Kevin Newcomb

ASP platform provider evolutionB, application host Siemens S.A. and Interbel Software announced Tuesday (Dec 5) a partnership to offer evolutionB’s Synergy and SynergyNow application frameworks to telecommunication companies, ISPs, mobile operators and corporate enterprises. Under the agreement, Siemens S.A. will license Synergy and SynergyNow, evolutionB’s extensible platform, which includes ASP Client Management Server, document manager, […]

Leading global ASP Interliant Inc. (NASDAQ:INIT) today (Dec 4) announced an alliance with TeleDomains.com, an online providers of custom toll-free number services, that will enable Interliant’s web hosting customers to obtain toll-free numbers that match their registered domain names. The service will help users of Interliant’s INIT Host solution strengthen both their online and offline […]

Xdrive Technologies Inc., a leading provider of infrastructure software and services that enable intelligent information access and management, today announces $50 million in secured Series D funding. Investors included StorageNetworks, Network Appliance, Aether Systems, Mitsubishi Corporation, NEC Corporation, Pilot House Associates and SOFTBANK Corp. Reinvesting in Xdrive Technologies in this strategic round were Wit SoundView […]

Intacct Corp., an ASP offering accounting and related business services, Thursday (Nov 30) introduced a virtual human resources compliance specialist to its growing suite of HR services. In the latest in a series of strategic partnerships, Intacct said it is partnering with HRPath Inc. to give Intacct customers access to an employee compliance system that […]

ASP pioneer FutureLink Corp. (NASD: FTRL) announced Wednesday (Nov 29) that it has entered into a three-year, $25 million revolving credit facility with Foothill Capital Corporation, a subsidiary of Wells Fargo & Company (NYSE: WFC), covering FutureLink’s North American operations. The facility allows borrowings based upon eligible North American accounts receivable. In addition, FutureLink expects […]

Online accounting Business Service Provider (BSP) Virtual Growth announced Wednesday (Nov 29) that it has closed on $21.5 million in Series C financing. ETF Group, a global venture capital group, led the round. Other participants include Citigroup Investments Inc., Bessemer Venture Partners, StarVest Partners, L.P., Chelsea Capital Partners as well as strategic partner Administaff Inc. […]

“Do-It-Yourself” business agency DigitalWork.com announced Tuesday (Nov 28) it has completed a $14.3 million round of strategic financing that will be used to fund the company’s continued growth. To date, DigitalWork.com has raised $66 million in equity capital. “This round of financing will enable us to continue on our path to profitability through focus on […]

Small business service provider NetLedger Inc. announced Wednesday (Nov 29) the unveiling of NetLedger 5.0, allowing small businesses to leap from online accounting to a full range of e-commerce capabilities, including operating an online store. “This is the most significant enhancement to the service since we started it in August 1999,” NetLedger founder and CEO […]

Global enterprise messaging solution provider United Messaging announced Tuesday (Nov 28) that it has closed $70 million in equity financing from an investment consortium led by Broadview Capital Partners, a leading M&A advisor and private equity investor focused exclusively on the IT, communications and media industries. “It is a testament to United Messaging’s targeted business […]

VeriCenter Inc. announced Monday (Nov 27) that it has completed an $11.5 million financing from BMC Software Inc., Broadband Venture Partners LLC, Intel Capital and other investors. The funds will be used primarily to expand VeriCenter’s operations, particularly sales and marketing. VeriCenter is a Houston-based full-service ASP formed in 1999. VeriCenter hosts and manages e-commerce, […]

ISV aggregator Systemsfusion Inc. announced Monday (Nov 27) that E-xact Transactions Ltd. (CDNX:EXZ.U) has joined its EDeN network of outsourced applications, allowing E-xact’s Speedy Merchant real-time merchant account processing service and transaction processing software to be distributed to participating SPs. “Partnering with E-xact allows us to provide our customers with another means to differentiate themselves […]

Allidex Inc., a provider of IT integration services for corporations seeking to link diverse applications, announced Monday (Nov 20) that it has completed its initial rounding of financing, totaling $3.0 million, led by VC Advantage Limited Partnership and Convexa Capital AS and also included angel investors. Allidex provides enabling technology, offered as a service, which […]