RealTime IT News

Industry Standard Completes $30 Million In Financing

Industry Standard Communications Inc. raised $30 million in first-round private-equity financing, led by Flatiron Partners and Chase Capital Partners.

The funds will be used to accelerate growth in The Standard's Internet economy Web site, as well as to fuel expansion in its publication, conference and service businesses.

Other investors include: Morgan Stanley Dean Witter Venture Partners (the venture capital affiliate of Morgan Stanley Dean Witter Private Equity), Pearson PLC, Europ@Web, J. & W. Seligman and Chase H&Q. Chase H&Q served as private placement agent in connection with the financing.