VentureWire, Wednesday, August 30, 2000 ,
 ======================================================
        VENTUREWIRE --- Wednesday, August 30, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Multimedia Platform BigBand Raises $30 Million First Round
o Dell Computer To Provide Services to VC Portfolio Companies
o BCE Emergis to Acquire InvoiceLink For $94 Million
o DataChannel Names Former Cisco Systems CTO to Board
o Pond Venture Partners Closes $78 Million Pond Ventures II
o HalfthePlanet.com Appoints ABC Internet Executive as CEO

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Also in This Issue:

     New Money:
o Online Syndicator eSubstance Secures $11 Million Round One
o B2B Services Firm Plan4Demand Raises $3.5 Million Round One
o Consulting Firm InterNeed Gets $1 Million in First Round
o Health Care Job Network MedCareers Raises $2.5 Million Seed
o Network Storage Firm YottaYotta Raises $17 Million Round Two
o Diamond Increases Stake in British Incubator, Brainspark
o E-Comm Services Firm Ejasent Gets $25.9 Million Series B
o Hosted App Firm Atomz.com Closes $15 Million Round Two
o Namezero Gets $25 Million Round Three from Unnamed Investor
o Online Payment Service X.com Raises $30 Million Series D
o Project Outsourcer Ants.com Raises $3.6 Million Series B
o Audio Tech Firm Sseyo Raises $3 Million in Round Two
o Korean Digital Content Provider SBSi Scores Funding
o Online Auto PartsZone Launches, Gets Second Round Funding
o Utility Industry ASP Utilconnect Raises $6.5 Million
o Yodlee To Announce Second Institutional Round
o E-Commerce Firm BuildPoint Raises Series C Funding
o Investor Groups Take Stakes in Imperial Technology
o Qala Gets Investment From Creative Tech., Walden, And Vertex
o TIS Worldwide Gets $12.5 Million Investment From Silverline
o Two Accelerators Takes Stake in Enabled Markets
o Wildblue Takes Stake in Wireless Firm U S Monolithics
o Lab Technology Firm Micronics Raises $5 Million Series E

     New Products:
o Cambridge Incubator Launches Wireless Firm North Station
o Brand-Name Discount Service Employeesavings.com Now Xylo

     New Deals:
o Tradiant and Andersen Consulting Form Strategic Alliance

     M&A:
o Recommendation Technology Firm Dynaptics Acquires Ultimode
o BigEye.com Acquires Media Watchdog NewsWatch.org
o Online Record Firm Garageband.com Acquires Getsigned.com
o FutureVest To Acquire Lease2save.com For $40 Million

     New Directors:
o Staffing Exchange BridgePath Names New Board Member
o PointBase Names Sun Software Engineer to Board of Directors
o UpdateThis.com Elects Lehman Brothers' Applegate to Board

     New People:
o InCert Software Appoints New President and CEO
o Web Graphics Software Maker Electrifier Hires New CEO
o CalendarCentral Names New President and CEO
o Former Prodigy Head Joins Gilat-To-Home as President
o Smart Warrior Names President and Chief Executive

     VW Corrections:
o ccRewards
o Encanto Networks
o American Lawyer Media

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======= Top Stories =======

o Multimedia Platform BigBand Raises $30 Million First Round

SAN MATEO, Calif. -- BigBand Networks, which develops
technology to deliver entertainment-quality content
and services over multiple broadband networks, said
it launched with a $30 million first round of investment.
The round included both Series A and Series B preferred
stock investment. Redpoint Ventures led the round
with more than $17 million. Broadband Ventures Group,
Cedar Fund, and Evergreen Investments also funded
the round. Geoff Yang of Redpoint Ventures, David
Fellows of Broadband Venture Partners, Gal Israley
of Cedar Fund, and Eduardo Shoval, CEO of LaserComm,
sit on the board of directors, which also includes
president Amir Bassan-Eskenazi. The company will
use the funding for further product development.
BigBand Networks enables service providers to deliver
video, voice and data over cable, DSL, satellite,
and wireless networks.
http://www.bigbandnet.com/
_____________________________________________

