Delinea Fuels Rapid Growth With $5M in Funding; Koch Ventures Backs Rapidly Growing Business-to-Business Fusion Services Company.Business Editors DALLAS--(BUSINESS WIRE)--Aug. 21, 2000 Delinea, Inc., a provider of digital services for new-economy businesses, and Koch Ventures, Inc. today announced that Delinea has secured $5 million in funding from Koch Ventures. Delinea will use the financing for the development of the company's service and technology offerings, marketing and sales. Dallas-based Delinea provides digital consulting, ASP and outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. to new economy businesses. IDC researchers have identified this combined offering as fusion services, part of the e-consulting market that will be worth $78 billion by 2003. With more than 40 years of combined energy industry experience, Delinea will initially target the energy, utilities and petroleum markets. "Delinea has one of the most accomplished and seasoned management teams I've seen for a company at this stage of development," said Steve Kromer, managing director of Internet Business Strategies for Koch Industries Koch Industries, Inc. (pronounced "koke") is a private corporation based in Wichita, Kansas. According to Forbes Magazine, it is the largest privately owned company in the world by revenue (surpassing Cargill in 2005 with the acquisition of Georgia-Pacific), with subsidiaries , Inc. "In just a few short months, Delinea has validated its approach and gained remarkable momentum in their initial target market. We're pleased to lead a round of funding that enhances their ability to build upon this success." Delinea develops innovative digital foundations for enterprises leveraging a proprietary Smart-to-Market(TM) methodology that fuses speed with pragmatic execution to help traditional and emerging companies lead in their chosen market space. "We are extremely pleased to have Koch Ventures as a strategic investor," Ron Verner, 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 Delinea. "Attracting the backing of this premier investor and established business leader further confirms Delinea's focus and approach." In addition to its investment in Delinea, Koch Ventures has led rounds of business-to-business leaders VerticalNet Inc. and Altra Energy Technologies Inc. In June, a London-based Koch affiliate announced the introduction of a sophisticated, Internet-based, online system that set a new standard for trading, communication and forward metals pricing on the Web. This revolutionary trading platform was developed for Koch Metals Trading Limited Trading limit The exchange-imposed maximum daliy price change that a futures contract or futures option contract can undergo. trading limit The number of commodity contracts that a person may trade during a single day. by Delinea. About Delinea, Inc. Delinea, Inc. provides growing, new-economy businesses complete digital services using an integrated consulting, ASP and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality model. Delinea emphasizes a focused, Smart-to-Market(TM) approach to the design, development and ongoing management of its clients' digital strategies, a process increasingly known as fusion services. Specializing in the energy sector, Delinea's broad Internet, commerce, technology and management experience enables its customers to concentrate on core operations as their digital business strategy is developed and managed through a single service company. Formed in March 2000 and headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , Delinea has 75 employees. More information about Delinea can be found at the company's Web site at www.delinea.com. About Koch Ventures, Inc. Koch Ventures, based in Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " , has invested more than $160 million in venture capital transactions since 1995. Koch Ventures sponsors entrepreneurs and finances successful companies positioned in high-growth industries. Current areas of investment focus are telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. products and services, e-commerce infrastructure products and services, specialty IT including ASP-based services, specialty finance, and environmental risk management and remediation. Koch Ventures' current investment portfolio includes Universal Access, PF.Net, VerticalNet, e-commission, Delinea, Datria, Rulebase, and Cherokee II. Koch Ventures is the venture capital investment arm of Koch Industries, Inc. Koch Industries, through its subsidiaries, employs 11,500 people worldwide and is involved in providing and trading value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. and products in the petroleum, gas, electricity, chemicals, plastics, asphalt asphalt (ăs`fôlt, –fălt), brownish-black substance used commonly in road making, roofing, and waterproofing. Chemically, it is a natural mixture of hydrocarbons. , minerals, metals, chemical and environmental technology, and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries. For more information on Koch, see www.kochventures.com or www.kochind.com on the Internet. Delinea and Smart-to-Market are trademarks of Delinea, Inc. |
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