Accelent Systems Closes $9.7 Million in Series B.Business Editors & High Tech Writers AKRON, Ohio--(BUSINESS WIRE)--Aug. 13, 2001 Accelent Systems Inc., a leading provider of system software solutions for Internet appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. development, has raised $9.7 million in Series B at a 10% increase over the last round valuation. Accelent will use these funds to further expand its sales and marketing efforts to domestic and international markets, as well as to increase R&D efforts for expanding and refining its product and service offerings to meet the growing demand for its solutions. Participants in this latest round of funding include, Michigan based M Group, Series A lead investor, and Taiwanese investors Panpal Technology Corporation, FAT Capital Management Co., Industrial Bank of Taiwan
The Bank of Taiwan (BOT, Traditional Chinese: 臺灣銀行; Pinyin: and Grand Pacific Investment & Development Company. 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. Carl P. Bock Noun 1. bock - a very strong lager traditionally brewed in the fall and aged through the winter for consumption in the spring bock beer lager beer, lager - a general term for beer made with bottom fermenting yeast (usually by decoction mashing); originally , VP of Finance for Accelent Systems, "We are very pleased to close this latest round of financing. We have had a great deal of support from our investors and, in addition to funding our future growth, they will also serve as our partners to shape future direction and strategy." Dr. Yung-Fu Chang, President & 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 Accelent Systems stated, "Accelent has experienced significant growth and interest in its solutions, particularly from manufacturers in the Asia-Pacific region. Accelent has demonstrated the ability to enable these manufacturers to produce the leading edge products the market demands. Our investors recognize this value and want to ensure we succeed in becoming the industry standard for Internet appliance development. We appreciate their support and look forward to the challenge." Mr. Andrew Guo, VP of FAT Capital, has been named to Accelent's Board of Directors to represent the interests of the Series B investors. Mr. Guo stated, "FAT Capital invested in Accelent because it is well positioned within the development community with key client relationships and strategic partnerships to become a dominant player in the explosive Internet appliance market." The Board is now comprised of Dr. Chang, Mr. John Imboden, Sr. VP of Accelent Systems, Mr. Guo of FAT Capital, Mr. Josh Mondry and Mr. Greg Buck, Principals of M Group, Dr. C was a fictional scientist from the TV series Cro. She and her companion, Mike, went to the Arctic and thawed out a mammoth, who could talk. That mammoth now tells stories of life in the stone age with his friend, Cro, and his fellow mammoths. .S. Chen, VP of Quatronics in Ohio and Mr. Corey Smith
About Accelent Systems As a leading enabler of Internet appliances, Accelent Systems provides a proven solution for rapidly developing robust Windows CE/Microsoft Pocket PC and Linux operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. and ARM(R) processor based (StrongARM/XScale) products. With its solution of system software, development tools and engineering services, Accelent provides its customers with a means to expedite time-to-market at less cost and risk than traditional development methods. Current customer product applications include PDAs, Internet audio See RealAudio. devices, web pads, PDTs, Internet gateways, as well as numerous other embedded systems. The firm, which has experienced significant growth since being founded in 1997, expects to ship over one million licenses of its software in 2001. More information on the company can be found on the Accelent web site at www.accelent.com. All trademarks, brand or product names are the property of their respective owners. |
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