VENTUREWIRE --- Thursday, September 14, 2000

Private Company Business News-
Published Daily by Technologic Partners
http://technologicpartners.com

Top Stories: o Inktomi To Buy Webcast Firm FastForward for $1.3 Billion o Bertelsmann Announces $1 Billion New Venture Capital Fund o Algorithmics Closes $60 Million Round Two, Buys Sentry o Artisan Entertainment Launches $50 Million Venture Unit o Credit Security Firm Privista Has $17 Million First Round o Technologic Names Investors' Choice at Internet Outlook

From the most trusted source of business information. . . . . a two-day executive briefing on technology and the corporate future, The Wall Street Journal Technology Summit. To keep abreast of fast-moving Internet economy you rely on Walter Mossberg, Kara Swisher, and dozens of other WSJ columnists, editors, and reporters. And that same level of skill and insight will help you sort fact from fiction at our annual technology conference next month. From privacy and piracy to mobile commerce, and the Web after Napster, the summit will keep you smart about the issues that make a business difference. For the complete program and the latest additions to the long list of speakers, visit: Register at http://info.wsj.com/techsummit/ The Wall Street Journal Technology Summit. A guide to the unknown from a name you know well.

Also in This Issue: New Money: o $6.7 Million Round One for Broadband Service Firm Optranet o $2 Million Seed Funding Launches Broadband Application Firm o Academic Quiz Site Crania Mania Raises $1 Million Series A o Motorola Invests in Security Firm SecureOps' First Round o Financial Services Firm Pax Secures $67.5 Million From MDP o Portal Software Provider OnePage Gets $12.5 Million Series B o Allrecipes.com Cooks Up Second Round for $6.5 Million o Andersen Consulting Invests in Wireless Enabler Everypath o Epoch Gets $27 Million From Williams Communications o FoodMarketplace Raises $6.1 Million in Round Two from HP o MontaVista Software Receives Equity Investment From Intel o Net Service Management Tech Firm Circadence Gets $51 Million o Web Vault Developer b4bpartner Raises $1.8 Million Series B o E-Commerce Developer Raises $12 Million In Series B Funding o E-Commerce Software Developer Lost Wax Raises $3.5 Million o Expense Reporting Web Software Firm Replicon Gets $2 Million o Healthcare IT Firm iMedica Secures $12 Million Third Round o Linux Network Technology Firm Linbox Raises $2.1 Million o MTI Invests in Network Software Management Tool Developer o Trading Platform i2i Secures $16 Million in Series C Funding o U.K. Incubator Brainspark Bets $1.2 Million on Two Ventures o B2B Grain Marketplace CyberCrop Raises Additional Funds o eHatchery Invests in Net Security Firm Primitive Root New Products: o Wireless Tech Firm mDiversity Launches, Names New CEO o Digital TV Firm Cinema Entertainment Group Announces Itself o New Venture Group Daedalus Venture Group Launches M&A;: o 724 Solutions Buys Monitoring Tech Firm in $53 Million Deal o PCsupport Buys Computer Self-Help Directory Firm MyHelpDesk o Covad International Acquires Loop Holdings For $50 Million o Internet Telephony Provider Quicknet Acquires Equivalence New Directors: o Union Pacific's Holding Company, Fenix, Names Two to Board o HealtheCare Now Definity Health; Bain Exec, Others on Board o Storage Networking Firm Troika Networks Names Board Chair New People: o Former Budget Rental Exec Named President and CEO of eRIDE o Analytics Software Firm I-Impact Appoints New CEO o Online Marketing Firm MediaPrise Appoints CEO, COO, and CTO o Petroleum Exchange petroWEB Names New President, CEO VC Fund News: o Vestar Capital Opens First European Office in Paris

Healthcare Outlook: Where Medicine Meets the Internet Will e-health complement traditional healthcare systems or create new markets? Which models will survive? Take the first look at the companies that will redefine the way healthcare is delivered. New technologies, new ideas and future market leaders. For more information and registration, Visit: http://tpsite.com/tp/conf/ho2000/default.html

