Cell Network Investing in Snapsend.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Oct. 17, 2000 Cell Innovation, Cell Network's venture capital company, is investing in Snapsend, an Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the digital photo service. Snapsend is a Swedish company which has created a virtual meeting place where consumers can simply and stimulatingly share their pictures with friends and acquaintances, make their own photo albums and structure their photo folder In a graphical user interface (GUI), a simulated file folder that holds data, applications and other folders. Folders were introduced on the Xerox Star, then popularized on the Macintosh and later adapted to Windows and Unix. In Unix and Linux, as well as DOS and Windows 3. . Since the operation started up this spring, management consultants from Cell Strategy in close collaboration with Snapsend have developed the company's international expansion strategy. "We are now finding unprecedented strength in having Cell Network as a strategic owner," says Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Aslund, MD of Snapsend. "Access to Cell's international network as well as their expertise in wireless and interactive TV is important to our international expansion, and as investors, they complement our other owners well." Cell Innovation's investment is equivalent to an equity share of 7.7 %. "In the USA, developments within this area have been explosive. Since Snapsend acts as a bridge between analogue (electronics) analogue - (US: "analog") A description of a continuously variable signal or a circuit or device designed to handle such signals. The opposite is "discrete" or "digital". and digital photo developing and image management, even owners of analogue cameras have the opportunity to experience digital services already today," says Kristina Ahlberg, MD of Cell Innovation. One of the services from Snapsend is virtual display of personal photo albums. After developing, the customer has access to a digital password- protected folder at snapsend.se, and can compile To translate a program written in a high-level programming language into machine language. See compiler. the pictures into a virtual album. If the customer then wishes to view the pictures, say from a wedding, he invites friends and relatives by e-mail, and they can look at the pictures by opening an accompanying link to the photo folder. Ordinary hard copies or a complete photo album can be ordered by post in conjunction with the virtual display. About Snapsend Snapsend was founded in January 2000 by Thomas Aslund, Mattias Bystrom, and Niklas Jonsson Niklas Jonsson (born May 31, 1969 in Piteå) is a Swedish cross country skier who competed from 1990 to 2002. He won the silver medal in the 50 km at the 1998 Winter Olympics in Nagano. . Since the launch of snapsend.se in August, a steady growth in members has been shown, and trade over the net has started up. Cell Innovation's investment is the last section of an issue carried out by Snapsend totalling MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner 15. Both new and old owners took part in this issue. The largest owners are Wikow Invest AB, Core Ventures and Cell Innovation. Other owners that can be named are AU-system, Element Park and Bjorn Wolrath, the Chairman of Snapsend. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/10/17/20001017BIT00320/bit0001.doc http://www.bit.se/bitonline/2000/10/17/20001017BIT00320/bit0002.pdf |
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