Aeneid Corporation Raises $32 Million in Latest Round of Funding; J. &W. Seligman, Winstar, and Earthweb Top List of Investors for B2B Enabler.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Feb. 2, 2000 Aeneid Corporation (http://www.aeneid.com) today announced the close of $32 million in new financing led by technology mutual fund manager J. &W. Seligman &Co. Inc. The round includes strategic investments from Winstar (Nasdaq: WCII), Earthweb (Nasdaq: EWBX), and the CEOs of Columbia House, Brightpoint, and Escient. The current round of financing, which brings the company's total private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. to more than $47 million, will help Aeneid grow its position as a leading provider of industry-specific search, monitor and notification infrastructure for business-to-business web destinations and help the company to build an Internet information marketplace through its network of affiliates. The private equity round was secured by Robertson Stephens. &uot;This funding is a testament to the success of Aeneid's business model and the great demand we have had for our services. It will allow us to continue our growth in 2000 by providing EoEnabled Services to a growing number of verticals in addition to the healthcare, high-tech, finance and insurance industries we are already serving. Aeneid has deployed EoCenters on more than 40 leading web destinations and is building an Internet information marketplace through our network of affiliates,&uot; said Doug Bennett Doug Bennett may be:
Aeneid powers B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business web destinations through its EoEnabled Services that build traffic, improve site loyalty and increase revenues through new commerce opportunities. These services, including the EoCenter research engine and EoMonitor personalized tracking service, enable B2B sites with industry-specific search, monitor and notification capabilities that give professionals access to the most relevant and up-to-date information available. Aeneid's affiliate network An affiliate network acts as an intermediary between publishers (affiliates) and (merchant) affiliate programs. It allows publishers to find affiliate programs, which are suitable for their website and it helps websites offering affiliate programs reach its target audience. consists of the web sites of more than 40 diverse and notable companies including Earthweb, American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. , CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information , Office.com and The 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: . The company is the first to build an Internet information marketplace where suppliers of industry information meet consumers. &uot;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. a recent Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. study, business-to-business e-commerce is expected to reach $7.29 trillion by 2004 and much of this commerce will be conducted through the thousands of B2B web destinations being launched over the next year. J. &W. Seligman believes Aeneid is positioned well in this market with its EoEnabled Services that allow these sites to increase traffic, session times and customer loyalty - truly creating business information destinations,&uot; said Storm Boswick of J. &W. Seligman. About Aeneid Corporation Aeneid Corporation (http://www.aeneid.com) powers B2B web destinations with its EoEnabled Services that build traffic, improve site loyalty and increase revenues through new commerce opportunities. These services, including the EoCenter research engine and EoMonitor personalized tracking service, provide a search, monitor and notification infrastructure for more than 40 leading web sites including Earthweb, American Banker, CMP, and Office.com. Aeneid's affiliate network forms an Internet information marketplace where suppliers of information meet consumers. The company is headquartered in San Francisco. TRADEMARKS: Aeneid, the Aeneid logo and EoCenter are trademarks of Aeneid Corporation. All other company and product names may be trademarks of the respective companies with which they are associated. |
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