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MARCH
22, 2002
Allegra invests in Moneyline Telerate.
Moneyline Telerate,
a global provider of integrated real-time information
and transaction services to the capital markets, announced
today a financing from Allegra Partners. Allegra joins
One Equity Partners and Japans QUICK Corp. as
shareholders in the NYC-based company.
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JANUARY
31, 2002
Aleri acquires banking software company, MPCT Solutions.
Aleri Inc, New York-based
developer of innovative, ultra-high-speed information
processing software, has announced the acquisition of
mpct Solutions Corporation, the leading banking solutions
provider. mpct's products include the well-known Atlas
international wholesale banking operations software
used by over 30 leading Global banks.
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NOVEMBER
22, 2001
Allegra provides $4 Million of expansion capital to
Mentor Communications Group.
Mentor
Communications Group is
a leading business communications company offering just-in-time
learning and performance support products. Mentor's
line of products includes Lotus Notes, Lotus Sametime,
Lotus QuickPlace, Windows XP, and Microsoft Office as
well as many custom applications. The proceeds will
be used to develop the retail and OEM channel.
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NOVEMBER
15, 2001
Allegra and Bessemer Co-lead $11 Million Round A
for Diogenes, Inc.
Diogenes,
a provider of Internet communications software for guaranteed,
transactional messaging, today announced the prior closing
of an $11M Series A with Allegra Partners, Bessemer
Venture Partners, and US Venture Partners.
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OCTOBER
31, 2001
Allegra
Leads $10.25 Million Round B for Medical Image Storage
Company, InSiteOne.
Headquartered
in Wallingford, Connecticut, InSiteOne,
Inc. is a leading storage service provider offering
Web-enabled digital image storage and archiving solutions
to the medical community. The financing will be used
for sales, marketing and product development.
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OCTOBER
15, 2001
Allegra
Leads $11 Million Round A for firstRain.
firstRain,
Inc., a leading provider of Web services infrastructure
software for the next-generation internet today announced
the closing of an $11 million funding from a group of
investors led by Allegra Partners. Diamondhead Ventures,
St. Paul Capital, and Myriad Investments also participated
in the round.
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JULY
2, 2001
Allegra
Invests in ReefEdge, a leading 802.11 wireless LAN software
company.
Reefedge,
Inc., a Fort Lee, NJ company providing security,
manageability and usability to large scale wireless
LANs today announced an $18 million financing from RRE
Ventures, Allegra Partners, Bessemer Venture Partners,
Columbia Capital, and Saturn Venture Partners.
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SEPTEMBER
28, 2000
Vastera
completes $84 Million Initial Public Offering.
Vastera,
Inc., (Nasdaq: VAST), a leading provider of Web-based
solutions for Global Trade Management, today announced
the initial public offering of 6,000,000 shares of common
stock at an initial public offering price of $14.00
per share.
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AUGUST
15, 2000
Allegra
Leads $7 Million Round B for Aleri, Inc. (Metasoft).
Aleri,
Inc., a leading provider of real time, event-based
analysis of large complex data sets, today announced
the closing of a $7 million in funding from a group
of investors led by Allegra Partners.
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JULY
27, 2000
Lexent, Inc. completes $103.5
million Initial Public Offering.
Lexent, Inc.,
a leading independent provider of outsourced local telecommunications
network services, today announced the successful completion
of its Initial Public Offering. Proceeds from the financing
will be used to support the continued geographic expansion
of Lexent's rapidly growing business in order to serve
the needs of its customers as they in turn increase
capacity to meet new levels of demand created by the
growth of the Internet and wireless services. Lexent
provides the expertise and resources necessary for competitive
local exchange carriers, Internet service providers
and wholesale providers of broadband services (carriers'
carriers) to build and connect their networks to other
local and long distance carriers and to individual end
users.
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JUNE
27, 2000
Allegra Leads $10 Million Expansion
Financing for SOFTRAX Corporation.
SOFTRAX
Corporation, a leading provider of revenue management
software and e-business infrastructure solutions, today
announced receipt of an additional $10 million in funding
from a group of investors led by Allegra Partners. The
funds will fuel continued investments in aggressive
sales/marketing campaigns, expansion of SOFTRAX ASP
capabilities and overall SOFTRAX product development
efforts.
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JUNE
19, 2000
Nettech Systems Announces Name
Change to Broadbeam Corporation.
Nettech Systems, a leading wireless solutions
provider, today announced that it has renamed the company
Broadbeam Corporation,
reflecting the breadth and versatility of Broadbeam's
offerings in the wireless data communications arena.
