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Non-Tech : Ashton Technology (ASTN)

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To: Dale Baker who wrote (3343)2/16/2000 9:14:00 AM
From: Nanchate  Read Replies (1) of 4443
 
Gomez Advisors Raises $30 Million in Venture Funding

LINCOLN, Mass., Feb. 16 /PRNewswire/ -- Gomez Advisors, a leading portal provider for business-to-business and business-to-consumer e-commerce, announced today that it has raised approximately $30 million in third-round financing. Robertson Stephens acted as placement agent in the offering.

Investors in the offering include BancBoston Ventures, Inc. as lead investor, Softbank, HarbourVest Partners, Dolphin Communications Partners, John Hancock Global Technology Fund, West End Venture Partners, and a private investor group led by Boston financier Paul Palandjian. Capital raised will be allocated toward Internet technology investments, increased staffing, and the launch of a national strategic marketing and advertising campaign.

"We are very pleased that this infusion of funding validates our rapidly growing business model to become the Internet's foremost and most profitable portal provider for B2C and B2B e-commerce," said Julio Gomez, CEO. "This is a leap forward for us as well as the consumers and businesses who rely on Gomez Advisors, Gomez Pro and Gomez.com."

About Gomez Advisors

Gomez Advisors is a leading portal provider for B2C and B2B e-commerce, and is recognized as an authority in online finance and commerce.

Gomez.com, viewable at www.gomez.com, is a leading B2C e-commerce portal. Its nationally recognized ratings, news, and tools promote informed online purchasing decisions. Gomez.com currently provides content, tools, and other forms of decision support to consumers in over 25 different industries.

GomezPro, viewable at www.gomezpro.com, is a leading B2B e-commerce portal. GomezPro currently offers real-time data, tools, and analysis to Internet professionals on over 800 e-commerce companies in over 25 different industries. GomezPro has been adopted by over 60 leading e-commerce companies as their B2B e-commerce portal.

Gomez.com, Gomez Advisors, Scorecard, GomezWire and GomezPro are trademarks of Gomez Advisors, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.

SOURCE Gomez Advisors

CO: Gomez Advisors; Gomez.com

ST: Massachusetts

IN: REA MLM FIN

SU: OFR

02/16/2000 07:01 EST prnewswire.com
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