Everypath Announces $60 Million In Investment Funding.Business Editors/Investment Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Aug. 9, 2000 Investments by Amerindo, Texas Pacific Group, Wasserstein Parella, D.B. Alex Brown Alex Brown may refer to:
Wessels, WR Hambrecht, Liberate, Comdisco, and Others Position Company for Rapid Market Expansion Everypath(TM), the largest provider of wireless content infrastructure technology today announced $60 million in Series C funding. The total raised by Everypath to date is now $76 million. Everypath mobilizes corporate enterprise and web-based business web sites and databases for interaction with any Internet appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. or wireless device (such as Palm VIIs The Palm VII product family consisted of two products, the Palm VII and the Palm VIIx Palm Pilots. These were produced by Palm, Inc., before it was split into PalmOne and PalmSource. They had antennas for wireless data communication on the Mobitex network under the now defunct Palm. , two-way pagers, "Web-ready" or "Smart" phones, Interactive television and even ordinary voice phones). Everypath was named one of the top 25 Business to Business Internet companies by Forbes Magazine in the Computer and Electronics category and was honored as "Investors' Choice" at the prestigious Technology Outlook, Technologic Partners' pervasive computing Refers to the use of computers in everyday life, including PDAs, smartphones and other mobile devices. It also refers to computers contained in commonplace objects such as cars and appliances and implies that people are unaware of their presence. conference. Everypath has more than 50 key partners and customers and has enabled wireless web site access for industry leaders like E*TRADE, PlanetRx, Paytrust, Salesforce.com and Egghead.com. Everypath has developed many significant strategic partnerships that include Internet infrastructure leaders like Sun, iPlanet, Hewlett-Packard, Ericsson, TANTAU and Engage. "These are some of the market's savviest investors and this kind of sizeable investment from them is a clear indication that we are viewed as a market leader," said Venktesh Shukla, 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 Everypath, Inc. Amerindo Investments led the financing. Additional funding has come from Ignition Corp., a prominent new wireless Internet fund started by former Microsoft executive Brad Silverberg Brad Silverberg is an entrepreneur, most noted for his work at Microsoft in 1990–1999 as Senior VP and product manager for MS-DOS, Windows, Internet Explorer, and Office. He was named PC Magazine's Person of the Year[1] in 1995 for his leadership of Windows 95. . Other investors include E*TRADE, Raza Ventures (lead by Atiq Raza, former President of AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ), Texas Pacific Group, Redwood Ventures, Robertson Stephens, D.B. Alex Brown, Dain Rauscher Wessels, WR Hambrecht, Asia Tech Management, Liberate, Comdisco and Wasserstein Parella Ventures. The Smart Way To Go Wireless Everypath has developed the smartest solution to the challenge of delivering existing web site content for mobile interaction with a host of access devices. Everypath also enables web sites to be delivered on ordinary voice telephones by voice-enabling them so that they can respond to voice commands and convert text to speech, potentially opening the market for web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. to 1.5 billion telephone users. Everypath's core technology makes it easy to translate the information from any existing web site to any current or future web-enabled device -- ordinary voice telephones, the data screens of wireless PDAs like the Palm VII, WAP-based "Web Ready" or "Smart" phones, Research In Motion 2-way pagers, and even interactive television with partner Liberate. Everypath acts as an ASP (application service provider) so customers may manage their application -- not the complex challenge of translating it to every new device that emerges. Everypath's patent-pending technology does not require changes to the web site's existing architecture or infrastructure. Everypath Competition Everypath's competitors' "solutions" range from software tool kits that require web businesses to extensively reprogram re·pro·gram tr.v. re·pro·grammed or re·pro·gramed, re·pro·gram·ming or re·pro·gram·ing, re·pro·grams To program again. re their sites and host separate versions of their web site for each device they want to support, to "dumb translation" technologies that cannot handle complex, transaction-oriented content. None provide users the flexibility found with the Everypath Intelligent Rendering(TM) solution. And unlike competing solutions, Everypath works for wireless, broadband, and voice -- so a single web site can be simultaneously translated and "broadcast" to mobile devices and voice telephones and even the user's living room. The Race to Develop the Mobile Frontier The race is on to develop the extended, mobile web -- the next untapped Internet frontier. PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). makers like Palm are developing new small devices that can access the web on the go. Wireless phone manufacturers are rushing to create cell phones with tiny web display screens. Pagers like the new Blackberry can receive stock quotes and breaking news. Wireless networks that can transmit Internet data are emerging. Software giants are racing to take the lead in the WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. (wireless application protocol) browser race. The challenge of translating web site content that was developed for the 17" color monitor See monitor. on a personal computer to the tiny black and white screens of these new devices is not trivial. Everypath is leading the way. Explosive Future Market Potential The future market for mobile web access is enormous. In addition to the 1.5 billion voice phones currently in use, 18.5 million units of Information Appliances will ship in 2001, vs. only 15.7 million PCs. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. mobile phone maker Ericsson, 400 million users of mobile phone subscribers are predicted to use these devices to access the web by 2003. The Everypath service creates a bridge between the Internet access See how to access the Internet. devices of today and the future of Internet appliances, from set top boxes and game machines to the Internet-enabled wristwatch or microwave oven. No matter what size or shape the display screen on an Internet device, or what operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. the device uses, Everypath sets a standard that will enable a single source of web content to be displayed on all devices. About Everypath, Inc. Everypath delivers the web's most popular transactional content and applications in real time to the widest array of wireless and voice devices such as Palm VIIs, two-way pagers, "Web-ready" and "Smart" phones, interactive television, and even ordinary voice telephones. The company's patent-pending technology enables customers to maintain a single infrastructure regardless of what device their end users choose to access information now -- or in the future. Any application or information that can be accessed with a PC browser can be rapidly enabled for multiple devices with unmatched security, reliability, and scalability, in a matter of weeks, not months. This includes public websites, corporate Intranets, and Enterprise applications. Privately held, Everypath has more than 50 customers and partners, including E*TRADE, Egghead, Engage, Ericsson, Hewlett-Packard, Paytrust, PlanetRx, Salesforce.com, Sun, iPlanet, Checkpoint, UpShot.com and Visto. Everypath is headquartered in Santa Clara, Calif. and employs over 160, with offices in Boston, Dallas, Detroit, San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Washington DC; Hyderabad, India; Munich, Germany; and London, U.K. For more information, please call 800/355-1068 or visit us at www.everypath.com. Note to Editors: Everypath is a trademark of Everypath, Inc. All other product, service and company names are trademarks, registered trademarks or service marks of their respective owners. |
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