CarbonMedia Receives Capital Infusion to Expand Innovative E-business Technology Capabilities.Business Editors/High Tech Writers NEW YORK--(BUSINESS WIRE)--March 15, 2000 - Marubeni America Corp. and European Investors Form Strategic Partnership with CarbonMedia to Launch International E-Business-to-Business and Business-to-Consumer Solutions Based on a New Business Model - CarbonMedia (www.carbonmedia.com) today announced the closing of its first round of financing from Marubeni America Corp. and a group of European investors. CarbonMedia provides full e-business solutions integrating software and hardware for mid-sized to large companies, and will use the proceeds from the financing to develop new, efficient and scalable business solutions for the web. CarbonMedia is a four-year old end-to-end web solutions development company with a well-established international background helping companies facilitate global and local e-business. CarbonMedia's clients have included Time Warner, AT&T, the International Advertising Association, France Telecom and the French Mint. CarbonMedia's early success in the European online market is illustrated through its leadership in creating a new breed of economic development web sites for European Governments, including six top economic development agencies in Europe. An announcement will be made shortly regarding a new CarbonMedia product for all e-business clients - an e-business solution that offers portable, modular, and scalable services. Marubeni America Corp., a U.S. wholly-owned subsidiary of Marubeni Corporation (Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. : 8002), is increasing its stake in digital commerce business through their strategic partnership with CarbonMedia. Robert Babcock, Vice President of Marubeni America Corp. Investments states, "Marubeni has significant investments in telecommunications bandwidth assets (i.e., sub-sea fiber optic cables Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power and Japanese broadband assets). The products that CarbonMedia offers fit well with what we hope to accomplish in the telecommunications and information technologies fields." Frederic V. Farcy farcy: see glanders. , 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 CarbonMedia said, "We enable the growth of our clients through our innovative technology and our insight into the e-commerce market. In addition to our present services, CarbonMedia will offer its e-business clients a totally unique, highly portable, modular, and scalable e-commerce solution that we will be announcing within a month." CarbonMedia provides international end-to-end e-business solutions. The New York-based technology and marketing agency created a new business model that allows business-to-business and business-to-consumer clients to take advantage of marketing, design, technology and global commerce expertise under one roof. Clients include Time Warner, AT&T, a branch of the French government, France Telecom, The French Mint, the International Advertising Association, Bocado, SydandSam, and Archipelago Archipelago (ärkĭpĕl`əgō) [Ital., from Gr.=chief sea], ancient name of the Aegean Sea, later applied to the numerous islands it contains. The word now designates any cluster of islands. in London. In 1999, Deloitte & Touche ranked CarbonMedia Number 18 in their "Fast 50", one of the fastest growing technology companies in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Region. Marubeni Corporation was established in 1858 and is one of Japan's leading sogo shosha Sogo shosha (総合商社 sōgō shōsha or general trading companies. Marubeni's operations encompass domestic, import, export, and offshore trade and investment activities and range from the development of natural resources to the retail marketing of finished products. The company's total trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. was $98.8 billion in its fiscal year ending March 31, 1999. Marubeni has 8,700 employees and approximately 160 offices and 500 subsidiaries in 80 countries. Marubeni America (www.marubeni-usa.com) is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , with 14 other U.S. locations and 70 subsidiary and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Marubeni America is actively seeking to expand its investments in the telecommunications and information technology sectors, especially in companies that can synergistically syn·er·gis·tic adj. 1. Of or relating to synergy: a synergistic effect. 2. Producing or capable of producing synergy: synergistic drugs. 3. add value to its existing investments. |
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