VC Buzz – $542.75+ Million in Today’s Deals

New in the News



AviationX, AV Labs, Birchmere Ventures, BizBuyer.com, BrightStreet.com, CaregiverZone, Cereus Technology Partners, Charitableway.com, ClearData.net, ClickThings, Cogent Communications, CSI, Cutler Systems Management, Deliverex, DigitalOwl.com, Doublespace.com, E*OFFERING, Eritmo.com, FatWire, Flooz.com, Garage.com, Gold Wire Technology, Incubate.com, IntelliSpace, Journee Software, Keylime Software, Lycos, Mimeo.com, NightFire, Onebox.com, Osprey Systems, Phone.com, PressPoint, PurchasingCenter.com, Rentals.com, SportsYA!, SPS Commerce, Tacit Knowledge Systems, Talus Solutions, TeleCommute Solutions, traffic.com, TRIP.com, Ucentric Systems, UConnections.com, Uniloc, Webmodal







Deal News



E*OFFERING Completes $52 Million Financing Round



SAN FRANCISCO — E*OFFERING, a pioneer in the Internet investment banking industry, raised $52 million from a group of venture capital firms, led by General Atlantic Partners. SOFTBANK Venture Capital, New Enterprise Associates, Battery Ventures, and Crosspoint Venture Partners also participated. E*TRADE Group (Nasdaq: EGRP), an initial investor in E*OFFERING, contributed to this new round of investing. Mark Dzialga of General Atlantic Partners and Rex Golding of SOFTBANK Venture Capital will join E*OFFERING’s board of directors.


http://www.eoffering.com


http://www.gapartners.com


http://www.sbvc.com


http://www.nea.com


http://www.battery.com


http://www.crosspointvc.com


http://www.etrade.com






Onebox.com Raises $50 Million



SAN MATEO, Calif. –Onebox.com, a communications application service provider, raised $50 million in its Series C round, bringing the total amount of private funding to nearly $70 million. This mezzanine round was led by Meritech Capital Partners and includes Bowman Capital Management, Vision Capital and Macquarie Technology Funds. IVP and Brentwood Venture Capital, having led the company through its first two rounds of funding, also participated in this round. Onebox.com has a highly scalable, reliable pure IP infrastructure, providing services for phone carriers, ISP’s and Internet. In other news, Marc Linden was named as vice president and chief financial officer. Linden joins Onebox.com from Oneworld Systems, where he was senior vice president and chief financial officer.


http://www.onebox.com


http://www.meritechcapital.com


http://www.bowmancapital.com


http://www.macquarie.com.au/wealth/tib/bus_intro1.htm


http://www.visioncap.com


http://www.ivp.com


http://www.brentwoodvc.com






Charitableway.com Receives $35 Million in Series B Funding



PALO ALTO, Calif. — Charitableway.com received $35 million in Series B funding led by TCV. Also participating were original investors Benchmark Capital and Softbank Technology Ventures along with PaineWebber Inc., JGE Capital Management, DLJ, Comdisco, Hambrecht & Quist and Hewlett-Packard. Charitableway.com is an application service provider that specializes in bridging the connection between the business and nonprofit communities. The company was recently profiled in VC Watch.


http://www.charitableway.com


http://www.tcv.com


http://www.benchmark.com


http://www.softbank.com






$35 Million Investment for Intellispace



NEW YORK — IntelliSpace, a provider of Internet Protocol-based business solutions, received a $35 million investment from Chase Capital Partners and Weston Presidio Capital. The company connects commercial multi-tenant buildings with multiply redundant fiber optic systems capable of delivering dedicated, scalable access at speeds of 64 kilobits to 100 megabits per second on demand.


http://www.intellispace.net


http://www.chasecapital.com


http://www.westonpresidio.com






NightFire Closes $30 Million Second Round of Funding



BERKELEY, Calif. –NightFire, a provider of e-infrastructure solutions for broadband service deployment, completed a $30 million funding round led by New Enterprise Associates. Each of the first-round investors — U.S. Venture Partners, Sequoia Capital

