Private Equity Week Wire for Tuesday 6/5

HOUSTON — DataCert Inc., a leading provider of e-Business services, announced today the successful completion of its Series B funding.DataCert raised $5 million from strategic and venture investors as well as individuals in the technology industry. UPS, Palmetto Partners, Ltd., Kestrel Document Services, Ltd.and individual investors participated in the funding.

ATLANTA — Pirelli Cavi e Sistemi SpA and Alloptic Inc., the leading start-up providing IP, Gigabit Ethernet fiber optic solutions for access networks, announced today at SuperComm 2001 in Atlanta that they have signed an agreement to develop new optical solutions for access networks and fiber-to-the-home applications. Under the agreement, Pirelli will invest US$12 million in Alloptic and will have one member and one observer on the Alloptic Board of Directors.

BOCA RATON, FL — In the tech world game of Survivor, OmniCluster Technologies has emerged as a winner with today’sannouncement of its latest investor. Mellon Ventures, the Venture Capital arm of Mellon Financial Corporation, has joined H.I.G. Ventures who led the investment, and CrossBow Ventures as Venture Capitalinvestors in OmniCluster, the developer of the SlotServer(TM) 1000, a full-function server on a PCI card.

HARTFORD, CT — Conning Capital Partners, a private equitygroup that specializes in financial services, has announced that David W.Young has joined as Partner.Mr. Young most recently served as Chief Investment Officer for ProgressiveCorporation, the nation’s fourth largest auto insurer. Mr. Young’sprevious experience includes Salomon Brothers where he started the BankAsset/Liability Management Group and co-founded the Financial InstitutionsCapital Markets Group. Prior to Salomon Brothers, he headed the BondDepartment and Funded Income Portfolio Management at Brown BrothersHarriman & Co.

ANDOVER, MA — CMGI Inc. will release its Q3 fiscalyear 2001 financial results on Tuesday, June 12, 2001 after the market close.

FORT WORTH, TEXAS — InsureZone, the”clicks and mortar” insurance provider that enables banks, Web portals andother companies to offer access to insurance products under their ownbrands, today announced that it has secured $8.2 million in funding fromBuena Venture Associates — a Texas-based investment partnership focusedprimarily on the delivery of financial services over the Internet. BVApartners include Fort Worth financier Sid R. Bass.

NEW YORK — Venture Partners III, part of the affiliated venture capital arm of INT Media Group, Incorporated (Nasdaq:INTM), today announced that one of its portfolio companies,, was acquired by Leap Wireless International, Inc. (Nasdaq: LWIN), aninnovator of wireless communications services, for an undisclosed amount of Leap Wireless common stock. Other Venture Partners III recent activity included participating in second round funding for Alistia Inc. and PureCarbon, Inc. INT Media Group also made anequity investment in Alistia in exchange for barter advertising. Additional terms were not disclosed.

CAMPBELL, CA — GotMarketing, developer of web-based, self-serve email marketing tools, today announced that it has secured $3million in a third round of funding. Venture capital firm Celtic House, which specializes in early stage funding for U.S., Canadian and U.K. companies, was the lead investor in this round. The company is securing its position as the leading provider of self-serve, online email marketing tools. The funds will be used to launch the company’s next generation suite ofproducts, and enable more reseller relationships.

SAN FRANCISCO — Recognizing that Canada is home for a substantial pool of communications and networking talent, Newbury Ventureshas named Ontario-based Conrad Lewis and Ken Wigglesworth as Venture Partners to focus on investments in communication and information technology companies. Lewis lives in Ottawa, Ontario and boasts a quarter century’s worth of technological, management and advisory experience. With Newbury, he will focus primarily on earlystage networking and communications investments in Canada. Lewis is also a principal and co-founder of Eagle One Ventures, a business accelerator focused on pre-IPOtelecommunications and networking companies. Prior to joining Newbury he served as EVP of the Access and Network Management Product Group at Newbridge Networks Corporation where he was responsible for productmanagement and research and development of 3 key Newbridge product lines: broadband access, IP VPN’s, and network and service management. Ken Wigglesworth also lives in Ottawa and brings to Newbury a strong financial background as the former CFO of Newbridge Networks. Wigglesworth will providefinancial assistance and support to Newbury’s portfolio companies. He is also a co-founder and principal of Eagle One Ventures, a business accelerator of networkingstart-ups. Wigglesworth joins Newbury after 13 years with Newbridge Networks (now Alcatel) in a variety of senior management roles. Appointed EVP Administration & CFO ofNewbridge in 1996, he was closely involved in the successful $8B Alcatel/Newbridge merger. As CFO, Wigglesworth played a significant role in the creation, incubation andfinancing of many start-up companies, including Tundra (TSE:TUN), Sonoma Systems (acquired by Nortel), Pixstream (acquired by Cisco), and Newbridge’s early investment inJuniper Networks.

PALO ALTO, CA — Charter Growth Capital announced thateffective today, the firm has renamed itself Focus Ventures. Focus Venturesis one of the leading venture capital firms in the country, targetingexpansion stage companies in the communications and software industries. The Focus Ventures team is led by the same group of investment partners thathas brought the firm exceptional results over the last several years.General partners are David W. Aronson, Steven P. Bird, George H. Bischof,James H. Boettcher and Kevin J. McQuillan. The general partners havecombined experience of more than 80 years in venture capital, investmentbanking, management consulting, operations and engineering.

GRANDVILLE, MI — X-Rite Inc. (Nasdaq:XRIT), a leading global provider of technology solutions that measure color, light and shape, announced that its strategic venture capital group, XR Ventures LLC, has invested in Urbanpixel, Inc., an internet infrastructure development company located in San Francisco, California. Urbanpixel developed and markets the Web Experience Platform(TM), a software capability that improves and complements the current web experience by combining advanced human interaction solutions with leading-edge internet technologies. Application of Urbanpixel’s enterprise solutions enables businesses to develop next-generation web-based interfaces that significantly improve productivity and customer satisfaction.

DALLAS, TEXAS — Denbury Resources Inc. (NYSE:DNR)(TSE:DNR.) (“Denbury” or the “Company”) today announced that it has entered into a definitive agreement to acquire privately-held Matrix Oil & Gas, Inc. (“Matrix”) of Covington, Louisiana for approximately $163 million in cash and stock, including the assumption of Matrix’s liabilities. Matrix is an exploration and production company that primarily focuses on the offshore Gulf of Mexico with an interest in 19 offshore blocks and two onshore fields. At April 1, 2001 based on initial Company estimates, Matrix had an estimated proved reserve base of 78.7 billion cubic feet equivalent (Bcfe), 91% of which was natural gas and 70% of which was proved developed. Matrix produced 40 MMcfe/d during the first quarter of 2001, 94% of which was natural gas. The acquisition, accounted for as a purchase, increases Denbury’s relative position in the Gulf of Mexico and is expected to close during July 2001, the effective date of the acquisition.

For yesterday?s Wire, click here