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New in the
News,, CarrierPoint, Cybergold,, fourthchannel,, Goal Media Group, Interactive Music, Keylime Software, LavaStorm, LeagueLink,,,
OnHealth Network,, Piedmont Venture Partners,, Safeguard Scientifics,, Step 9 Software,, Venturehouse Group,

 Announces $20 Million
Financing Plan

TROY, N.Y.–, an Internet resource for
engineers and other technical buyers, announced a $20
million financing plan with Warburg, Pincus Equity
Partners LP, an investment fund managed by E.M. Warburg,
Pincus & Co. of New York. The investment, which will
be staged based upon certain undisclosed conditions, will
finance’s ongoing expansion of product
offerings, advance its customer acquisition program and
expedite its recruitment schedule.

XS Inc. Secures $20 Million

RESEARCH TRIANGLE PARK, N.C.– XS Inc., parent company
of, an e-commerce exchange site for trading
agricultural products, has entered into definitive
agreements with Morgan Stanley Dean Witter Private Equity
for a $20 million round of financing to fund the rapid
expansion of the company. Launched in January,
is expected to process $100 million in transactions next

RaceGate/ActiveUSA Announces Terms of
Ticketmaster Online-CitySearch Financial Investment

LA JOLLA, Calif. — and,
who recently announced plans to merge to create an
Internet recreational sports community, announced terms
of an investment and distribution relationship with
Ticketmaster Online-CitySearch (Nasdaq:
is paying $15.5 million for a 19 percent stake in the
combined company and will gain a seat on
its new board of directors. The new will
gain TMCS as a distribution channel for its licensed
content through the local portal network
of city guides.

OnHealth Network Completes $14.7
Million Financing

SEATTLE — OnHealth Network Co. (Nasdaq: ONHN), an
online health and wellness destination for consumers,
completed the sale of 2,100,000 shares of common stock at
a price of $7.00 per share for net proceeds of
$14,675,000. The shares were placed directly by the
company with Van Wagoner Funds, an existing

NetCommmerce Completes $5M
Financing Agreement

FRANKFURT, Germany– NetCommerce Inc. (OTCBB:NEET) has
entered into a definitive financing agreement with
Quantum Securities to effect a private placement of up to
$5 million of its securities on the European markets. The
agreement with Quantum Securities follows last month’s
listing of NetCommerce stock on the Frankfurt Stock
Exchange. Secures $3
Million of Additional Financing

BURLINGTON, Mass. —, a
business-to-business portal focusing on the $187 billion
industrial supplies market, secured an additional $3
million of financing from Comdisco Ventures, a division
of Comdisco Inc. successfully
launched its e-commerce site last month with $5 million
raised from Bessemer Ventures Partners and Charles

LeagueLink Announces $2.6 Million
Financing Round

WESTMINSTER, Colo. — LeagueLink Inc., which has built
an Internet technology platform for recreational sports
leagues, secured $2.6 million in venture financing. New
World Ventures, which led the round, was joined by KB
Partners and previous investor Perfect World

Keylime Software Receives $2M

SAN DIEGO– Keylime Software Inc., an emerging
provider of e-business analysis services, announced an
investment of $2 million from HNC Software Inc.
HNCS), a
provider of predictive customer relationship management
solutions. Keylime has developed a unique, real-time
e-business analysis service, slated to launch in the
first quarter of 2000. The two companies are also
collaborating on a new generation of services that allow
Web site providers to deliver immediate, personalized
content to their e-visitors, leveraging Keylime’s live
session data feed.

Martlet Venture Management Invests in
Goal Media Group

MONTREAL– Martlet Venture Management Ltd. (ASE:MVM)
made a strategic investment in Goal Media Group Inc. Goal
Media Group owns and operates, an
online network for soccer fans, offering match results,
news, exclusive stories and feature coverage from a
worldwide network of top international soccer
journalists. The site will also feature the world’s
largest online soccer store, online auctions of soccer
memorabilia and community services, including message
boards, chat and free home pages and e-mail accounts.

In other news, Keir Radnedge was named as
executive editor. He joins Goal Media Group from
Britain’s The Daily Mail, where he is deputy chief
sub-editor (sport) and international football
correspondent. He also serves as executive editor of
World Soccer, the leading English-language monthly soccer
magazine with worldwide distribution, and has reported on
every World Cup since 1966.

Step 9 Wins Major Funding Round

FALLS CHURCH, Va. — Step 9 Software Corp. announced
the completion of its first major funding round. Step 9
is a developer of web-enabled pre-integrated Operation
Support System software solutions for next generation
telecommunication service providers. The financing was
led by Rowny Capital, with participation by The eMedia
Club. Rowny Capital is a private equity company founded
by Michael Rowny, who has extensive private equity
experience and a broad telecom background with MCI. With
MCI WorldCom, he was President and CEO of International
Ventures, Alliances, and Correspondent. He was also
chairman of Embratel, Brazil’s major long distance and
internet carrier.

Internet Fact of the Day

Businesses lost $1.6 billion on-line last year by
failing to Web-enable their customer service operations.
According to a new research report by global market
analysis firm Datamonitor, this amount could double to
$3.2 billion by this Christmas.

Pacific Internet Forms

SINGAPORE– Internet service provider Pacific Internet
PCNTF) formed, a new business division that will focus
exclusively on e-business. The ISP aims to spin off into the region’s dominant e-business
enterprise in the next 18-24 months. In October 1999
Pacific Internet’s board of directors authorized US$54
million for Pacific Internet plans to also
inject infrastructure, applications development and all
of its portal business including its homepage into It is looking to strategic partners and
venture capital funds to contribute an additional US$100

Washington Area Gets New Venture

WASHINGTON– A new company based in the greater
Washington, D.C. entrepreneurial community that will
create, invest in and help build technology start-ups was
announced. The company, Venturehouse Group, will be
headed by Mark Ein, formerly of The Carlyle Group, and
includes an initial group of investors including local
technology entrepreneurs Jeong Kim, Alex Mandl and Raj
Singh. The firm will have an initial investment pool of
at least $50 million. Ein said the new company would not
only provide early stage financing to young private
companies, but also would serve as business partners,
offering strategic guidance, infrastructure support and
facilitate other professional services including legal,
accounting, recruiting and marketing.

LIDO.Com Partners with FindLaw to Deliver
Medical Images

ATLANTA–, a business unit of, Inc.
ADAM), and an
Internet-based provider of content and tools for
medically-related legal matters, together with FindLaw,
Inc., a Web portal devoted to law and government,
launched the Medical Images Center
(, a comprehensive resource of
medical images for legal professionals. The Medical Images Center offers FindLaw
users access to medically accurate illustrations,
graphics and support tools for case preparation. FindLaw
users have free access to search and preview over 10,000
medical illustrations and trial exhibits from the database. FindLaw is backed by @Ventures, Amicus
Investments, Angel Investors LP, Arba Seed Investment
Group and Glasser Legal Works.

eComAgents Becomes NeuVis Inc.

SHELTON, Conn.– Formally announcing its presence in
the e-business solutions marketplace, eComAgents, a
leader in architected e-commerce development, changed its
name to NeuVis Inc. NeuVis provides fully integrated,
vertically focused, e-business systems and solutions for
buyers, sellers and marketplace/exchanges. The company
closed two rounds of funding in the third quarter of this
year, including investments from Connecticut Innovations
and Seligman Funds.

Interactive Music to Acquire

NEW YORK– Interactive Music Inc. (OTCBB: SONG)
announced that the company has entered into a Letter of
Intent to acquire 88% of the issued and outstanding
shares of Inc. The parties are to have
executed a definitive stock purchase agreement by Nov.
24, 1999 with an anticipated closing of Dec. 3, 1999. aims to be an exclusive lifestyle e-tailer
with a members only format. The grand opening is Dec. 1,

Cybergold Acquires

OAKLAND, Calif.– Cybergold Inc. (Nasdaq:CGLD) has
acquired the assets of Inc., a privately
held Internet company specializing in cash-back rewards
for “frequent-buyers.” is Cybergold’s first
business acquisition, following less than two months
after Cybergold’s initial public offering. Financial
terms of the deal were not disclosed.
brings Cybergold the technology and expertise behind its
cash back program at more than 100 online shopping sites
including, CDNOW, and SmartFrog.
raised seed money from Benjamin Cohen, founder and former
chief executive of Logic Works. and Austin-Hayne to