, and The Roda Group — also increased their investments in NightFire. NightFire’s flagship products, SupplierExpress and CustomerExpress, streamline the service order management and deployment process for large DSL service providers.


http://www.nightfire.com


http://www.nea.com


http://www.usvp.com


http://www.sequoiacap.com


http://www.rodagroup.com






Garage.com Receives $27 Million Investment



PALO ALTO, Calif.–Garage.com, an online marketplace connecting early-stage startups with accredited investors, completed a $27 million funding round involving a group of venture capital and institutional investors, along with several private investors. New institutional investors in Garage.com include Sequoia Capital, Safeguard Scientifics (NYSE: SFE), Hikari Tsushin, 3i, Clal Industries and Goldman Sachs (NYSE: GS). New private investors in Garage.com include MSD Capital, Charles Schwab and David Pottruck, Audrey Maclean and Duke Kawasaki. Previous investors who participated in this round include Advanced Techology Ventures, Credit Suisse First Boston Technology Group, Draper Fisher Jurvetson, E*Trade (NASDAQ: EGRP), Highland Capital Partners, and Mayfield Fund.


http://www.garage.com


http://www.sequoiacap.com


http://www.hikari.co.jp


http://www.3igroup.com


http://www.goldmansachs.com






Flooz.com Secures $27 Million in Second Round



NEW YORK — Flooz.com, an online gift currency web site, closed a $27 million strategic round of financing. The investment was made by NBC (NYSE: GE), NextCard (Nasdaq: NXCD), Mobius Management Systems (Nasdaq: MOBI) and Hikari Tsushin (Tokyo Stock Exchange Section 1: 9435) Initial investors Oak Investment Partners, Bren

twood Venture Capital, Maveron Equity Partners, Venture Strategy Partners and Silicon Alley Venture Partners also participated.


http://www.flooz.com


http://www.nextcard.com


http://www.nbcmv.com


http://www.mobius.com


http://www.hikari.co.jp


http://www.savp.com






Cogent Communications Raises $26 Million in First Round Equity Funding



WASHINGTON — Cogent Communications, a commercial business ISP offering high-speed Internet access, raised $26 million in first-round funding from Jerusalem Venture Partners, Worldview Technology Partners, Oak Investment Partners, Boulder Ventures and C.Blair Asset Management. Worldview general partner James Wei and Jerusalem Venture Partners general partner Erel Margalit will join Cogent’s board of directors. Cogent Communications is offering Internet access at 100x the speed of a T-1 connection and priced at a discount to a single T-1.


http://www.cogentco.com


http://www.worldview.com


http://www.oakinv.com


http://www.boulderventures.com






PurchasingCenter.com Raises $26 Million in Second Round of Financing



BURLINGTON, Mass. — PurchasingCenter.com, a full-service business-to-business portal focusing on the industrial supplies market, raised $26 million in a second round of private financing, led by California-based Sigma Partners. Rho Management, a new investor, also participated in the round along with existing investors, Charles River Ventures and Bessemer Venture Partners. PurchasingCenter.com offers industrial supply buyers a one-stop shop for sourcing products, auction goods, industry news, expert advice and job listings.


http://www.purchasingcenter.com


http://www.sigmapartners.com


http://www.rhomanagement.com


http://www.crv.com


http://www.bvp.com






Talus Solutions Secures $25 Million in Fu

nding



ATLANTA — Talus Solutions, a provider of pricing and revenue management products and services, completed its financing totaling $25 million from General Atlantic Partners and Goldman Sachs (NYSE: GS). Talus Solutions’ analyze historical information, predict consumer behavior and provide automated optimization of pricing designed to maximize revenues and profits.


http://www.TalusSolutions.com


http://www.gapartners.com


http://www.goldmansachs.com






CSI Receives New Investment



NEW YORK — CSI Inc. announced $22.4 million in new capital to advance its ChoiceSeat technology, through the addition of Microsoft Corp. and Axalon Ventures as shareholders and an increase in Intel Capital’s investment. Williams Communications (NYSE: WCG), founder of ChoiceSeat and its sole investor until last year, retains its current investment level in CSI. Using ChoiceSeat technology, which is based on Microsoft Windows NT Server, fans can direct their own interactive sports experience. At live events, 10-inch touch-screen monitors integrated into seatbacks offer features to make the game experience more interesting and informative.


http://www.choiceseat.net


http://www.williamscommunications.com


http://www.axalon.com






Cereus Completes $20 Million Equity Private Placement



ATLANTA– Cereus Technology Partners (OTCBB: CEUS), an e-business solutions provider for B2B applications, completed a $20 million equity private placement of its common stock. The investors in the private placement received 4 million newly issued shares of restricted common stock and also received 4 million warrants to buy common stock at an exercise price of $10 per share. In other news, the company appointed Steven A. Odom as its new chairman and chief executive officer and hired James M. Logsdon as its new president and chief operating officer.


http://www.cereus.net






TeleCommute Solutions Secures $19 Million



ATLANTA — Pointe Communications Corp. (OTC BB: PCOM), an integrated communications provider, announced that its TeleCommute Solutions subsidiary, a provider of workforce connectivity services, closed

its latest round of venture financing. The $19 million round was led by MCI WorldCom Venture Fund with additional investments from Columbia Capital, Boston Millennia Partners and HIG Capital. TeleCommute Solutions’ bundle of workforce connectivity services — including its managed VPN services, intelligent voice solutions and support services — are now available to enterprise customers in 10 markets around the country.


http://www.pointecom.net


http://www.colcap.com


http://www.millenniapartners.com






BrightStreet Secures $17 Million



MOUNTAIN VIEW, Calif. — BrightStreet.com, innovator of the Digital Promotions Backbone for powering all forms of promotions on the Internet, secured $17 million in funding from Cox Enterprises, the McClatchy Company (NYSE: MNI), CNI Ventures, the investment unit of Central Newspapers (NYSE: ECP), and Sandler Capital Management. BrightStreet’s system uses the Internet to design, deploy, and manage promotions and to track individual consumer purchases both online and at traditional retail stores.


http://www.BrightStreet.com


http://www.mcclatchy.com


http://www.centralnews.com


http://www.sandlercap.com






ClickThings Secures $16.6 Million in Venture Capital



NEW YORK– ClickThings, an Internet services company, secured $16.6 million in the latest round of venture capital funding. Psilos, a Silicon Alley based venture fund led the round, which included Paine Webber Group, the New York City Investment Fund, members of the Rudin family, Holden Ventures and Chase Capital Partners. Stephen M. Krupa of Psilos Group and a senior representative of PaineWebber will join the company’s board of directors. The official launch of ClickThings and its first service offering, a small-to-medium-sized business Web site solution, are slated for the first quarter of 2000.


http://www.clickthings.com


http://www.chasecapital.com


http://www.psilos.com






Sportsya.com Raises $15 Million



MIAMI — SportsYA!, a Spanish and Portuguese-language sports portal, raised $15 million in a financing round led by IMG/Chase Sports

Capital. Other investors include Fred Wilpon, co-owner of the New York Mets Baseball Club; and all of SportsYA!’s initial investors: Chase Capital Partners, Flatiron Partners and Ventech LLC, among others. SportsYA! Will be the exclusive Spanish and Portuguese-language global sports portal for IMG and its Internet affiliates, including TransWorld International. TWIi produces signature sports websites, including those for the Brazilian National Soccer team and Manchester United.


http://www.sportsya.com


http://www.sportscapital.com


http://www.chasecapital.com


http://www.flatironpartners.com






SPS Commerce Receives $15 Million in Financing



ST. PAUL, Minn. — SPS Commerce, an Internet-based, business-to-business e-commerce services provider, secured $15 million in financing from new investors including Brinson Partners, as well as certain current investors: St. Paul Venture Capital, Damac Al Baraka Investment Co., Granite Private Equity and Axiom Venture Partners. SPS Commerce’s services allows each vendor to retain their current business processes, while enabling them to trade electronically via any of the Trading Partner Enablement program’s options, including WEB EC, application conversion, fax conversion and manual conversion.


