I picked this up.
It relates to a former employee of NRID. Could we pick up some business from this company.
Regards,
Sheldonemployeesavings.com Receives $5M From Benchmark Capital, Names New CEO and Senior Officers
BELLEVUE, Wash., Sep 14, 1999 (BUSINESS WIRE) --
Bill Gurley, Benchmark General Partner, Joins
Board of Directors Norman Behar, former Egghead
and Catapult leader, joins as president and CEO
employeesavings.com, the premier provider of Employer Sponsored Value
Plans (ESVPs) serving Fortune 1000 companies, today announced the
completion of a $5 million investment from Benchmark Capital and a new
executive management team to fuel the Company's next phase of growth.
Also announced today was the addition of Bill Gurley, a Benchmark
Capital general partner, to employeesavings.com's board of directors.
"In today's ultra-competitive labor market, companies need to offer
rich benefits packages that deliver value above and beyond the standard
benefits like health and life insurance in order to attract and retain
the best employees," said Bill Gurley. "employeesavings.com's ESVPs
help companies do just that. They are quickly becoming a critical tool
in a company's arsenal to attract new employees and strengthen the
loyalty of existing ones."
ESVPs: A Powerful Way to Attract, Retain, and Reward Employees
With Microsoft and Boeing as cornerstone clients, employeesavings.com
expanded the availability of its Employer Sponsored Value Plans (ESVP)
in July 1999, serving Fortune 1000 clients nationwide. ESVPs provide
employeesavings.com clients with a free, easy-to-administer benefit
that helps them recruit and retain quality personnel. Employees save
hundreds of dollars annually on brand name products and services that
are accessible through an employer-branded extranet site, a printed
catalog, or by using an employeesavings.com affinity card accepted at
participating retailers. employeesavings.com negotiates and administers
the plan for free to participating employers, and receives fees from
the retailers that market their products and services through the
program.
"With Benchmark Capital's support and the formation of our new
management team, employeesavings.com is poised to establish
employeesavings.com's ESVPs as a core benefit offered by successful,
forward-thinking companies," said Norman Behar, employeesavings.com
president and CEO. "We're looking forward to using this new round of
funding to aggressively market our program to the Fortune 1000 and to
further enhance our service offerings."
Seasoned Executive Team Lends Leadership and E-commerce
Experience
employeesavings.com's new executive team is made up of managers with
extensive Internet and e-commerce experience. Before joining the
Company, Norman Behar, the new president and CEO, was president and CEO
of Elekom, an e-commerce company which was purchased by Clarus
(Nasdaq: CLRS), a leading provider of business-to-business e-commerce
solutions. Prior to joining Elekom, Behar served as president and CEO
of Catapult, Inc., a provider of personal computer training services
for corporations, which was purchased by IBM. Before Catapult, Behar
served as senior vice president of corporate and government sales for
Egghead Software, where he grew sales to more than $300 million.
David Jacoby joins employeesavings.com as vice president of business
affairs. Before joining the Company, Jacoby served as vice president of
legal affairs for National Registry Inc. (Nasdaq: NRID), a software and
systems integration company specializing in electronic fingerprint
identification technology. Prior to that, Jacoby was an attorney with
the prestigious law firm Skadden, Arps, Slate, Meagher & Flom L.L.P in
New York.
Before joining employeesavings.com as vice president of product
marketing, Noah Tratt founded and served as president and CEO of the
Daily Rocket, the creator of the Investment Monitor, a portfolio
management system for online brokerage firms which was acquired by
Fiserv, Inc. (Nasdaq: FISV). Before founding Daily Rocket, Tratt spent
five years at Microsoft developing and executing marketing strategy in
the Excel, Office and Consumer groups. Tratt also developed the
business plan for Microsoft CarPoint, the leading consumer-oriented
site for car shopping and comparison.
About employeesavings.com
employeesavings.com was spun off in July of 1999 after being
developed two and a half years ago by employee incentive experts Blier
and Associates. The privately held employeesavings.com is the leading
provider of Employer Sponsored Value Plans (ESVPs) for Fortune 1000
corporations. ESVPs substantially increase the value of employers'
benefits programs by offering employees discounts and special offers on
a wide range of brand name goods and services including groceries,
sports equipment, cars, financial and insurance services, and more all
at no cost to employers. employeesavings.com negotiates exclusive and
significant discounts with retailers nationwide and handles all aspects
of plan administration. employeesavings.com is located in Bellevue,
Washington and can be found on the Internet at www.employeesavings.com.
About Benchmark Capital
Benchmark Capital was founded in 1995 with the mission of helping
talented entrepreneurs build major technology enterprises focused on
long-term growth. Benchmark takes a labor-intensive, team-oriented
approach to venture investing in order to deliver a superior level of
service to its portfolio companies. Benchmark's portfolio includes
franchise companies such as Ariba (Nasdaq: ARBA), Critical Path
(Nasdaq: CPTH), E-Loan (Nasdaq: EELN), eBay (Nasdaq: EBAY), Genesys
Telecommunications Labs (Nasdaq: GCTI), Northpoint Communications
(Nasdaq: NPNT), Red Hat (Nasdaq: RHAT), and Scient (Nasdaq: SCNT).
Managing more than $400 million in committed venture capital, Benchmark
focuses on early-stage investing in markets where the partners have
directly relevant experience. These markets include consumer devices,
eCommerce, application services, networking equipment, semiconductor,
software, and telecommunications services. For more information on
Benchmark, visit their Web site at www.benchmark.com.
Copyright (C) 1999 Business Wire. All rights reserved.
CONTACT: The Rockey Company
Erica Perez, 206/441-7160
eperez@rockey-seattle.com
or
employeesavings.com
Noah Tratt, 425/450-1028
noah@employeesavings.com
WEB PAGE: businesswire.com
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