Author Archives: the HedgeCo News Team
Hyde Park Capital Advisors, LLC Announces CyLex Systems, Inc. Sale to Ricoh Company, Ltd.
TAMPA, Fla.–(BUSINESS WIRE)–June 16, 2003–Hyde Park Capital Advisors, LLC is pleased to announce the sale of CyLex Systems, Inc., a Boca Raton, Florida-based document management software company,to Ricoh Company Ltd. Hyde Park Capital Advisors, LLC, the investment banking subsidiary of […]
D.C. Area Low on High Tech
The Washington region has plenty of lawyers but not enough entrepreneurs. Plenty of office space, but not enough business-social networks. Plenty of airports, but not enough new high-tech companies. Despite an explosion of growth in the private sector and a […]
Unveil Technologies Increases Series A Venture Round to $7.5M with Addition of TD Capital Technology Ventures
WALTHAM, Mass.–(BUSINESS WIRE)–June 16, 2003– TD Capital Technology Ventures Joins Sevin Rosen Funds and Solstice Capital in Current Round, Brings Extensive Experience in Speech Technology and Contact Center Markets to Unveil Unveil Technologies, Inc., a provider of enterprise speech self […]
D.C. Area Low on High Tech
The Washington region has plenty of lawyers but not enough entrepreneurs. Plenty of office space, but not enough business-social networks. Plenty of airports, but not enough new high-tech companies. Despite an explosion of growth in the private sector and a […]
AuctionDrop Secures $2.5 Million in Series A Funding
SAN CARLOS, Calif.–(BUSINESS WIRE)–June 16, 2003–AuctionDrop, the leading eBay consignment service, today announced it has completed a $2.5 million round of funding led by Mobius Venture Capitaland Draper Associates, bringing the total raised to over $3.0 million. This second round […]
Zurich Sells Threadneedle to American Express
LONDON (HedgeWorld.com) – American Express Financial Corp. agreed to buy Threadneedle Asset Management Holdings Ltd. from Zurich Financial Services Group for US$570 million in cash. Threadneedle, a manager of US$1.1 billion in hedge funds and US$75 billion overall, will not […]
Venture funding continues its downward trend, but optimism remains
2003 first quarter data on venture funding suggests that investors were hibernating for the winter-or at least their money was. A slow economy, world events, and the Iraqi conflict contributed to arough quarter for emerging growth companies seeking funds. But […]
Bright lights
Communications Startups Attract Venture Funding Despite Telecom Slowdown Telecom may be out, but communications startups are in. That’s according to venture capitalists, which have dumped some $60 million in the past year into Orange County startups that make communications technology. […]
Nanotechnology: the next small thing Investors are piling into a revolutionary new sector, but sceptics say it’s just another bubble in the making. Richard Fletcher and Lauren Mills report
It’s the stuff of science fiction: nanotechnology, a scientific breakthrough which its proponents claim will create computers the size of a grain of sand and miniature robots that will march throughthe body repairing damaged organs. Nanotechnology is no Hollywood fiction. […]
Don’t join the hedge fund club if they’d have you as a member
It’s dull out there. OK, so the market has had a bit of a run. But in America’s new mood of puritanism, making serious wonga is way out of style. Unless, that is, you are fortunate enough to run ahedge […]
Jobs Bill Costing State $75 Million, Losing Jobs
Senate President Jim King is considering repealing a state program that is giving three venture capital companies $75 million in taxpayer money but has so far resulted in a loss of 174 jobs. The “CAPCO” program, originally passed in 1998, […]
London Pensions Agency Plans UKpound 75 Million Venture
Jun. 13–The retirement savings of London council workers, ranging from probation officers to hygiene inspectors, are to be poured into the potentially risky world of venture capital. The London Pensions Authority, which oversees a UKpound 1.2 billion active pension fund […]