RealTime IT News

euro909.com Secures Additional Funding

[London, ENGLAND] European e-business enabler euro909.com has secured US $4 million in additional funding from Credit Suisse First Boston (Europe) Limited.

Founded in 1986, euro909.com operates in Denmark, England, France, Germany, Norway, and Sweden, where it integrates Internet technology and multimedia solutions for large corporations. The latest funding will provide security for the immediate future and enable further expansion.

Aldo Petersen, chief executive officer of euro909.com, said the investment was a vote of confidence by Credit Suisse First Boston.

"We see this as a very positive sign that reflects our position in the marketplace and prospects for the future," said Petersen.

Euro909.com claims to be one of only a handful of publicly traded domain registration consultancies in the world. It offers domain registration for more than 100 different global and country-specific domain name codes, together with legal counsel in trademarking.

In addition, euro909.com provides Web site design and hosting, digital security, Internet access, and print, online and broadcast media advertising -- making it virtually a "one-stop shop" for corporate media needs.

Headquartered in Copenhagen, Denmark, euro909.com also operates one of the largest Internet data centers in Europe, hosting Web sites for more than 20,000 customers.

Looking to the future, euro909.com points out that the worldwide Web hosting market is projected to increase to US $19 billion by 2003 -- up from US $2 billion in 1999. Focused on Europe, it hopes to gain a significant share of this market, despite intense competition from telcos, ISPs and other specialist hosting companies.

Euro909.com's shares are traded on Nasdaq under the symbol ENON.