o Dell Computer To Provide Services to VC Portfolio Companies

ROUND ROCK, Texas -- Dell Computer said it launched
VC Direct, a program that will provide technology
and consulting services to the portfolio companies
of participating venture capital firms. Initial
participants are Dell's venture unit, Austin Ventures,
and Kleiner Perkins Caufield & Byers. Services provided
by the new program include equipment leasing, hosting
provider access, discounted pricing on Dell hardware
and services, and customer service.
http://www.dell.com/
_____________________________________________

o BCE Emergis to Acquire InvoiceLink For $94 Million

TORONTO -- BCE Emergis, a publicly traded company
that provides B2B services for the online health
and finance sectors, said it entered into a definitive
agreement to acquire InvoiceLink, a technology company
providing Web-based invoicing and payment services
for business-to-business applications. BCE Emergis
will exchange $88.3 million in stock and assume
$5.3 million in debt. At the time the deal is closed,
BCE Emergis will issue shares and options representing
50% of the purchase price, while the balance of
the purchase price will be paid in three share installments.
InvoiceLink will remain based in Greensboro, N.C.
led by president Alan Neely. Investors for InvoiceLink
include Intersouth Partners.
http://www.emergis.com/
http://www.invoicelink.com/
_____________________________________________

o DataChannel Names Former Cisco Systems CTO to Board

Bellevue, WA -- DataChannel, which offers XML-based
enterprise information portal services, said it
appointed Edward R. Kozel to its board of directors.
Mr. Kozel is a managing partner of Open Range Ventures.
He also served previously as chief technology officer
and senior vice president of business development
at Cisco Systems. There are now eight members on
DataChannel's board. Investors for the company include
Bain Capital Group, IBM, Trans Cosmos USA, Weiss
Peck & Greer, U.S. Venture Partners, Van Wagoner
Capital Management, and XML Fund.
http://www.datachannel.com/
_____________________________________________

o Pond Venture Partners Closes $78 Million Pond Ventures II

SAN JOSE, Calif. -- Pond Venture Partners said it
held the final closing of its new Pond Ventures
II fund for $78 million. The firm said the oversubscribed
fund would be used to invest in approximately 10
European technology companies specializing in bandwidth
migration enabling technology. The fund will typically
make first-round investments of approximately $5
million, with money held aside for follow-on investments
in later rounds. Pond Venture Partners' portfolio
companies include Microcosm Communications, SealedMedia,
Gecko Software, and Yac.
http://www.pondventures.com/
_____________________________________________

o HalfthePlanet.com Appoints ABC Internet Executive as CEO

NEW YORK -- HalfthePlanet.com, an online resource
for disabled persons and those who care for them,
said it appointed Patricia E. Vance to the positions
of president and CEO. Ms. Vance was formerly the
senior vice president of ABC Internet Group. HalfthePlanet.com
is backed by Flatiron Partners, Chase Capital, Richland
Ventures, and New York City Investment Fund.
http://www.halftheplanet.com/

======= New Money =======

o Online Syndicator eSubstance Secures $11 Million Round One

LONDON -- eSubstance, an online syndicator specializing
in adapting book content, said it has raised $11
million in its first round of funding led by 3i,
a European venture capital firm. The round also
included Vignette and Vesta Capital Partners. eSubstance
acts as an intermediary between publishers and online
companies by repackaging branded content from books
for use on high-profile Web sites. Content will
be acquired and processed by eSubstance, and distributed
to Web sites using a software provided by Vignette,
an e-business application software provider.
http://www.esubstance.com/
_____________________________________________

o B2B Services Firm Plan4Demand Raises $3.5 Million Round One

PITTSBURGH -- Plan4Demand Solutions, a provider
of services that help manufacturers  manage their
customer, distributor, supplier, and contractor
relationships in real-time, said it secured $3.5
million in its first round of funding. Draper Triangle
Ventures led the round, with participation from
is Mellon Ventures and Stonewood Capital Management.
Plan4Demand is led by founder and CEO Lisa Kustra,
former founder and CEO of eJiva.
http://www.plan4demand.com/
_____________________________________________

