Codexa Corporation Completes $8 Million Initial Financing Round.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Jan. 31, 2000 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 Infrastructure Provider with Wall Street Focus Gains Backing from Putnam Lovell Affiliate Highcrest Partners and East/West Capital Codexa Corporation, a Pasadena, California-based high-end application service provider for Wall Street professionals founded by former institutional investment manager David Leinweber, announced today that it had completed an $8 million initial financing round with investments from two leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . Heading up the initial financing round were investment bank Putnam, Lovell, de Guardiola &Thornton Inc. through its Highcrest Partners affiliate, and East/West Capital, a Los Angeles-based venture capital firm specializing in companies operating at the convergence of media, commerce, and communications. Codexa plans to use the funds for staff and infrastructure expansion. The company will also be opening a 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 office. In conjunction with the completion of the financing round, Jeffrey Lovell, co-founder and President of Putnam Lovell, and Paul Nadel, President of East/West Capital, have been appointed to Codexa's Board of Directors. Messrs. Lovell and Nadel join other members of Codexa's Board including Dale Prouty, former Executive Vice President of International Technology Group (ITG ITG In the Groove ITG Investment Technology Group ITG Information Technology Group ITG International Trumpet Guild ITG Instituut Voor Tropische Geneeskunde (Dutch: Institute of Tropical Medicine; Antwerp, Belgium) ), Harry R. Lewis, Dean of Harvard College and the Gordon McKay Professor of Computer Science at Harvard University, Henry A. Lichstein, senior technology strategist at Citigroup, David Leinweber, Chairman, 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. , and founder of Codexa, and Larry Russell, Codexa founder and Executive Vice President. Founded in March 1999, Codexa is developing a suite of decision-support tools to help professional investors cope effectively with the avalanche of financial information available on the Internet. The Company's web site is www.codexa.com. Editor's Note: Putnam Lovell can be found on the Internet at www.putnamlovell.com. East/West Capital can be found at www.ewcapital.com. East/West Capital's previous investments include companies such as InterNAP (Nasdaq:INAP (Intelligent Network Application Part) An IN (Intelligent Network) protocol used in a European SS7 network to query databases for a variety of functions not related to call setup and tear down. INAP uses the ASN.1 standard for defining message content. See SS7 and ASN.1. ), Digital River (Nasdaq:DRIV DRIV Drive (street type) ), Encoding.com (Nasdaq:LOUD), and Salon.com (Nasdaq:SALN). |
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