SAN FRANCISCO–, a provider of
web-based solutions that help Fortune 1000 companies
optimize their workforce capabilities, and Austin-Hayne,
a provider of performance management software, announced
their intent to merge. Under terms of the agreement the
companies intend to combine to form one company, which
will be headquartered in San Mateo, and will retain the name. The board of directors and
investors of both privately owned companies have approved
the merger. is backed by Foundation
Capital, Institutional Venture Partners and Canaan
Partners. Accel Partners and Greylock Management Corp
back Austin-Hayne.

EGL Holdings and Piedmont Venture
Partners Announce Strategic Alliance

ATLANTA — EGL Holdings of Atlanta and Piedmont
Venture Partners of Charlotte announce a formal alliance
between the firms, creating a comprehensive array of
private equity and investment banking services in the
Southeast. The joint venture will allow the firms to
capitalize on both early and later stage investment
opportunities as well as to offer true merchant banking
capabilities to their clients and portfolio companies.


Who’s Who &

fourthchannel Hires Mike Brannan as VP
of Engineering

COLUMBUS, Ohio–fourthchannel inc., a rapidly-growing
Internet commerce application software and service
provider appointed Mike Brannan to the position of
vice president of engineering. Before joining
fourthchannel, Brannan was a principal at the Columbus,
Ohio, Whittman-Hart branch office where he managed the
company’s Internet consulting division. fourthchannel,
founded in 1997, is a privately-held, venture capital
backed company. Appoints Jack Lynch as COO
and Board Member

SANTA CLARA, Calif.–, an “upside down”
auction site, named Jack F. Lynch as the company’s
chief operating officer. Lynch, who will also serve on
the company’s board of directors, joins eWanted from
Austin-based Vignette Corp., where he served as the vice
president of finance and operations and secretary. is backed by private investors.

Four Top Executives Join

NEW YORK– chairman and CEO Lou Dobbs
announced the appointment of John Ferrara,
Robert Zeller, Mark Cutsforth and Toni
to’s management team. Ferrara has
been named chief financial officer, Zeller joins as vice
president of business affairs and general counsel,
Cutsforth comes on board as vice president of technology
and DiMartino has been selected as director of public
relations. Venrock Associates and Greylock have provided
equity backing. Adds To Its
Executive Line Up

SAN FRANCISCO —, a virtual partner
for small and growing businesses, appointed Scott
as chief marketing officer. Waltz brings more
than 13 years of branding and relationship marketing
experience to Previously, he worked
under the same title for San Francisco based relationship
marketing firm, Miller/Huber Relationship Marketing. is financed by Canaan Partners, Intel
Corp., Technology Crossover Ventures, Venture Strategy
Group and other venture and corporate investors.

Doug Martin Named CFO for

ATLANTA — CarrierPoint Inc. announced the appointment
of Doug Martin as the company’s chief financial
officer. Prior to joining CarrierPoint, Martin served as
executive vice president and chief financial officer of
The Prudential Bank, the retail banking operation of The
Prudential Insurance of America. CarrierPoint recently
closed its
first round
. Adds to Senior Marketing
Management Team

NEW YORK —, a luxury e-tailer offering
superior quality diamonds, fine jewelry and luxury items
sourced from around the world, announced the appointment
of three senior level executives, Jill Vollmer,
vice president of brand marketing; Leonard
, vice president interactive marketing; and
Marla Nitke, director of marketing

Safeguard Scientifics Names Dan
McKinney Vice President

WAYNE, Pa.– Safeguard Scientifics Inc. (NYSE:
SFE), an
operating holding company focused on Internet
business-to-business companies, announced the appointment
of Dan McKinney as vice president. He will be
responsible for evaluating, acquiring, and developing
partner companies for the e-commerce arm of Safeguard’s
Internet-centric strategy.

LavaStorm Expands to San Jose

Boston, MA LavaStorm announced that it has expanded
its operations by opening a West Coast headquarters in
San Jose, CA. The office will be located at 2033 Gateway
Place, Suite 500. Hummer Winblad Venture Partners
$10 million
in the company.

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