@TheMoment Adds Reuters Greenhouse Fund Co-CEO to Its Board of Directors; David Lockwood Lends Financial and Management Experience To @TheMoment.Business Editors, High-Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Sept. 25, 2000 @TheMoment, Inc., the premier enabler of dynamic commerce, today announced the appointment of David Lockwood David Lockwood (The Blackcoated Worker, 1958 & 1989) sought to analyse the changes in the stratification position of the clerical worker by using a framework based on Max Weber's distinction between market and work situations. , co-CEO of the Reuters Group PLC's Greenhouse Fund, to the @TheMoment Board of Directors. This addition is effective immediately. "As we enter the next phase of our company's growth, we continue to add experienced business leaders and visionaries to guide company strategy," said Larry Frye, president and 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. , @TheMoment, Inc. "David Lockwood is a welcome addition to our board, and his wealth of business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) industry and global financial knowledge will be leveraged as we add customers and partners, both nationally and internationally." Since January 2000, Lockwood has served as co-CEO of Reuters' Greenhouse Fund, Reuters' venture capital arm. In his position, Lockwood guides Reuters' investment strategy, identifying venture financing opportunities within the Internet commerce, content and infrastructure markets. Prior to joining Reuters, Lockwood was a managing director at Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , where he built and headed the international E*Markets Group, which had responsibility for Internet strategy and e-commerce initiatives. In addition to @TheMoment, Lockwood serves on the boards of the following companies: Aurigin Systems, Inc., Forbes.com, Inc., Moreover.com and Steelscreen. Lockwood joins a group of seasoned Silicon Valley entrepreneurs and executives on the @TheMoment Board. Current @TheMoment Board members include Larry Frye, co- founder, president and CEO, @TheMoment, Inc.; Dave Moshal, co-founder and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , @TheMoment, Inc.; Ken Goldman, CFO See Chief Financial Officer. , Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. ; and Jason Strober, partner, VantagePoint Venture Partners. Reuters Led Latest Round of Financing On June 14, 2000, The Greenhouse Fund led @TheMoment's third round of funding along with investments by Comdisco Ventures, Tarrant Venture Partners, TIBCO Software Inc. (Nasdaq:TIBX TIBX Tibco Software Incorporated (NASDAQ symbol) ) and VantagePoint Venture Partners. VantagePoint Venture Partners led @TheMoment's second round of funding in November 1999 with strategic angel investors comprising the Company's seed round. About @TheMoment, Inc. @TheMoment, Inc. is the premier enabler of dynamic commerce. @TheMoment's flagship product -- the @TheMoment Dynamic Trading Suite(tm) -- enables Net market makers and brick-and-mortar companies to utilize a variety of dynamic pricing models including auctions, negotiated exchanges, and "live" bid/ask (Nasdaq-style) trading. The comprehensive offering is delivered via a hosted model allowing Net marketplaces to speed their time to market, reduce costs and focus on domain expertise. Headquartered in San Mateo, Calif., @TheMoment is funded by VantagePoint Venture Partners, Reuters Greenhouse Fund, TIBCO Software (Nasdaq:TIBX), Tarrant Venture Partners, Comdisco Ventures, and other strategic investors. Additional company information is available at www.themoment.com. @TheMoment and the @TheMoment logo are trademarks of @TheMoment, Inc. Other trademarks are registered trademarks and the properties of their respective owners. |
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