Author Archives: the HedgeCo News Team

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.

ePartners Names Matt Purser CFO

DALLAS–(BUSINESS WIRE)–July 8, 2003–ePartners(R) — a leading business solutions provider and IT consultant for middle market companies — has promoted Matt Purser to Chief Financial Officer ofthe company. Purser brings 15 years of finance, financial reporting and accounting experience to […]

NWP Services Corporation Secures $15 Million of New Financing

SANTA ANA, Calif.–(BUSINESS WIRE)–July 8, 2003– Show of support from leading venture capitalists strengthens company’s aggressive customer acquisition and product development strategies NWP Services Corporation, the largest and fastest-growing provider of utility billing, energy management, customer care and information services […]

Van Global Hedge Fund Index Extends Winning Streak in June; Hedge Funds Earn 1.4% Net in June, Fourth Straight Positive Month

NASHVILLE, Tenn.–(BUSINESS WIRE)–July 8, 2003–Van Hedge Fund Advisors International, Inc. (VAN) announced today that the Van Global Hedge Fund Index posted its fourth consecutive winning month inJune with a preliminary return of 1.4% net of fees. The preliminary June Index […]

Echopass Secures Additional $4 Million in Series B Funding; Funding Fuels Company’s Sales and Marketing Initiatives for Hosted Contact Interaction Solutions on Demand

SALT LAKE CITY–(BUSINESS WIRE)–July 8, 2003–Echopass, a leading provider of hosted contact interaction solutions, today announced it has secured an additional $4 million in Series B funding led bynew investor Cardinal Venture Capital and supported by existing investors NEA, Canaan […]

Echopass Secures Additional $4 Million in Series B Funding; Funding Fuels Company’s Sales and Marketing Initiatives for Hosted Contact Interaction Solutions on Demand

SALT LAKE CITY–(BUSINESS WIRE)–July 8, 2003–Echopass, a leading provider of hosted contact interaction solutions, today announced it has secured an additional $4 million in Series B funding led bynew investor Cardinal Venture Capital and supported by existing investors NEA, Canaan […]

GoldK to Raise $7 Million in Series C Round; Lazard Technology Partners and TH Lee Putnam Ventures Reaffirm Their Financial Backing of GoldK, Inc.

WALTHAM, Mass.–(BUSINESS WIRE)–July 7, 2003–GoldK(R) announced today that Lazard Technology Partners and TH Lee Putnam Ventures have reaffirmed their financial commitment to GoldK by backing a $7million Series C Round, the terms of which are being finalized by the parties. […]

Preparations for Boise Intermountain Venture Forum begin as market shows signs of life

Up to 15 companies will be selected to make presentations to venture capitalists at the fifth annual Intermountain Venture Forum- Boise, slated Oct. 1-2 at Boise Centre on the Grove. Entrepreneurs seeking financing have until Aug. 8 to submit applications. […]

What’s Happening With Venture Capital, Biotech Funding

Although venture capitalists are a lot more conservative on where to place their fund in the aftermath of the easy funding and exuberant burn rates era of the 1990s, there are substantial amounts ofventure capital funding still available for businesses […]

Software developer wins $2.75M in venture capital

A Purchase developer of human resources software will double its work force over the next 18 months and step up marketing for its flagship product using the $2.75 million in venture capital financingit won earlier this month. HR Technologies will […]

Will this experiment work?

A biotech executive with a rare gene for profitability wants to discipline an often rowdy industry JAMES MULLEN AND THE BIOTECHnology industry arrived on the scene together by chance in 1980. That year he landed his first job out of […]

Saint Paul Pioneer Press, Minn., Dave Beal Column

Jul. 6–Rick Brimacomb and his wife used to think nothing of going out for a big night on the town, but then there were just the two of them. Today, there are four more Brimacombs, children ages 2, 4, 6 […]

GBP 25m target for Scots biomed fund

VENTURE capitalist Lynne Cadenhead and former AorTech director Francis Madden are looking to raise up to GBP 25m for Scotland’s first investment fund aimed at young biomedical companies. The Caledonia Life Sciences fund last week received backing from Scottish Enterprise’s […]