NextPage Inc., a solutions provider for Peer-to-Peer Content Networking, announced today that it has raised approximately $20 million of private equity from Oak Investment Partners, epartners, Dominion Ventures and Amp Capital Partners. This second round of funding will be used to accelerate the adoption of NextPage's Peer-to-Peer Content Networking Platform for enterprises.
NextPage also announced it has appointed Ann Lamont, general partner at Oak
Investment Partners, and John Stevens, partner at Amp Capital Partners, to its board of directors. As members of the board, they will help guide NextPage through its next phase of development.
"Peer-to-Peer Content Networking for the enterprise represents a rapidly growing and very substantial market," said Ms. Lamont. "NextPage has the products, technology and vision to lead this emerging industry and has already successfully deployed its products in top financial, legal, accounting and insurance institutions around the world. This distributed technology is changing business models, increasing revenue and improving the bottom line of companies worldwide."
NextPage Peer-to-Peer Content Networking technology connects knowledge workers
to information regardless of where it resides. Through this technology, workers can access information such as best practice ideas, human resource data, compliance regulations and other business-critical information distributed on the Internet, intranet and extranet. With a Content Network, information is accessed through a Web browser and viewed as if it existed in a single location.
"Following the recent acquisition of netLens, we are actively developing the next generation of peer-to-peer technology," said Bill Wesemann, chief executive officer of NextPage. "This funding is another important milestone that will further accelerate our growth and extend our leadership in Peer-to-Peer Content Networking for businesses."
NextPage eliminates intranet and extranet barriers by letting users manage, access and exchange distributed content from partners, suppliers, customers and employees' in real time. With NextPage technology, users connect disparate content servers together to form a Peer-to-Peer Content Network. Then users can search and navigate gigabytes of data, categorize all types of content, gain secure access to information, and
personalize their experience.
Companies, such as Travelers Property Casualty, ABN AMRO Bank, Ernst & Young and HCA, rely on NextPage technology to power Peer-to-Peer Content Networks. bank, to help entrepreneurs build successful, high-growth businesses. The firm has principle offices in London and San Francisco and is actively involved in investments on four continents.