Comcast Interactive Capital Invests in Exent Technologies.Business/Technology Editors RESTON, Va.--(BUSINESS WIRE)--July 17, 2000 Exent Technologies, a leading developer of Applications-on-Demand (AoD) software for telecom and broadband service providers, and Comcast Interactive Capital today announced an investment by Comcast Interactive Capital (CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ) in Exent Technologies. With this investment Comcast Interactive Capital is joining other 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] and strategic investors such as New Enterprise Associates, General Atlantic Partners, America Online See AOL. , Inc., Temasek Holdings Temasek Holdings is an Asia investment company headquartered in Singapore. With a multinational staff of more than 300 people, it manages a portfolio of over S$160 billion, or more than US$100 billion, focused primarily in Asia. of Singapore, and Singapore Telecommunications Singapore Telecommunications Limited (SGX: T48, ASX: sgt) (commonly abbreviated as SingTel) and formerly known as Telecom Equipment, is Singapore's largest telecommunications company. who have recently participated in Exent's second round of financing. Exent's EXEtender(TM) platform enables on-demand use of popular CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). software, games, education, and business applications over broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. . EXEtender allows independent software vendors and enterprises, as well as ISPs and ASPs, to deliver the software titles high-speed subscribers want, without installing or downloading software on the user's computer. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Zvi Levgoren, 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 Exent Technologies, "Exent is very proud to be chosen by Comcast Interactive Capital for an equity investment. CIC brings a wealth of knowledge, experience and industry contacts that will provide Exent a significant advantage as we expand into the U.S. market." "Exent's technology has the potential to revolutionize the CD-ROM and ASP markets," said John Kole, Managing Director of Comcast Interactive Capital. "Moreover, the company has created a business model that provides a compelling value proposition for all of the relevant parties - from software and content vendors to broadband service providers and their subscribers." Kole added, "We look forward to working with the Exent team in their efforts to make EXEtender the key enabler for online application delivery." About Comcast Interactive Capital Comcast Interactive Capital (CIC) is a $350 million venture capital fund focused on Internet and other interactive technologies. CIC is affiliated with Comcast Corporation, a diversified global leader in broadband services, telecommunications, electronic commerce, and entertainment. The fund's primary goal is to generate superior financial returns from equity investments by bringing to bear the unique resources, experience, and insight of both CIC and the Comcast family of companies. Additional information is available at http://www.civentures.com. About Exent Technologies Inc. Exent Technologies (www.exent.com) is a global leader developing Applications-on-Demand technology for use in advanced telecom, broadband and enterprise services that delivers computer software programs over IP networks. Its flagship product, the EXEtender delivers any executable (.exe) software securely over the Web or an enterprise network for licensed users. Exent has a worldwide marketing deployment, offices in the United States, Hong Kong and Israel and it is noted among broadband service providers around the world. |
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