Accel Partners Invest $10 Million in cybermeals.SEATTLE--(BUSINESS WIRE)--May 28, 1998--cybermeals (www.cybermeals.com), the world's largest online meal ordering system, and Silicon Valley venture capital firm Accel Partners, today announced a partnership deal that will bring $10 million in funding to the Seattle-based company. The companies also announced that Jim Breyer Brey·er , Stephen Gerald Born 1939. American jurist who was appointed an associate justice of the U.S. Supreme Court in 1994. and Bud Colligan, managing partner and venture partner respectively at Accel would join the cybermeals board of directors. "We're we're Contraction of we are. we're we are extremely pleased with the alliance we have made with Accel Partners," said Bill Jesse Jesse (jĕs`ē), in the Bible, the descendant of Rahab, the grandson of Boaz and Ruth, and the father of David. Referring to the restoration of the Davidic monarchy, the Book of Isaiah speaks of a shoot coming from the "stump of Jesse. , chairman and chief executive officer of cybermeals. "Their deep base of knowledge, relevant experience and industry contacts make them the ideal strategic partner as we enter our next phase of development as a company." cybermeals, originally cyberslice, was founded in 1996. The official consumer launch of the service in April 1998 coincided with the commencement of partnership deals designating cybermeals as the exclusive online ordering servicefor America Online See AOL. , Excite, Lycos (Lycos, Inc., Waltham, MA, www.lycos.com) One of the major Web search and content sites on the Web. In 2000, Lycos and Terra Networks, S.A., the leading provider of content and Internet access to the Spanish and Portuguese markets, merged to become Terra Lycos. and Yahoo! "At Accel Partners we focus on partnering with companies that share our commitment to excellence and that possess management teams that have the character and ambition needed to build a world-class world-class adj. 1. Ranking among the foremost in the world; of an international standard of excellence; of the highest order: a world-class figure skater. 2. company," said Jim Breyer, managing partner, Accel Partners. "cybermeals' track record to date demonstrates that they share our vision of success and we look forward to entering this next phase of development for the company as their partner." cybermeals (www.cybermeals.com) gives Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f the ability to locate restaurants in their own neighborhoods and order from full menus and specials as far as three months in advance. cybermeals integrates a comprehensive restaurant database with large-scale geo-positioning software, Apple's WebObjects, MapQuest data and other proprietary technology to bring customers fast access to participating restaurants, grocery stores and restaurant delivery services in their own areas. Recently, cybermeals released Menucaster, a new software package. Menucaster is a communication and processing protocol program engineered by cybermeals which enables a restaurant to receive Internet-generated takeout Takeout A financing to refinance or take out another loan. or delivery orders directly at its point-of-sale (PoS) terminal. Menucaster's "keyboard to kitchen" order delivery will bypass both the phone and fax, enhancing productivity and reducing the possibility of errors. cybermeals' service is available nationwide with more than 25,000 restaurants under contract. cybermeals has been named the exclusive online ordering service for America Online, Excite, Yahoo! and Lycos, and has been exclusively endorsed by the National Association of Pizza Operators and the Restaurant Delivery Services Association for online ordering for their respective members. cybermeals has also signed partnership deals with Takeout Taxi and the Great Atlantic and Pacific Tea Company The Great Atlantic and Pacific Tea Company, better known as A&P, is a 340-store supermarket chain with locations in Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Louisiana, Mississippi, the District of Columbia, and Ontario. Its corporate and U.S. (A&P). Accel Partners, Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif., is a national venture capital firm with over $800 million under management.
CONTACT: cybermeals Inc.
David Gilcreast, 415/981-5505
dgilcreast@cybermeals.com
or
Accel Partners
Jim Breyer, 650/614-4800
or
Ketchum Public Relations
Kendra Gourvitz, 415/984-6127
kendra.gourvitz@ketchum.com
Kathleen Wilson, 415/984-2252
kathleen.wilson@ketchum.com
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