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

o Inktomi To Buy Webcast Firm FastForward for $1.3 Billion
FOSTER CITY, Calif. -- Inktomi, a publicly traded Internet infrastucture company, said it has signed an agreement to acquire San Francisco-based FastForward Networks, a developer of software for the distribution and management of live broadcasts over the Internet. Inktomi, which made a minority investment in FastForward earlier this year, will exchange approximately 11.9 million shares, valued at about $1.3 billion, for the rest of the firm. FastForward, which also had backing from Bowman Capital, America Online, Enron, Real Networks, Sun Microsystems, Accel Partners, and Andrew Ludwick, former CEO of Bay Networks, will operate as Inktomi's media division. The division will be led by FastForward co-founder, president, and CEO Abhay Parekh. All employees of FastForward Networks will join Inktomi. http://www.fastforwardnetworks.com/ http://www.inktomi.com/

o Bertelsmann Announces $1 Billion New Venture Capital Fund
HANOVER -- Bertelsmann, the global media corporation, said it is launching a new venture capital fund with capital holdings targeted at DM 2.2 billion ($1 billion). The new fund, eBertelsmann, will become the largest fund investing in media and the Internet in Europe, according to the company. The company said the fund will support Bertelsmann in developing or acquiring businesses in relevant new media and technology markets, in the development of new services for existing corporate divisions, and to bolster the existing Bertelsmann e-commerce group. Other venture activities of Bertelsmann's corporate divisions, incluing G+J Ventures, Random House Ventures, BMG Ventures, and RTL New Media, will be complemented or replaced by the new fund. The strategic aspect of the integration of funds coincides with a retooling of the company structure resulting in the concentration of new media ventures within their respective corporate divisions instead of operating separately as a multimedia wing. Venture capital activities within Bertelsmann include Bertelsmann Ventures, Venturepark Incubator, and Bertelsmann Valley. http://www.bertelsmann.com/

o Algorithmics Closes $60 Million Round Two, Buys Sentry
TORONTO -- Algorithmics, a developer of financial risk management software, said it closed a second round of funding worth $60 million. The funding was provided by American International Group, Morgan Stanley International, CIBC Capital Partners, and Royal Bank Capital Partners. The company said it will use the funds for strategic acquisitions, product development, and debt payment. Algorithmics also said it has acquired Sentry Financial Systems, a supplier of collateral management software. Terms of the transaction, which was financed through Algorithmics' second round, were not disclosed. Algorithmics previously raised $37 million from Ontario Teachers' Pension Plan Board and VenGrowth Investment Fund. http://www.sentryfin.com/ http://www.algorithmics.com/

o Artisan Entertainment Launches $50 Million Venture Unit
NEW YORK -- Artisan Entertainment, which produces films and other entertainment, said it launched a new media business unit, Artisan Digital Media, which will include iArtisan, an investment fund. iArtisan will invest up to $50 million in companies that provide tools and enabling technology for rich media content development and delivery. The new unit will lead or co-lead investments in Series A and Series B rounds in both seed and institutional rounds of funding. The new division is backed by Audax Ventures, Grove Street Advisors, and other unnamed investors. http://www.artisanent.com/

o Credit Security Firm Privista Has $17 Million First Round
ATLANTA -- Privista, creators of Web-based privacy and credit management tools, said it raised $17 million in its first round of funding led by 2M Technology Ventures. Warburg Pincus Equity Partners and Vector Development, an Internet accelerator, also participated in the round. The company said it will use the funds to hire additional staff, develop its technology, and increase sales and marketing. Warburg, Vector, and 2M Technology Ventures will each take a seat on the company's board of directors. Privista also said it appointed Eric Gertler, the co-founder of Bigvine and former president and COO of the magazines U.S. News & World Report, Fast Company, and the Atlantic Monthly, as its president and CEO. http://www.privista.com/

o Technologic Names Investors' Choice at Internet Outlook
SAN FRANCISCO -- Technologic Partners, the publisher of VentureWire, named the ten Investors' Choice winners at its Internet Outlook conference held here. The winners were picked by audience voting and a panel of investors and industry observers including Stewart Alsop, general partner at New Enterprise Associates, Alex Baluta, principal at Robertson Stephens, and Steve Jurvetson, managing director at Draper Fisher Jurvetson. The winners, in alphabetical order, are Bluelight.com, DoDots, Firedrop, Google, GuruNet, iSyndicate, Octopus, Responsys.com, Vitessa, and Vividence. http://www.technologicpartners.com/

