D2K, Data Delivery Start-Up, Obtains $4.2 Million in Funding; Vertex, TFPL and STCS Back D2K's Product/Business Development Strategy.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 23, 1996--D2K, an emerging provider of software for managed information delivery solutions, today announced that it has obtained $4.2 million in its first round of financing. The funding came from several prestigious firms: Vertex Management Inc. provided $2 million, Technology Fund Private Ltd. (TFPL TFPL The Fantasy Poker League ) provided $1.75 million, and Singapore Technologies Computers Systems & Services Ltd. (STCS STCS SVM (Service Module) Thermal Control Subsystem STCS Signalling and Train Control System (railways) STCS Self-Tuning Control System STCS Senior Chief Sonar Technician (Naval Rating) ) provided funding of $450,000. Edward Young, 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 D2K D2K Defender 2000 (Atari Jaguar game) D2K Dragonz 2000 (gaming clan) , stated: "The fact that so many prestigious organizations have chosen to provide D2K with financial backing validates that we have the correct business strategy in place. D2K is committed to providing a solution to customers, beyond the scope of traditional data warehousing See data warehouse. data warehousing - data warehouse offerings, that will enable them to respond to critical factors affecting business today. With this funding, D2K will develop the infrastructure to bring the best data delivery solution to market." About The Companies That Provided Funding Vertex Management Inc. is a venture capital management company located in the Silicon Valley and is a member of Singapore Technologies. Vertex invests in promising new technology and seeks companies that provide strong ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). opportunities. Vertex has been actively investing in private U.S. companies since 1988. Technology Fund Private Ltd. is part of the National Science Technology Board in Singapore. TFPL invests in companies that are introducing new and advanced technology and have a presence in Singapore. Singapore Technologies Computers Systems & Services Ltd. is also part of Singapore Technologies. STCS provides quality solutions to meet the broader needs of today's sophisticated information technology (IT) customers. D2K's charter is to build knowledge infrastructures for just in time delivery and distribution of information solutions across global environments. D2K is located at 226 Airport Parkway, Suite 638, San Jose, Ca 95110. Telephone: 408/451-2010, fax: 408/451-2015, email: jbcecilio@d2k.com. CONTACT: D2K Julie Birney Cecilio, 408/451-2010, ext. 383 or KJ Communications Inc. Eileen Elam, 415/917-1488 |
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