Adobe Ventures, Benchmark Capital, The Barksdale Group, and VeriSign Invest in Kontiki's $16 Million Series B Round.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 28, 2002 Kontiki integrates technology from world's leader in network publishing and Internet's leading provider of digital trust services Kontiki, which provides software to let enterprises easily equip their existing corporate networks to securely and automatically deliver advanced digital media, today announced that Adobe Ventures and VeriSign, Inc. have invested in Kontiki's Series B round of financing. Other investors in the $16 million round include Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon and The Barksdale Group, both early investors in the company. Kontiki shareholders and advisors include Netscape co-founder Marc Andreessen (person) Marc Andreessen - The man who founded Netscape Communications Corporation in April 1994 with Dr. James H. Clark. Andreessen has been a director since September 1994. , former Netscape CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. Eric Hahn Eric Hahn is an American entrepreneur who founded an early e-mail-based groupware company called Collabra Software in 1992. Netscape acquired Collabra in 1995, and in 1997 Hahn became Netscape's CTO. and individuals from a variety of well-known enterprise companies. Outside board members include Intuit chairman Bill Campbell, Kevin Harvey of Benchmark Capital and Peter Currie of The Barksdale Group. Kontiki also announced that Standish O'Grady, Senior Managing Director of Granite Ventures, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , is joining Kontiki's board of directors. Adobe and Granite Ventures are partners in Adobe Ventures, the investment arm of Adobe, which invests in companies it believes will successfully bring to market products and services strategic to Adobe's own business. With Series B, total investment in Kontiki has reached $34 million. Kontiki provides enterprises with a Delivery Management System (DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. ) to publish, secure, deliver and measure the effectiveness of digital video and documents. It addresses two of the crucial issues facing businesses today -- the critical need for secure delivery of sensitive corporate information to employees, business partners, and customers; and the need to maximize return on their investment in existing enterprise networks. With Kontiki, companies can turn their existing networks into modern, efficient networks capable of automatically delivering advanced digital media such as training videos, product launch presentations, and customer support videos, without complicated integration and cost for IT or hassle for users. "VeriSign and Adobe are the worldwide leaders in Internet digital trust services and network publishing, and they know the needs of today's enterprise customers," said Mike Homer, Kontiki 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. and Chairman. "Our companies have worked together for several months integrating our technologies to offer our customers an unprecedented level of security in the electronic delivery of secure information. Their decision to invest in Kontiki is a direct result of their belief that Kontiki's Delivery Management System will benefit their customers, as well as an endorsement of Kontiki's direction and technology." Kontiki's Delivery Management System is in use today by both VeriSign and Adobe to reliably and cost-effectively deliver a host of confidential sales materials, training videos, employee communications and corporate documents to users worldwide. Kontiki's DMS is also being used by other enterprise customers such as Nextel and Palm for similar purposes, helping them launch products more efficiently, shorten sales cycles and train employees. "Kontiki's secure delivery software is assuring that Adobe PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. documents are protected against unauthorized use or alteration when distributed When distributed When issued. electronically," said Fred Mitchell, vice president of venture development at Adobe. "Our investment in Kontiki reflects our belief that customers want secure, reliable delivery of rich information anywhere, anytime on any device." About Kontiki Kontiki provides a secure managed delivery solution for enterprises. Kontiki's software modernizes existing enterprise networks with advanced security and delivery of enterprise video and documents. Its patent-pending technologies utilize the untapped bandwidth of networked PCs, resulting in substantial cost savings as well as revenue opportunities for companies. Chosen by Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: Magazine as one of the "Ten Companies to Watch in 2002," the company's corporate customers include Nextel, CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. , OpsWare, Palm, McAfee.com, TiVo, VeriSign and others. Kontiki has offices in San Francisco and Sunnyvale, CA, and can be found at www.kontiki.com. |
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