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Netpreneur News
Volume 7, Number 16, April 18, 2002

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This Week's Contents:

1) NEWS ABOUT THE PROGRAM
      1.1 Get Your Props
2) THE REGION'S NETPRENEURS
      2.1 Brickstream's Store Design Application
      2.2 Marketswitch's Credit Optimization Product
      2.3 GloboMax's BioInformatics Tool
      2.4 INLINE's 2 Gbps Storage Solution
      2.5 Blue Ridge's VPN/Firewall Client
      2.6 Round-up: Quick Hits
      ...... news from Plateau & Carney, Step 9, and The Berndt Group

3) FUNDING & FINANCE NEWS
      3.1 Dough Raise Me
      ...... $22.5M for 2 local entrepreneurs

      3.2 Life In The Food Chain
      ...... ServerVault Acquired By Fort Washington Capital

4) WHO'SWARE
      ...... BoardWatch

|||||||||||||||||||| 1. News About The Program ||||||||||||||||||

1.1 GET YOUR PROPS
Our panelists for next week's Coffee & DoughNets have been
propositioned more than once, and it even worked sometimes. Get
their advice on how to assess and present your company's value
proposition in the best way to attract the interest of funders,
customers, partners, and more. You'll hear from Venkat Gopalan, VP
of Information Technology at DynCorp; Tige Savage, VP at AOL Time
Warner Venture Group; Matt Haley of Accenture, past founder of
Intrinsa Corporation; and moderator John Backus, Managing Partner of
Draper Atlantic. C&D will be Wednesday April 24 from 7:00 to 9:30 AM
at the General Cinema at Mazza Gallerie in Chevy Chase, Maryland.
Sign up now.

http://netpreneur.org/events/doughnets


|||||||||||||||||||| 2. Regional Netpreneurs ||||||||||||||||||

2.1 BRICKSTREAM'S STORE DESIGN APPLICATION
(Arlington, VA) Brickstream launched Intelligence for Space, a
product for retailers and store design agencies. It leverages
patented video technology and business intelligence capabilities to
anonymously capture walking paths of customers through a store and
deliver intelligence, such as how customers enter and exit an area,
high/low traffic areas, velocity of customers in an area, sequence
of customer activities, and traffic patterns by time of day and
week. Stores use the information to make decisions about layout and
product allocation to improve return on investment per square foot.
http://www.brickstream.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

2.2 MARKETSWITCH'S CREDIT OPTIMIZATION PRODUCT
(Dulles, VA) Marketswitch launched its new line of Pricing and
Revenue Optimization (PRO) solutions with two initial
applications -- TRUE for Credit Optimization and TRUE for
Collections Optimization. The products enable credit risk managers
to develop customer credit line and collections strategies that
deliver the highest return on capital resources while meeting risk
objectives. Marketswitch also announced it had signed its first deal
for the products by licensing the credit optimization software to a
"top five credit card issuer."
http://www.marketswitch.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

2.3 GLOBOMAX'S BIOINFORMATICS TOOL
(Hanover, MD) GloboMax released PDx-IVIVC, a Web-based software
application for In Vitro - In Vivo Correlation (IVIVC), part of a
family of expert tools to enhance and expedite pharmaceutical
product development and approval. Offered as a hosted solution,
PDx-IVIVC offers modeling and prediction modules.
http://www.globomax.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

2.4 INLINE'S 2 Gbps STORAGE SOLUTION
(Dulles, VA) INLINE announced the release of its 2 gigabit per
second Fibre Channel storage solution, the MorStor TruFibre 460. The
company says it is one of the first products on the market to feature 2Gbps technology on both the host side and the disk side. It includes all features associated with high-end RAID storage, including redundant, hot-swappable components and support for RAID levels 0,1,0+1,3, 
and 5.
http://www.inlinecorp.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

2.5 BLUE RIDGE'S VPN/FIREWALL CLIENT
(Chantilly, VA) Blue Ridge Networks introduced Firewall-X, its VPN
Client with integrated firewall technology. The product is designed
to protect corporate networks by extending security to remote users
without the need to manage individual firewalls. The managed
solution requires no customer-owned hardware, software, or in-house
security expertise, and the Firewall-X capability is built into the
VPN client to make it transparent to the user.
http://www.blueridgevpn.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

2.6 ROUND-UP: QUICK HITS

(Arlington, VA) Plateau Systems will integrate Alexandria-based
Carney Interactive's prescriptive learning content with its Plateau
4 Learning Management System.
http://www.plateau.com

(Fairfax, VA) Step 9 Software will integrate its iCustomer service
delivery management product with Web-based workflow automation
software from Cary, NC-based Ultimus.
http://www.step9.com
http://www.ultimus.com

(Baltimore, MD) The Berndt Group built the website for the Southern
Maryland Regional Library Association, offering a guide to the
region's businesses, arts, entertainment, community organizations,
and more.
http://access-somd.org
http://www.berndtgroup.net

|||||||||||||||||||| 3. Funding & Finance News ||||||||||||||||||

3.1 DOUGH RAISE ME

$5 million for Germantown-based Megisto Systems, a developer of
carrier-class mobile Internet infrastructure equipment. The money is
an addition to the $50 million Series B round Megisto announced in
January. Most of the new funds came from Saturn Venture Partners, an
independent venture fund formed with sponsorship from Telecom
Italia, Telecom Italia Mobile, Telecom Italia Labs, and Olivetti.
David Lee, founder and managing partner of Saturn Venture Partners,
joins Megisto's board of directors.
http://www.megisto.com

$17.5 million in a Series B round for Fairfax-based Mantas, a
provider of behavior detection technology for the financial services
industry. The money comes from Wayne, PA-based Safeguard
Scientifics. Mantas' solutions help combat money laundering and
fraud, ensure best execution, and monitor trading compliance. Mantas
was the first spin-off company for SRA Ventures, a joint venture
formed by Safeguard Scientifics and SRA International.
http://www.mantas.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

3.2 LIFE IN THE FOOD CHAIN

-- ServerVault Acquired By Fort Washington Capital
(Dulles, VA) Cincinnati, OH-based Fort Washington Capital Partners
announced that "certain of its affiliates" have acquired the assets
of managed hosting provider ServerVault. The investment was made in
partnership with ServerVault's management team and employees, and
the Fort Washington affiliates are now the firm's sole outside
equity investors. ServerVault provides complex hosting solutions
with protection against hacker or virus compromise to clients that
include CapitalOne, The Carlyle Group, The NFL, and Citigroup. Fort
Washington Capital Partners is the wholly owned private equity
subsidiary of Fort Washington Investment Advisors, a member of
Western & Southern Financial Group.
http://servervault.com


|||||||||||||||||||| 4. Who'sware  ||||||||||||||||||

BOARDWATCH: Joining the board:

. . . at Optinel Systems are Alex Best, former EVP of Engineering at
Cox Communications, and James Faust, formerly with ClearBand.
http://www.optinel.com

. . . at Xybernaut is former Virginia Governor Jim Gilmore.
http://www.xybernaut.com


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Netpreneur News is copyright 2002, Morino Institute, all rights reserved. The information contained here has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. It is provided "as is" and your use is at your own risk.




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