Safeguard as an investor in US Interactive," said Eric Pulier, US Interactive's chairman and chief technology officer. "Their investment will allow us to pursue several key growth initiatives during the coming year. Safeguard is a proven leader in working with growing technology companies, and their equity stake serves to further validate our market position and opportunity."

Pete Musser, Wayne, PA-based Safeguard's chairman and CEO, said, "This investment is an example of the value we are able to provide our shareholders through our investing activities with our associated entities, TL Ventures and Internet Capital Group, which invested in USI in earlier rounds. This is a wonderful opportunity for us to invest in a company that is taking full advantage of the convergence of technology and design in the delivery of robust e-commerce solutions."

US Interactive's electronic enterprise solutions are designed to link an organization's strategic business objectives with advanced Internet technologies and innovative marketing practices..