o Consulting Firm InterNeed Gets $1 Million in First Round

HOUSTON -- InterNeed, a provider of business development
consulting services and sales, staffing, lead generation,
and marketing support, secured $1 million in its
first round of financing from individual investors.
The financing will go towards company growth and
expansion, including opening a fourth district office
in Austin, Texas.
http://www.interneed.com/
_____________________________________________

o Healthcare Job Network MedCareers Raises $2.5 Million Seed

ATLANTA -- MedCareers, a healthcare career network,
said it raised $2.5 million from U.S. Schroder Ventures
and Cedar Equities in its seed round of funding.
The company is also funded by individual investors
and Healtheon/WebMD. The company said the funds
will be used for its day-to-day operations, expansion
of its e-commerce section, and for staffing its
technology and business development teams. MedCareers
manages and markets a Web site devoted to providing
career and staffing options for healthcare professionals.
http://www.medcareers.com/
_____________________________________________

o Network Storage Firm YottaYotta Raises $17 Million Round Two

MONTREAL -- YottaYotta, which develops networked
storage architecture for wide and local area networks
and telecommunications carriers, said it secured
$17 million in its second round of funding led by
Davenport Capital Ventures of Boston. The round
also included Optical Capital Group of Columbia,
Grosvenor Venture Partners III, Morgan Keegan, and
TechnoCap of Montreal, a first round investor. Individual
investors also participated in the investment round.
YottaYotta, which has raised $24 million to date,
said it will use the funds for marketing and staffing.
http://www.yottayotta.com/
_____________________________________________

o Diamond Increases Stake in British Incubator, Brainspark

LONDON -- Brainspark, which incubates technology
startups, said it formed a strategic partnership
with previous investor Diamond Technology Partners,
an Internet business services firm. As part of the
deal, Diamond Technology Partners can expand its
stake in Brainspark by another 3%. Further details
of the investment were not disclosed.
http://www.brainspark.com/
_____________________________________________

o E-Comm Services Firm Ejasent Gets $25.9 Million Series B

MOUNTAIN VIEW, Calif. -- Ejasent, a provider of
e-commerce infrastructure services, said it closed
$25.9 million in its Series B round of funding.
Investors in this round included Crescendo Ventures,
Red Rock Ventures, Crystal Internet Ventures, and
Technology Crossover Ventures. The company said
the funds will be used for continued project development.
http://www.ejasent.com/
_____________________________________________

o Hosted App Firm Atomz.com Closes $15 Million Round Two

SAN FRANCISCO -- Atomz.com, a developer of hosted
applications for building Web sites, said it raised
$15 million in its second round of funding led by
New Enterprise Associates. Previous investors Sofinnova
Ventures (U.S.),Soffinnova Ventures (France), as
well as law firms Wilson Sonsini Goodrich & Rosati
and Fenwick & West also participated in this round
of funding. Atomz.com said it will use the funds
to accelerate international growth, product development,
and marketing.
http://www.atomz.com/
_____________________________________________

o Namezero Gets $25 Million Round Three from Unnamed Investor

SILICON VALLEY, Calif. -- Namezero.com, a provider
of free domain names and domain name POP e-mail,
said it raised a $25 million third round from one
unnamed corporate investor. The company will use
the funding for product enhancement and new product
and service development and for business expansion.
Namezero.com is also backed by Arcadian Venture
Partners, Walden VC, and Whitman Capital. Namezero.com's
technology allows users to customize their Internet
use and its services include domain hosting. The
round brings the company's total funding to $32
million.
http://www.namezero.com/
_____________________________________________

o Online Payment Service X.com Raises $30 Million Series D

PALO ALTO, Calif. -- X.com, an online payment service,
said it raised $30 million in its Series D round
of funding. Credit Agricole led this round of funding,
which the company said will be used to provide its
payment service in the European Union, Japan, South
America, and other regions. The company has raised
a total of $156 million in funds. The company said
there will be no change to its board of directors
following this round. Previous investors in X.com
include Madison Dearborn Partners, Hikari Tsushin,
TAMC, Qualcomm, J.P. Morgan, Digital Century Capital,
Sequoia Capital, Deutsche Bank, Goldman Sachs, and
idealab! Capital Partners.
http://www.x.com/
_____________________________________________