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

o $6.7 Million Round One for Broadband Service Firm Optranet
PLEASANTON, Calif. -- Optranet, which develops access equipment designed to enable differentiated, broadband IP services, said it closed its first round of financing with $6.7 million. The round was led by Norwest Venture Partners, with participation from other investors. The funding will be used for product development and general company growth. http://www.optranet.com/

o $2 Million Seed Funding Launches Broadband Application Firm
REDWOOD CITY, Calif. -- SiteBurst, an Internet infrastructure company providing broadband applications and services, said it raised $2 million in seed funding. Investors in the round included current and former executvies from PictureTel, 2Wire, Excite@Home, Hill Holliday, Amazon, snapfish, and Macromedia. Other investors include professors from Harvard Business School. The company said it is using the funds to further develop its platform and services. SiteBurst provides technology intended to increase the capacity of narrowband sites to provide broadband applications. http://www.siteburst.com/

o Academic Quiz Site Crania Mania Raises $1 Million Series A
LOS ANGELES -- CraniaMania, an online site that offers real-time academic competitions for secondary school students, said it secured $1 million in its Series A round from individual investors Kevin Hall of Crescent Venture Investors and Norwest Venture Partners and Brian Little, a founding general partner of Forstmann Little & Company. The company said it will use the funds to expand its management team, enhance its Web site, and for a national advertising campaign. http://www.craniamania.com/

o Motorola Invests in Security Firm SecureOps' First Round
MONTREAL -- SecureOps, a network security consulting firm, said One Motorola Ventures, Motorola's strategic venture capital investment arm, invested an undisclosed amount in its first round and has taken a minority stake in the company. The company plans to use the funds for expansion and product development. SecureOps provides network security services and technology to businesses, including information system audits, network architectural analysis, and managed services. http://www.secureops.com/

o Financial Services Firm Pax Secures $67.5 Million From MDP
CHICAGO -- Madison Dearborn Partners (MDP), a private equity investment firm, said it has made an investment of $67.5 million in Pax Clearing, a full service options and stock clearing firm. Pax said it will use the investment to continue to grow its customer base, develop its technology platform, and expand its trading-related financing business. Pax provides clearance, execution and financing services to options market traders who trade in Chicago, New York, Philadelphia and San Francisco. http://www.paxclearing.com/

o Portal Software Provider OnePage Gets $12.5 Million Series B
REDWOOD CITY, Calif. -- OnePage, a provider of content aggregation and portal software, said it raised $12.5 million in a Series B financing round led by Vulcan Ventures, the investment organization of Paul G. Allen. Existing investors Texas Pacific Group, Allen & Company, Oscar Capital Management, and individual investors participated in this round as well. The company said the funds will be used to fund technology development and sales and marketing. The company also announced that Michael Agostino, of Vulcan Ventures, has joined OnePage's board. OnePage received $12.5 million in an initial round of venture funding led by Vulcan Ventures and Texas Pacific Group. The company has raised a total of $25 million in funds. http://www.onepage.com/

o Allrecipes.com Cooks Up Second Round for $6.5 Million
SEATTLE -- Allrecipes.com, a community-based recipe Web site that includes recipes, food preparation tips, and culinary ware, said it raised $6.5 million in its second round of funding. Nevis Capital Management and Sugar Mountain Capital funded the round, which included individual investors Michael Brochu, president and CEO of Primus Knowledge Solutions; Larry Murphy, former executive vice president and chief strategic officer for the Walt Disney; and board member Fred Warren, co-founder of Brentwood Associates. The company will use the funding to enhance its technology, recruit additional staff, and for partnership and sponsorship activities. Allrecipes.com said it plans to expand its staff from 50 to 65 before the beginning of next year. http://www.allrecipes.com/

o Andersen Consulting Invests in Wireless Enabler Everypath
NEW YORK -- Andersen Consulting, a global management and technology consulting firm, said its venture capital unit, AC Ventures, has made an undisclosed investment in Everypath, a provider of technology that allows businesses to translate Internet content into a form that can be accessed on wireless devices. In addition to the investment, Andersen Consulting said it will work with Everypath to market its product. Last month, Everypath raised $60 million from investors including Amerindo Investments, Asia Tech Management, Comdisco, Dain Rauscher Wessels, Deutsche Bank Alex Brown, E*Trade, Liberate, Raza Ventures, Redwood Ventures, Robertson Stephens, Sevin Rosen Funds, Texas Pacific Group, U.S. Venture Partners, Wasserstein Parella Ventures, and WR Hambrecht. http://www.everypath.com/

