KnowNow Leads Enterprise 2.0 Momentum with $13 Million in Funding.RSS (Really Simple Syndication) A syndication format that was developed by Netscape in 1999 and became very popular for aggregating updates to blogs and the news sites. RSS has also stood for "Rich Site Summary" and "RDF Site Summary. Investors Leads with KPCB KPCB Kings Park Concert Band and Other Firms Participating SUNNYVALE, Calif. -- KnowNow Inc., the leader in enterprise-class Web 2.0 solutions, today announced it has closed $13 million in new funding led by RSS Investors, the leading investment fund specializing in RSS technologies. Also participating are new investor Presidio Ventures -- the early-stage investment vehicle of Sumitomo Corp. -- and existing investors Kleiner Perkins Caufield & Byers, Levensohn Venture Partners, and Palomar Ventures. The round was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. . Richard Fishman, managing partner of RSS Investors, will take a seat on KnowNow's board of directors. "Aside from an impressive list of enterprise clients, we were impressed by KnowNow's ability to deliver solutions that fundamentally change the way enterprises act on information," said Fishman. "KnowNow is well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the burgeoning market for enterprise-class Web 2.0 solutions." "Our investors noted the successful deployment of KnowNow solutions into Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Bank, three other major financial service institutions, four of the largest technology companies, one of the largest outsourcing companies and other Fortune 1000 companies," stated Todd Rulon-Miller, 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 KnowNow, Inc. "We are delighted to team with RSS Investors and are excited by the opportunity to enhance their portfolio in the enterprise." "KnowNow has a vision for enterprise-class Web 2.0 solutions, and it is executing to plan," said Kip Sheeline, managing director at Levensohn Venture Partners. "As one of the first investments of our newest fund, KnowNow has demonstrated exceptional growth and market momentum," stated Jim Gauer, managing director of Palomar Ventures. "Large corporations need solutions to overcome the complexity of today's information explosion. KnowNow is the clear leader in this field." "KnowNow is dominating this emerging solution space," said Kevin Compton, partner at Kleiner Perkins Caufield & Byers. "KnowNow's solutions and enterprise expertise are transforming how corporations are leveraging internal and external information assets." About KnowNow More Fortune 1000 companies entrust KnowNow to deliver enterprise-class Web 2.0 solutions that increase timely and profitable business decisions than any other vendor. By allowing users to specify the information they want delivered, when and where they want it, as it happens, KnowNow unlocks and delivers the most critical information to create unprecedented business opportunities. Headquartered in Sunnyvale, Calif., KnowNow is privately held, with backing from premier 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] including Kleiner Perkins Caufield and Byers, Levensohn Venture Partners, Palomar Ventures, Presidio Ventures and RSS Investors. KnowNow is a Microsoft Certified Partner. For more information, visit http://www.knownow.com or contact KnowNow at 1-877-561-KNOW. About Kleiner Perkins Caufield & Byers Since its founding in 1972, KPCB has backed entrepreneurs in over 475 ventures, including AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Align Technology, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC IDEC Instituto Brasileiro de Defesa do Consumidor (Portugese: Brazilian Consumer Protection Agency) IDEC Information Design & End-User Computing IDEC Interior Design Educators Council, Inc. Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic, Sun Microsystems, Symantec, VeriSign and Xilinx. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. Additional information can be found at www.kpcb.com. About Levensohn Venture Partners Levensohn Venture Partners (LVP LVP LLS (Laser Leveling System) Vertical Position LVP Left Ventricular Pressure (electrocardiograms) LVP Least Valuable player LVP Low Vapor Pressure LVP Large Volume Parenteral ) is an early stage venture capital investor. LVP focuses on building companies as they transition from research and development through initial revenues to a more complete commercial entity. The company invests in emerging leaders in the enterprise software, communications and semiconductor sectors. Founded in 1996, LVP is based in San Francisco with $164 million in two currently active venture funds. LVP has invested in companies including Atheros, BigFix, Caymas Systems, CommerceOne, Informative, KnowNow, Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. , Radiance Technologies, Rapt, Reconnex, Ubicom, and Veraz Networks. Additional information can be found at http://www.levp.com. About Palomar Ventures Palomar Ventures was launched in 1999 by veteran venture capitalists to focus on early stage information technology companies that demonstrate the potential for exceptional growth and market leadership. The founding principle of Palomar is teamwork, we work closely with our portfolio companies to assist them in achieving their objectives. The partners at Palomar have contributed their strategic insight, network of corporate relationships, and recruiting skills to assist in building nearly 50 public companies. Additional information can be found at www.palomarventures.com. About Presidio STX STX - Start Of Text , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control Presidio STX, LLC provides value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. financial and business services to our customers and partners. As a subsidiary of Sumitomo Corp., one of the world's leading integrated trading and investment firms, Presidio STX acts as the early stage IT investment vehicle for Sumitomo Corp. and its affiliates, and serves as a bridge for trade between the United States and Asia. Additional information can be found at http://www.presidiostx.com. About RSS Investors RSS Investors is the first investment fund specializing in companies based on the Really Simple Syndication (RSS) family of standards and services. The fund, created by Jim Moore, John Palfrey, Richard Fishman, Steve Smith and Tom Crowley (representing Ritchie Capital Management), is focused on supporting and nurturing Web 2.0 technologies and leaders who are championing RSS-related services. KnowNow and the KnowNow logo are registered trademarks of KnowNow, Inc. Enterprise Syndication Solution, ESS, and KnowNow eLerts are trademarks of KnowNow, Inc. All other company and product names mentioned are the trademarks or registered trademarks of their respective owners. |
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