http://www.spscommerce.com


http://www.stpaulvc.com






Warburg Pincus Invests $14.5 Million in PressPoint



NEW YORK– PressPoint announced that Warburg, Pincus Equity Partners invested $14.5 million in exchange for equity in PressPoint. The company has developed a system that uses the Internet to distribute current editions of out-of-town publications in print format to readers located in major cities throughout the world. PressPoint “distributes-then-prints” in a high quality, large-page, all-digital format from content edited solely by the newspaper’s publisher. Sandler Capital Management is also an investor in PressPoint.


http://www.presspoint.com


http://www.warburgpincus.com


http://www.sandlercap.com






Rentals.com Receives $12 Million



REDWOOD SHORES, Calif — Rentals.com, an online residential rental resource, named the sources of its November 1999 $12 million “B” round of funding as Sequoia Capital and SOFTBANK Venture Capital. Sequoia received 23% ownership of Rentals.com while SOFTBANK now owns 17% of the business. Mike Goguen, partner at Sequoia Capital, and Scott Russell, managing director of SOFTBANK, joined Rentals.com as board members. The site is expected to launc

h in March 2000.


http://www.rentals.com


http://www.sequoiacap.com


http://www.sbvc.com






Ucentric Systems Completes First Round of Financing



MAYNARD, Mass.– Ucentric Systems completed a $10 million first round of venture capital from Polaris Venture Partners. Ucentric will use the proceeds to continue development of its home server product that provides the “last yard of the last mile” and makes the Internet a household utility. The system, comprised of Ucentric-developed software atop a Linux OS and standard hardware, offers a residential platform for providers of Internet-based content and services that can touch any device in the home.


http://www.ucentric.com






FatWire Closes First Funding Round At $9.25 Million



PORT WASHINGTON, N.Y.– FatWire Corp., developer of UpdateEngine, content management software for the enterprise, closed its first round of funding at $9.25 million. Wheatley Partners led the financing round. UpdateEngine allows non-technical users to easily update Web site content in a safe and controlled environment.


http://www.fatwire.com


http://www.wheatleypartners.com






Tacit Knowledge Systems Raises $6.9 Million Equity Capital



PALO ALTO, Calif. — Tacit Knowledge Systems, a provider of automated enterprise knowledge discovery and exchange systems, secured an additional round of funding from lead corporate investor, Reuters Greenhouse, along with Draper Fisher Jurvetson and other prominent private investors in the technology industry. According to the company, KnowledgeMail and KnowledgeMail Plus work with large enterprise e-mail systems to automatically discover the knowledge, skills and work focus of each employee and make that information available enterprise-wide in a way that requires no administration or facilitation and respects the privacy of each user.


http://www.tacit.com


http://www.venture-capital.com


http://www.reuters.com/greenhouse


http://www.dfj.com






Doublespace.com Receives $6 Million



RADNOR, Pa. — Cross Atlantic Technology Fund completed an investment in Doublespace.com totalling $6 million along with Angelo Gordon & Co., Apex Investment Partners, and other investors. Glenn Rieger, managing director of XATF, will join Doublespace’s b

oard of directors. Doublespace functions as an Internet incubator, using a process that encompasses three stages: building the strategy, building the brand, and building the technology.


http://www.doublespace.com


http://www.xacp.com


http://www.apexvc.com






Cutler Systems Management Secures $6 Million Investment



WAYNE, N.J.– Cutler Systems Management, a provider of Internet application management services, closed a $6 million round of venture capital financing from Trident Capital. Trident managing directors Venetia Kontogouris and Todd A. Springer are joining Cutler’s board of directors. Cutler focuses exclusively on helping organizations manage, maintain, support and evolve their Web-based business applications.