o Epoch Gets $27 Million From Williams Communications
COSTA MESA, Calif. -- Epoch Internet, a provider of Web hosting and e-commerce services, said it secured $27 million from Williams Communications, an international provider of telecommunications services and products for the carrier marketplace. Epoch will also purchase $128 million worth of long-haul network capacity from Williams Communications over the next 20 years as part of the deal. Epoch said it will use the investment to develop its Web-hosting services. Epoch announced on Tuesday it has partnered with IBM to provide 35 start-ups with Internet access and hosting services. Epoch has received venture backing from Prime New Ventures and undisclosed investors. http://www.epoch.net/

o FoodMarketplace Raises $6.1 Million in Round Two from HP
LOS ANGELES -- FoodMarketplace.com, a provider of Internet-based supply chain technology for the foodservice industry, said it raised $6.1 million in its second round from Hewlett-Packard. The company plans to use the funds for expansion and hiring staff. FoodMarketplace said the technology and financing will allow it expand its commercial and non-profit activities that include Resourcelink, a program that allows food manufacturers to donate excess inventory to qualified charities over the Internet. FoodMarketplace.com is the parent company of FoodSamples.com, SurplusFoods.com, and operating manager of Resourcelink.org. http://www.foodmarketplace.com/

o MontaVista Software Receives Equity Investment From Intel
SUNNYVALE, Calif. -- MontaVista Software, which develops a Linux operating system for embedded applications, said it received an equity investment from Intel Capital. The amount of the investment was undisclosed. The equity investment ensures that MontaVista will use Intel's microarchitecture technologies and microprocessors. http://www.intel.com/ http://www.mvista.com/

o Net Service Management Tech Firm Circadence Gets $51 Million
BOULDER, Colo. -- Circadence, developer of online service management technology, said it received $51 million in its series F round from new investors Hewlett-Packard, PSINet Ventures, Global Crossing, and Hikari Tshushin and previous investors Deutsche Telekom and Microsoft. The company said it plans to use the funds for product development and international expansion. http://www.circadence.com/

o Web Vault Developer b4bpartner Raises $1.8 Million Series B
CORAL GABLES, Fla. -- b4bpartner, a developer of an integrated personalized Web vault and electronic signature technology for financial service institutions, said it has received $1.8 million in its Series B funding round led by PSINet Ventures, the corporate venture unit of PSINet. The company said it also received funding from individual investors. http://www.b4bpartner.com/

o E-Commerce Developer Raises $12 Million In Series B Funding
NEW YORK -- Prefer Network, a business-to-business e-commerce facilitator, said it raised $12 million in its Series B round. The round was led by Desai Capital Management and included investments from Series A investors Prospect Street Ventures, Draper Richards, eCom Partners, and Pennell Venture Partners. New investors Stonehenge Capital, BNY Capital Markets, Foster Management, and Rick Black also contributed to the round. The company said it would use the funding to expand current operations, support increased marketing, and further deploy the company's product and transactional database capabilities. http://www.prefernetwork.com/

o E-Commerce Software Developer Lost Wax Raises $3.5 Million
LONDON -- Lost Wax, a developer of software for e-commerce applications, said it raised GBP 2.5 million ($3.5 million) from individual investors. The company said it will use the funds for expanding sales, increasing its managerial staff, and developing marketing strategies. The company has raised $7 million to date. The company said it intends to expand its staff from 80 to 120 over the next six months. http://www.lostwax.com/

o Expense Reporting Web Software Firm Replicon Gets $2 Million
CALGARY, Alberta -- Replicon, a provider of Web-based software for time and expense reporting, said it completed a $2 million private placement round led by BDC Venture Capital, which contributed $500,000. The round also included investments from other undisclosed investors. Replicon said it will use the funds to grow sales and for general expansion. http://www.replicon.com /

