NeoPlanet, an
alternative browser to Netscape Navigator and Internet Explorer, was
spun-off into its own company this week by parent firm Bigfoot International Inc.
The spin-off was fueled by capital from an investment group that includes
Network Associates Inc.’s Vulcan Internet
Venture Fund. Financial specifics of the investment were not disclosed.
NeoPlanet’s spin-off is part of Bigfoot’s strategy to maximize shareholder
value and allow for direct investment in its properties while providing
autonomy to the individual businesses. Other Bigfoot divisions include
Bigfoot Directory, free e-mail and e-mail campaign management.
NeoPlanet will continue development of future products and support
the marketing of NeoPlanet 2.0, a browser/portal application. The
alternative browser has an estimated user-base of 250,000 since launching
in October 1998.