Clickmarks announces $5 million
in venture financing
FREMONT, CALIFORNIA - May 12,
2003
Clickmarks, a provider of software
solutions for web and wireless application
development and deployment, today
announced the closing of an additional
round of venture funding, investments
from Silicon Valley venture capital
firm Draper Fisher Jurvetson ePlanet
Ventures , RB Webber & Company,
and Vodafone Ventures.
"Clickmarks has demonstrated
clear progress in sales and product
development to its investors and
has been rewarded with a significant
amount of funding in an incredibly
tough investment environment"
said Umair Khan, President and Chief
Executive Officer of Clickmarks.
" Our plan for 2003 is to build
on the successes of 2002 by continued
focus on channel sales and customer
acquisition."
"Our commitment to the company
remains strong, as does our belief
in the market opportunity for rapid,
non-invasive alternatives to the
traditional methods of ebusiness
application integration and development,"
said Asad Jamal, co-chairman and
managing director of DFJ ePlanet.
"Clickmarks fundamentally changes
the way e-business applications
are integrated, developed, and deployed.
Equally important is the fact that
the team has achieved increasing
momentum on sales and business development
amid tough ecomonic conditions."
Specific uses for the funds include
an expansion of indirect sales channels
via alliance partnerships and further
development of the company's sales
and support organization.
About ePlanet Ventures
Draper Fisher Jurvetson ePlanet
Ventures ("DFJ ePlanet"),
(www.dfjeplanet.com),
is a global venture capital firm
focused on the information technology
sector. DFJ ePlanet was founded
in 1999 to take advantage of the
growing trend towards globalization
in technology by the leading Silicon
Valley-based venture capital firm,
Draper Fisher Jurvetson (www.dfj.com)
in partnership with Europe-based
ePlanet Partners (founded by Messrs.
Roderick Thomson and Asad Jamal).
ePlanet invests in seed to later
stage companies in Europe, Israel
and Asia, and in expansion and later
stage companies in the United States.
The fund currently operates offices
in Redwood City, London, Tel Aviv,
Beijing, Singapore and Tokyo.
About Clickmarks
Clickmarks is the pioneer of Presentation
Level Integration (PLI), a noninvasive
integration technology that refactors
existing applications into re-usable
components at the presentation layer.
Clickmarks and its partners use
PLI technology to leverage existing
enterprise investments in delivering
workflow automation, portal integration,
and decision support solutions to
the enterprise. The company’s
products and solutions have been
commercially deployed at some of
the world’s largest companies,
including Vodafone Group PLC, Unisys,
Nippon Information Technology Corporation,
Sun Microsystems, and Telefonica.
Founded in 1999, Clickmarks (www.clickmarks.com)
is a privately held company backed
by several blue chip investors,
including DFJ-ePlanet, Vodafone
Ventures, Entrust, and Mitsubishi
Corporation. It 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 |