o Healthcare IT Firm iMedica Secures $12 Million Third Round
MOUNTAIN VIEW, Calif. -- iMedica, the creator of a wireless, pen-based electronic charting, coding and prescription product for healthcare professionals, said it has raised $12 million in its third round of funding. North American Venture Fund led the round, which included CDI Bank and China International Investment Co., China Century Venture Capital, Global Vision Venture Capital, and Quanta Venture Capital. The Biotechnology Development Fund of Palo Alto, ECICS Ventures of Singapore, and Itochu Finance Corp. of Japan also joined in the round. The company said it will use the funds to support its operations and marketing efforts. iMedica said it also plans to double its engineering, administrative and customer service personnel in the next three months. http://www.imedica.com/

o Linux Network Technology Firm Linbox Raises $2.1 Million
PARIS -- Linbox, which invented Linbox network architecture and designs Linux Network Computers, said it raised $2.1 million from institutional investors including EuropatWeb and Financiere de Brienne. The company said it will use the funds to develop its range of professional services for schools, small organizations, and corporate networks. The company's technology provides an open approach to Linux network computing based on diskless standard desktop computers and full featured servers. http://www.linbox.com/

o MTI Invests in Network Software Management Tool Developer
YORKSHIRE, U.K. -- Chevin Software Engineering, a vendor of network management software, raised $4.2 million in a recent funding round, according to investor MTI. MTI, which provides capital investments to early-stage companies, was the sole investor in the company. The company said the investment will be used for marketing. Ernie Richardson, of MTI, will join the Chevin Software Engineering board of directors as a result of the investment. http://www.chevin.com/

o Trading Platform i2i Secures $16 Million in Series C Funding
NEW YORK -- Boston-based Industry to Industry (i2i), which provides an online business-to-business trading platform, said it raised $16 million in its Series C funding. Swiss investors Bank J. Vontobel and Friedli Corporate Finance co-led the round, which included a small, unnamed institutional investor. Friedli Corporate Finance principal Peter Friedli will sit on the company's board of directors. The company will use the funding to enhance its technology and sales infrastructure. i2i is also backed by Philadelphia-based SAP. http://www.i2i.com/

o U.K. Incubator Brainspark Bets $1.2 Million on Two Ventures
LONDON -- Brainspark, which focuses on incubating new technology businesses, today said it made investment totalling more than $1.2 million. The incubator invested $560,000 in a spin-off from an undisclosed rail industry company and Diamond Technology Partners, a Brainspark partner company. The project represents the first time the company has been involved in a spin-off. The new venture will create a community for technical specialists with revenues generated from the company's marketplace activities. The second investment of $700,000 launches Que Pasa, which will develop new media ventures for the dance and club music niche market. Que Pasa said it will launch its first online venture, a dance music and culture site called Burnitblue.com, later this year. http://www.brainspark.com/

o B2B Grain Marketplace CyberCrop Raises Additional Funds
FORT COLLINS, Colo. -- CyberCrop.com, a business-to-business online marketplace for grain producers and buyers, said it raised an undisclosed amount of funding from Internet Capital Group, which also participated in the company's Series A and Series B rounds. Financial terms of the transaction were not disclosed. The company said the funds will be used to deliver its new features and to support existing features such as wireless and instant messaging for counters and contracts, FOB bids, best bid calculation, and counteroffers. CyberCrop has received funds in earlier rounds from Venture Law Group . http://www.cybercrop.com/

o eHatchery Invests in Net Security Firm Primitive Root
ATLANTA -- eHatchery, a technology incubator, said it has made an undisclosed investment in Primitive Root, an Internet security infrastructure company. The start-up will initially provide network performance optimization and Web site protection against lethal hacker attacks such as distributed denial of service. EHatchery's institutional investors include Idealab!, United Parcel Service, Donaldson Lufkin & Jenrette, and Cox Enterprises. http://www.ehatchery.com/ ======= New Products ======= o Wireless Tech Firm mDiversity Launches, Names New CEO SAN JOSE, Calif. -- mDiversity, a developer of technology to increase the capacity, coverage and data throughput of wireless networks, said it has launched. The company also named former Intel Japan president Bill Howe as chief executive officer. mDiversity's flagship product, which is currently in development, combines macrodiversity with its own patented distributed architecture and proprietary software. mDiversity has raised $11 million in venture capital funding. http://www.mdiversity.com/

o Digital TV Firm Cinema Entertainment Group Announces Itself
LOS ANGELES -- Cinema Entertainment Group (CEG), a new entertainment media company, announced itself. CEG said it plans to launch an interactive digital television channel dedicated to film sometime next year. Users of the channel will be able to access information and to shop for products and merchandise while watching a program. CEG is backed by individual investors and is in the process of raising first round funds. http://www.cinemaentertainment.com/

