New Alloy Receives $3 Million in Venture Capital.BURLINGAME, Calif.--(BUSINESS WIRE)--Oct. 9, 1997--Transpac Capital and Technology Development Fund have led an investment of $3.12 million in venture funds in New Alloy (http://www.newalloy.com), a developer of a patent-pending client/server technology for creating, distributing and customizing hybrid media applications. Hybrid media applications bridge the gulf between the multimedia and online worlds, and enable authors to separate content from structure. New Alloy's technology, LiveCD(TM), adds powerful content management capabilities to these hybrid applications, including real-time push, personalization Custom tailoring information to the individual. On the Web, personalization means returning a page that has been customized for the user, taking into consideration that person's habits and preferences. and communications features. LiveCD broadens the business bandwidth of developers, enabling a new class of live applications for digital direct marketing, distance learning, and multimedia publishing. "New Alloy with its LiveCD solution is a stand-out from the recent hybrid media noise. Multimedia publishers in a variety of market segments stand to greatly benefit from this breakthrough technology now available," said Gene Flath, chairman of the board of directors of New Alloy. Flath, an early New Alloy investor, was one of Intel's earliest employees, later becoming president of Intel Japan. "Investors are excited about applications being deployed by customers like 2-Way Media with its successful LaunchCD title and Mitsui, with Curio cu·ri·o n. pl. cu·ri·os A curious or unusual object of art or piece of bric-a-brac. [Short for curiosity. City, Japan's popular cybermall product," he continued. Transpac Capital is one of the oldest, largest and most prominent private equity investment firms in Asia. It was the first to establish a fully integrated investment operation spanning the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . Transpac manages aggregate capital in eleven funds and special investment programs including Transpac Industrial Holdings Limited. It has invested in about 140 companies in Asia and 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. . Technology Development Fund (TDF (language) TDF - An intermediate language, a close relative of ANDF. A TDF program is an ASCII stream describing an abstract syntax tree. TDF became part of TenDRA in abut 2001. ) is a $35 million fund supported by the government of Singapore The Government of Singapore is formed by the political party which gains a simple majority in the general elections held in Singapore at least once every five years. It is part of Singapore's political system and supported by the Singapore Civil Service. . With over half of its investment in the United States and Europe, TDF invests in early stage technology start-ups in wide-ranging business sectors from information technology, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , electronics, engineering to life sciences and medical devices. New Alloy is a start-up company start-up company A new business. , headquartered in Burlingame, Calif., founded in 1996 to develop LiveCD for providing powerful content management capabilities to hybrid media applications. New Alloy is located at 111 Anza Blvd., Suite 115, Burlingame, Calif. Telephone is 650/685-5300, fax is 650/685-5308 and Internet: http://www.newalloy.com . CONTACT: Pacifico Marilyn Nix, 408/293-8600 ext. 325 or New Alloy Mika Saitoh, 650/685-5301 |
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