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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: manito888 who wrote (133643)	6/21/1999 2:02:00 PM
From: KS	Respond to of 176387

June 21, 1999 13:56 Lante gets financing from group including Dell CHICAGO, June 21 (Reuters) - Lante Corp., an electronic commerce services provider, said Monday it has received $25 million in financing from an investor group comprised of Chicago investment firm Frontenac Co., computer maker Dell Computer Corp. and members of Lante's advisory group. Lante said the funds will be used for expansion of its infrastructure to support rapid growth, for advertising and promotion and for possible acquisitions. "Lante is an attractive investment opportunity for Dell," said Alex Smith, vice president of Dell's business-development group. "And leading e-business consulting capabilities are increasingly important to Dell and to our customers." Dell Computer is the world's leading direct computer systems company, based on revenues of $19.9 billion for the past four quarters. Chicago-based Frontenac makes private equity investments in companies providing information technology services, consumer and industrial, and health care services. The firm's current fund, Frontenac VII, was formed in 1997 and has $300 million of equity capital. In another development, Lante said that Rudy Puryear, an Andersen Consulting Global Managing Partner -- eCommerce, was named as president and chief executive officer, effective in July. Mark Tebbe, who founded the company in 1984 and previously served in this position, will remain chairman newsalert.com