o New Venture Group Daedalus Venture Group Launches
BURLINGTON, Mass. -- Daedalus Venture Group, a Boston-based venture research and advisory group, announced its launch. The goal of the group, led by principals Doug Ingram and Adam Needles, is to provide its clients with tools and advice that assist them in making strategic equity placements in the communication technology industry. Backed by individual investors, Daedalus also provides subscription-based research products, as well as advisory services for specific private equity clients. http://www.daedalusgroup.com/

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

o 724 Solutions Buys Monitoring Tech Firm in $53 Million Deal
TORONTO -- 724 Solutions, an Internet infrastructure software developer, said it acquired Chicago-based Spyonit.com, a developer of Web-based monitoring and notification technology, in a deal worth approximately $53.4 million. Spyonit was acquired for $2 million in cash and 1,041,616 shares of 724 common stock. Spyonit's chief executive officer Dick Costolo will remain part of the executive staff. Spyonit is funded by undisclosed individual investors. http://www.spyonit.com/ http://www.724.com/

o PCsupport Buys Computer Self-Help Directory Firm MyHelpDesk
MOUNTAIN VIEW, Calif. -- PCsupport.com, an online technical support provider, said it has acquired MyHelpDesk.com, a provider of online computer self-help directories, for 1,500,000 shares of its common stock valued at $3 million. MyHelpDesk is funded by Corning Technology Ventures, General Investment and Development, RKB Capital, and Spark Ventures. http://www.pcsupport.com/ http://www.myhelpdesk.com/

o Covad International Acquires Loop Holdings For $50 Million
BARCELONA, Spain -- Covad Communications, a broadband service provider, said it made its first investment in Europe with the acquisition of Loop Holdings Europe, which holds shares for Loop Telecom. The acquisition which will be worth ultimately $50 million provides Covad with a 70% stake in the Spanish telecommunications firm. The acquisition was made through Covad's investment body Covad Communications International. The company said it will have three seats on the Loop board of directors following the acquisition. Covad intends to enhance the Loop management team and provide its technology to extend the Loop Telecommunications network to cover the entire Iberian peninsula. Loop offers broadband services and is backed by individual investors including Antonio Mendoza Zabala, Spanish industrialist. http://www.loop.es/ http://www.covad.com/

o Internet Telephony Provider Quicknet Acquires Equivalence
ATLANTA -- Quicknet Technologies, a provider of low-density Internet telephony products, said it purchased Australia-based Equivalence, a supplier of voice and video-over-IP software. Financial terms of the transaction were not disclosed. Equivalence is also developer of the OpenH323 Project, which aims to create the open source implementation of teleconferencing protocol. Quicknet has incorporated the OpenH323 stack into its flagship software product, the Internet SwitchBoard 4.0 and will provide commercial support for software and product developers seeking to use OpenH323 in their projects. Quicknet Technologies investors include Rare Medium Group and Psion PLC. http://www.quicknet.net/

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

o Union Pacific's Holding Company, Fenix, Names Two to Board
DALLAS -- Fenix Enterprises, a holding company formed by railroad giant Union Pacific to incubate its portfolio of technology and assets, said it has appointed Fred Vierra, former CEO of Tele-Communications International (TCI) and Terence V. Milholland, CTO of Electronic Data Systems (EDS), to its board of directors. Prior to joining TCI, Mr. Vierra was president and COO of United Artists Entertainment Co. He is now chairman of Velocom, a broadband communications company. Before Mr. Milholland joined EDS, he spent 21 years at The Boeing Company, where he held a number of executive positions. Fenix companies include Nexterna, an Omaha-based wireless data communications company; Transentric, a St. Louis-based supply chain management company; Timera, a Boulder-based time, attendance and scheduling software company; and a soon-to-be-named broadband telecommunications company. Fenix is backed Union Pacific and said it is looking for strategic funding. Telephone 404-879-9262.

