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VentureWire Alert <http://alert.venturewire.com<; For Jeffrey Dasovich, Enron
VENTURE MARKET SUMMARY Proficient Networks emerged from stealth mode led by a team of executives looking to regain the winning touch. Proficient's four founders worked together at Digital Island and then moved to Telegis Networks, which got hit hard by the collapsing Web-hosting market and went out of business earlier this year. At Proficient, the team has built a network management appliance that enables companies to route network traffic based on their access policies. The company secured $6 million in Series A funding from Canaan Partners and El Dorado Ventures in May and is looking to raise $10 million to $20 million in Series B next year. Three mergers also topped the news as Netegrity bought DataChannel in a $54 million deal. Online newspaper classifieds firms, PowerAdz and AdOne, also linked up as did Intelliseek and PlanetFeedback.com. As the week grinds to a close, 12 companies reported raising $48 million. Proving that beauty to investors is skin deep, Switch Biotech, a developer of medications for dermatological conditions, scratched out EUR 18 million ($16 million) in its third round. And VentureWire has learned that Kyma Technologies, which develops nitride substrates for use in optoelectronics, communications, and microelectronics industries, raised $2.6 million in its Series A, led by a consortium of past individual investors. - By John Fuller <mailto:fuller@technologicp.com< The complete text of the stories below, as well as 15 additional venture-capital and private-company stories, are available today exclusively to subscribers to our new, premium service, VentureWire Professional. Find out more. <http://professional.venturewire.com/m2_professional.asp< EXECUTIVE SUMMIT The Fairmont San Jose, CA November 6, 2001 Executive Summit <http://events.venturewire.com/summit/<;Guy Kawasaki Chief Executive Officer Garage Technology Ventures Guy is master of the brash and provocative business motto, and famous for memorable advice about starting companies and keeping them alive, often with unorthodox and unexpected tactics. An author and high-profile columnist, he is CEO of Garage Technology Ventures, formerly Garage.com, a venture capital investment bank that since 1999 has raised over $310 million in equity financing for its client companies in 79 transactions. Guy has written seven books, including 'Rules for Revolutionaries'. And on November 6, at the Fairmont in San Jose he will be sharing his insight on what start-ups need to do to grow in 2002. Register today for one of the remaining places. <http://events.venturewire.com/summitEvent.asp<; your account <http://alert.venturewire.com/account.asp<; * Change your e-mail address * Thoughts, suggestions, commentary * Cancel your account * This newsletter was mailed to you at: jdasovic@ENRON.COM contact * Send news items to: editor@venturewire.com <mailto:editor@venturewire.com< * Send questions, complaints, or service queries to: help@venturewire.com <mailto:help@venturewire.com< * Send advertising inquiries to: advertise@venturewire.com <mailto:advertise@venturewire.com< How to Get Ready Today to Get Bought Tomorrow Mergers and acquisitions will pick up again, perhaps before IPOs do, and few know more about preparing for such an exit strategy than Matt L'Heureux, Steve Smith, and Les Vadasz. Currently advising HP on its $21 billion takeover of Compaq, Matt heads Goldman's worldwide technology M&A. Steve built Broadview's Silicon Valley business. Les, head of Intel Capital, runs one of the world's most extensive corporate development and acquisition programs. You'd be hard- pressed to find professionals better qualified to tell you how to find the right corporate partner and make the relationship work. For straight talk from the voices of authority, register today. VentureWire Executive Summit Managing the Downturn: Survival Strategies for 2002 The Fairmont, San Jose November 6, 2001 http://events.venturewire.com/summit/default.asp <http://venturewire.com/ads/ad.asp?id=1453<; advertise <http://alert.venturewire.com/adv.asp<; tell a friend <http://venturewire.gazooba.com/cid1201/tellafriend.html<; VENTUREWIRE INDEX <http://venturewire.com/index.asp<; VentureWire Index <http://venturewire.com/index.asp<; 493.6 -0.30% NOTABLE DEALS Digital Island Veterans Launch Proficient Networks mail <http://alert.venturewire.com/o_mailer.asp?sid=IHJPOPJNII< SAN FRANCISCO -- Proficient Networks, a provider of network management appliances that enable companies to route network traffic based on their access policies, has launched and expects to ship its first product by the end of the year, CEO Allan Leiwand told VentureWire. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.proficient.net<; Netegrity to Acquire DataChannel in $54 Million Deal mail <http://alert.venturewire.com/o_mailer.asp?sid=LHNKONJNII< WALTHAM, MASS. -- Netegrity, a publicly traded provider of applications for securely managing e-business relationships, said it signed an agreement to acquire Bellevue, Wash.