http://www.cutlersystems.com


http://www.tridentcap.com






Gold Wire Technology Completes Initial Round of Funding



WALTHAM, Mass.– Gold Wire Technology, a vendor of network configuration management tools for large data communication providers, closed a $6 million round of funding co-led by Norwest Venture Partners and St Paul Venture Capital. The funding also included investments by The Hatch Group and Teradyne. Ernie Parizeau, general partner at Norwest Venture Partners, and Zenas Hutcheson, partner at St. Paul Venture Capital, joined Gold Wire Technology’s board of directors. Gold Wire Technology’s software product will help large data communications companies configure and manage networks and offer additional IP services in a secure, controlled and audited environment.


http://www.goldwiretech.com


http://www.norwestvp.com


http://www.stpaulvc.com






Osprey Systems Receives Additional Funding



CHARLOTTE, N.C.– Osprey Systems, an end-to-end e-business solutions provider, received an additional $5 million in funding from Morgan Stanley Dean Witter and Bank of America Ventures. Earlier last year, Bank of America Ventures and Morgan Stanley Venture Partners made a first round investment in Osprey of $16 million.


http://www.ospreyus.com


http://www.msvp.com






CaregiverZone Secures Funding to Build Comprehensive Eldercare Solution



BERKELEY, Calif. — CaregiverZone, a comprehensive Internet site for information, resources, community, products and services th

at helps provide care for the elderly, secured $4 million in funding from Angel Investors LP, Tenex Medical Investors, UK-based Eden Capital Fund and Alpenside International.


http://www.caregiverzone.com


http://www.svangel.com






Keylime Secures $2 Million in Venture Capital Funding



SAN DIEGO– Keylime Software closed its first round of venture funding by San Diego-based Sorrento Ventures, amounting to $2 million. Keylime provides a real-time, Web-delivered analysis service that allows e-business managers to get immediate feedback on the business and marketing issues that drive their Web site’s success. The solution provides a complete view of Web site activity and visitor dynamics including marketing effectiveness, user segmentation, site performance, and content stickiness.


http://www.keylimesoftware.com


http://www.sorrentoventures.com






AviationX Raises $1.6 Million in Equity Funding



WASHINGTON– aviationX Inc. raised more than $1.6 million in equity funding. The funding comes from Tim Stojka, Nick Stojka, [email protected] and a group of aviation industry insiders. Tim and Nick Stojka are co-founders of PlasticsNet.Com, a B2B e-marketplace for the plastics industry, and its parent company Commerx Inc. The company’s aviationX.com network will offer buyers, sellers and intermediaries a range of value-added services, from message boards and user group forums to advanced e-commerce applications with decision support capabilities.


http://www.aviationx.com






DigitalOwl.com Closes $1.5 Million



ORLANDO, Fla.– DigitalOwl.com completed its second private funding round with a $1 million investment by Draper Atlantic, the East Coast fund of Draper Fisher Jurvetson. The investment joins contributions by the original first round angel investment team, bringing DigitalOwl.com’s total second round funding to $1.5 million. Draper Atlantic’s Dan Rua will serve on DigitalOwl.com’s board of directors. DigitalOwl.com enables content publishers to sell high value digital content on demand.


http://www.digitalowl.com


http://www.draperatlantic.com






Journee Software Receives Bridge Funding



AUSTIN, Texas– Journee Software, a provider of self-service and customer care Internet solutions, received bridge funding from several Austin high-tech pioneers including Peter Zandan, CEO of Pazzaz and founder of IntelliQuest; Lee Walker, former president of Dell Computer Corp.; Craig Malloy, founder and GM of Polycom; and Martin Neath, president & COO of works.com and Journee board member; as well as some of Dell Computer’s most senior executives. M

urphree Venture Partners provided seed and first round of funding as well as subsequent bridge funding.


