Cambridge Technology Partners Inc. Invests in Access International, Inc.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 27, 2000 Cambridge Technology Partners, Inc. (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 :CATP CATP Cambridge Technologies (stock symbol) CATP Coverage Acceptance Test Plan CATP Committee of Adaptation to Technical Process ), a global e-Solutions provider, today announced that it led the first round of financing for the development and roll out of ACCESS International's new line of e-centric philanthropy management services. "This was an excellent opportunity to invest in an Internet service company with a new business model that leverages breakthrough technology," said Ralph Linsalata, head of Cambridge's venture capital arm. "ACCESS International has been a leading supplier of charitable fund raising and management software for the past 20 years, and with the forthcoming releases of their new e-centric products and ASP services, they will be well positioned to assist the philanthropic industry to adapt to the new Internet See Web 2.0 and Internet2. economy." William C. Wood, 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 ACCESS International, commented "Cambridge has the `know-how' through their e-business expertise to assist us in building a world-class company that delivers e-philanthropy solutions." ACCESS International recently launched DonateTo (www.donateto.com) which provides technology to allow organizations to have a private labeled philanthropic presence on the Internet. This end-to-end giving solution is being incorporated into high-traffic portals, e-businesses and corporate Web sites, enabling users to make charitable contributions charitable contribution n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. directly to the causes, communities or charities of their choice in a flexible and secure environment. The company's flagship ENTERPRISE(R)software is used by leading not-for-profit organizations like United Way and Carnegie Hall Carnegie Hall Concert hall in New York, N.Y., U.S. It was endowed by the industrialist Andrew Carnegie at the insistence of the conductor Walter Damrosch (1862–1950). to facilitate all aspects of their fund raising and donation processing activities. About Cambridge Technology Partners Cambridge Technology Partners provides strategic and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects as well as systems integration services to transform its clients into e-Businesses. Working in collaboration with Global 1000 and high-velocity middle market companies, Cambridge combines a deep understanding of New Economy issues with integrated, end-to-end services, and a proven track record of shared risk and rapid, guaranteed delivery. Cambridge generated $628.1 million in revenue in 1999, with $243.3 million from its global e-Business solutions. Cambridge has approximately 4,000 employees and 50 offices worldwide. Cambridge is a Safeguard Scientifics (NYSE NYSE See: New York Stock Exchange : SFE See Sydney Futures Exchange. ) partner company. Cambridge on the Web: http://www.ctp.com. As part of Cambridge's New Economy Company (NEWCO) business model, the Company makes venture-style investments in e-services and e-infrastructure companies. Funds for those investments, and in case of ACCESS International, come either directly from the Company or from one of the Company's 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: , Cambridge Technology Capital Fund I or Cambridge Technology Capital Fund II. About ACCESS International Cambridge, MA-based ACCESS International is a recognized leader in the development and deployment of e-business fund raising and infrastructure solutions for the not-for-profit and employee work place giving markets. The company's e-centric solutions are based on proven technologies and best practices gained through developing fund raising solutions with many of the nation's leading charities. Last year, ACCESS International's customers collectively raised over $1 billion dollars for their respective causes and communities. |
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