o Project Outsourcer Ants.com Raises $3.6 Million Series B

SANTA BARBARA, Calif. -- Ants.com, a marketplace
for outsourcing project work, said it raised a $3.6
million Series B round of funding. Previous investor
Bertelsmann Ventures led the round, which also included
investments from new investors Millennium Hanson
and CommerceNet. Ants.com said the funds will be
used for product development, ongoing operations,
and  marketing. Previous funding in Ants.com came
from individual investors.
http://www.ants.com/
_____________________________________________

o Audio Tech Firm Sseyo Raises $3 Million in Round Two

MAIDENHEAD, U.K. -- Sseyo, a developer of scalable
interactive audio technology for convergent technologies,
said it secured approximately $3 million in its
second round. Investors include antfactory and Invisible
Hand. The funding will be used to consolidate and
further develop Sseyo Koan as an interactive audio
platform for internet applications. Sseyo's strategic
partners include Netscape, Freeserve, and Tao Group.
http://www.sseyo.com/
_____________________________________________

o Korean Digital Content Provider SBSi Scores Funding

SEOUL, Korea -- ARIA Investment Partners, a fund
managed by CLSA Private Equity Management, said
it made its first investment in SBSi, a provider
of digital content. The amount was not disclosed.
SBSi is a majority owned subsidiary of SBS, a privately
owned broadcasting station in Korea. Other co-investors
included Samsung Life Insurance and Shinhan Bank.
http://www.sbs.co.kr/
_____________________________________________

o Online Auto PartsZone Launches, Gets Second Round Funding

EVANSTON, Ill. -- PartZone, an online marketplace
for recycled auto parts, announced itself. The company
also said it has secured an undisclosed amount of
funding in its second round of funding led by SilverYoung
Partners. The round also included ForeFront Capital.
In addition to providing Web access, PartZone offers
a call center where customers can order parts and
receive assistance.
http://www.partzone.com/
_____________________________________________

o Utility Industry ASP Utilconnect Raises $6.5 Million

ATLANTA -- Utilconnect, an enterprise application
service provider that provides customer relationship
management services for the deregulating utility
industry, said it received a $6.5 million investment
from LiveOak Equity Partners, Nth Power Technologies,
and Intelligent Systems. The funding will be used
for continued product enhancement, marketing, data
center expansion, expansion of sales, and development
of product delivery and infrastructure.
http://www.utilconnect.com/
_____________________________________________

o Yodlee To Announce Second Institutional Round

SUNNYVALE, Calif. -- Yodlee, which provides a free,
Web-based service that enables users to manage and
gain access to personal account information, said
it raised a second institutional round of funding
that it will announce later in September. The company
did not specify the amount of the latest round raised,
but said it was larger than its first institutional
round of $17 million that it raised last year. Yodlee
is backed by Accel Partners and Sequoia Capital.
http://www.yodlee.com/
_____________________________________________

o E-Commerce Firm BuildPoint Raises Series C Funding

REDWOOD CITY, Calif. -- BuildPoint, an e-commerce
company for the construction industry, said it has
secured an undisclosed equity investment from the
RMC Group, a supplier of materials and services
to the construction industry. The investment marks
the initial closing of the company's Series C funding.
BuildPoint is backed by Chase Capital Partners,
SAP Ventures, Techfund Capital, Thomas Weisel Partners,
and Vortex Partners.
http://www.buildpoint.com/
_____________________________________________

o Investor Groups Take Stakes in Imperial Technology

EL SEGUNDO, Calif. -- Imperial Technology, a manufacturer
of solid state disk and intelligent cache storage
devices, said it has sold a significant ownership
stake to a group of investors led by Celerity Partners,
GMS Capital Partners, and Post Advisory Group. The
company would not disclose financial details of
the deal. The company said it will use the funds
to expand its market position in high performance
data storage.
http://www.imperialtech.com/
_____________________________________________

