Industry to Industry Closes New Funding From Swiss Investors; Peter Friedli, CEO of Friedli Corporate Finance, to Join Board of Directors.Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 13, 2000 Boston-based Industry to Industry, Inc., a global provider of e-marketplace services specializing in dynamic pricing technology, announced that leading Swiss investment companies, Bank J. Vontobel AG and Friedli Corporate Finance, led the company's recent USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $16 million round of financing. The new funding will be utilized to further build the company's international technology and sales infrastructure. "During a period of financial uncertainty in the B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business dot-com world, we have been able to demonstrate great value for our investors and continue to secure new rounds of financing - at an increased valuation," said Michael W.G. Fix, 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. of Industry to Industry. "The follow-on investment from Friedli Corporate Finance and new funding from Bank J. Vontobel represents a solid vote of confidence in the future of Industry to Industry." Friedli Corporate Finance is a private investment company based in Zurich, Switzerland. Bank J. Vontobel AG is a part of the Vontobel Holding AG, a leading Swiss financial group focused on asset management in the Swiss private banking tradition. Peter Friedli to Join Board of Directors Additionally, Industry to Industry announced that Peter Friedli, principal of Friedli Corporate Finance, has been elected to serve on the Board of Directors for the company. Peter Friedli has been the principal of Friedli Corporate Finance since its inception in 1986. He has over a decade of entrepreneurial experience as an independent investment manager for venture capital and has been instrumental in successfully setting-up and supporting the growth of numerous high-tech companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . He is President and Investment Manager of New Venturetec, one of Europe's first publicly traded venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: . New Venturetec invests in well-selected US companies in the areas of Biotechnology, Communications, Technology and the Internet. "The addition of Peter Friedli to our Board of Directors provides Industry to Industry with additional seasoned experience in developing young, rapidly growing companies," said Fix. About Industry to Industry Industry to Industry is a marketplace service provider (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) specializing in rapidly deployed dynamic trading technology and related e-services - delivered through a unique managed solution approach. The company ensures fast time to market and dramatic cost savings by providing quick, efficient and reliable outsourced marketplace implementation and management. Industry to Industry also enables inter market connectivity, offering the ultimate promise of liquidity on a global scale. At the core of the MSP offering is Industry to Industry's dynamic pricing application (auction, reverse auction and negotiated exchange). It is an open, scalable Java-based platform capable of seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. with existing enterprise business systems, e-services and other B2B exchanges. The company brings complete marketplace solutions to its customers through strategic partnerships with collaborative commerce leaders such as SAPMarkets as well as service partner relationships with companies such as ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) and SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions . |
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