CarbonMedia Receives Capital Infusion to Expand Innovative E-business Technology Capabilities.
NEW YORK--(BUSINESS WIRE)--March 15, 2000
- Marubeni America Corp. and European Investors Form Strategic
Partnership with CarbonMedia to Launch International
E-Business-to-Business and Business-to-Consumer
Solutions Based on a New Business Model -
CarbonMedia (www.carbonmedia.com) today announced the closing of its first round of financing from Marubeni America Corp. and a group of European investors.
CarbonMedia provides full e-business solutions integrating software and hardware for mid-sized to large companies, and will use the proceeds from the financing to develop new, efficient and scalable business solutions for the web.
CarbonMedia is a four-year old end-to-end web solutions development company with a well-established international background helping companies facilitate global and local e-business. CarbonMedia's clients have included Time Warner, AT&T, the International Advertising Association, France Telecom and the French Mint. CarbonMedia's early success in the European online market is illustrated through its leadership in creating a new breed of economic development web sites for European Governments, including six top economic development agencies in Europe. An announcement will be made shortly regarding a new CarbonMedia product for all e-business clients - an e-business solution that offers portable, modular, and scalable services.
Marubeni America Corp., a U.S. wholly-owned subsidiary of Marubeni Corporation (Tokyo Stock Exchange: 8002), is increasing its stake in digital commerce business through their strategic partnership with CarbonMedia. Robert Babcock, Vice President of Marubeni America Corp. Investments states, "Marubeni has significant investments in telecommunications bandwidth assets (i.e., sub-sea fiber optic cables and Japanese broadband assets). The products that CarbonMedia offers fit well with what we hope to accomplish in the telecommunications and information technologies fields."
Frederic V. Farcy, CEO of CarbonMedia said, "We enable the growth of our clients through our innovative technology and our insight into the e-commerce market. In addition to our present services, CarbonMedia will offer its e-business clients a totally unique, highly portable, modular, and scalable e-commerce solution that we will be announcing within a month."
CarbonMedia provides international end-to-end e-business solutions. The New York-based technology and marketing agency created a new business model that allows business-to-business and business-to-consumer clients to take advantage of marketing, design, technology and global commerce expertise under one roof. Clients include Time Warner, AT&T, a branch of the French government, France Telecom, The French Mint, the International Advertising Association, Bocado, SydandSam, and Archipelago in London. In 1999, Deloitte & Touche ranked CarbonMedia Number 18 in their "Fast 50", one of the fastest growing technology companies in the New York Region.
Marubeni Corporation was established in 1858 and is one of Japan's leading sogo shosha or general trading companies. Marubeni's operations encompass domestic, import, export, and offshore trade and investment activities and range from the development of natural resources to the retail marketing of finished products. The company's total trading volume was $98.8 billion in its fiscal year ending March 31, 1999. Marubeni has 8,700 employees and approximately 160 offices and 500 subsidiaries in 80 countries.
Marubeni America (www.marubeni-usa.com) is headquartered in New York City, with 14 other U.S. locations and 70 subsidiary and affiliated companies. Marubeni America is actively seeking to expand its investments in the telecommunications and information technology sectors, especially in companies that can synergistically add value to its existing investments.