o Qala Gets Investment From Creative Tech., Walden, And Vertex

SINGAPORE -- Qala, which provides broadband communications
services to residential and business customers in
Asia, said it secured a "major" round of equity
investment from Creative Technology, Walden International,
and Vertex Management. The exact amount was not
disclosed. Qala has offices here, in Hong Kong,
and in Australia. Telephone 852-2166-8020.
_____________________________________________

o TIS Worldwide Gets $12.5 Million Investment From Silverline

NEW YORK -- Silverline Technologies, a global software
services company, said it will invest $12.5 million
in TIS Worldwide, an online business integrator
that specializes in delivering Internet-based sales
and customer service applications. The investment
is part of a strategic agreement that will enable
Silverline to become TIS's exclusive provider of
software services and products in India. Silverline
will join Goldman Sachs as an outside member of
TIS's board of directors.
http://www.tisworldwide.com/
http://www.silverline.com/
_____________________________________________

o Two Accelerators Takes Stake in Enabled Markets

CLIFTON PARK, N.Y. -- Enabled Markets, which provides
an online resource management and scheduling utility
that integrates with wireless devices, said Blue
Slate Solutions and Acuitive have taken undisclosed
equity stakes in the company. As part of the agreement,
Blue Stake will provide strategic, marketing, and
development services and Acuitive will work with
Enabled Markets to manage product development and
deployment. Enabled Markets is also backed by individual
investors.
http://www.enabledmarkets.com/
_____________________________________________

o Wildblue Takes Stake in Wireless Firm U S Monolithics

DENVER -- WildBlue, a developer of broadband services
via satellite, said it has taken an undisclosed
"significant" stake in U S Monolithics, a designer
of satellite and terrestrial wireless transceivers.
The agreement gives WildBlue representation on U
S Monolithics' board of directors. The companies
say the deal will facilitate WildBlue's planned
delivery of two-way wireless broadband Internet
services. WildBlue's investors include EchoStar,
which provided $50 million in the company's last
funding round,  Kleiner Perkins Caufield & Byers,
Liberty Media, TV Guide, and TRW.
http://www.wildblue.com/
http://www.usmonolithics.com/
_____________________________________________

o Lab Technology Firm Micronics Raises $5 Million Series E

REDMOND, Wash. -- Micronics, a developer of microfluidics-based
services used in clinical laboratory diagnostics
and chemical analysis, said it raised $5 million
in its Series E round of funding. MEMS Technology
led this round, which included new investors MTI,
River Cities Capital Fund, Osage Technologies, Elf
Stone and SunRise Capital. Previous investors Washington
Research Foundation and Senmed Medical Ventures
also participated in this round. The company said
the funds will be used for product development,
business development, and intellectual property
initiatives. The company said they will be naming
additional board members later. The company has
raised a total of $15 million.
http://www.micronics.net/

======= New Products =======

o Cambridge Incubator Launches Wireless Firm North Station

CAMBRIDGE, Mass. -- Cambridge Incubator said it
launched North Station, a provider of services to
the wireless technology industry. The company was
founded by Navid Razavi, a former vice president
of engineering with RealNames. The company plans
to use its Cambridge funding to hire new staff.
North Station provides data management and other
services to mobile portal and other wireless services.
North Station is a part of Cambridge Incubators'
Green Line Initiative, a program for early-stage
entrepreneurs to assess the viability of their companies.
http://www.cambridgeincubator.com/
_____________________________________________

o Brand-Name Discount Service Employeesavings.com Now Xylo

BELLEVUE, Wash. -- Employeesavings.com, a company
that helps corporations attract and retain employees
by enabling their employees to save on brand-name
products and services, said it changed its name
to Xylo. The company says the name change reflects
its expanded product and service offerings. Xylo
has raised $35 million in two rounds and is backed
by Benchmark Capital, Crosslink Capital, and Goldman
Sachs.
http://www.xylo.com/

