Kevin Newcomb

IT service aggregator Jamcracker Inc. today announced a remarkable second round of financing totaling over $100 million. Affiliates of Soros Private Equity Partners led the $85 million preferred financing round, with new investors Morgan Stanley, Goldman Sachs, Credit Suisse First Boston, Pivotal Asset Management, e4e, The Rolling Thunder Networks, Robertson Stephens and Bay Partners joining […]

Elite.com is offering 90 days of free usage of its Timesolv time and billing application to Red Gorilla customers who choose to convert to the Elite.com service by November 30, 2000. “Using Red Gorilla’s free service, many customers have experienced some of the benefits of anytime, anywhere access to their time and billing application,” said […]

Verso Technologies Inc. (NASDAQ: VRSO), a full service provider (FSP) of business technology solutions, Tuesday (Oct 17) announced that it will add to its stable an eProcurement solution featuring Clarus Corporation (NASDAQ: CLRS) software. Verso’s eProcurement solution will allow medium-sized companies to leverage their buying power, strengthen their supplier relationships and streamline their internal purchasing […]

Online time tracking and billing provider turned application syndicator Red Gorilla is rumored to have closed its doors earlier this month and is facing bankruptcy. Up-and-coming ASP OfficeTool.com is in the process of working out an arrangement with Red Gorilla to continue operations of Red Gorilla’s time tracking and billing service, which is currently inaccessible […]

Veteran ASP FutureLink Corp. today announced it will be consolidating operations and reducing staff to accelerate the integration of its acquisitions and expected time to achieve EBITDA breakeven. Approximately 75 positions have been eliminated, leaving 650 employees worldwide. This initiative, which affects both corporate and branch office levels, is consistent with the company’s plan to […]

NaviSite Inc. (Nasdaq: NAVI) Monday (Oct 16) announced five new services aimed at helping customers to rapidly develop, test and deploy highly scalable web applications. NaviSite’s professional services span all phases of a customer’s e-business life cycle. These services help companies align their system performance with business objectives; rapidly move from concept to implementation; deploy […]

WebSideStory Inc., the leading provider of Internet intelligence services for e-business, today (Oct 17) launched the first integrated suite of hosted application services designed to help companies worldwide optimize their e-business strategies and initiatives in a number of key areas, including commerce, analytics, website performance and traffic measurement. “WebSideStory has created the first hosted technology […]

Trapezo, developer of a web-based platform designed to fully manage the distribution of dynamic content, promotions, merchandise and related business rules between partners, today announced $12 million in funding led by SOFTBANK Venture Capital. Athena Technology Ventures also participated in this third-round financing. Trapezo will use the funding for ongoing product development, infrastructure build-out, marketing […]

Led by a team of former Microsoft developers and execs, Avogadro launched today with the vision of building technology that connects the wired and wireless Internet, enabling businesses to provide a more meaningful experience for customers across all web devices. Avogadro’s first round funding, totaling $7.5 million, was led by Ignition Corporation. Other investors of […]

1Vision Software, Inc. thinks it has a revolutionary idea: it plans to charge for online storage. 1Disk.com is a web storage drive that operates as a network server, allowing users to open files directly on the server with no file download. 1Disk.com allows users to track, find and open all files stored on the web […]

In a move that supports the recognized importance of Service Level Agreements (SLAs) to the success of the ASP industry, Qwest Cyber.Solutions LLC (QCS) today becomes the first ASP to unveil an industry leading package of SLAs called QCS ProofPositive, promising total customer satisfaction. With comprehensive, well-defined SLAs available at three levels — 99, 99.7 […]

webMethods Inc. (Nasdaq:WEBM), the leading provider of business-to-business integration (B2Bi) solutions, unveiled on Wednesday (Oct 11) webMethods B2B.com, a hosted solution that enables Global 2000 companies and major B2B trading exchanges to rapidly deploy trading networks of any size and accelerate the implementation process of thousands of partners by up to 50 percent. In addition, […]