http://www.Journee.com


http://www.murphreevc.com






UConnections.com Receives Equity Investment from KnowledgeCube



NEW YORK– UConnections.com, a provider of e-commerce and information for the college market, announced that KnowledgeCube Inc., a Silicon Alley based eBusiness Accelerator, invested the seed funding and is providing strategic services for the company. Richard Berman, chairman of KnowledgeCube has joined the board of directors.


http://www.uconnections.com


http://www.knowledgecube.com






HP Makes Strategic Investment in Mimeo.com



NEW YORK and PALO ALTO, Calif.– Mimeo.com Inc. and Hewlett-Packard Co. (NYSE: HWP) formed a strategic alliance to provide a convenient and highly reliable Internet-based printing and document production service. HP made a significant financial investment in Mimeo.com and will position Mimeo.com as a preferred e-services provider of distributed printing. Mimeo.com software will be pre-loaded on selected HP PCs and notebook PCs, and distributed with HP printing and imaging products.


http://www.mimeo.com


http://www.hp.com






Staples.com Invests in BizBuyer.com



FRAMINGHAM, Mass. — Staples.com made a 10 percent investment in BizBuyer.com and formed a strategic alliance with the company. The companies will create an e-marketplace on Staples.com where customers can quickly and easily buy and sell business products and services using BizBuyer’s buyer-driven quote request service. BizBuyer.com closed a $38.5 million investment round in December 1999.


http://www.bizbuyer.com


http://www.staples.com






Webmodal Intermodal Shipping Venture Raises Initial Investment



WOODSTOCK, IL Webmodal, a business-to-business e-commerce venture focused on the domestic intermodal shipping industry, completed an initial round of funding through institutional and private investors. Webmodal is building an online interface, launching in the second quarter of 2000, that aims to improve the process of arranging for and purchasing domestic intermodal transportation services. Webmodal re

ceived an earlier seed-round investment from Net Value Holdings [OTC BB: NETVE].


http://www.webmodal.com






Internet Fact of the Day



U.S. households with Internet access will nearly double to 90 million by the end of 2004, according to The Strategis Group, a Washington, D.C-based market research and consulting firm.






Phone.com Acquires Paragon Software



NEWBURY, United Kingdom and REDWOOD CITY, Calif. — Phone.com (Nasdaq: PHCM), a provider of mobile Internet software and services, agreed to acquire Paragon Software Ltd for approximately $500 million in stock. Paragon Software is a pioneer of synchronization technology allowing PC-based personal information to be easily transferred to mobile devices. Paragon Software’s shareholders will receive approximately 3.6 million shares of Phone.com common stock, and cash payments totaling $7.5 million.


http://www.phone.com






Lycos Acquires Valent for $45 Million



WALTHAM, Mass.– Lycos (NASDAQ: LCOS), a widely visited Web site, acquired Valent Software, maker of NetClubs, an Internet community services platform, for $45 million in stock. Valent’s NetClubs powers Lycos Clubs, a core community service within the Lycos Network providing the infrastructure and tools to link more than 62,000 separate online clubs that convene regularly across the Lycos Network.


http://www.lycos.com






GST Telecommunications Sells Consumer Internet Assets



VANCOUVER, Wash. — GST Telecommunications (Nasdaq: GSTX), an integrated communications provider in California and the western United States, announced the sale of its U.S. mainland consumer Internet customer base and other select assets to Phoenix-based ClearData.net Inc. The deal calls for $5.1 million in cash, plus ClearData.net common stock valued at approximately $900,000. ClearData.net agreed to purchase $25 million in network services from GST in the five years following the sale.


http://www.gstcorp.com


http://www.cleardata.net






Galileo International Acquires TRIP.com



ROSEMONT, Ill. — Galileo International (NYSE: GLC), a global

travel distribution leader, acquired TRIP.com, an online travel service and technology provider. Galileo plans to combine its existing Internet assets into TRIP.com, consolidating all Web activities into one entity. TRIP.com recently acquired THOR, a 24-hour online reservation service which operates the industry’s largest negotiated-rates hotel program. Galileo had previously invested in TRIP.com in 1999, acquiring a 20 percent stake in the company. It will purchase the remaining ownership interest for $269 million, in a combined stock and cash transaction.


