Advanced Technology Ventures Makes $2 Million Investment in WorldStreet Corporation.Business/Technology Editors WALTHAM, Mass. and 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.--(BUSINESS WIRE)--June 20, 2000 Advanced Technology Ventures (ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. ), a leading venture capital firm focused on investments in emerging growth companies in Internet, communications and health care technologies, announced its has made a $2 million investment in WorldStreet Corporation. A leading developer of collaborative commerce solutions for the financial industry, WorldStreet raised a total of $30 million in private equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . The company's mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. round of funding will be used to fuel the development of collaborative commerce products, as well as increase sales and marketing efforts. An early investor in WorldStreet, ATV led the company's first round of funding with a $2 million investment. Michael Frank, General Partner, ATV, is available for commentary on the impact of business-to-business e-commerce solutions within the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Prior to his role as general partner at ATV, Frank founded Fluent, a multimedia systems software company later acquired by Novell. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion