Coryphaeus Software Closes Equity Private Placement with Three Silicon Valley Investment Leaders; Private Placement Enables Real-Time 3D Graphics Leader to Invest in Long-Term Growth.LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--July 30, 1996--Coryphaeus Software, Inc., a leading innovator of real-time 3D graphics solutions for powerful simulation systems and entertainment applications, today announced that it has closed an equity private placement with three leading Silicon Valley investment concerns. Participating in the private placement are Volpe, Welty & Co.; Kline, Hawkes & Co.; and high-tech financier Arthur Rock Arthur Rock (born August 19, 1926) is a venture capitalist of Silicon Valley, California. He was an early investor in major firms including Intel, Apple Computer, Scientific Data Systems and Teledyne. . The resulting infusion of capital allows Coryphaeus cor·y·phae·us n. pl. cor·y·phae·i 1. The leader of a Greek chorus. 2. A leader or spokesperson. [Latin, leader, from Greek koruphaios, from to invest in the corporation's long-term growth. Financial details of the equity investment were not disclosed. "With this investment, Coryphaeus is well poised to fuel aggressive growth as the company continues to deliver innovative solutions for defense, aerospace, commercial and entertainment customers," said Stephen D. Lakowske, president and founder of Coryphaeus Software. "We are excited to be associated with these three bellwether Bellwether A leading indicator of trends. Notes: A bellwether stock is a stock that is used to gauge the performance of the market in general. General Motors was an example of a bellwether stock, hence the saying "What's good for GM is good for America. investment firms as we drive our industry-leading products into vast new marketplaces." Coryphaeus Software is a leader in supplying visual simulation solutions for training, entertainment, engineering design and other applications that require the creation of interactive 3D virtual worlds. A long-established solutions provider for such applications as flight training and simulation, Coryphaeus recently incorporated technologies used by its defense, aerospace and commercial customers with the introduction of Activation(TM), the company's first product for the rapidly growing 3D game development market. "Coryphaeus Software represents the quintessential quin·tes·sen·tial adj. Of, relating to, or having the nature of a quintessence; being the most typical: "Liszt was the quintessential romantic" Musical Heritage Review. Silicon Valley company," said Adam Cioth, general partner at Volpe, Welty & Co. "The company exhibits a winning business formula: Coryphaeus is focused on delivering cutting-edge technology and products that solve real-world problems for its growing ranks of customers." "We were attracted to Coryphaeus because the company understands clearly how to capture and lead an entire marketplace," said Jerome S Jerome St. Latin doctor of Church; preeminent biblical scholar. [Christian Hagiog.: Attwater, 185] See : Wisdom . Engel, managing partner at Kline, Hawkes & Co. "While too many companies are busy providing commoditized technologies, Coryphaeus is finding new and creative ways to deliver value-added solutions that define the best in real-time 3D graphics." Coryphaeus is the leading innovator of real-time 3D software in a wide variety of industries. Coryphaeus software products allow users to easily create, enter and interact with high-fidelity 3D worlds to solve demanding, real-world problems. Coryphaeus solutions are popular with leading governments for defense and training applications, and with Fortune 500 companies in the aerospace, aviation, game development, entertainment, architecture and engineering industries. Coryphaeus is based in Los Gatos, Calif., and has offices worldwide. Visit Coryphaeus at http://www.coryphaeus.com CONTACT: Catapult catapult (kăt`əpŭlt'), mechanism used to throw missiles in ancient and medieval warfare. At first, catapults were specifically designed to shoot spears or other missiles at a low trajectory (see bow and arrow). Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Carl Furry fur·ry adj. fur·ri·er, fur·ri·est 1. Consisting of or similar to fur. 2. a. Covered with, wearing, or trimmed with fur. b. Covered with a furlike substance. 3. , 415/344-6193 furry@catapultinc.com |
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