Quidnunc Secures $14.5 Million in Second Round of Venture Capital Funding.Business Editors LONDON, NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 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 , AUSTIN, Texas--(BUSINESS WIRE)-- Dec. 7, 2000 Barclays Ventures Leads Weston Presidio Capital, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Private Equity Partners, and Pi Capital to Back International Digital Business Consultancy Quidnunc quid·nunc n. A nosy person; a busybody. [Latin quid nunc?, what now? : quid, what; see kwo- in Indo-European roots + nunc, now; see , the international digital business consultancy, announces today that it has successfully completed a second round of venture capital funding, raising $14.5 million. Barclays Ventures, the in-house venture capital arm at Barclays, leads the consortium of investors composed of Weston Presidio Capital, Goldman Sachs Private Equity Partners and Pi Capital. "Securing this kind of investment in the current climate illustrates our growing stature within the industry," commented Bob Burke, 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 Quidnunc. "The support of such high-profile investment organizations attests to our sound business approach and strong client services." The new funding will help Quidnunc develop its international infrastructure and meet growing demand for its digital services and solutions. Quidnunc will be able to continue to sustain its commercial growth, extend its portfolio of services, and 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>. new business opportunities with large corporate clients. Since completing its first venture capital funding round of $15 million over a year ago, Quidnunc has doubled its revenue run rate, opened the San Francisco office and expanded its senior management team to include recently appointed CEO Bob Burke and Director of Strategy Peter Williamson Business ventures During these legal actions, Peter had also been busy in other areas. He had a lively and ingenious mind, and 'aided by the knowledge m He became proprietor ofm a famous tavern in Edinburgh's Old Parliament Close and, as a result of his earlier adventures, the . "The eBusiness consulting sector may not be flavor of the month flavor of the month n. Something currently popular; a trend or fashion. fla  vor-of-the-month , but Quidnunc has all the qualities we look for in a Company: a high quality management team, strong strategic alliances, a solid proposition and an international blue chip customer base," says Anji Gopal, Barclays Ventures. "We have been impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: by their international reach and strong track record in delivering high quality technology-based solutions in this fast-moving sector." About Quidnunc Quidnunc is an international digital business consultancy combining expertise in four key disciplines - digital strategy, creative design, technology implementation and program management. Drawing on 12 years of experience, Quidnunc offers a delivery framework and a portfolio of techniques that help clients create and plan their digital business strategy in 4-10 weeks, and implement the e-business in multiple phases of 3-6 months each. Techniques such as Scenario Modeling(TM), a customer-centric digital model that maps user requirements to the business objectives, capture extensive experience in working with highly complex technologies. Quidnunc has provided digital solutions to a broad range of global 2000 enterprises and selected start-ups. Quidnunc serves its clients from offices in New York, San Francisco, Austin and London. For more information visit www.quidnunc.com. Barclays Ventures Barclays Ventures is the division of the bank that provides equity capital to growing businesses from its four offices across the UK: in Birmingham, Manchester, Leeds and London. It is able to provide between (pound)250,000 and (pound)3 million in any one transaction. Barclays Ventures' specialist technology team pursues investment opportunities in market leading technology companies. The team's focus is on established companies with strong management teams and technology related propositions, which are at the cutting edge of the market. In the six months since its formation Barclays Ventures' specialist technology team has also invested in real-time alerting company RealCall; an online ticketing and leisure booking service ts.com and IGLU the market leading ski accommodation website. NetStore Group, an Application Service Provider is also a Barclays Ventures investment, which was made in 1998 and floated in April with a valuation circa circa prep. Abbr. ca In approximately; about. (pound)130 million. |
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