Bowstreet CEO Joins eSprocket Board of Directors.Business/Technology Editors BOSTON--(BUSINESS WIRE)--Aug. 15, 2000 eSprocket (www.esprocket.com), the premier online marketplace for the $400 billion used capital equipment market, today announced that Bowstreet 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. Bob Crowley has joined its Board of Directors. Crowley is the latest addition to eSprocket's board which includes Gautam Prakash, general partner of Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. ; Philip Summe, principle of Flatiron Partners; Gregory Barr, managing director of Navis Partners; John Coleman, president of VIA; Michael Feinstein, president of Universal Metalworking Equipment; and Ben Coes, president and CEO of eSprocket. "I'm very excited to join the eSprocket team," said Crowley. "eSprocket's proprietary negotiation technology-- the Negotiation Table (TM) -- coupled with keen market knowledge and superior management vision makes eSprocket stand out in the business-to-business exchange arena." Bowstreet is a leading provider of 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. infrastructure for business-to-business Web marketplaces. Bowstreet has been ranked as one of the top e-commerce start-ups in the country and has raised $90 million from leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , global investment banks and strategic corporate investors. Bowstreet clients include IBM, Novell, FedEx, Merrill Lynch, Energy/Portal.com and iProperty.com. Prior to joining Bowstreet, Crowley was founder and president of Arbortext, the award-winning provider of XML-based enterprise software for information creation. He has previously served as vice president of business development at Kenan Systems Corp. and worked at USCS USCS United States Code Service USCS United Sprint Car Series (auto racing) USCS United States Customs Service USCS Unified Soil Classification System USCS University of South Carolina Spartanburg USCS Universal Ship Cancellation Society International (d.b.a. CableData) in California, where he launched the world's first telecom/cable convergent software system in the deregulated U.K. market. From 1979 to 1984 he ran American Cablesystems in upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . Crowley holds a B.A. in Finance and Marketing from Villanova. About eSprocket eSprocket is a leading 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 negotiation-based marketplace for the buying and selling of used capital equipment and idle assets. Its proprietary negotiation software-- the Negotiation Table(TM)--streamlines the used capital equipment procurement process. This unique negotiation-based system enables buyers and sellers to negotiate and draft real time contracts, facilitating the transaction process. eSprocket also provides access to end-to-end fulfillment services, such as appraisal, inspection, finance, insurance and shipping, through its strategic alliances network. eSprocket is backed by a premier syndicate of investors such as Bessemer Venture Partners, Chase Capital Partners, Fleet Equity Partners and individuals including John Chambers of Cisco Systems. eSprocket is headquartered in Boston, Massachusetts, with offices in Birmingham, Alabama, Los Angeles and San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , Chicago, Illinois and Portland, Maine. |
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