Boston Millennia Partners Invests in Infotrieve.Business Editors/High-Tech Writers BOSTON--(BUSINESS WIRE)--Jan. 8, 2004 Boston Millennia Partners is pleased to announce its recent investment in Infotrieve's $21.8 million Series B Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. round of financing. Infotrieve is the leading provider of outsourced document delivery and information services See Information Systems. to corporations, academic institutions, and individuals. Specializing in scientific, medical, and technical content, Infotrieve last year delivered over 1,000,000 articles, from over 200,000 specialty journals and publications to worldwide clients such as Eli Lilly Eli Lilly can refer to:
Wes Crews, 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 Infotrieve, said, "Boston Millennia's expertise and domain knowledge in life sciences brings significant strategic value to the company's growth plans. The firm's strategic guidance and connections with thought leaders in the industry will be particularly valuable as the company develops new information services for our pharmaceutical and biotech customers." "Infotrieve's management identified a demand shift toward single source solutions for content delivery and developed the leading document delivery platform in the market," said Jean-Yves Lagarde, Partner at Boston Millennia Partners. "Infotrieve's management team has previously built companies in the information services market that achieved revenues of over $300 million, and we believe they are capable of repeating their successes with this opportunity." "Infotrieve operates in the highly fragmented $1.6 billion market for document delivery services. Consequently, the company is ideally suited to implement Boston Millennia Partners' Core Strategy - a strategic acquisition program designed to build large-scale, profitable businesses," said Dana Callow, Managing General Partner of Boston Millennia Partners. "We look forward to supporting Infotrieve's expansion through both internal growth and strategic acquisition." About Infotrieve Infotrieve is the leading integrated solution provider of outsourced research information services to corporations, academic institutions and professionals. Infotrieve serves scientific, technical and medical research organizations, and the company's services include single-source document retrieval and delivery, outsourced library services, such as contract staffing and specialized library management, and software applications for document ordering, management, and electronic delivery. For more information, please visit www.infotrieve.com. About Boston Millennia Partners Boston Millennia Partners is a leading venture capital firm, with over $700 million under management. Millennia invests in high-growth businesses in the information technology and business services, life sciences and telecommunications industries, and considers venture investment opportunities at all stages of development, from start-up through pre-public offering. Typical investments range from $3 million to $15 million. Millennia's experienced management team has funded over 85 companies in the U.S. venture market since 1980, including such portfolio companies as PAREXEL International (Nasdaq: PRXL), Proteome/Incyte Genomics (Nasdaq: INCY), HotJobs/Yahoo (Nasdaq: YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), Yantra Yantra is a Sanskrit word that is derived from the root meaning "to restrain, curb, check".[1][2] Meanings for the noun derived from this root include "that which restrains or fastens, any prop or support", "a fetter", "any instrument or machine", "an , Verio/NTT Communications (NYSE NYSE See: New York Stock Exchange : NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform ), PowerFone/Nextel Communications (Nasdaq: NXTL), Brooks Fiber Properties/MCI WorldCom, and ILEX Ilex a bush bearing berries containing saponins; cause vomiting, diarrhea. Called also holly. Oncology (Nasdaq: ILXO), among others. For additional information, please visit our website at www.millenniapartners.com. |
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