======= New Deals =======

o Tradiant and Andersen Consulting Form Strategic Alliance

SAN FRANCISCO -- Tradiant, a provider of e-commerce
information platforms for the global transportation
industry, and Andersen Consulting said they formed
a deal to provide e-commerce services to the international
shipping industry. The goal of the alliance is to
offer a Web-based service that enables carriers,
shippers, and forwarders to automate and integrate
their booking and documentation processes. As part
of the alliance, Andersen will take an equity position
in Tradiant and become the company's preferred integration
supplier in addition to receiving fees for its consulting
services. Tradiant is backed by ABN AMRO Private
Equity, Warburg Pincus, and individual investors.
http://www.ac.com/
http://www.tradiant.com/

======= M&A =======

o Recommendation Technology Firm Dynaptics Acquires Ultimode

CUPERTINO, Calif. -- Dynaptics, whose technology
enables online merchants, auctions, and business-to-business
exchanges to respond to the behavior patterns of
visitors with personalized recommendations, said
it is acquiring Ultimode, a software company that
specializes in developing intelligent adaptive technologies
for the Internet. The terms of the acquisition were
not disclosed. Ultimode co-founders Wray Buntine
and Jonathan Oliver have joined Dynaptics to lead
the advanced development group and the professional
services group, respectively. Dynaptics has received
financing from Band of Angels, Broadview, Goldman
Sachs, and Panasonic Ventures.
http://www.ultimode.com/
http://www.dynaptics.com/
_____________________________________________

o BigEye.com Acquires Media Watchdog NewsWatch.org

SARASOTA, Fla. -- BigEye.com, an Internet publisher
and gateway to selected sites, said it will acquire
media watchdog NewsWatch.org for an undisclosed
amount. Under the terms of the agreement, Trevor
Butterworth will remain NewsWatch.org's editor.
Newswatch.org was individually funded until it was
acquired by the Center for Media and Public Affairs,
a non-profit organization. Individual investors
back BigEye.com.
http://www.bigeye.com/
http://www.newswatch.org/
_____________________________________________

o Online Record Firm Garageband.com Acquires Getsigned.com

SAN FRANCISCO -- Garageband.com, an online record
company, said it has acquired Getsigned.com, an
Ohio-based Web site dedicated to finding and helping
emerging talent. The terms of the acquisition were
not disclosed. Getsigned.com founder Shawn Fields
will join Garageband.com as director of artists'
content and be responsible for expanding the editorial
content. Garageband.com has secured funding from
New Enterprise Associates; Dan Lynch, founder of
Interop and co-founder of cybercash; Bill Melton,
original investor and board member in America Online;
and Dave Pool, founder of Sprynet and an original
investor in Infospace.
http://www.getsigned.com/
http://www.garageband.com/
_____________________________________________

o FutureVest To Acquire Lease2save.com For $40 Million

FORT LAUDERDALE, Fla. -- FutureVest, an online finance
company, said it signed a letter of intent to acquire
online equipment leasing company, Lease2save.com,
for $40 million. The acquired company will operate
as a wholly owned subsidiary of FutureVest and will
relocate to the Los Angeles and Fort Lauderdale
offices of FutureVest. FutureVest is backed by Web
Capital Ventures.
http://www.lease2you.com/
http://www.futurevest.com/

======= New Directors =======

o Staffing Exchange BridgePath Names New Board Member

SAN FRANCISCO -- BridgePath, which provides an exchange
for staffing firms to collaborate and place job
candidates, said it named Barr Dolan to its board
of directors. Mr. Dolan is on several boards of
directors, including Heska, Metabolex, and Terastor.
Investors for BridgePath include BCI Partners, Charter
Ventures, WR Hambrecht + Co., and individuals
http://www.bridgepath.com/
_____________________________________________

o PointBase Names Sun Software Engineer to Board of Directors

MOUNTAIN VIEW, Calif. -- PointBase, a provider of
Java technology-based data management and synchronization
products for servers, desktops, laptops, and mobile/wireless
devices, said it named Rick Cattell to its board
of directors. Mr. Cattell is an engineer for the
Software Systems Group of Sun Microsystems. PointBase
is backed by Aspen Ventures, AVI Capital, DataMirror,
JK&B Capital, and Soros Group.
http://www.pointbase.com/
_____________________________________________

o UpdateThis.com Elects Lehman Brothers' Applegate to Board

NEW YORK -- UpdateThis.com, a provider of Internet
software for businesses designed to simplify content
management, said it has appointed Jeffrey Applegate,
chief investment strategist for Lehman Brothers,
to its board of directors. There are now five members
on UpdateThis.com's board. Investors in UpdateThis.com
include Hudson Ventures, Lakota Investment Group
founder Carl Wolf, Mary Beazley of USA.net, and
several investors from Salomon Smith Barney.
http://www.updatethis.com/