-based DataChannel, a privately held provider of enterprise portal technology in a deal worth about $54 million. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.datachannel.com<; <http://www.netegrity.com<; Switch Biotech Gets $16 Million in Round Three mail <http://alert.venturewire.com/o_mailer.asp?sid=QNMKJQINII< MARTINSRIED, GERMANY -- Switch Biotech, a developer of medications for dermatological conditions, said it received EUR 18 million ($16 million) in third-round funding. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.switch-biotech.com< Telcordia Spinout Telelogue Raising $10 Million Series B mail <http://alert.venturewire.com/o_mailer.asp?sid=NOLOKHINII< ISELIN, N.J. -- Telelogue, a spinout from Telcordia Technologies that offers software applications to enable telephone users to search databases and directories, has begun raising its Series B round, according to chief operating officer Robert Burke. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.telelogue.com<; Nitride Substrates Firm Kyma Raises $2.6M First Round mail <http://alert.venturewire.com/o_mailer.asp?sid=MJJLJLHNII< RESEARCH TRIANGLE, N.C. -- Kyma Technologies, which develops and supplies nitride substrates for use in optoelectronics, communications, and microelectronics industries, has raised $2.6 million in its Series A, according to president and CEO Ed Pupa. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.kymatech.com<; Infrastructure Software Firm Systinet Launches With $2.3M mail <http://alert.venturewire.com/o_mailer.asp?sid=NIJOKMJNII< CAMBRIDGE, MASS. -- Systinet, a provider of Web services infrastructure software, has announced its launch with $2.3 million in seed round financing. The company also said it changed its name from Idoox to Systinet. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.systinet.com<; Sales Automation App Firm Selltis Lands $3M in Second Round mail <http://alert.venturewire.com/o_mailer.asp?sid=NOOKOIINII< NEW ORLEANS -- Selltis, a provider of industrial sales automation software, said it raised $3 million in its second round of funding. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.selltis.com<; GiftCertificates.com Gets $4.4M More in Fifth Round mail <http://alert.venturewire.com/o_mailer.asp?sid=NKPHHLJNII< SEATTLE -- GiftCertificates.com, a provider of gift certificates and related services for corporate customers and consumers, said it has raised $4.4 million in a second close of a fifth round of funding for the company, bringing the round to a close with $18.6 million in equity and $7.5 million in credit. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.giftcertificates.com<; Unlocking the Promise of Good Science: The Investor's Perspective Good science doesn't always equate with good investment opportunity. Generations of investors have been burned and rewarded for taking risks on the potential of early- stage therapies. The drug discovery process is a complex combination of tests and hurdles for young companies. Where are the signposts for investors? James Reddoch of Banc of America Securities will moderate a special roundtable dedicated to drug research and discovery at this year's Healthcare Outlook Conference. The experience of the panelists reflects the complex considerations of modern research and development. Mr. Reddoch is joined by Michael Grey of Structural Genomix, Daniel Janney of Alta Partners, Gary Zweiger of Agilent Technologies and Lowell Harmison, Former Deputy Assistant Secretary for Health, Department of Health and Human Services. Healthcare Outlook, January 22, 2002 San Francisco Airport Marriott, Burlingame, CA http://www.healthcareoutlook.com <http://venturewire.com/ads/ad.asp?id=1454<; Document Management Firm Flywheel Communications Shuts Down mail <http://alert.venturewire.com/o_mailer.asp?sid=LLOIQQINII< SAN FRANCISCO -- Flywheel Communications, a provider of document management software, has shut down, a company spokesperson said. [more.. <http://professional.venturewire.com/prostory.asp<;] <http://www.flywheel.com<; Pervasive Computing Outlook As we enter the era of digital anything, companies are vying to capitalize on the market growth created by increasingly portable and ubiquitous computing power. The uneven economy has not deterred the focus on new technologies, or the related products and services that are quickly emerging. Atheros, Embrace, Phototablet, and XDegrees are just a handful of the companies that will share their plans to use real-time, wireless communication to create more intelligent, connected business opportunities. Meet the companies, investors, and executives best positioned to spearhead the pervasive vision. Register now and SAVE $300. Pervasive Computing Outlook December 4 & 5, 2001 San Francisco Airport Marriott http://www.pervasivecomputingoutlook.com/register.asp <http://venturewire.com/ads/ad.asp?id=1455<; To cancel, change, or update your subscription: <http://alert.venturewire.com/account.asp<;
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