CCC Network Systems Completes $16.5 Million Financing Led by MSD Capital & Global Crossing Ventures.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--March 13, 2000 Dell Computer Corporation (company) Dell Computer Corporation - One of the biggest US manufacturers of IBM PC compatibles. "From notebooks to networks", their slogan says. http://us.dell.com. , Robertson Stephens & Co. and Meyer Duffy Ventures Fund Participate in Funding Company's Growth within the Internet Infrastructure Marketplace CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. Network Systems, Inc. a world leader in high performance switching and remote management solutions for e-commerce and corporate data centers, announced today a $16.5 million investment from MSD (MicroSoft Diagnostics) A utility that accompanied Windows 3.1 and DOS 6 that reported on the internal configuration of the PC. A variety of information on disks, video, drivers, IRQs and port addresses was provided. Capital L.P., Global Crossing Ventures, Inc., Dell Computer Corporation, Robertson Stephens & Co. and existing investor Meyer Duffy Ventures Fund. "MSD Capital has a substantial track record working with emerging IT companies, and, with the development of the e-commerce marketplace, we see the server management platform as a major market opportunity," said Glenn Fuhrman of MSD Capital. "CCC's FreeVision(TM) technology, product breadth and vision, performance, scalability, and strategic business focus will enable it to be a leader in this growing marketplace." CCC Network Systems' solutions facilitate efficient and secure management of thousands of servers within Web-hosting facilities and corporate data centers, optimizing costly and valuable space and lowering Total Cost of Ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ). "The investment from these premier firms reinforces our technological leadership, capability and commitment to meeting the increasing server management needs of e-business," stated Stuart Ogilvy, 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 CCC Network Systems. "The investment will enable us to extend our leading position within the marketplace, expand the execution of our product vision and provide an even higher level of service and support to our customers." About CCC Network Systems Founded in 1988, CCC Network Systems is a world leader in enterprise class, mission-critical switches and remote access technologies for Web-hosting facilities and corporate data centers. CCC solutions are installed in some of the world's largest Web-hosting, co-location ASP's and ISP's including Exodus, Digex, MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. UUNet, Cable and Wireless, Interliant, Peoplesoft and Microsoft, and in corporate data centers such as CS First Boston, VISA and Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 . The company has headquarters in Long Island, New York and an advanced research and development facility in the United Kingdom. CCC employs over 200 personnel and has offices worldwide. About MSD Capital, L.P. MSD Capital is a private investment firm that engages in a broad range of investment activities, with a strong emphasis on technology companies. More information about MSD Capital can be found at http://www.msdcapital.com. About Global Crossing Ventures Inc. Global Crossing Ventures, Inc., the venture capital arm of Global Crossing Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GBLX GBLX Global Crossing Ltd. (stock symbol) ), was founded in February of 1999 to establish relationships with start-ups and entrepreneurs developing services, equipment, or applications that have the potential to significantly impact the Internet or communications sectors. Through these relationships, Global Crossing Ventures, Inc. will be able to offer technical and strategic guidance on products and applications, identify new business opportunities, and work side-by-side with industry visionaries to create next-generation Internet solutions. For more information, visit www.gcventures.com. About Dell Computer Corporation Ranked No. 78 among the Fortune 500 companies and No. 210 in the Fortune Global 500, Dell Computer Corporation is the world's leading direct computer systems company, based on revenues of $23.6 billion for the past four quarters. Dell designs, manufactures and customizes products and services to customer requirements and offers an extensive selection of software and peripherals. Information on Dell and its products can be obtained through its toll-free number 1-800-388-8542 or by accessing the Dell World Wide Web site at www.dell.com. About Robertson Stephens & Co. Robertson Stephens is the leading full-services investment bank focused exclusively on growth companies. In 1999, the firm completed over 230 public offerings and over 40 private offerings, raising more than $40 billion in capital for clients. In addition, the firm advised on over 80 M&A transactions in 1999 with an aggregate value in excess of $50 billion. The firm's 47 equity research analysts cover nearly 700 companies. Founded in 1978, Robertson Stephens (Legal name: FleetBoston Robertson Stephens Inc.) is a section 20 subsidiary of FleetBoston Financial Corporation (NYSE NYSE See: New York Stock Exchange : FBF FBF Forearm Blood Flow FBF Frankfurt Book Fair FBF Feedback Form FBF Frame by Frame (animation technique) FBF FleetBoston Financial Corporation (stock symbol) FBF Fundamental Baptist Fellowship ) and a member of the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and all major exchanges. Together, Robertson Stephens, FleetBoston Robertson Stephens International Ltd., and Robertson Stephens Evergreen Securities Ltd. employ over 1,000 employees worldwide with offices in Boston, San Francisco, New York, Menlo Park, Chicago, London and Tel Aviv. For more information, visit www.rsco.com. About Meyer, Duffy & Associates Meyer, Duffy & Associates (MDA (1) (Monochrome Display Adapter) The first IBM PC monochrome video display standard for text. Due to its lack of graphics, MDA cards were often replaced with Hercules cards, which provided both text and graphics. See PC display modes and Hercules Graphics. ) is a New York based, early stage venture capital firm focusing on emerging "best of breed" technology companies concentrating on the management of corporate networks and Internet infrastructure, with particular focus on companies providing services and software solutions. MDA investments include Predictive Systems (Nasdaq: PRDS PRDS Parti Républicain Démocratique et Social (French: Democratic and Social Republican Party, Mauritania) PRDS Pitt-Rogers-Danks Syndrome PRDS Peachtree Rainbow Deaf Society, Inc. ), Paradigm4, CCC Network Systems, Riversoft and Novazen. FreeVision is a registered trademark of CCC Network Systems, Inc. |
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