InternetNews Staff

GoldPocket.com, which says it is the first company to enable millions of people to participate simultaneously in real-time interactive events online, secured $43 million in second-round financing from a group of investors led by RRE Ventures. Other participating investors include TH Lee.Putnam Internet Partners (THLi), WaterView Partners, Allen & Company, and Nexus Group LLC. The […]

W.W. Grainger Inc. launched an entry in the B2B maintenance, repair, and operating (MRO) supplies e-commerce arena called TotalMRO.com. The company said the site offers searchable product information, contract pricing and availability for millions of MRO products and services available through distributors. Competition in this space includes PurchasingCenter.com, an online marketplace dedicated to buyers of […]

Systems integrator VC3 Inc. formed a new division, GovHost.com, to provide expanded ASP services to the local government marketplace. The company said it will offer a suite of hosted Virtual Government and line of business solutions to small and medium-sized local governments via an ASP business model. Meanwhile, Kohlberg Kravis Roberts & Company and Silicon […]

Internet stocks got hammered again in Wednesday’s trading, pushing the NASDAQ composite below 4,000. Shares of Yahoo bucked the trend, finishing higher; the stock is nearly 50 percent off its 52-week high. internet.com’s Internet Stock Index was down 64.28, or 7.97 percent, to 742.53, the Nasdaq Composite dropped 286.27, or 7.06 percent, to 3,769.63, and […]

In anticipation of the continued growth of its operations, AristaSoft Corporation today opened its second Silicon Valley location. Additionally, Industry-focused ASP AristaSoft Corporation acquired 15,000 square feet of space in its existing office in Hyderabad, India. According to the company, this international site allows it to deliver rapid development capabilities and round the clock support. […]

RoadRunner predicted Wednesday its subscriber base will grow to more than 1 million customers during the summer. The Time Warner Inc. (TWX) subsidiary added 180,000 new customers during the first quarter. RoadRunner’s current subscriber base surpasses more than 730,000 clients of the 15.6 million homes its coax passes in the U.S. Bill Gordon, RoadRunner president, […]

Idapta Inc. Wednesday secured $30 million from a group led by CMGI @Ventures, whose parent has been on a torrid B2B development and investment pace. The $24 million from the venture capital affiliate of CMGI Inc. is equally divided by three of CMGI @Ventures’ venture capital funds — CMGI @Ventures III, the $1 billion CMGI […]

Wholesale digital subscriber line provider New Edge Networks Inc. Wednesday partnered with RMI.NET Inc. to deliver its high-speed services to midsize and semi-rural markets nationwide. Denver-based RMI.NET (RMII) intends to initially rollout it broadband access through New Edge Networks’ DSL technology in the Pacific Northwest and Mountain States. Douglas Hanson, RMI.NET chairman and chief executive […]

Swiss ISP Blue Window and Bertelsmann‘s online bookshop BOL this week agreed on an e-commerce partnership. The scope of this venture extends far beyond anything currently existing in Switzerland, according to company sources. Exact details have not been revealed by either party. It is not, however, an exclusive agreement and does not involve participation in […]

In a move to take advantage of the ASP delivery model, interBiz yesterday announced it will offer the company’s applications to the outsourcing marketplace through the newly created interBiz Online Group. interBiz is the new eBusiness applications division of Computer Associates International, Inc. (CA) , provider of mission-critical business solutions. In addition to its Online […]

The carnage continued for Internet stocks on Tuesday as investors pushed tech-related indices and issues to their lowest levels in months. Leading the plunge again were business-to-business (B2B) e-commerce stocks; the sector leader, Internet Capital Group is now trading 73 percent off its 52-week high of $212. internet.com’s Internet Stock Index fell 46.90, or 5.49 […]

TimeVision Inc. Tuesday rolled out French and German versions of OrgPublisher for Intranets, the charting software that allows firms to transform enterprise resource planning data into interactive management reports via a browser. International users of OrgPublisher say having multilingual versions of the software offers distinct advantages. SAP AG, a leading enterprise resource planning vendor headquartered […]