AnyDay.com Raises Additional $12.5 Million from SOFTBANK Venture Capital and Carlyle Venture Partners; Venture Capital Investments Total More Than $20 Million in Last 6 Months.CAMBRIDGE Cambridge, city, Canada Cambridge (kām`brĭj), city (1991 pop. 92,772), S Ont., Canada, on the Grand River, NW of Hamilton. It was formed in 1973 with the amalgamation of Galt, Hespeler, and Preston, all founded in the early 19th cent. , Mass.--(BUSINESS WIRE)--Dec. 6, 1999-- AnyDay.com(TM), creator of the Internet's only fully integrated time management solution, today announced the completion of a second round of venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends totaling $12.5 million. The latest round of financing is from SOFTBANK (Softbank Corporation, Tokyo, www.softbank.com) A computer conglomerate founded in 1981 by Masayoshi Son. The company has backed Yahoo! and more than 50 hardware, software, communications and Internet companies both in the U.S. and Japan. Venture Capital, an affiliate of SOFTBANK Corporation, and Carlyle Venture Partners, an affiliate of the Carlyle Group  The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. . Coupled with the $8 million first round of funding from SOFTBANK Venture Capital and Carlyle Venture Partners announced in May 1999, AnyDay.com has raised more than $20 million in just over six months. The new funding will help AnyDay.com expand and retain its rapidly growing membership base, enable AnyDay.com to continue providing enhanced features and functionality, and further the company's mission to be the most comprehensive and fully integrated free time management service on the 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 . "In the last six months, AnyDay.com has executed flawlessly flaw·less adj. Being entirely without flaw or imperfection. See Synonyms at perfect. flaw  less·ly adv. on
the promise of providing a single destination for individuals and groups
to easily manage time and activities in their personal and professional
lives," said Bradley Feld, managing director for SOFTBANK Venture
Capital's prior and current technology funds and board member for
AnyDay.com. "AnyDay.com's unprecedented growth in membership
and richness in functionality has proven to us that their seasoned
management and development teams know how to engineer a fully functional
time management service on the Web. Our additional investment in the
company demonstrates our confidence that AnyDay.com will become the
personal and group organizer of choice on the Web.""We've been extremely pleased with AnyDay.com's ability to transform a vision into reality," said Brian Hayhurst, Vice President at Carlyle Venture Partners. "AnyDay.com's DayPlanner has everything individuals and groups need to become organized. By extending the online calendar to include synchronization (1) See synchronous and synchronous transmission. (2) Ensuring that two sets of data are always the same. See data synchronization. (3) Keeping time-of-day clocks in two devices set to the same time. See NTP. with desktop and handheld organizers See PDA. , an event directory, group scheduling See calendaring. , event planning Event planning is the process of planning a festival, ceremony, competition, party, or convention. Event planning includes budgeting, establishing date and alternate date (rain date), selecting and reserving the event site, acquiring permits, and coordinating transportation and more, AnyDay.com is clearly the only fully functional time management service available today." AnyDay.com's fully integrated solution has evolved tremendously since the launch of the service in July 1999. AnyDay.com features and functionality include: -- Online calendar with to-do's, email reminders and comprehensive address book. -- Fully integrated email scheduling system. -- Group calendars and scheduling. -- Comprehensive event directory to integrate events into a calendar. -- RSVP (ReSerVation Protocol) A communications protocol that signals a router to reserve bandwidth for real time transmission. RSVP is designed to clear a path for audio and video traffic, eliminating annoying skips and hesitations. event planning service. -- Synchronization with most popular desktop and handheld organizers, such as the Palm family and Microsoft(R) Outlook(TM), Lotus(R) Notes, ACT!(TM), etc. -- My Accounts service to organize all online accounts from one site. -- The ability to publish a calendar to the web. -- Full calendar and contact printing capabilities. "We are singularly sin·gu·lar adj. 1. Being only one; individual. 2. Being the only one of a kind; unique. 3. Being beyond what is ordinary or usual; remarkable. 4. Deviating from the usual or expected; odd. focused on making AnyDay.com the premier online destination site for people who want to take control of their busy lives," said Steve Watts Watts, residential section of south central Los Angeles. Named after C. H. Watts, a Pasadena realtor, the section became part of Los Angeles in 1926. Artist Simon Rodia's celebrated Watts Towers are there. , co-founder 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 AnyDay.com. "Since AnyDay.com launched, we've been able to provide our users the tools they need to manage their time. With the significant commitment during the last six months from two of the leading organizations involved in the Internet, SOFTBANK Venture Capital and Carlyle Partners, we are positioned to lead the online calendar market into the new millennium with the most innovative time management service in the industry." About AnyDay.com AnyDay.com, Inc. (http://www.anyday.com), the creator of the Internet's premier time management solution, was founded in 1998 and is headquartered in Cambridge, MA. By extending the capabilities of the online calendar with group organizing, an events directory, integrated e-mail scheduling system and more, AnyDay.com empowers people to efficiently organize all aspects of their professional and personal lives. Backed by the venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , SOFTBANK Venture Capital, an affiliate of SOFTBANK Corporation and investor in Internet companies such as Yahoo! (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) and E
rade, Inc. (Nasdaq:EGRP)
and Carlyle Venture Partners, AnyDay.com has an accomplished
management team with over 40 years of experience in the calendaring
and contact management industry.
About Carlyle Venture Partners
Carlyle Venture Partners, L.P. is a $210 million venture capital
fund focused on the Internet/information technology, communications,
health care services and financial services industries. Carlyle
Venture Partners is affiliated with The Carlyle Group, a global
investment firm based in Washington, DC. The firm currently has over
$5 billion of capital under management by separate teams dedicated to
management-led buyouts and strategic minority investments, venture
capital, real estate and investment opportunities. Carlyle Venture
Partners' other Internet-related investments include Blackboard,
MuniAuction, Narrative Communications (sold to At Home Corporation,
(Nasdaq:ATHM), in December 1998), NorthPoint Communications
(Nasdaq:NPNT), SkyCache, and VarsityBooks.com. More information on
Carlyle Venture Partners is available at
www.thecarlylegroup.com/venture.
About SOFTBANK Venture Capital
SOFTBANK Venture Capital (SOFTBANK VC) manages venture capital
funds focused primarily on early-stage Internet companies. SOFTBANK
VC's technology fund directors are all experienced technology leaders
with prior operating experience as founders of early-stage companies,
senior managers of major technology corporations, and leaders in
investment banking. SOFTBANK VC's past and current portfolios include
public Internet companies such as Critical Path, E-LOAN, GeoCities,
Interliant, MessageMedia, Net2Phone, and TheStreet.com.
About SOFTBANK CORP.
SOFTBANK CORP. has emerged as one of the world's leading Internet
market forces. Through its ownership positions in more than 100
Internet companies and its unique Internet-zaibatsu management
concept, it is able to create market synergies for its family of
companies on a global scale. In Japan its activities encompass
distribution, publishing, Internet media platforms, a broad range of
e-commerce businesses, and joint ventures with companies such as
Microsoft, Cisco Systems, Yahoo!, the National Association of Security
Dealers, and many other market leaders. In the U.S., SOFTBANK is the
largest shareholder in leading Internet companies such as Yahoo!,
E*TRADE and ZDNet, and in Europe has established Internet joint
ventures with News Corp and Vivendi.
NOTE TO EDITORS: The company name E*TRADE contains an asterisk
(*) that may not appear in all databases.
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion