Advanced Technology Ventures Makes Strategic Investment In BizLand.com; Latest ATV VI Investment Enables Small Businesses To Capitalize On Burgeoning e-Business Marketplace.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)--April 6, 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, today announced it has made a significant investment in BizLand.com. With more than 425,000 members, BizLand.coma coma, in medicine coma, in medicine, deep state of unconsciousness from which a person cannot be aroused even by painful stimuli. The patient cannot speak and does not respond to command. is the leading Internet hub for small businesses. The company secured a total of $11.5 million in venture capital funding from Advanced Technology Ventures (ATV) and BancBoston Ventures, a unit of FleetBoston Financial FleetBoston Financial was a Boston, Massachusetts-based bank created in 1999 by the merger of Fleet Financial Group and BankBoston. In 2004 it merged with Bank of America; all of its banks and branches were given the Bank of America logo. , who co-led the round, as well as Alta Communications and Series-A private investors. BizLand.com will use the investment to accelerate the company's marketing and business development efforts, as well as expand its technology infrastructure. "Small businesses are one of today's primary drivers of economic growth," said Michael Frank, General Partner, Advanced Technology Ventures. "BizLand.com is revolutionizing the web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. space and providing all the services, tools and intelligence these small businesses need to harness the power of e-business." "ATV is known in the industry for its years of experience and interactive style and we are thrilled that such a reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil team is
committed to the growth of BizLand.com," said Steve Sydness Steven "Steve" Sydness, born c. 1956, is a politician and businessman who was a North Dakota Republican Party candidate for one of North Dakota's United States Senate seats in 1992, and is the current CEO of the Endurance International Group in Massachusetts. , chief
executive officer, BizLand.com. "BizLand.com is dedicated to the
success of our members and this financing provides the capital we need
to continue delivering on this mission."
About ATV Founded in 1979, Advanced Technology Ventures is a leading venture capital firm focusing on opportunities in information technology and health care. ATV's management experience, technology expertise, global network of industry contacts and collaborative style has helped more than 125 companies navigate from inception to IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. and beyond. With approximately $750 million currently under management, ATV's investment philosophy centers on collaborative, active participation with the management teams of its portfolio companies. For more information, visit www.atvcapital.com. About BizLand.com, Inc. BizLand.com (www.BizLand.com) is the leading Internet hub for small business, created to enable small companies to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the power of e-business. The Burlington, MA company provides its growing customer base with a complete array of free Web-based services like Web site hosting, e-commerce storefronts, business promotional tools and other Internet services for the small business entrepreneur. BizLand.com also cultivates a strong small business community through its forums, articles, message boards, advice from industry experts, as well as discounts on business products and services. Since its launch in July 1999, BizLand's membership community has skyrocketed to over 425,000 members. All trademarks, service marks and company names are the property of their respective owners |
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