[2] SECTORBASE.com Closes $15 Million Financing.SAN FRANCISCO--(BUSINESS WIRE)--Dec. 1, 1999-- SECTORBASE.com, Inc. announced today it has secured more than $15 million in private equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. from US Venture Partners as the Lead investor, Harbourvest Partners, and Reuters Group PLC. The Reuters financing is part of its Greenhouse Program, which invests in new content and technology companies, and identifies new market opportunities for Reuters. David Baker David Baker may refer to:
Earlier this year, SECTORBASE.com unveiled a new and dynamic approach to identifying and analyzing public companies against their true competitors in the marketplace, building exact comparables on a product-by-product basis. It is a powerful Internet-based analytical platform that provides comprehensive coverage of specific product and service markets, as well as qualitative non-financial statement information. Additionally, the SECTORBASE Investment Research Platform contains over 15,000 indices classified by product and service, providing a useful tool for identifying and benchmarking group and sector rotation Sector Rotation The action of a mutual fund or portfolio manager shifting investment assets from one sector of the economy to another. Notes: Not all sectors of the economy perform well at the same time. , and for measuring relative performance. Irwin Federman, Managing Partner, US Venture Partners, remarked, "SECTORBASE has the potential to gain access to virtually every research, corporate finance and trading department at major financial institutions. Its focus on sector-specific and qualitative information is unique in the 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. industry and differentiates the company's investment research platform from other financial, analytical systems." "SECTORBASE's unique way of classifying publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. by their products and services has helped to produce an Investment Research Platform of enormous value," acknowledged Rob Wadsworth, Harbourvest Partners. John Taysom, Managing Director of Reuters Greenhouse Program, said "Reuters is pleased to be making this strategic investment in SECTORBASE. The resulting relationship provides both Reuters and SECTORBASE a valuable opportunity to develop and disseminate high value content and services over the Internet." About SECTORBASE.com SECTORBASE.com, Inc. designs, develops and markets a powerful Investment Research Platform to investment professionals and individual subscribers through its web site www.sectorbase.com. The platform possesses key product-by-product categorizations, essential to performing accurate comparative valuation and peer group analysis. The Company utilizes a patent-pending Internet-based technology Refers to the communications infrastructure of the Internet, which is based on the IP protocol. IP is part of the TCP/IP protocol suite. It may also refer to voice over IP (VoIP), which uses the Internet to make telephone calls. See VoIP, IP and TCP/IP. platform to provide original content and services that include proprietary sector-specific and non-financial statement, qualitative information, over 15,000 product and service indices, and sector-specific original news and alerts. US Venture Partners (USVP USVP United States Venture Partners ) is a venture capital firm that has invested over $500 million in more than 200 early stage companies to date. Since inception, USVP has raised approximately $1 billion in equity capital from prestigious institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. in six partnerships. USVP was the "founding" lead investor in many successful ventures, including Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Stratcom/Cisco, Advanced Cardiovascular Systems/Guidant and Check Point Software. Reuters (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RTRSY) supplies the global financial markets and the news media with the widest range of information and news products including real-time financial data, collective investment data, numerical, textual, historical and graphical databases plus news, graphics, news video, and news pictures. It reaches over 519,000 users in 57,720 locations and extensively uses internet technologies for wider distribution of information and news. Reuters designs and installs enterprise-wide information management and risk management systems for the financial markets as well as providing equity and foreign exchange transaction systems. Reuters provides news and information to over 225 Internet sites reaching an estimated 12 million viewers monthly. Reuters is the world's largest news and television agency with 1,946 journalists, photographers and camera operators in 183 bureaus serving 157 countries. News is published in 23 languages. Instinet, an international electronic agency stockbroker, is an independently managed subsidiary of Reuters. The Group employed 16,898 staff in 212 cities in 95 countries at June 30, 1999. For more details see: www.reuters.com/mediapack/ Reuters and the dotted and sphere logos are the trademarks of the Reuters Group of Companies. Harbourvest, one of the largest private equity investment firms in the world, has a record of success in identifying winning companies. Past investments include leading companies such as UUNET (UUNET Technologies, Inc., Fairfax, VA, www.uunet.net) Founded in 1987, UUNET was the first commercial Internet service provider. Originally offering e-mail and news, it became a full Internet service organization providing dial-up and leased line accounts as well as archive space for Technologies, Silicon Graphics, Nextel Communications Nextel Communications, styled NEXTEL, (Former NASDAQ: NXTL) which is now known as the Sprint Nextel Corporation was a telecommunications firm based in the United States. Known for providing a nation-wide mobile communications system. and many others. |
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