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Enron Mail |
o eSpeed Fulfillment Taps Lawyer, Consultant for Board
DALLAS -- eSpeed Fulfillment, which provides services and technology to business-to-business and business-to-consumer Internet companies, said it has appointed David Bryant, partner of Hughes & Luce, a Texas technology law firm, and Robert J. Potter, president and CEO of R. J. Potter, a Dallas-based consulting firm, as the second and third members of its board. eSpeed Fulfillment closed its first round of funding in September at just under $1 million from undisclosed individual investors. eSpeed said that it will use the funds to develop logistics and order management technology. http://www.espeedfulfillment.com/ ______________________________________________________ Internet Exchange Reports Success More than 40 million barrels of crude and refined oil derivatives have been traded online on the IntercontinentalExchange (ICE) since its launch of energy trading two weeks ago, a spokeswoman said Thursday. The internet platform, located at www.intercontinentalexchange.com, has been trading in precious metals since August and began live trading of energy products Oct. 12. By the close of trade Wednesday, ICE had traded more than 40 million bbl of crude and refined derivatives, 240 million Btu of natural gas and natural gas derivatives, and 6 million megawatt hours of power, a spokeswoman said. The trades bring the total notional value for all over-the- counter products traded to date on the ICE to more than $6 billion, said Chief Executive Jeffrey Sprecher. Oil swaps traded on ICE include crude oil, fuel oil, gas oil/heating oil, jet fuel, gasoline, and naphtha. Natural gas and power products include physically delivered gas at fixed and indexed prices, natural gas basis and swing swaps, and firm power. _____________________________________________ o Software Firm CES Lands $12 Million in Second Round ATLANTA -- CES International, which makes operations management software for utility companies, received $10 million in its second round of financing from Cinergy Ventures, the venture division of utility company Cinergy, and $2 million from previous investor Wexford Capital Management. Larry Thomas, group president of new technology and energy delivery for Cinergy, will join CES's board as its sixth member. CES said it plans to use the funds to expand the company in the U.S. and abroad and for research and development. http://www.ces.com/ __________________________________________________ o eVentures India Gets $150 Million from Softbank, Epartners MUMBAI, India -- eVentures India, an investment and operating company, said it received $150 million from previous investors Softbank and epartners. eVentures India focuses on investing in and developing Internet and new media related ventures with a significant Indian component. The company said it will use the new capital to invest in four areas: Internet-based software and IT-enabled services, infrastructure, new technologies in areas like wireless and broadband, and B2B enabling services. P.K. Mittal, an Indian industrialist, is also an investor. eVentures India has committed $65 million to 14 partner companies, including NetAcross Online Solutions, Netpilgrim, and Customerasset.com. The company has offices in Mumbai and New York. http://www.eventures.co.in/ _____________________________________________ o E-commerce Firm RedSpark Gets $14 Million in First Round SAN FRANCISCO -- RedSpark, which provides applications and e-commerce services for the manufacturing industry, said it has raised $14 million in its first round of funding led by Crosspoint Venture Partners that included Impact Venture Partners. RedSpark, which was spun out of Autodesk, said it will use the funds for deployment of its services. Bob Lisbonne, general partner of Crosspoint, will join Carol Bartz, the chief executive officer of Autodesk, and RedSpark president and chief executive officer Dominic Gallello, on the company's board of directors. http://www.redspark.com/ _____________________________________________ o Logistics Technology Firm Velant Raises $7 Million Round One ATLANTA -- Velant, which develops Web-based decision making software for automating and speeding up transportation planning, said it closed its first round with $7 million from Matrix Partners and other individual investors. The company will use the funds to expand its staff and offices. http://www.velant.com/ _____________________________________________ o Network App Firm XDegrees Raises $8 Million First Round MOUNTAIN VIEW, Calif. -- XDegrees, a provider of infrastructure for network applications, announced it has launched and raised $8 million in its first round of funding from Redpoint Ventures and Cambrian Ventures. The company was founded by Michael Tanne, the chief executive officer, and Dan Teodosiu, the chief technology officer. XDegrees has built a secure scalable infrastructure services that enables enterprise and consumer application developers to build and deploy network applications. http://www.xdegrees.com/ _____________________________________________ o Broadband Developer Malibu Networks Raises $30 Million SEATTLE -- Malibu Networks, which is developing wireless broadband technologies, raised $30 million in its second round of funding, according to investors CVC Capital Partners and Second Avenue Partners. The two firms jointly contributed $10 million to the round which also included investments from ARCH Venture Partners, Polaris Venture Partners, and a consortium of existing investors. Calabasas-based Malibu Networks is developing wirelss broadband modem chips. http://www.malibunetworks.com/ _____________________________________________ o XML App Firm Bowstreet Raises $50 Million Round Four PORTSMOUTH, N.H. -- Bowstreet, an e-commerce XML infrastructure firm, said it closed its fourth round of financing with $50 million from new investors Amerindo Investment Advisors, Azure Capital, Essex Partners, and Putnam Investors and from previous investors Charles River Ventures, Matrix Partners, Integral Capital Partners, and Kleiner Perkins Caufield & Byers, among others. Bowstreet said it will use the funds to develop and research its products. There will be no board changes as a result of the round. http://www.bowstreet.com/ _____________________________________________ o Spike Broadband Systems Raises $47 Million NASHUA, N.H. -- Spike Broadband Systems, a provider of carrier-class, fixed wireless broadband access products, said it has raised $47 million from Canada-based CDP Sofinov, a subsidiary of the Caisse de depot et placement du Quebec, an investment fund manager. Other investors include CDP Capital Communications, Sandler Capital Management, Cabletron Systems, Ironside Ventures, HLM Management, US Bancorp Piper Jaffray, Dain Rauscher Venture Partners, Wheatley Partners, Rosewood Corp., Agilent Technologies, Signal Equity Partners and Commonwealth Capital Ventures. Spike said it will use the funding to meet product demand, increase its sales activities, and scale its production and distribution capacity. http://www.spikebroadband.net/ _____________________________________________ o Embedded Wireless Devices Raises $20 Million Third Round PLEASANTON, Calif. -- Embedded Wireless Devices (EWD), a developer and marketer of silicon services for wireless, audio, and Internet applications, said it received more than $20 million in third round financing from new investors H&Q/GAI and Anadigics and previous investors Trieste Investment Groups, Good Honor Holdings, Apodaca, Maton Fund II L.P., and Hotung Investment Holdings Limited. The company plans to use the capital to strengthen its engineering and marketing teams, develop new semiconductor and software products, and bring wireless multi-point services to market. The company has raised $30 million to date. http://www.embeddedwireless.net/
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