BLUESTONE SECURES $25 MILLION IN NEW FUNDING.MOUNT LAUREL, N.J.--(BUSINESS WIRE)--June 14, 1999-- Bluestone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. (R) Software Inc., a performance leader in Enterprise Interaction Management, today announced that the company has completed a third round of financing for $25 million from the investment community, including some notable investment firms. Deutsche Banc Alex. Brown served as the exclusive placement agent in connection with this private equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . Existing investors, G.E. Capital Corporation, Patricof and Co., and Adams Capital, were joined by a number of new investors, including Van Wagoner The Van Wagoner was an American automobile manufactured between 1899 and 1900. Advertised as being "built on a simple plan that does away with several levers and push buttons", the car was built in Syracuse, New York, and could supposedly be "controlled with one hand". Capital Management, Inc.; Seligman's Communications & Information Fund; Williams, Jones and Associates; OppenheimerFunds, Inc.; Chelsey Capital Management; CSK CSK see chronic superficial keratitis. Venture Capital; Essex Investment Management Company; FGII FGII Federasi Guru Independen Indonesia Ventures; Odyssey Capital; Riggs Capital Partners; Willow and Co.; St. George Capital; Tyson Street Partners; New Venturetec; Westfield Capital Westfield Capital, formerly known as Capital Mall, is a shopping mall owned by The Westfield Group, and is located in Olympia, Washington. Its major anchor stores include Macy's, JCPenney, and Best Buy. Management; and Winfield Capital Corporation. "This enthusiastic reception from the investment community is a declaration of the tremendous support and confidence in Bluestone's future," stated P. Kevin Kilroy, president of Bluestone. "We are poised to take full advantage of this capital to secure our market leadership." About Bluestone Software Bluestone Software Inc. is a performance leader in Enterprise Interaction Management software. Companies deploying Internet Commerce applications like ARI ARI Acute respiratory infection, see there , Conexant (formerly Rockwell Semiconductor), Dreyfus Corp., Eli Lilly Eli Lilly can refer to:
(2) (Microwave Communications Inc. WorldCom, Reliance National, and Time Inc. depend on Bluestone Sapphire/Web(R) and Bluestone XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Suite(tm) Application Server frameworks to integrate business applications into Web-enabled environments, manage information interactions, and exchange data with employees, partners, and customers. For more information about Bluestone, please call 609-727-4600 or visit http://www.bluestone.com. Bluestone and Sapphire/Web are registered trademarks, and Bluestone XML Suite is a trademark of Bluestone Software, Inc. All other names, brands or products may be trademarks or registered trademarks of their respective owners. Quote addendum: Essex High Technology Fund, LP "Application server architectures, especially Web-based architectures, are going to be a high-growth market," said Colin McNay, portfolio manager of Essex High Technology Fund, LP. "Bluestone has emerged as one of the market's leading providers by delivering products with comprehensive capabilities - from development to management - as well as the scalability needed to support the large number of interactions typical of Web applications." Oppenheimer Enterprise Fund "On behalf of Oppenheimer Enterprise Fund, we are very enthusiastic about the investment we recently made in Bluestone Software," stated Jay Tracey, vice president, portfolio manager at Oppenheimer Enterprise Fund, a $450 million fund, specializing in small, rapidly growing companies. "In our view, Bluestone has developed leading edge, mission critical enterprise software solutions, addressing the increasingly important business need to gain competitive advantage through better deployment of information across the Internet, intranets, and extranets to employees, customers, suppliers, and partners." Winfield Capital Corp. "Bluestone and its ground-breaking technology present an enormous potential for success," stated David Greenberg, managing director at Winfield Capital Corp., a publicly traded small business investment company (WCAP-NASDAQ). "We are very excited about being a part of the company's promising future." |
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