Acacia Research Acquires Interest in Mediaconnex Communications.Business Editors/High-Tech Writers PASADENA, Calif.--(BUSINESS WIRE)--Dec. 20, 1999 Acacia Research Corporation (Nasdaq:ACRI) announced today that it has acquired a 31% interest in Mediaconnex Communications, a business-to-business e-commerce company focused on the $90 billion advertising market. Acacia Research was the lead investor in a $3 million first round financing that included the Volpe Brown Whelan Raptor Fund. Mediaconnex's management team is led by co-founders, Sean Atkins and Steven Aquavia, whose original business plan was named "Best Business Plan of 1999" by the nation's top-ranked entrepreneurial studies program at the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission Graduate School of Business. Sean Atkins has a background in television programming and online development with Disney/ABC Cable, idealab!, Sony and Warner Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Online. Steven Aquavia's background encompasses broadcast media management, advertising and online marketing with Western International Media, the Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). and Smart and Friendly. Mediaconnex's management and advisory team includes Rob Ferber, founder of OpenSales and founding technologist and former Vice President of Technology of eToys; Ray Gadbois, former Vice President of Marketing of Oracle and PeopleSoft; Janet Giese, former Manager, Network Systems and Regional Sales Manager of Enterprise Systems; William Keenan, former Sr. Vice President and Chief Financial Officer of E! Television; Amit Kumar, Ph.D., 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 Signature BioScience Inc. and former Entrepreneur in Residence An Entrepreneur In Residence (EIR) is an entrepreneur who partners with a venture fund.. EIR A role as an entrepreneur in residence (EIR) with a venture fund is a very coveted role for many entrepreneurs. of Oak Investment Partners; and Tom O'Malia, Director of the USC An abbreviation for U.S. Code. Center for Entrepreneurial Studies. Acacia Research Corporation is a diversified company with interests in several enterprises -- Acacia Launchpad (Internet Incubator), CombiMatrix Corporation (biochips/drug discovery technology), Greenwich Information Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (video and audio-on-demand technology), Mediaconnex Communications (B2B e-commerce), MerkWerks Corporation (software development), Signature-mail.com llc (personalized e-mail service), Soundbreak.com Incorporated (Internet music and e-commerce), and Soundview Technologies Incorporated (V-chip technology). |
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