$9.7 Million Invested In Internet Payment Solutions Provider.PARIS--(BUSINESS WIRE)--June 8, 1999-- GlobeID Software Raises Financing and Accelerates Worldwide Deployment of @dvanced Payment(TM) GlobeID, the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. electronic commerce transaction solutions provider, has restructured its capital after international investment of $9.7 million to strengthen its position in the online payment market. The investment will enable GlobeID to actively build upon its publicly recognized position within the high volume transaction marketplace, as one poised to exploit the Internet payment sector with its technically advanced software (BancBoston Robertson Stephens). This market, synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as the financial, telco and utilities sectors is expected to exceed $1.4 billion in size within the next three years. This growth combined with the predictions for increased mass market Internet take-up and usage are just two factors as to why GlobeID has received such a large financial investment. New investors include the lead investor, Venture Partners of Switzerland, the co-lead, Ackermans & van Haaren of Belgium, JAFCO of Japan and Generale Bank (Fortis Group) of Belgium. "We are delighted to have completed on time this high caliber, international private placement. Not only is our ambitious business plan fully funded, but our new financial investors, along with Bull, constitute an outstanding group of active partners whose complementary skills and networks will boost the deployment of our solutions on a worldwide basis," said Francois J. Chaillou, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GlobeID Software. "This high caliber partnership represents a tremendous opportunity for us to leverage our expertise in high-tech industry investments to offer strategic and financial support for GlobeID Software's aggressive development and innovative solutions. Strategic investments in emerging companies such as GlobeID Software, that provides electronic transaction solutions, are central to achieving our goals in this industry," confirmed Hans van den Berg Van den Berg is the surname of:
"The market already recognizes the huge potential of online payment engines. We are pleased to gain visibility on this attractive market through an experienced and rapidly growing company such as GlobeID Software. We are firmly committed to combining our skills and networks with GlobeID's superior solutions to bring new value to the Benelux electronic commerce market," stated Luc Bertrand Luc Bertrand (b. 14 February, 1951) is a Belgian businessman. He is at present the CEO of Ackermans & van Haaren, which is business concern active in construction, dredging, and environmental services, human resources services, financial services, and private equity. , CEO of Ackermans & van Haaren. "We are very impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with GlobeID Software's advanced Internet payment solutions and find that this deal coincides perfectly with our philosophy of pro-actively helping companies to expand. Our complementary experience will greatly accelerate GlobeID Software's development and expansion into the far east and Japan," said Hiroshi Ikegaya, Senior IT Investment Officer of JAFCO. About Venture Partners Venture Partners (www.venturepartners.ch) acts as Manager of venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: . The company was founded in 1997 in Switzerland and has offices in Zug, Zurich, Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. and Boston, USA. The investment focus is mostly on participation in European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. active in high technology and industry having a high development potential but are not yet listed on a stock exchange. About Ackermans & van Haaren Ackermans & van Haaren is a diversified diversified (di·verˑ·s industrial quoted on the Brussels Stock Exchange Brussels Stock Exchange (BSE) Stock exchange that handles the majority of securities transactions in Belgium. . In addition to its strategic holdings in contracting, temporary labor and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , AvH has built a substantial private equity portfolio, mainly in the Benelux region. About JAFCO JAFCO Co., Ltd. (www.jafco.co.jp) - established jointly in 1973 as Japan Associated Finance Co., Ltd., by the Nomura Securities Co., Ltd., Nippon Life Insurance Co., and the Sanwa Bank, Ltd. - is the pioneering company in Japan's venture capital industry. The principal activities of the Company and its consolidated subsidiaries (collectively, JAFCO) are investing in and offering consulting and information services See Information Systems. to private companies with high potential for future growth. About Generale Bank Generale Bank (www.gbank.com) offers a wide range of financial products and services through various distribution channels and comprises an extensive network in 46 countries. It is especially active in the very heart of Europe. In July 1998, Generale Bank joined forces with the Fortis Group. This created a major integrated multi-channel provider of financial services with strong positions in banking, insurance and investments, placing it in the top 15 ranking in Europe. About GlobeID Software GlobeID Software (www.globeid.com) develops and markets world class electronic commerce transaction solutions. The company's products enable high volume operators to provide advanced, cost efficient transaction services to online communities around the world. GlobeID(R) is a registered Servicemark and Trademark of GlobeID Software SA. @Pay(TM) and @dvanced Payment(TM) are Trademarks of GlobeID Software SA. All rights reserved. All other company and brand are referenced for identification purposes and are the property of their respective owner. |
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