Adero Announces $72 Million Strategic Investment Round; Strategic Investors Include Intel, Inktomi, Microsoft and Reuters.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Aug. 2, 2000 Adero, Inc., a leading provider of global content distribution services designed for e-businesses, today announced that it has completed a $72 million third round of funding from a group of strategic investors to finance its next stage of growth. Intel Capital, Inktomi (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 : INKT INKT Inktomi, Inc. (stock abbreviation, AMEX) INKT I Never Knew That ), Microsoft Corp. (NASDAQ: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) and Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. (NASDAQ: RTRSY) are some of the companies investing in Adero. Proceeds from the financing will be used primarily to further develop technologies, partnerships, marketing and sales efforts, that will help Adero execute its strategy of enabling global businesses to leverage the power of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the via a trusted intelligent open infrastructure. "Adero sees this investment as a major factor in implementing our unique business model," said Jonathan Crane, chairman and chief executive officer of Adero. "We continue to attract investors who see the value in our services for global businesses." "Inktomi's alliance with Adero is strategic to our vision of enabling the build out of next generation Internet See Internet2. infrastructure for enhanced content distribution," said David Peterschmidt, president and chief executive officer of Inktomi. "We believe in Adero's technology and business model, and look forward to working more closely with them." "There is nothing more innovative today than the edge of the Internet. It is where the strongest technologies shine and old technologies wither. Intel Architecture is the best technology for powering networks on the edge of the Internet," said Tom Lacey lac·ey adj. Variant of lacy. , Intel vice president, Sales and Marketing Group; president, Intel Americas, Inc. "Adero is a great example of a company providing content distribution services on the edge of the Internet that will take full advantage of the scalability, ease of implementation and versatility of Intel-based servers." "Microsoft is pleased to be working with Adero as it creates its global Internet service platform based upon .NET, a new generation of Internet software services," said Thomas Koll, vice president, Network Solutions Group, Microsoft. "The Adero platform will allow ASPs to easily create Internet applications and e-commerce solutions that can communicate with each other, independent of location. And, businesses will be able to reach consumers and commercial end users in many other countries with applications derived from .NET technology." Other investors in this round of funding include Mitsubishi Corporation Mitsubishi Corporation (三菱商事株式会社 , one of the largest general trading firms which is engaged in a broad range of Internet businesses, wireless provider Hikari Tsushin, Inc., investment company Bowman Capital, and financial institution ING Barings. Adero has raised $105 million in financing to date. About Adero, Inc. Adero provides global content distribution services that enable companies to create a rapid, consistent and reliable Internet experience for online customers worldwide. These services are designed to be cost-effective, outsourced solutions for businesses, enabling rapid deployment of Web content, distributed applications An application made up of distinct components running in separate runtime environments, usually on different platforms connected via a network. Typical distributed applications and e-commerce services. Through the integration of best-of-breed solutions from technology partners, the development of core technologies like the Adero(TM) patent-pending GeoTraffic(TM) Manager and patented Omnicast(TM) software, Adero is leading the way in enabling global businesses to leverage the power of the Internet via a trusted intelligent open infrastructure. Adero Inc. is a venture-funded company headquartered in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , USA. www.adero.com. Adero and GeoTraffic Manager and Omnicast are trademarks, and the Adero logo and GlobalWise are service marks of Adero, Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. All other company, product and service names are the property of their respective owners. |
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