Asera, Inc. Completes Series C Round of Funding With $115 Million; Bowman Capital Is Lead Investor In Top E-business Company.Business Editors/Technology Writers BELMONT, Calif.--(BUSINESS WIRE)--Aug. 28, 2000 Asera, Inc., a leading provider of Internet solutions for the business-to-business demand chain, announced today that the company has secured a total of $115 million at the completion of its Series C round of funding. The investors include Amerindo Investment Advisors, Inc., Bowman Capital, BP Amoco plc, Capital Research and Management Company, AC Ventures, the venture capital unit of Andersen Consulting, Eastman Chemical Company Eastman Chemical Company is a United States based chemical company, engaged in the manufacture and sale of chemicals, plastics and fibers. Eastman has 16 manufacturing sites in 10 countries, supplying its products throughout the world. , Kleiner Perkins Caufield & Byers, KTB KTB Keep Texas Beautiful (Austin, TX) KTB Korea Treasury Bond KTB Kick the Bucket KTB Kenyan Top Bar (beehives) KTB Keppel Tatlee Bank Ltd (commercial bank in Singapore) Network Corporation, Laurinvest, Morgan Stanley Dean Witter, Nortel Networks, SAP Ventures, Siemens AG, and TIBCO Software Inc. Asera will use the funding to meet the growing demand for the Asera eService and its unique e-business platform, and to expand and scale operations both domestically and internationally. "The scale of this investment reflects the tremendous potential for Asera to gain increased momentum in the business-to-business electronic commerce market, through expanded solutions offerings for customers and extending our global reach," said Warren Weiss, 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 Asera. "This funding strengthens Asera's position as a company that is revolutionizing the way software has traditionally been developed and delivered." Leading the Series C investors is Bowman Capital, the investment firm that also led Asera's Series B funding round. "Bowman Capital is pleased to make this investment in a company that has demonstrated it can create new business opportunities for Fortune 2000 companies," said Matthew Cowan, general partner, Bowman Capital. "Asera is well-positioned as a top leader in e-business." About Asera, Inc. Asera provides high-value Internet solutions for the business-to-business demand chain -- the process of marketing, selling and supporting products through distribution channels. Delivered as a managed service on a pay-as-you-use basis, Asera's unique offering, the Asera eService, is a high-impact e-business solution that improves channel effectiveness, sales volume and customer loyalty. Whether companies go to market via direct and indirect channels or are building a Web-based marketplace, the Asera eService can be rapidly configured and personalized to support each unique, differentiated channel strategy. Based on an open, modular architecture, the Asera eService delivers personalized functionality on demand, and can quickly incorporate best-in-class industry innovations to adapt to business change in Internet time. With the Asera eService, companies can activate their channels faster, deliver unique value immediately and adapt their e-business ahead of the competition. Asera, Inc. can be found on the World Wide Web at http://www.asera.com. About Bowman Capital Bowman Capital, a premier Silicon Valley investment firm, specializes in both public and private technology growth companies. The firm currently manages more than $5 billion in assets. Bowman Capital's investment philosophy is based on intensive, fundamental research on companies in the semiconductor, enterprise software, communications, and networking industries. Bowman Capital's private equity portfolio consists of more than 50 companies, including Arrowpoint Communications (ARPT ARPT Airport ARPT Ateneo Rifle Pistol Team ARPT Adaptive Research Planning Teams ARPT Adenine Phosphoribosyltransferase ARPT Access Region Prediction Table ), Broadbase Software (BBSW BBSW Bank Bill Swap Reference Rate (Australian financial market) ), ONI ONI abbr. Office of Naval Intelligence Noun 1. ONI - the military intelligence agency that provides for the intelligence and counterintelligence and investigative and security requirements of the United States Navy Systems Corp. (ONIS), Support.com (SPRT SPRT Support SPRT SupportSoft, Inc (stock symbol) SPRT Sequential Probability Ratio Test SPRT Standard Platinum Resistance Thermometer SPRT Simple Packet Relay Transport SPRT Standard Quality Platinum Resistance Temperature Detector ), Ventro Corp. (VNTR VNTR Variable Number of Tandem Repeat(s) ) and Sycamore Networks (SCMR SCMR Supply Chain Management Review SCMR Society for Cardiovascular Magnetic Resonance SCMR Software Configuration Management Record SCMR Symmetrical Compact Microstrip Resonator SCMR Service Control Manager Remote ). Bowman Capital was founded in 1995 and is based in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. . For more information visit www.bowmancapital.com, or contact Evangelina Garcia, garciae@fleishman.com at (415) 356-1026. Asera and the Asera eService are trademarks of Asera, Inc. All other names may be trademarks or service marks of their respective owners. |
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