Enterworks Completes $25 Million Private Funding Round; Company Provides Flexible Framework for Powering Enterprise Portals and E-marketplaces
ASHBURN, Va.--(BUSINESS WIRE)--Jan. 11, 2000--Enterworks(SM), Inc., the leading provider of dynamic cataloging and process automation solutions for enterprise portals and e-marketplaces, today announced that it has successfully completed a $25 million round of private funding from several leading institutional investors. General Electric Pension Trust, which is managed by GE Investment Corporation, was the lead investor. Other investors include Chartwell Capital Investors II, L.P., Jefferies & Co., Inc., J. & W. Seligman & Company, and Tudor Investment Corporation. Deutsche Banc Alex. Brown served as the exclusive placement agent for this funding. Enterworks will use the funds for sales and marketing, research and development, and general business purposes.
About Enterworks
Enterworks(SM), Inc., develops and markets software for the dynamic cataloging and business process automation that drives enterprise portals and e-marketplaces. The company's advanced solutions improve time-to-market for customers in healthcare, manufacturing, government, financial services, and telecommunications worldwide, including Boeing, IBM/Tivoli, MCI, and the Department of Defense. For additional details about Enterworks and its solutions, visit www.enterworks.com or call 1-888-242-8356. |
