[2] NetCentric Partners to Launch $200 Million Internet Fund -- Follows Nearly $16 Million of Strategic Investments in MicroCast.net and ci4net.com.Business Editors NEW YORK--(BUSINESS WIRE)--March 20, 2000 Internet venture capital firm NetCentric Partners today announced that it has started to raise a private $200 million Internet investment fund. The announcement follows NetCentric Partners' recent strategic investments of nearly $16 million in leading business-to-business, infrastructure, and technology enabling companies. NetCentric Partners' most recent investments were in MicroCast, the highest capacity Internet video Video material obtained from the Internet. It may refer to streaming video from real time broadcasts, streaming archival material or downloading video files for watching later, all of which are viewed on the computer. streaming company and ci4net.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CIFN), a leading European incubator, or "Econet". NetCentric Partners invested $10.5 million in MicroCast as part of a total $22 million private equity round. This is the second round of investing in MicroCast in which NetCentric Partners participated. In a related development, David Capobianco, a Managing Partner of NetCentric Partners has agreed to join MicroCast's Board of Directors. Separately, NetCentric Partners invested $5.1 million in ci4net.com as part of a total $60 million strategic equity round. Both investments are designed to fuel the already rapid expansion of these companies in their respective high-growth markets. Paul Nash
According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kevin Leech leech, predacious or parasitic annelid worm of the class Hirudinea, characterized by a cylindrical or slightly flattened body with suckers at either end for attaching to prey. , Chairman of ci4net.com, "We look forward to working with NetCentric as a strategic partner. The firm has demonstrated their deep knowledge of the Internet space and are proving of significant value as one of ci4net.com's largest investors." Aaron W. Ford, a Managing Partner of NetCentric Partners, noted, "These latest investments demonstrate our proven investment strategy and our deep commitment to finding and supporting the world's most promising business-to-business, Internet infrastructure and technology-enabling enterprises. Beyond our capital investments, NetCentric Partners provides broad access to value-added allies who collaborate to contribute to marketplace success. This matrix of partners includes world-class organizations in financial and venture capital services, strategic business consulting, marketing strategy, advertising, leading-edge technology design and build-out, and legal counsel. In alliance with these partners, we are able to play a vital role in successfully executing and accelerating the strategies of our portfolio companies." The Managing Partners of NetCentric Partners are David N. Capobianco, Jonathan L. Ende, and Aaron W. Ford. About NetCentric Partners NetCentric Partners is a leading Internet venture capital firm focused on emerging growth companies that are leaders in business-to-business, Internet infrastructure, and technology-enabling sectors. The principals of NetCentric Partners include David N. Capobianco, Jonathan L. Ende, and Aaron W. Ford, as well as General Partners William A. O'Connell and Bill Brown. The group has extensive experience in investing in, managing, and financing the rapid growth of technology and other companies. NetCentric Partners also provides access to formal strategic partners including Mezzina Brown & Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Nextera Enterprises, Indigo Capital LLC, Wollmuth Maher & Deutsch LLP LLP - Lower Layer Protocol , Piper, Marbury, Rudnick & Wolfe LLP. These Network Partners bring valuable insight, assistance and support in the full range of business planning and executional services including marketing and advertising, Internet strategy, technology consulting, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , and legal counsel on behalf of NetCentric Partners' portfolio companies. NetCentric Partners has offices in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1. with additional offices slated in Europe and Asia. Additional information about NetCentric Partners is available by contacting Aaron W. Ford at 212-251-7791 or by email at aford@ncpart.com. About ci4net.com Ci4net.com is a European economic network, or "Econet". The Company currently owns 50% or more of 26 Internet companies and has investments of less than 50% in 2 others. The Company is involved in Business-to-Business, Business-to-Consumer, e-Commerce and infrastructure. Ci4net.com is focused on adding value at all stages of a company's development via its network. Ci4net.com can provide infrastructure technologies, operational and management resources and synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. access to a network of portfolio companies. For more information visit Web site www.ci4net.com. About MicroCast MicroCast is the nation's highest capacity turnkey provider of Internet video streaming services to the media industry. Established exclusively to enable and support video within the web sites of program owners, the MicroCast.net platform is designed to generate considerable revenue for video through the use of its unique patent-pending advertising unit. More information is available at www.microcast.net Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements in this news release may constitute forward- looking statements and actual results could differ materially. These statements include the growth opportunities in certain markets within the larger networking industry; the expected benefits to Cabletron stockholders from this announcement; the continued ability of the four operating companies operating company A business that engages in transactions with outsiders. to compete effectively. Factors that could cause actual results to vary are detailed in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended February 28, 1999. Additional factors include the potential business disruption as a result of the transformation, the execution risk in pursuing a public offering in a timely manner, and the stock market's continuing receptiveness to communication infrastructure and services companies. |
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