Clickmarks Closes Strategic Round
of Funding With Investment from
Mitsubishi Corporation, NTC and
Existing Investors
Additional funding intended to
strengthen strategic relationships
FREMONT, CALIFORNIA - April 29,
2002
Clickmarks, a provider of software
for web and wireless application
development and deployment, today
announced the closing of an additional
round of venture funding, including
multi-million-dollar investments
from Mitsubishi Corporation and
Nippon information Technology Consulting
Co, Ltd., an experienced systems
integrator predominantly working
for the NTT (Nippon Telegraph And
Telephone Corporation) Group companies.
Additionally, existing investors
including Silicon Valley venture
capital firm Draper Fisher Jurvetson
ePlanet Ventures participated in
the round.
"This additional investment
comes at a time when the company
is well-placed for growth, and is
part of the company's coordinated
global expansion strategy. It solidifies
our strategic relationship with
major Japanese companies, which
will help us rapidly expand our
penetration in the Japanese market,"
said Umair Khan, President and Chief
Executive Officer of Clickmarks.
"Follow-up investment in the
company from the existing investors
also demonstrates their continuing
support in our team, technology,
the business vision and the overall
market opportunity."
"We are convinced that Clickmarks'
product can accelerate the development
of new e-business applications which
complement our business model,"
said Mr. Kotaro Yoshioka, Field
Manager of eCommerce Unit, Mitsubishi
Corporation. "Clickmarks delivers
unique, compelling value to its
clients, by giving developers the
ability to create and deploy web
and wireless applications easily
and cost effectively, bringing computing
capabilities to any device, on any
network, and through its proprietary
technology, in any language."
"This investment reaffirms
our commitment to the company, and
the market opportunity for e-business
development tools that will accelerate
the development and deployment of
Web Services as well as web and
wireless applications," said
Asad Jamal, co-chairman and managing
director of DFJ ePlanet. "Clickmarks
fundamentally changes the way e-business
applications are developed, deployed
and maintained - and delivers compelling
value to application developers
and system integrators."
About Mitsubishi Corporation
Mitsubishi Corporation is one
of the world 's most diverse enterprises.
Mitsubishi Corporation has decades
of experience doing business around
the world, experience that has made
it more than just a leader in international
trade. The company 's seven business
groups - New Business Initiatives,
IT & Electronics, Energy, Metals,
Machinery, Chemicals and Living
Essentials - work closely with clients
to develop new business opportunities.
Project coordination, sourcing of
raw materials, capital investment,
and development of sales channels
are typical of the ways Mitsubishi
Corporation creates value for business
partners, customers and shareholders.
Through .Commerce ( " dot commerce
" ), Mitsubishi Corporation
's new business model, the company
is now seeking to create even more
value for all stakeholders. It is
leveraging its competitive advantages
in the so-called Old Economy to
lift commerce to a new level. This
involves integrating strengths of
the New Economy, or online economy,
into Old Economy business models,
and vice versa.
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, 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 |
