Regional News

Don't miss our other news sources!

NeoButler Snags $5 Million Second Round


RTP's neoButler Inc., which helps Web surfers find information and services that meet their interests and needs, has closed on $5 million in second round venture financing, LocalBusiness.com reported. Franklin Street Partners led neoButler's round of funding, with participation from ITOCHU International, PSINet Ventures, and Draper Atlantic, which led neoButler's $1.5 million first round last October. Company officials said the funds will help fund operations next year as the company looks to expand sales, marketing and business development.

[return to top of EntreNews]

Sicel Gets Second Round Worth $3.5 Million


Sicel Technologies Inc., a Raleigh-based company looking to measure the effectiveness of cancer treatments, has raised a $3.5 million second round from local and European investors. Sicel's first product, made from components originally created for cell phones, measures radiation dosage to tumors in cancer treatment. Butron Advisors, based overseas in the United Kingdom, acted as the placement agent for Sicel's second round. Twenty percent of Sicel's $3 million round came from local investors, according to LocalBusiness.com.

[return to top of EntreNews]

Peopleclick Acquires Florida's Claybrooke & Associates


Peopleclick, a human resources company based in RTP, announced it has acquired Tampa, Fla.-based Claybrooke & Associates Inc. Although the financial terms of the deal were not disclosed, Peopleclick officials told LocalBusiness.com that the acquisition was a multi-million dollar deal. Claybrooke & Associates, which plans to keep its 30 employees after the acquisition, has developed technologies to help human resources professionals in the job-hiring process. Peopleclick, which sells software that helps large companies manage the process of finding a job candidate, has raised $23 million in two rounds of funding.

[return to top of EntreNews]

Gadgetspace Reels in $5.5 Million


Durham-based GadgetSpace Inc. announced its initial seed and venture financing totaling $5.5 million. Southeast Interactive Technology Funds and The Aurora Funds led the funding, with additional investments from other prominent angel investors. The funding announcement marks Gadgetspace's introduction into market for the first time. Several customers and partners that already use Gadgetspace's wireless solutions include Metro-Goldwyn-Mayer Inc., Clarkston, HAHT Commerce and others.

[return to top of EntreNews]

Four Triangle Companies Selected for VentureOne Premiere Conference


CED members Sicel, Ensolve, WaveSale, and iTech have been accepted to present at The VentureOne Premiere conference in San Jose, November 5-7, 2000. The conference brings together leading angel investors and venture capitalists with a select group of angel-backed startup companies. CED is one of a small group of presenting company sponsors, selected by Premiere Advisory Board & VentureOne to nominate presenting companies. For more information, visit http://www.ventureone.com/premiere.

[return to top of EntreNews]

Imaginis, Siemens Launch New Women's Health Website


RTP-based Imaginis Corporation and partnered with The Medical Engineering Group of Siemens to launch the new version of the award winning Imaginis.com website. The new Website was launched in conjunction with National Breast Cancer Awareness Month, which takes places throughout the month of October. The new Imaginis.com site has been redesigned and significantly enhanced to increase ease of use. In addition, an all-new section of Imaginis.com has been created specifically for healthcare professionals involved in women's health.

[return to top of EntreNews]

Triangle Capital Venture Investments Total $555 Million for First Half of 2000, Up 48% Over 1999


CED recently released its second quarter Venture Capital Report which details venture capital activity and mergers and acquisitions in the Triangle and state as of early September. Data from various sources showed a total of $258 million invested in 31 Research Triangle-based companies in Q2 of 2000. Throughout North Carolina, a total of 41 companies obtained $689.76 million dollars including 402 million in financing that went to Charlotte's Carolina Broadband. Research Triangle-area companies participated in at least 16 mergers and acquisitions worth greater than $1.56 billion in Q2, according to the report, which also noted that since many of these transactions are confidential, is an incomplete total..

In the Year-to-Date report, a similar pattern of growth in the Triangle appears. A total of $555.69 million was invested in 67 Research Triangle-based companies in the first two quarters of 2000. Throughout North Carolina, a total of 92 companies obtained $1,117.62 million dollars. With 70 investments made in 67 companies in the Triangle during Q1 and Q2 2000, the number of deals through June of 2000 increased by 48% year over year, up from 47 deals in the same period in 1999.

[return to top of EntreNews]

SciQuest to Meet Lower End of Third-Quarter Revenue Expectations


SciQuest announced that its third-quarter 2000 revenues will be within the $19 million to $25 million range that analysts have set for the company. SciQuest officials said the company should be in the lower end of the expected range when they officially reveal their revenue data in early November. If SciQuest meets analysts' expectation, this would represent an increase of more than 50% over second-quarter 2000 revenues of $12.8 million.

[return to top of EntreNews]

EntreWorld Update: Does Gender Matter in Business?


Women start nearly half the new businesses in the United Sates. Motivated, goal-oriented, they measure their success in the millions. Now they're networking to get their hands on a bigger chunk of the venture-capital market. To read more about gender and entrepreneurship, check out this month's Entrepreneur's Bylines: http://entreworld.org/Content/EntreBylines.cfm.

[return to top of EntreNews]

Events Update




October 16th — Biotechnology Roundtable

October 17th — Executive Series

October 19th — Healthcare Entrepreneurs Technology Roundtable - HIPAA

October 27th — Research Triangle InfoTech 2000

November 2nd — CED Information Session

November 2nd — Venture Capital Series 2000 - Session II

[return to top of EntreNews]