cnbc.com
Hi Kemble! Another investment for Dell. :)Leigh
4/26/00 - Interelate Named to dbusiness "50 to Watch" List
MINNEAPOLIS, Apr 26, 2000 (BUSINESS WIRE)
List highlights 50 of the most dynamic, emerging private and public small-to-medium cap companies in 18 national markets
Interelate, the first and leading business analytics application service provider (ASP), announced today it has been listed on dbusiness.com's second quarter 50 to watch list as a fast moving company with an influential business model. The 50 to watch list highlights emerging companies that are defining new standards, have attracted substantial amounts of venture capital investment and are developing products and services that will significantly impact and change business.
The dbusiness.com 50 to watch list is developed by the company's reporters and editors who research lists of private and publicly held emerging companies. They are seeking companies that have attracted substantial venture capital, have strong management and are building new markets in fast-moving industries.
"Our listing on the dbusiness.com 50 to watch list is a strong confirmation and recognition of our business model and our rapid growth," said Wade Myers, chairman and chief executive officer, Interelate. "Interelate has a unique market position as the first and dominant provider of sophisticated, value-added business analytics via an ASP platform," Myers said. "We foresee enormous growth in the customer relationship management market, and Interelate can provide the solutions and expertise through our world-class analytics data center faster and more cost-effectively than the average in-house corporate effort."
Interelate, which was founded in July 1999, was the first ASP to offer a Web-based business analytics service. The company's rapid growth and leading position in the marketplace was recently fueled by a third round of financing worth $25 million, which was lead by Goldman Sachs, and included investments by Dell Computer Corporation, Marquette Bancshares, and William E. Simon & Sons Private Equity.
"As part of our commitment to provide the most comprehensive local business-to-business news coverage, the 50 to watch list is comprised of dynamic companies that have positioned themselves for tremendous growth over the next three months in their markets," said Tom Maffettone, chief executive officer, dbusiness.com. "These fast-moving companies are changing the economy and have the potential to grow their business, be it through additional venture funding, an initial public offering or acquisition."
ABOUT dBUSINESS
dbusiness.com is the leading Internet provider of local business intelligence, including news, e-commerce services, business tools, and investment and research resources for small businesses. Through its 18 local business destination sites in major markets across the United States, dbusiness.com is the nation's only comprehensive business resource tool for small businesses.
Visit www.dbusiness.com for breaking local news and in-depth local coverage of 18 major markets across the United States.
ABOUT INTERELATE
Interelate is the first and leading business analytics service provider (ASP). Interelate's fast and innovative Web-delivered business service enables clients to increase sales and profits by providing ongoing business insight for a monthly fee without any investment in expensive IT infrastructure, people or processes. Interelate's world-class analytics service retrieves customer and operational data from client computer systems and combines it with relevant third-party information using the most advanced packaged analytic software and leading analytics experts.
Interelate's partners include EMC, Dell, Sun, Oracle, Microsoft, E.piphany and Acxiom.
Headquartered in Minneapolis, Minnesota and with offices in Atlanta, Boston, Chicago, New York and San Francisco, Interelate can be reached by calling (612) 852-3900 or at www.interelate.com.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
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CONTACT: Interelate, Minneapolis Pieter Schouten (612) 578-7119 pschouten@interelate.com or Fleishman-Hillard for Interelate Ken Kadet/Sarah McNeil (612) 337-0354 kadetk@fleishman.com mcneils@fleishman.com
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