The timing of this announcement coincides with the company's
strategic offering of complete wireless hosting services
for enterprises, providing end-to-end solutions for
implementing wireless data applications.
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MAY
10, 2000
Allegra IV Invests in Verian
Technologies, Innovative Supplier of ASP-based Solutions
for Materials Acquisition and Management.
Verian's
ProcureIT suite of automated materials procurement
and management solutions targets the needs of middle
market companies with revenues between $100 million
and $3 billion. Allegra's financing provided capital
to support the rapid growth of Verian's customer base.
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FEBRUARY
25, 2000
Allegra IV Invests in Vastera,
Inc., Leading Provider of Global Trade Management Solutions.
Vastera
currently provides its eBusiness Solutions for Global
Trade to over 100 clients, including many of the world's
leading companies in a broad cross section of industries.
Allegra's financing will provide working capital to
support Vastera's continued rapid expansion.
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FEBRUARY
22, 2000
Global Crossing LTD. Agrees
to Acquire IPC/IXnet for $3.8 billion.
IPC Communications, Inc.
(AMEX:IPI) which, together with its 73% owned subsidiary,
IXnet,
Inc. (NASDAQ:EXNT), provides a broad range of value-added
voice and data communications solutions to the financial
services community announced today its agreement to
be acquired by Global
Crossing LTD. Global Crossing is the world's first
independent global provider of state of the art Internet
and long distance telecommunications facilities and
related services utilizing a network of undersea and
terrestrial digital fiber optic cable systems.
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FEBRUARY
15, 2000
Allegra IV Completes Investment
in Nettech Systems, Inc., The Leading Supplier of Middleware
Solutions and Hosting Services for the Wireless Communications
Industry.
Nettech's
award-winning products are currently supporting wireless
data communications to more than 80,000 users in more
than 500 companies worldwide. Nettech becomes the second
portfolio investment for Allegra IV since its formation
on December 21, 1999.
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JANUARY
31, 2000
IXnet Chairman Richard W. Smith
Named New Chairman of IPC Communications, Inc. Managing
Partner at Allegra Capital Partners to Lead Both Companies
In Continued Global Expansion.
Rick Smith, a Managing Partner of Allegra, was named
Chairman of the Board of IPC
Communications, Inc. (AMEX:IPI), an Allegra III
portfolio company. IPC is the world's leading supplier
of voice trading systems for the financial community
and is the 84% owner of IXnet,
Inc. (NASDAQ:EXNT). IXnet provides a high performance
intelligent global extranet designed exclusively for
the financial community.
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JANUARY
10, 2000
Allegra III and IV Make Joint
Follow-On Investment in Lexent Corporation.
Allegra Partners announced today that Allegra III and
Allegra IV had made a joint follow-on investment in
Lexent Corporation,
an Allegra III portfolio company. Lexent is a leading
supplier of design, build and maintenance services for
the competitive local exchange carrier (CLEC) industry.
Lexent provides the "last mile" link for all network
technologies: fiber, wireless, cable and copper (DSL).
Lexent becomes the first portfolio investment for Allegra
Capital Partners IV, which was formed on December 21,
1999.
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DECEMBER
21, 1999
Allegra Capital Partners IV
First Closing.
Allegra Partners completes first closing for Allegra
Capital Partners IV. Allegra expects to have a final
closing for Allegra IV prior to the end of 1Q00.
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DECEMBER
7, 1999
Critical Path, Inc. Acquires
FaxNet.
Critical
Path, Inc. (NASDAQ: CPTH), a leading provider of
business-to-business Internet messaging and collaboration
solutions acquires FaxNet, a leading outsource supplier
of carrier-class enhanced fax and integrated messaging
solutions. The acquisition of FaxNet adds a key component
to Critical Path's unified messaging strategy and positions
Critical Path to capitalize on the growth in the advanced
Internet email and messaging service market.
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DECEMBER
6, 1999
Kana Communications, Inc. Acquires
Business Evolution Inc.
Kana
Communications, Inc. (NASDAQ: KANA) acquires Business
Evolution, a provider of two-way dialog service for
electronic-business web sites. Business Evolution's
products will significantly enhance Kana's existing
suite of online customer support products and services.
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AUGUST
12 , 1999
IXnet, Inc. Successfully Completes
Initial Public Offering.
IXnet,
Inc. (NASDAQ: EXNT) successfully completes its initial
public offering raising over $90 million of capital
to support the continued growth of its network services
business. "Our August IPO marked the successful completion
of a vital step in the evolution of our business and
has provided a powerful base for the next stages of
development," said David Walsh, CEO of IXnet. "We are
on track to achieve both our near and longer term goals
to continue the build-out of our intelligent extranet
for the financial services community."
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