Clickmarks Closes Third Round
of Funding With Investment from
Draper Fisher Jurvetson ePlanet
Ventures
Over $10 Million Inflow Will be
Used to Expand Alliances, Drive
Global Sales and Support Organization
FREMONT, CALIFORNIA - February
13, 2001
Clickmarks, a leading provider
of software infrastructure for wireless
carriers, and enterprise clients,
announced today the closing of its
third round of venture funding,
led by a multi-million-dollar investment
from prominent Silicon Valley venture
capital firm Draper Fisher Jurvetson
ePlanet Ventures. The new funding
will be used to expand Clickmarks’
global sales, marketing and support
presence, and to further accelerate
its business development efforts
worldwide.
"This additional investment
affirms the strength of Clickmarks'
business strategy and the growing
value of our products and services
in an increasingly networked and
wireless global economy," said
John Huyett, President and Chief
Executive Officer of Clickmarks.
"While we have been approached
by a number of venture capital firms,
we chose to work with Draper Fisher
Jurvetson ePlanet Ventures, based
on its expertise in wireless technologies
and exposure to global markets,"
continued Huyett. "With the
support of a top-tier investor like
Draper Fisher Jurvetson ePlanet
Ventures, we will be able to expand
aggressively into our target markets."
"After careful consideration,
we chose to invest in Clickmarks
based on the demonstrated traction
in the marketplace and the leading
edge technology deployed by the
company. We fully expect Clickmarks
to be a leader in the way content
and services are delivered to wireless
devices," said Asad Jamal,
Co-Chairman & Managing Director
at Draper Fisher Jurvetson ePlanet
Ventures.
Specific uses for Clickmarks' Series
C funding include an increase in
the company's engineering staff;
an expansion of indirect sales channels
via alliance partners; further development
of the company's global sales and
support organization; and an extension
of Clickmarks' technological advantages
via accelerated R&D efforts.
The funding by Draper Fisher Jurvetson
ePlanet Ventures, its first with
Clickmarks, led a round that included
additional investments from corporate
and institutional sources. Draper
Fisher Jurvetson ePlanet Ventures
(www.dfj.com) is the global fund
of the renowned Silicon Valley-based
firm Draper Fisher Jurvetson. The
firm backs entrepreneurs with the
vision to build outstanding companies
in the information technology sector.
About Clickmarks
Clickmarks, Inc. is a leading
provider of technology solutions
for the rapid development and deployment
of e-business applications and web
services. Clickmarks’ products
represent an innovative visual approach
to Enterprise Application Integration,
enabling companies to create and
deploy functionally-rich applications
that combine information and business
processes from existing systems.
Applications developed on the Clickmarks
platform can be exposed as portlets
(for integration within portal frameworks),
EJBs and web services, and deployed
on a broad range of mobile devices.
The company’s software has
been commercially deployed at some
of the world’s largest companies,
including Vodafone Group PLC and
Telefonica. Founded in 1999, Clickmarks
(www.clickmarks.com)
is headquartered in Fremont, California.
The company is headquartered at
718 University Avenue # 202
Los Gatos CA 95032
V (408) 399-6120
F (408) 395-5404
Web site:www.clickmarks.com
For more information, please contact:
Dodi Handy, President and CEO
Elite Financial Communications Group
Tel: 407-585-1080
E-mail: dlk@efcg.net |
