Cycore, the Leader in Interactive 3D For eBusiness, Receives $10 Million of Investment Capital; Funding Contributes to International Expansion and 3D Graphics Software Development.Business Editors & High Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--April 25, 2000 Cycore, the leader in interactive 3D software for e-business, announced today that it has received investment capital totaling $10 million to fund its international expansion plans and augment the development and marketing of its industry-leading Cult3D(R) and Cult Effects(TM) product lines. Half of the $10 million in funding comes from Cycore's existing shareholders, with the remaining $5 million contributed by three additional investors: 25% from ABN AMRO of Amsterdam, the Netherlands; 15% from Banco Teknik Banco Fonder of Stockholm, Sweden; and 10% from the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. of 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 , USA. "Cycore brings a compelling and interactive 3D solution to e-business that enhances product visualization in e-commerce, customer service and business presentations. We also have an impressive suite of special effects filters for the film and video industry," said Bengt Starke, 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 Cycore. "We'll use this new funding to build our sales presence in North America, Scandinavia, the United Kingdom, and Germany, and to further develop our software to keep us at the forefront of the technology curve," he added. Cycore will also use the funding to pursue joint product development, bundling and marketing relationships with complementary hardware and software suppliers. The company's Cult3D software is already compatible with Adobe Acrobat(R) and Microsoft Office(R), thus enabling users to view interactive 3D images in mainstream desktop applications. Cycore has hardware relationships with Intel and Nvidia as well as marketing relationships with Discreet and 3D.com. The company's products are actively used on such popular Web sites as Palm, Nokia, CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. , and Boeing. Johan Bjurstrom, Managing Director of ABN AMRO Capital Investments in Stockholm, comments that Cycore's success with corporate customers is a positive sign. "The Cycore offering is perfectly suited to the investment profile that we are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. : a company that has a commercial product with a proven track record," he said. "We are excited by the opportunities that Cycore has already created in the US market, as well as its partnerships with key hardware and software vendors and suppliers. We believe in the company's potential to expand its presence in North America and achieve equal success in other regions," he added. About Cycore Cycore, founded in Sweden in 1996, is the leader in interactive 3D graphics software for e-business. Cycore Cult3D(R), the fastest software rendering engine in the world, is a 3D product visualization application used on Websites and in Microsoft Office(R) documents and Adobe(R) Acrobat(R) files. Cycore also produces Cult Effects(TM), a set of powerful special effects filters for the film and video post-production industries. Companies using Cycore products include Palm, Sharp, Nokia, Casio, Bosch, LEGO, CNN, the Canadian Broadcasting Corporation “Radio-Canada” redirects here. For the French language TV arm of the CBC, see Télévision de Radio-Canada. The Canadian Broadcasting Corporation (CBC), a Canadian crown corporation, is the country’s national public radio and television broadcaster. , Warner Brothers, Boeing, ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s , Toyota, G.WagenUSA, AutoByTel, and Volvo. Cycore and its products have won several industry awards including the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. European Information Society Technologies (IST) Prize, as well as IT Challenger of the Year in 1999. The company maintains global headquarters in Uppsala, Sweden, with U.S. headquarters in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. , and Canadian headquarters in Toronto, Ontario. An additional facility has been established in London, United Kingdom. More information on Cycore can be found on the company's Website at www.cycore.com. Cult3D is a registered trademark, and Cult Effects is a trademark, of Cycore. All other trademarks or registered trademarks are the property of their respective owners. |
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