Electric Classifieds Secures $7.5 Million in Second Round Funding from Venture and Corporate Investors.SAN FRANCISCO--(BUSINESS WIRE)--March 27, 1996--Electric Classifieds, Inc. (ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute ), the innovator of services and tools that enable interactive online classified advertising, today announced it has received $7.5 million in its second round of venture and corporate funding. This round of funding included investments from 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] Canaan Partners; Weiss, Peck & Greer; and Charter Venture Capital. Also investing are SOFTBANK Holdings, SOFTVEN, the venture capital arm of SOFTBANK, and Rosewood Stone group. Founded in 1993, Electric Classifieds' mission is to be the leading provider of services and technology that allow classified advertisement publishers to realize the full potential of the online market. Said Jim Bidzos, president of RSA (1) (Rural Service Area) See MSA. (2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key. Data Security and early investor in ECI, "Electric Classifieds has a great concept, great technology and a business model that uniquely qualifies it to be the technology partner to companies that want to deliver online classified advertising services. ECI's technology makes online classifieds very attractive to consumers by combining ads with decision support information in an exciting and useful multimedia format." Ron Fisher Ronald D. Fisher is the current Managing Director of Raytheon Australia and Vice-President of Raytheon International Inc[1] and responsible for the executive management of Raytheon operations in Australia and New Zealand. , vice chairman of SOFTBANK Holding said, "We have made this investment in ECI because we believe they have the right vision and an excellent value proposition for delivering compelling classified advertising services to online publishers, service providers, and online communities. SOFTBANK, as an infrastructure provider, views the market segment of online classifieds as an extremely attractive growth opportunity and strategic to SOFTBANK's online initiatives." "The caliber of investors in this round is further endorsement of Electric Classifieds' vision, technology and business strategy and model. Furthermore, the complementary nature of our businesses with SOFTBANK Holdings companies, including Ziff Davis Ziff Davis Inc. (ZD) is an American magazine publisher and Internet Information company. It was founded in 1927 in Chicago by William B. Ziff, Sr. and Bernard G. Davis. Throughout most of its history, it was a publisher of hobbyist magazines, often ones devoted to expensive, , will provide significant opportunities to share technology and market expertise," said Jordan Graham, 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. . "This new funding will accelerate the delivery of a broader range of Internet services and permit Electric Classifieds to extend its reach internationally." Electric Classifieds' board of directors includes Ed Bennett, chief executive of Prodigy; Ron Posner, chairman of StarPress Multimedia and longtime software industry veteran; Barry Schiffman, general partner, Weiss, Peck & Greer; Mitch Ratcliffe Mitch Ratcliffe is an American technology journalist, media consultant and blogger based in suburban Tacoma, Washington. He has written for such publications as Forbes, Fortune, PC Week (now eWeek), MacWEEK, ZD Net, PC World, and , director of business development of SOFTBANK Expos; Deepak Kamra, general partner, Canaan Partners; Gary Kremen, ECI executive vice president and founder; and Jordan Graham, president and chief executive officer. About Electric Classifieds Electric Classifieds, Inc., headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , is the leading supplier of technology and services that enable online publishers, service providers, and online communities to deliver custom-branded, network-based classified advertising services. ECI also owns and operates Match.Com, the premier matchmaking Matchmaking Matricide (See MURDER.) Kecal marriage broker whose plans are foiled by a pair of lovers. [Czech Opera: Smetana The Bartered Bride in Osborne Opera, 32] Levi, Dolly service on the Internet. ECI has established business relationships with many partners including GNN GNN - Global Network Navigator (a unit of America Online), NetNoir and ParentSoup (part of iVillage) to deliver co-branded access to Match.Com. On the World Wide Web: ECI: http://www.eci.net/info/index.html Match.Com: http://www.match.com CONTACT: Electric Classifieds, Inc. Jean Pineda, 415/284-5300 jean@eci.net or Windham/Lang Group Erica Zeidenberg, 415/563-4545 ericaz@ix.netcom.com |
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