http://www.galileo.com


http://www.trip.com






Fund News



New Fund & Incubator Created



PITTSBURGH– Birchmere Investments announced the formation of a new venture capital fund to be based in Pittsburgh. The new venture, Birchmere Ventures II LP, is raising $75 million for venture capital investments in early-stage information technology companies in the mid-Atlantic and Western Pennsylvania region. Richard P. Simmons, chairman and former CEO of Allegheny Technologies, will invest a minimum of $10 million in the new fund. Birchmere Ventures II will be managed by Sean D.S. Sebastian, managing principal of Birchmere Investments, and Ned J. Renzi and Gary G. Glausser, both general partners of CEO Venture Fund III. Birchmere Ventures II will establish a technology incubator in Pittsburgh to provide value-added support services and seed capital to early-stage companies.





Incubate.com Launches



PHOENIX — Incubate.com, a new Arizona-based company dedicated to helping New Economy companies grow ideas into sustainable, profitable businesses, launched in Phoenix, Arizona. Incubate.com is backed by outside private investors and by Kaibab Industries, and will be open to continually adding new investors for its portfolio companies. The company is also creating an investment fund for Arizona start-ups. R. Bruce Whiting, Incubate.com’s CEO, also serves as president of Kaibab Industries, a Phoenix-based holding company with operations in Arizona, California, Utah and Washington and representatives nationwide. In 1998 and 1999, Whiting served as CEO of law.com.


http://www.incubate.com






Who’s Who & Where



Deliverex Names Brian Smiga CEO



NEW YORK– New York’s Silicon Alley-based Deliverex appointed Brian Smiga as chief executive officer and president. Most recently, Smiga served as senior vice president for marketing and business development at 1ClickCharge.com. Deliverex recently completed a second round financing of over $10 million. Deliverex is a priority, permission-based, simple to use, and fully outsourced content delivery exchange service for all digital content, aimed at individuals and businesses. It is expected to launch during the third quarter of 2000.


http://www.deliverex.com






New Execs at traffic.com< /P>

CAMP HILL, Pa.– Joseph A. Reed has been appointed chief information officer and James R. Puckett has been named chief financial officer by traffic.com, a provider of real-time traffic and logistics information services. Prior to joining traffic.com, Reed was director of Internet development for Towers Perrin and Puckett was previously the CFO for SpinCycle. traffic.com’s investors include Internet Capital Group (NASDAQ: ICGE), TL Ventures, Bessemer Venture Partners and Pennsylvania Early Stage Partners.


http://www.traffic.com






Eritmo.com Names Chief Marketing Officer



MIAMI — Eritmo.com, a branded virtual community for Latin music aficionados, appointed Manuel Reyes as chief marketing officer. Most recently, Reyes was executive regional director for Starcom Latin America, Leo Burnett’s media specialist operation, where he was responsible for managing the company’s 12 offices in Latin America. Eritmo.com recently received an investment from Merrill Lynch.


http://www.eritmo.com






AV Labs Names Dean Cruse as Venture Fellow



AUSTIN, Texas — AV Labs, the new accelerator fund spun out of Austin Ventures, announced that Dean Cruse, formerly vice president of marketing at Acuity Corp., joined the firm as a Venture Fellow. The Venture Fellow program is unique to AV Labs, providing portfolio companies with access to entrepreneurial operating talent. AV Labs is an early stage venture fund focused on seed and first round investments in Internet companies delivering B2B, B2C, applications and infrastructure products and services through the Internet.


http://www.avlabs.com






Tim Breidigan Joins Uniloc Board of Directors



HUNTINGTON BEACH, Calif. — Tim Breidigan, a former publisher of Microsoft Networks and director of field marketing, joined the board of directors of The Uniloc Company, a provider of electronic software delivery technology and systems. Uniloc is venture-backed by Digital Age Ventures.


http://www.uniloc.com






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