o HealtheCare Now Definity Health; Bain Exec, Others on Board
MINNEAPOLIS -- HealtheCare, which enables consumers to establish a personal health care account with their employers, said it changed its name to Definity Health and named its board of directors. The name change is intended to better reflect the services and benefits offered by the company. The company's board includes Albert S. Waxman, chairman of Psilos Group Managers; Michael E. Dougherty, founder and chairman of the Dougherty Financial Group; Thomas F. Madison, MLM Partners president and CEO; Corbette S. Doyle of Aon Healthcare Alliance CEO; Philip H. Loughlin, principal of Bain Capital; Tony Miller, Definity Health's CEO; and Craig Swanson, CFO of Definity Health. The company is backed by Alta Partners, Aon, Bain Capital, Kohlberg Kravis Roberts & Co., Merrill Lynch KECALP, and Psilos Group Managers. http://www.definityhealth.com/

o Storage Networking Firm Troika Networks Names Board Chair
WESTLAKE VILLAGE, Calif. -- Troika Networks, which provides storage networking and clustering for online business applications, said it has appointed Peter D. Behrendt as chairman of its board of directors. Mr. Behrendt was most recently chairman, president and CEO of Exabyte. He joined the Troika board in January. Troika is backed by Draper Fisher Jurvetson Ventures, Dyna Funds Ventures, New Enterprise Associates, and Winward Ventures. http://www.troikanetworks.com/

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

o Former Budget Rental Exec Named President and CEO of eRIDE
SAN FRANCISCO -- eRIDE, a ground transportation company that offers wireless-enabled service for ground travel at major airports, said it has named Bill Lanier president and CEO. Mr. Lanier takes over from interim CEO Joe Meyer, a co-founder of eRIDE. Mr. Meyer will continue to lead the company's fundraising, business development, and marketing efforts in his role as chief marketing officer. Prior to joining eRIDE, Mr. Lanier served as vice president of North America operations for Budget Car and Truck Rental. He also held various management positions at the Hertz Corporation and served as a vice president at Avis Rent A Car. ERIDE completed a several million dollar Series A round in the first quarter and is raising its Series B round. Investors in eRide include Draper Richards, Asset Management Ventures, Staenberg Private Capital, Arba Seed Investment Group, and Dotcom Ventures. http://www.eride.com/

o Analytics Software Firm I-Impact Appoints New CEO
SAN FRANCISCO -- I-Impact, a provider of online business impact analytics software, said it has named Marc E. Barach, its chief marketing officer, as the company's new CEO. Prior to joining I-Impact, Mr. Barach was involved in the establishment of InsWeb, where he was responsible for managing the online insurance marketplace's traffic generation programs. Prior to InsWeb, Mr. Barach served as vice president of marketing at Charles Schwab & Co. I-Impact is backed by Apax Partners, Gemini Israel Fund, and Vertex Venture Group. http://www.i-impact.com/

o Online Marketing Firm MediaPrise Appoints CEO, COO, and CTO
AUSTIN, Texas -- MediaPrise, a brand resource marketing software and server provider for multi-channel marketing, announced it named co-founder Anurag Kumar as the company's first chief executive officer. The company also said it appointed co-founders Mohandas Warrior and Steven Keys as chief operations officer and chief technical officer respectively. MediaPrise recently closed its series A round with $10 million from lead investor Austin Ventures. http://www.mediaprise.com/

o Petroleum Exchange petroWEB Names New President, CEO
DENVER -- Web-based petroleum exchange PetroWEB.com said it appointed Dave Noel to the positions of president and CEO. Mr. Noel, former IHS Energy Group president and CEO, succeeds company co-founder Darcy Vaughan. Mr. Vaughan will remain with the company as the chairman of the board. Company backers include GE Capital Structured Finance Group. http://www.petroweb.com/

======= VC Fund News =======

o Vestar Capital Opens First European Office in Paris
PARIS -- Vestar Capital Partners, a U.S.-based private equity firm, said it opened its first European office in Paris. Robert Rosner, a founding partner of Vestar, will head up Vestar Capital Partners Europe as its president. Vestar currently manages a committed equity capital pool of approximately $4 billion, with the ability to invest as much as $500 million in any single transaction. Vestar Europe said it plans to establish additional offices with local professionals in local markets such as Milan and Frankfurt in order to build a pan-European presence. Since its founding, Vestar Capital has been a leading or majority shareholder in companies such as Celestial Seasonings, Prestone Products Corporation, and Westinghouse Air Brake Company. Telephone 212-351-1601.

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