HONG KONG — Diyixian.com Ltd., Greater China’s leading IP carrier with a strong and widespread presence in the region’s Internet landscape, today announced that it has completed a HK$100 million-plus financing with institutional investors as part of its region-wide consolidation process, accompanied by the appointment to its board of directors of two globally reputed IT veterans, Chay Kwong Soon, Vice Chairman of KLM Capital Group and John Zhao, President and CEO of Infolio, Inc. Bucking the recent market pessimism in the global IT sector, this new round of financing, led by premiere venture capital investor KLM Capital Group, and Hong Kong-listed electrical and mechanical engineering specialist Shun Cheong Holdings Ltd, reflects the confidence of institutional investors in the process of stabilisation which Diyixian.com is embarking on across the Greater China market.
MALBOROUGH, MA — USDataCenters today announced that it received $10 Million in second round funding from BancBoston Capital, Housatonic Partners and entrepreneurs Robert Fanch and Ray Anton. Since its beginning in 1996, USDataCenters has focused on operations as an enterprise and Internet data center services provider. The company provides facilities-based hosting and managed services, guaranteeing availability, performance and security for its Internet and enterprise clients. USDataCenters has created a scalable and fully redundant network platform supporting an array of essential managed data center services with the people, processes and tools necessary to manage today’s most complex systems.
AUSTIN, TX — JatoTech Ventures today appointed a technical advisory board. Among its members are Dan Ray, fellow, Level One Communications; Paul Folino, president/CEO, Emulex Corp.; Rich Seifert, President, Networks and Communications Consulting; and Ian Crayford, Director of Business Development, Broadcom Corp.
RICHARDSON, TX –TelOptica Inc. announced today that it has completed its second round of financing for $13.2 million. Led by the Austin-based venture capital firm, Trellis Partners, this latest round of financing brings TelOptica’s total venture capital funding to $19.2 M including it’s first round in November 1999. TelOptica designs software and provides services to help major telecommunications companies and large enterprise customers better manage their optical networks and deliver comprehensive bandwidth management through rapid, automated and continuous tuning of their networks.
TORONTO — Exclamation International Inc. is pleased to report that the previously announced private placement of $6 million through a convertible debt financing with CIBC Capital Partners closed yesterday. The debenture will yield 11 per cent per annum. One third of the debenture may be convertible into 3,809,524 Exclamation common shares and two thirds will be repayable in cash. Exclamation has also granted CIBC Capital Partners an option to buy shares of Points.com Inc., one of Exclamation’s partner companies. If fully exercised, CIBC Capital Partners would own a minority share of Points.com Inc. (defined as less than 15%).
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