Messaging and Portal Infrastructure Companies, Chek.com and MyPersonal.com, Complete Merger.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Feb. 5, 2001 The New Company Receives $10 Million to Market Personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. Messaging and Information Portal Platform Chek.com Inc., a messaging infrastructure provider, and MyPersonal.com Inc., a portal infrastructure provider, finalized an agreement to combine operations under one company. The new company enables clients to efficiently manage and deploy their own messaging system Software that provides an electronic mail delivery system. It is made up of the following functional components, which may be packaged together or independently. Mail User Agent integrated with the portal features of their choice. A $10 million investment to support the growth of the new company was led by Walden International Investment Group and Crystal Internet Venture Funds ("CIVF"). "The ability to personalize our integrated platform enables us to offer clients a feature set unparalleled by our competitors," said George Chamoun, co-founder of Chek. "Together, the technologies deliver a complete suite of Web infrastructure services that clients can quickly deploy in a cost-effective manner to address their specific messaging and communication issues," said Joseph Tzeng of Crystal Internet Venture Funds. "The combined infrastructures and expanded executive team are prepared to meet the ever-changing needs of the marketplace," said Andrew Kau of Walden International. To date, the two companies have successfully helped clients support and market their brand online, with highly personalized messaging and portal products. More than 375 organizations have chosen to implement the platforms of Chek and MyPersonal. Together they power a network of more than 7 million users, growing at a pace of 15,000 new registered users a day. President & 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. and the new company name will be announced shortly. All founders will remain as key executives for the new company. The company has offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Buffalo and South Korea. The company combination and market focus will result in immediate overhead reduction. About Walden International Walden International is a leading U.S.-based global venture capital firm, providing early stage technology companies with the advantage of an unrivaled global network since 1987. The firm's international 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: comprise more than US$1 billion in committed capital. Walden International's globally organized network of multi-cultural investment professionals spans 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. , Taiwan, Singapore, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Malaysia, China, the Philippines, India and Japan. For more information please visit www.waldenintl.com. About Crystal Internet Venture Funds Crystal Internet Venture Funds, LP ("CIVF") is a $250M+ family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". with offices in Ohio, California, Singapore, and Taiwan. Since its inception in January of 1997, CIVF has been dedicated to continuing the Internet revolution by investing solely in Internet and Internet-related companies in the areas of infrastructure and communications, enabling software and hardware, and vertical applications and content. Among CIVF's portfolio are BabyCenter, About.com, Cobalt Networks Cobalt Networks was a maker of low-cost servers based on Linux. Founded in 1996 in Mountain View, California under the name Cobalt Microserver, the company pioneered easy to use server appliances featuring secure web user interfaces for Internet service providers (ISPs) , Magnifi, Open Solutions, MiFund, Reversi Networks, and Sina.com. |
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