BizBlast.com Secures $4 Million First-Round Financing Led by SOFTBANK Venture Capital.Business Editors DENVER--(BUSINESS WIRE)--March 9, 2000 BizBlast.com, an Internet Business Bureau dedicated to providing small businesses with easy-to-use Internet tools and services, today announced it has received $4 million in first-round financing led by SOFTBANK Venture Capital and completed by Quest International Quest International was a major producer of flavors and fragrances with sales of £560 million in 2005[1] before its acquisition by rival Givaudan. Quest created and marketed flavours and fragrance concepts and solutions for the fast moving consumer goods industries. Management Company Inc. and Access Venture Partners. The company will use the funding to build the infrastructure to support its proprietary BizBlast Transaction Engine and BizBlast Store Wizard products, which enable users to efficiently and inexpensively create, set up and maintain sophisticated online stores. In addition, BizBlast.com will use the funding to continue product development, conduct initial marketing efforts and create more advanced e-commerce solutions for small businesses. "Our goal is to provide small businesses and entrepreneurs with all the tools, information and help needed to insure their long-term success on the Internet," said Jeff Lamb, BizBlast.com's 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. . "We look forward to bringing to market our technology, which makes it easy for non-computer-experts to set up and maintain sophisticated online storefronts. We're very pleased that SOFTBANK Venture Capital and our other investors recognize BizBlast.com's potential and the strength and the expertise of our management team." In addition to Lamb, who has 15 years of experience driving the rapid growth of business-to-business service companies, including Automatic Data Processing Same as data processing. and The Vincam Group Inc., BizBlast.com's management team includes: Peter Kent, co-founder and Senior Vice President of Product Management. Kent is an author, publisher and e-commerce specialist who has written more books about the Internet than anyone, including such best-sellers as The Complete Idiot's Guide to the Internet and Poor Richard's Web Site: Geek-Free, Commonsense Advice on Building a Low-Cost Web Site. Mike Ceranski, Co-founder and Senior Vice President of Strategic Alliances. Ceranski is a software entrepreneur and designer whose NavCIS CompuServe navigator and WebSprite "Internet push" programs received awards from PC Magazine, PC Business World, ZDNet and TUCOWS TUCOWS The Ultimate Collection of Winsock Software TUCOWS The Ultimate Collection of Windows Software . Ken Williams There are various persons named Ken Williams, which include:
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. , Qwest Inc., Sybase Inc. and Radius and Ingres/ASK Inc. Collis Woodward, Chief Financial Officer. Woodward has managed investment banking firms and has served as CFO See Chief Financial Officer. of Acculabs, Visiscan and Gish Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. Inc., where he organized the company's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . Eric Princen, Chief Technology Officer. Princen is a world-class programmer and system designer who has created award-winning Internet navigation tools and recently completed a sophisticated language tutor Language Tutor is a rapid language learning solution that helps naive users express themselves in day-to-day life. The Language Tutor is being developed at Carnegie Mellon University and is a visionary project of Dr. for the military. "BizBlast.com has an incredible solution for anyone wanting to create a Web site or sophisticated online store," said Bradley Feld, managing director for SOFTBANK Venture Capital's prior and current technology funds and a new member of BizBlast.com's board of directors. "It's cool, cost-effective and very easy to use. With its seasoned team of industry leaders, BizBlast.com and its robust Internet products are sure to be a great success." About SOFTBANK Venture Capital SOFTBANK Venture Capital (SOFTBANK VC) manages venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: 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 Quest International Management Company Quest International Management Company Inc. provides private equity to promising growth companies in the Rocky Mountain region The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. . The company invests in software, Internet services, telecommunication infrastructure companies and other industries offering strong growth and defensible market and technology positions. Its investments include Voyant Technologies, Active Education, Datria Systems, Brock USA, Rapid Communications Partners and Controlled Product Corporation. About Access Venture Partners Access Venture Partners is a seed and early-stage venture capital partnership. The fund invests in technology companies in the mid-continent with growth potential. Access supports entrepreneurial management teams in the process of defining their market, positioning the company around their core competitive advantages, building distribution partnerships and effective organizations and raising additional capital. About BizBlast.com Founded in 1998, BizBlast.com is a Denver-based Internet and e-commerce solutions company. For more information, call (303) 893-4053 or visit www.BizBlast.com |
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