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Follow the Money.


Follow the Money
A ROUNDUP OF RECENT LOCAL FUNDINGS
Recipient                              Web         Amount
Address                              Address    (in millions)
City/Zip
Addition Systems                  addition.net       WND
2221 Park Place
El Segundo 90245
iBlast                             iblast.com       $10.2
100 N. Crescent Drive, 2nd Floor
Beverly Hills 90210
Recipient                         Type of Funding  Closing
Address                                Round        Date
City/Zip
Addition Systems                    acquisition    June 20
2221 Park Place                         NA
El Segundo 90245
iBlast                                venture      June 6
100 N. Crescent Drive, 2nd Floor       third
Beverly Hills 90210
Recipient                          Anticipated Use
Address
City/Zip
Addition Systems                  Loudeye Technologi
2221 Park Place
El Segundo 90245
iBlast                             working capital
100 N. Crescent Drive, 2nd Floor
Beverly Hills 90210
Recipient                                   Funding Source(s)
Address
City/Zip
Addition Systems                          Seattle-based Loudeye
2221 Park Place                        Technologies Inc. acquired
El Segundo 90245                            Addition Systems
iBlast                            Gannett, Cox Broadcasting, Washington
100 N. Crescent Drive, 2nd Floor   Post Co., Media General, EMMIS Com-
Beverly Hills 90210               munications, Smith Broadcasting Group
Recipient                               Recipient's
Address                                     Core
City/Zip                                  Business
Addition Systems                  developer of server-side
2221 Park Place                   streaming ad and content
El Segundo 90245                    insertion solutions
iBlast                                wireless digital
100 N. Crescent Drive, 2nd Floor    distribution network
Beverly Hills 90210
WND - Would not disclose
Source: Business Journal Research
COPYRIGHT 2001 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Los Angeles Business Journal
Article Type:Brief Article
Date:Jun 25, 2001
Words:199
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