Agilera Secures Additional $5 Million in Financing; GE Capital Investment Brings Total to $85 Million in Second Round Funding.Business & High-Tech Editors ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 22, 2000 Agilera, a leading full-service pure-play application service provider (ASP), today announced that it has secured an additional $5 million from GE Capital in its second 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. , bringing the total sum of the company's second round funding to $85 million. The company will use the additional financing to fund its rapid growth and support the expansion of its operations. Agilera's extremely successful second equity financing, which was completed in August, was led by First Union Capital Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and included other first-time investors Providence Equity Partners Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies. , Lonetree Partners, C.E. Unterberg, Towbin and existing investors Verio Inc. (Nasdaq:VRIO VRIO Virtual Reality Input Output ) and Centennial Ventures. Agilera-founder CIBER CIBER Center for International Business Education and Research (various locations) CIBER Center for International Business and Research (Michigan State University) CIBER Cellular Inter-Carrier Billing Exchange Record , Inc. (NYSE NYSE See: New York Stock Exchange :CBR (1) (Computer-Based Reference) Reference materials accessible by computer in order to help people do their jobs quicker. For example, this database on disk! (2) (Constant Bit Rate) A uniform transmission rate. ) was also instrumental in facilitating Agilera's second equity financing. "The market for ASP services continues to show rapid growth. Agilera is well positioned to deliver higher quality and value-added services to customers because of its XE/XP offering, outsourcing expertise and established Internet infrastructure," said Michael Cummings, managing director, GE Capital. "Evidenced by its list of blue-chip investors and its strong management team, customer base and strategic partners, we believe Agilera has the strategy, people and service offerings to reinforce its position as a leading ASP." "We believe ASPs will be a driver of economic growth in the knowledge value economy, and Agilera is poised to lead this charge," said Agilera Chairman and 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. Paul Rudolph. "The backing of industry leaders Verio and CIBER and our other strategic investors will fuel Agilera as we expand on our market leadership. Not only will their investment help us achieve our goals, but with their business acumen and guidance, Agilera will change what is expected from the ASP industry." Agilera has cemented a leadership position in the explosive ASP market, delivering the top-tier solutions, integration and strategic counsel that enables established and emerging customers such as Kemper Insurance, SCI (Scalable Coherent Interface) An IEEE standard for a high-speed bus that uses wire or fiber-optic cable. It can transfer data up to 1GBytes/sec. (hardware) SCI - 1. Scalable Coherent Interface. 2. UART. Companies, MD Helicopters and Legend Airlines to compete in the knowledge value economy. Further establishing its preeminence in the market, Agilera recently launched its Extended Enterprise (XE)(TM) and Extended Platform (XP)(TM), which signifies a first in the industry: a customizable interface delivered to users' desktops -- the Agilera Enterprise View(TM)-- that provides one clickable clickable adj (COMPUT) → cliqueable clickable adj → cliccabile view of their business. The Enterprise View is tailored to the needs of every individual so that employees get information from an enterprise, not an application. About Agilera Agilera is a full-service, pure-play application service provider (ASP) that provides a flexible hosting platform for IT and e-business operations. Agilera's Extended Enterprise (XE) and Extended Platform (XP)(TM) products deliver an integrated set of software applications that offer a bundled end-to-end solution -- all through a customizable browser interface. Agilera, founded by CIBER, the trusted technology leader transforming businesses to be agile, scalable and connected; Verio, the world's largest Web hosting company; and Centennial Ventures, Colorado's largest venture capital firm, provides customers the velocity for faster time to market, as well as "dot.com agility and Fortune 500 stability(TM)." The company is headquartered in Englewood, Colo. Agilera's Web site is www.agilera.com |
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