Alitum Inc. Completes $5.5 Million A-Round Funding; Company Plans to Become Leading Provider of Web-Based Business Infrastructure Services.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--April 11, 2000 Alitum Inc. (pronounced ah-LEET-um), an innovative builder of the next generation of business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the solutions, today announced the successful completion of a $5.5 million A-round of financing led by Mission Ventures. Alitum will use the financing for the development of its Internet-delivered business infrastructure services. Michael Harris Mike Harris or Michael Harris may refer to:
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. Dave Ryan Dave Ryan is a play-by-play announcer and reporter for ESPN. He is mostly known for calling PBA bowling events on the network alongside color analyst Randy Pedersen from 2002-2007. , partner at Mission Ventures, "We are very excited about our investment in Alitum's vision since we can clearly see how many funded emerging growth companies will directly benefit from their offerings. This was a key factor in our decision to invest in their ongoing development. We believe Alitum will quickly establish a leadership position in Web-based business infrastructure products and services." About Mission Ventures Mission Ventures is a Southern California-based venture capital fund with $63 million under management in its first fund. In the first quarter of 2000, Mission Ventures closed a second fund of more than $225 million and has two portfolio investments to date. The company's investment strategy is to forge forge Open furnace for heating metal ore and metal for working and forming, or a workshop containing forge hearths and related equipment. From earliest times, smiths (see smithing) heated iron in forges and formed it by hammering on an anvil. loyal, productive relationships with regional business leaders and entrepreneurs -- primarily in early-stage information technology, healthcare, and services ventures. Mission Venture's goal is to help build highly successful companies by maintaining a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. , professional commitment to superior levels of responsibility, integrity and service. About Alitum Alitum Inc. was founded to deliver products and services that will benefit funded fast-growth and emerging-growth companies that value accelerated speed-to-market. These offerings will reflect the sound business practices of top-tier business service providers, such as Andersen Consulting, but are tailored to the needs of earlier-stage companies. All trademarks, such as Alitum, are the property of their owners. Additional information about Alitum will be available at the Web site, www.alitum.com, after April 25. |
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