CyberMedia accepts strategic investment from Kleiner, Perkins, Caufield & Byers.SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--July 23, 1996--CyberMedia, maker of the best-selling Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. software product, First Aid 95, Tuesday announced the completion of a $5 million private equity offering led by Kleiner, Perkins, Caufield & Byers and including other existing investors. The investment will give the company additional resources to fuel their rapid growth. "The investment by Kleiner, Perkins validates our strategy to use the Internet to provide automated service and support for personal computer users," said Unni Warrier Unni Warrier is the co-founder, and former president, chairman, and CEO of CyberMedia, a public company providing automatic service and support software for the PC. Biography Unni Warrier is a tech entrepreneur. , 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 CyberMedia. "Kleiner, Perkins has had great success with Internet technology companies such as Netscape. This relationship with them will help CyberMedia grow even faster." 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. PC Data's most recently published report, CyberMedia's First Aid 95 is among the nation's top five best-selling retail software products, with over 1 million copies sold. First Aid 95 is the first software product designed to automatically fix Microsoft Windows 3.1 and 95 software configuration problems to protect against general protection faults, software conflicts and optimize PC performance. CyberMedia has made a commitment to leverage the Internet as a key component of its business strategy. First Aid 95 Deluxe is designed to update itself automatically over the Internet. CyberMedia's newest product, Oil Change, automatically updates all PC software applications via the Internet to obtain the latest updates, drivers and patches. Oil Change beta 2.0 is now available the retail version will ship in September 1996. Current Investors Inside investors who participated in this round of funding include the San Francisco Bay San Francisco Bay, 50 mi (80 km) long and from 3 to 13 mi (4.8–21 km) wide, W Calif.; entered through the Golden Gate, a strait between two peninsulas. Area-based 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] Nazem & Company, New Enterprise Associates, Draper-Fisher Associates, Thorner Ventures and Dr. Suhas Patil Dr. Suhas S. Patil, born 1944 in Jamshedpur, Jharkhand, India, is a Silicon Valley tycoon, venture capitalist and philanthropist. He founded the company Cirrus Logic which is recognized for creating the fabless business model of semiconductor companies. , founder and chairman of Cirrus Logic. About CyberMedia CyberMedia develops and markets self-help products and services that provide automatic service and support to personal computer users. Founded in 1991, CyberMedia is privately held with company headquarters at: 3000 Ocean Park Blvd., Suite 2001, Santa Monica, Calif. Phone: 310/581-4700. To order, call 800/PC-1ST-AID (800/721-7824) or visit the CyberMedia Web site and select "Buy First Aid." For additional information on CyberMedia products, visit the CyberMedia Web site at http://www.cybermedia.com, America Online forum (keyword: CYBERMEDIA) or CompuServe forum (GO CYBERMEDIA). CONTACT: CyberMedia, Santa Monica Jeffrey Beaumont, 310/581-4700 |
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