ClickServices Closes $12 Million in Strategic Round of Funding; Cisco Systems Leads Round and is Joined by Jefferies and Previous Investors.Business Editors NEWARK, Calif.--(BUSINESS WIRE)--Oct. 9, 2000 ClickServices, a leading provider of wireless Internet and intranet infrastructure, today announced the completion of a strategic round of funding led by Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc. Cisco Systems is joined by new investor, Jefferies & Company, Inc. and existing investors Angel Investors, L.P. and German American Capital Corporation. This round of funding will be used to further enhance marketing efforts, for research and development, and for strategic partnerships. ClickServices' global wireless platform is utilized by a variety of customers in the business-to-business (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 ), business-to-enterprise (B2E B2E Business to Employee B2E Business to Enterprise ) and business-to-consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) marketplaces. The company's portfolio of customers includes BidCrawler.com, PurchasePro.com, SINA.com and UpsideToday. ClickServices has also partnered with well-known industry players such as XO Communications (formerly Concentric Networks), Bowstreet, Pixo and Diversinet. "We invested in ClickServices because of the quality of its management team, proven business model and an impressive list of paying customers," said David Liu, vice president for Jefferies. "We believe that this investment further validates that ClickServices offers one of the industry's most interoperable, scaleable and globally-adaptable wireless communications platform." "ClickServices' vision is to provide a comprehensive IP-based wireless Internet platform," said Sundaram Natarajan, president and 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 ClickServices. "The endorsement from Jefferies, a leading global investment bank, further substantiates our business model, which provides wireless infrastructure solutions on a global scale." About Jefferies & Company, Inc. Jefferies & Company, Inc., the principle operating subsidiary of Jefferies Group, Inc. (NYSE NYSE See: New York Stock Exchange :JEF JEF Jefferies Group, Inc. (stock symbol) JEF Junge Europäische Föderalisten (German: Young European Federalists) JEF Joint Educational Facilities, Inc. ), is an institutional brokerage firm focused on trading in equity, high yield, convertible and international securities, as well as research for institutional investors, and an investment bank providing capital raising, merger, acquisition, and restructuring services for middle market companies. Jefferies is also a leader in equity trading for institutional investors, as recognized by numerous consulting and survey organizations. Jefferies Group, Inc. employs over 900 people in 19 offices worldwide, including Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, 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 , Paris, San Francisco, Tokyo and Zurich. Further information about Jefferies, including a description of trading, research and investment banking services, can be found at Jefferies' Web site, www.jefco.com. About ClickServices ClickServices is the leading provider of wireless Internet and intranet infrastructure solutions for ISPs and ASPs, dot-coms, enterprises, and carriers. The company's Wireless Communication Platform intelligently distributes content, messaging, applications and commerce to wireless devices worldwide. ClickServices provides a layer of abstraction See abstraction layer. enabling applications to operate over different carrier networks, devices, and in multiple languages. The company's platform offers an evolutionary path to existing and future wireless technologies. ClickServices' modular, extensible, standards-based solutions enable the rapid development, deployment, and hosting of wireless services. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion