Deliverex, Inc. Changes Name to 3Path, Inc., Moves to Silicon Alley.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 1, 2000 The Internet Priority Channel service startup Deliverex, Inc. officially announced that it has changed its name to 3Path, Inc. and has moved its corporate headquarters to New York's "Silicon Alley An area in New York that has become known for its companies devoted to multimedia and the Internet. It is located in Manhattan's "Soho" district, which does not stand for Small Office Home Office, rather it is SOuth of HOuston Street. ," effective immediately. The 3Path service will address the needs of the burgeoning market for priority delivery of business and consumer content over the Internet. In moving to offices in Wall Street, 3Path leaves its "incubator" at the Fort Lee, New Jersey Fort Lee is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 35,461. Fort Lee was formed by an Act of the New Jersey Legislature on March 29, 1904, from the remaining portions of Ridgefield Township. offices of The BRM BRM biologic response modifier. BRM Biological response modifier, see there Group, a leading Israeli investment firm in intranet infrastructure. The new 3Path name evokes more clearly the benefit to its customers -- in addition to email and a web site, publishers of mission-critical documents and priority-rich content have a "third path" to their most important customers, partners and friends. Debuting in fourth quarter 2000, the company's flagship 3Path service will provide a "priority channel" for business users to exchange information with their important customers and business associates. 3Path combines permission-based rules with multiple levels of priority, allowing business users to "publish" important documents and rich content directly to their customer's desktop in a branded folder. 3Path folders automatically organize user documents and messages for greater speed and productivity and provide a valuable marketing presence on the desktop. "3Path is a great resource for business users trying to get transactions completed all in a convenient, familiar space on their hard drive accessed through special 3Path Folders. For example, account managers can use the service when they need to get sign-offs on a proposal while management consultants can use the service to deliver documents and presentations to clients," said Brian Smiga, president and chief executive officer. Smiga added that the 3Path service leverages BackWeb's Polite(TM) push technology, which facilitates the download of large files in uneven bandwidth environments without disrupting other running applications or monopolizing system resources (1) In a computer system, system resources are the components that provide its inherent capabilities and contribute to its overall performance. System memory, cache memory, hard disk space, IRQs and DMA channels are examples. 3Path is focusing on the business market initially, yet Smiga sees that 3Path applies equally well to rich media exchange among consumers (MP3, digital photos, video, etc.). About 3Path www.3Path.com 3Path was founded in 1999 by the BRM The founders envisioned a priority, permission-based, straightforward, and fully outsourced peer-to-peer content delivery service for all digital content. This service, aimed at individuals and businesses, would enable time-sensitive exchange of information resulting in cycle time reduction. Global trends, such as larger digital content (presentations, graphics, video, photography, music), uneven bandwidth availability, security needs, and pervasive communications, indicate a large market opportunity for the 3Path service. About The BRM Group www.brm.com The BRM Group invests in seed and expansion or growth stage Israeli Internet infrastructure companies and technologies. Operating from Jerusalem and Fort Lee, NJ, BRM helps entrepreneurs achieve market 'escape velocity' by providing technical, operational, business, and financial support. This has been leveraged to build superior Internet companies such as Check Point Software Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHKP CHKP Check Point Software Technologies Ltd. (stock abbreviation, AMEX) ), BackWeb Technologies (NASDAQ:BWEB BWEB Broadcast Web BWEB Bacula Web Interface ), IPHighway, Whale Communications, PeopleLink, PC Data, Brio Technologies Brio Technology was a San Francisco Bay area software company cofounded in 1984 by Yorgen Edholm and Katherine Glassey. It made money early on by doing contract work for Metaphor Corporation and performing contract programming. (NASDAQ:BRYO BRYO Brisbane Regional Youth Orchestra (Brisbane, Australia) BRYO Brunswick Maine Youth Orchestra (now Maine Youth Orchestra) ) and others. BRM Seed, a $100 million program, invests in start-ups in the idea or early stage. BRM also plans to establish BRM Capital, headquartered in the US, which will invest in companies that have started to generate revenue, proven their business concept and technology, and require expansion or mezzanine capital Mezzanine capital (or mezzanine debt) is a broad financial term that refers to unsecured, high-yield, subordinated debt or preferred stock that represents a claim on a company's assets that is senior only to that of a company's shareholders. . |
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