B2B Auctioneer DoveBid Secures $109.5 Million in Total Series C Funding; Series C Increased By Investments From Yahoo!, Sun, Comdisco and Datastream.Business Editors/High-Tech Writers FOSTER CITY, Calif.--(BUSINESS WIRE)--March 14, 2000 DoveBid, Inc., a leading online and Webcast 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 auctioneer and capital asset sale advisor, today announced that Yahoo! Inc., Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc., Comdisco, Inc. and Datastream Systems, Inc. have invested a combined $24 million into the company's Series C round of financing. This new investment brings the Series C total to $109.5 million. On March 6, 2000, DoveBid announced an investment of $85.5 million from Softbank Capital SOFTBANK Capital is a venture capital group in the United States. See also
TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général ), Temasek Holdings Temasek Holdings is an Asia investment company headquartered in Singapore. With a multinational staff of more than 300 people, it manages a portfolio of over S$160 billion, or more than US$100 billion, focused primarily in Asia. , and repeat investors Fremont Ventures and Mayfield Fund Mayfield Fund is a venture capital firm located on Sand Hill Road in Menlo Park, California, home to many of Silicon Valley's leading venture capital firms. Mayfield was founded in 1969 by Tommy Davis, one of the first venture capitalists. . According to Ross Dove, DoveBid's chairman and chief executive officer, "This completion of our Series C financing emphasizes the support of the technology community for our strategy. Each new investor will bring a unique set of contributions to DoveBid." About Sun Microsystems, Inc. Since its inception in 1982, a singular vision -- "The Network is The Computer(TM)" -- has propelled Sun Microsystems (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ) to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to ".com" their businesses. With $13 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at http://www.sun.com. About Yahoo! Yahoo! Inc. (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) is a global Internet communications, commerce and media company that offers a comprehensive branded network of services to 120 million users each month worldwide. As the first online navigational guide to the Web, www.yahoo.com is the leading guide in terms of traffic, advertising, household and business user reach, and is one of the most recognized brands associated with the Internet. The company also provides online business services designed to enhance Yahoo!'s clients' Web services, including audio and video streaming, store hosting and management, and Web site tools and services. The global Web network includes 22 World properties. Yahoo! has offices in Europe, the Asia Pacific, Latin America, Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. , and is headquartered in Santa Clara, Calif. For more information, visit www.yahoo.com. About Comdisco, Inc. Comdisco provides global technology services to help its customers maximize technology functionality, predictability and availability, while freeing them from the complexity of managing their technology. The Rosemont (IL) company offers a complete suite of information technology services including business continuity, managed network services, and IT control and predictability solutions. Comdisco also offers equipment services to key vertical industries including electronics, communications, laboratory & scientific and industrial automation. For more information, visit www.comdisco.com. About Datastream Systems, Inc. Datastream Systems, Inc. (Nasdaq:DSTM DSTM Dual Stack Transition Mechanism DSTM Differential Space-Time Modulation DSTM Don't Shoot the Messenger, Inc (Milton, Ontario, Canada) DSTM Directorate of Science, Technology and Medicine DSTM Department Store Type Merchandise ) helps companies ensure plant efficiency through intelligent asset management and online industrial procurement. The company's products and services help a wide range of customers in 129 countries including more than 60 percent of the Fortune 500 increase equipment uptime, reduce maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble costs and ultimately, streamline business procurement processes. The company has sold over 55,000 systems worldwide, accounting for more than 56 percent of the unit market share in CMMS/EAM (ARC, 1999). The company's iProcure(TM) network, located at www.iProcure.com, provides procurement capabilities for the industrial market. About DoveBid DoveBid, Inc. is a leader in Webcast and online business-to-business (B2B) capital asset auctions. With millions of dollars of business assets available at DoveBid.com, a regular schedule of Webcast auctions, and an extensive base of large corporate customers, DoveBid is creating a liquid, global market for capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) . DoveBid's e-commerce auction site includes 19 categories of capital assets, including: computers, disk drive and media manufacturing equipment; biotech and lab equipment electronics; electronic test and measurement; food and chemical processing; packaging and converting; woodworking equipment and mills; metalworking and machine tools; office furnishings and equipment; plastics equipment; audio-video-broadcast production equipment; power production equipment; printing equipment; printed circuit board fab and assembly equipment; semiconductor fab equipment; telecommunications equipment; textile and apparel manufacturing equipment; and plant support equipment. DoveBid also provides valuation services for sellers, buyers and financial institutions. For more information, visit DoveBid's Web site at http://www.dovebid.com or call company headquarters in Foster City, at 800/665-1042 or 650/571-7400. |
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