Amazon.com's Randy Tinsley Joins Internet Capital Group as Managing Director of Acquisitions in Seattle Office.Business Editors WAYNE, Pa.--(BUSINESS WIRE)--Feb. 2, 2000 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 Capital taps mergers and acquisitions expert to make strategic additions to collaborative network of B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. partner companies Internet Capital Group (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ICGE), a leading business-to-business (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 ) e-commerce company, today announced the addition of Randy Tinsley as Managing Director, Acquisitions in its Seattle office. Tinsley joins Internet Capital from his post as Vice President of Corporate Development and former Treasurer at Amazon.com. Internet Capital will 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>. Tinsley's diverse background in early and late stage acquisitions as it continues to identify key additions to their collaborative network of partner companies. During Tinsley's years at Amazon.com and Intel, he was involved in more than 100 transactions including full acquisitions and minority investments both within the US as well as internationally. Tinsley's acquisition and business development expertise will help facilitate the growth of Internet Capital's network. &uot;Randy's extensive acquisitions experience will help galvanize gal·va·nize tr.v. gal·va·nized, gal·va·niz·ing, gal·va·niz·es 1. To stimulate or shock with an electric current. 2. and accelerate our expansion into new markets,&uot; said Walter Buckley, president 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. of Internet Capital Group. &uot;As long-time admirers of Randy's extensive industry expertise, we're very excited to have him join our senior management team, working to identify and acquire the leading players in each of the top 50 global markets.&uot; As Managing Director of Acquisitions, Tinsley joins a deeply skilled executive team charged with aggressively building Internet Capital's network of B2B e-commerce partner companies. In his new role, Tinsley will help to identify and acquire interests in winning partner companies in the top 50 global markets. Additionally, he'll help grow Internet Capital's partner companies by identifying and facilitating potential merger and acquisition opportunities. &uot;Speed is of the essence in the rapidly growing B2B space, and Internet Capital needs to keep aggressively pursuing the first movers in this arena, &uot; said Tinsley. &uot;I look forward to using the invaluable experience I've gained from my years at Amazon.com and Intel to help usher USHER. This word is said to be derived from a huissier, and is the name of an inferior officer in some English courts of law Archb. Pr. 25. winning B2B companies into Internet Capital's network of partner companies.&uot; While at Amazon, Tinsley was responsible for the acquisition of 15 companies, including Junglee, Accept.com and Alexa, and made minority investments in other companies, including Pets.com, HomeGrocer.com and DrugStore.com. Tinsley also raised $1.25B through issuance of Convertible Bonds and completed international acquisitions in Japan, England and Germany on Amazon's behalf. Prior to joining Amazon, Tinsley was a Senior Staff Attorney and later the Assistant Treasurer for Mergers and Acquisitions at Intel Corp., where he played a central role in building the company's Corporate Business Development capability. Tinsley holds a Bachelor's Degree from the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , and a J.D. from Santa Clara University School of Law The Santa Clara University School of Law is a private, non-profit law school located in Santa Clara, California. It was founded in 1912 as a part of Santa Clara University, and is known for its diverse student body and excellent reputations in high tech and public service law. . About Internet Capital Group Internet Capital Group is an Internet holding company actively engaged in business-to-business e-commerce through a network of partner companies. It provides operational assistance, capital support, expertise, and a strategic network of business relationships intended to maximize the long-term market potential of more than 50 business-to-business e-commerce partner companies. |
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