======= New People =======

o InCert Software Appoints New President and CEO

CAMBRIDGE, Mass. -- InCert Software, which provides
services that maximize availability of IT system
applications for online businesses, said it appointed
Michael L. Torto as president and CEO. Mr. Torto
will replace Alain Hanover, who will remain on InCert's
board of directors. Mr. Torto was previously the
CEO of Swan International, a subisdiary of Swan
SA Group. Investors for InCert include Bessemer
Venture Partners, Commonwealth Capital, Fidelity
Ventures, Ascent Venture Partners, and the Still
River Fund.
http://www.incert.com/
_____________________________________________

o Web Graphics Software Maker Electrifier Hires New CEO

RESEARCH TRIANGLE PARK, N.C. -- Electrifier, a maker
of software for enhancing Web pages and marketing
materials, said it has hired Brad Winney as its
new CEO. Prior to joining Electrifier, Mr. Winney
was a senior vices president of business development
at Personify, and Internet data mining and marketing
consulting company. Electrifier is backed by individual
investors including Gene Gabbard, CEO of Telecom*USA;
Robert Genieser, vice president of investments at
Hambrecht & Quist; Anthony Harrington, senior partner
at Hogan & Hartson and co-founder of Telecom*USA;
and Sig Mosley and John P. Imlay of Imlay Investments.
Tristate Investment Group also backs the company.
http://www.electrifier.com/
_____________________________________________

o CalendarCentral Names New President and CEO

RESEARCH TRIANGLE PARK, N.C. -- CalendarCentral,
which uses filtering technology to provide event
information based on the user's point of view, said
it appointed Dennis Phillips to the newly created
position of CEO and president. Mr. Phillips most
recently served as the chief financial officer for
Ganymede Software. Founder Flint O'Brien will be
assume the role of chief technology officer. CalendarCentral
is backed by individual investors.
http://www.calendarcentral.com/
_____________________________________________

o Former Prodigy Head Joins Gilat-To-Home as President

MCLEAN, Va. -- Gilat-To-Home (GTH), which provides
consumer focused two-way satellite broadband Internet
service, said it has appointed David Trachtenberg
as president and chief marketing officer to oversee
the day-to-day operations of sales, marketing, product
marketing, business development and content. Mr.
Trachtenberg, who will work with co-chairman and
CEO Zur Feldman, was most recently the president
and chief operating officer at Prodigy Communications.
Gilat Satellite Networks, Microsoft, EchoStar Communications
and ING Furman Selz Investments back Gilat-To-Home.
http://www.gilat2home.com/
_____________________________________________

o Smart Warrior Names President and Chief Executive

MANCHESTER, N.H. -- Smart Warrior, a provider of
Internet business and marketing strategy services,
said it named Brian Brady its president and chief
executive. Mr. Brady was most recently alliance
marketing manager for InteQ. Smart Warrior is backed
by private individual investors.
http://www.smartwarrior.com/

======= VW Corrections =======

o ccRewards

NEW YORK -- A story in Monday's VentureWire, about
ccRewards' $5.5 million Series B funding round,
incorrectly stated that six anonymous investors
will join the company's board of directors. None
of the investors will take a seat on ccReward's
board.
_____________________________________________

o Encanto Networks

NEW YORK -- An article in yesterday's VentureWire
about Kevin Vitale appointment as chief executive
officer misspelled the company's name. It is Encanto
Networks, not Encato.
_____________________________________________

o American Lawyer Media

NEW YORK -- An item in yesterday's Venture Wire
about American Lawyer Media acquiring equity stakes
in three companies incorrectly stated that Law.com
is a backer of the firm. American Lawyer Media and
Law.com are both primarily backed by U.S. Equity
Partners, a Wasserstein Perella investment fund.


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