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

To: kemble s. matter who wrote (155015)	3/13/2000 10:00:00 PM
From: calgal	Respond to of 176387

Kemble: RE: "If ya know Michael...He doesn't hype unless he's got the ammo..." I know you had a GREAT day! Michael is hitting the target. I don't think he is into hype either! I just read this on AOL. Although this relates to MSD Capital, it is still interesting. And, Kemble, there are more pieces to this puzzle than I can fathom (sp?). Your faith and persistence are paying off. Go Dell! :)Leigh Insight Capital Partners, MSD Capital Join Forces to Fuel Cadence's Growth Energy B2B E-Commerce Company To Take Its Cost-Reduction Services to New Level CINCINNATI, March 13 /PRNewswire/ -- Cadence Network, Inc, the largest B2B e-commerce provider of facility and energy cost-reduction services for multi- site enterprises, announced today that it has closed a significant round of funding to support continued growth and to broaden its array of cost-reduction solutions. Insight Capital Partners, a global private equity firm, led this strategic investment with additional investments from MSD Capital, the private investment firm for Michael Dell. Cadence will use the funds to advance the scope and reach of The Cadence Network(TM), the company's facility cost-reduction portal, and maintain its leadership position in the B2B essential-services marketplace. To date, The Network has changed the way multi-site enterprises manage their essential services by providing a single, consolidated view of how and where they spend their energy and facility dollars. Cadence is now influencing over $3 billion in facility spend at over 60,000 individual customer locations throughout North America -- including 20% of all stores found in the average U.S. mall. "We are very proud of our tremendous growth over the last year," said Mark Shunk, Cadence President & CEO. "This funding will expedite our vision of building an essential-service, cost-reduction marketplace for multi-location enterprises that delivers knowledge and services at the moment of greatest impact." "We are thrilled to be working with Cadence at such an exciting time in the company's development," said Jeffrey Horing, General Partner, Insight Capital. "Cadence has truly raised the bar for the level of information and savings the multi-site enterprise can achieve in managing their essential facility costs." Since its inception in 1997, Cadence flourished by demonstrating the power of web-based technology to help national chains better manage their fragmented facility costs. The Cadence Network web portal quickly grew from 2,600 to more than 60,000 locations in 13 months. Frost & Sullivan recognized Cadence's growth & market success in late 1999 by awarding them the Service Innovation Award for their ability to adopt new technology and make significant contributions to the energy management services market. "We feel that Cadence's people, processes and vision will place them in a position to be one of the most dominant B2B energy and facility-service hubs," added Horing of Insight. Insight Capital Partners and MSD Capital join Cadence's current investors that include Cinergy Corp., Florida Progress, and New Century Energies. About Insight Capital Partners Insight Capital Partners is a global private equity firm that invests in the business-to-business and related software infrastructure segments of the information technology markets. With offices in New York and Amsterdam, Insight has taken a global approach to e-commerce investing in a market where speed, domain expertise, and the ability to execute are the foundations of success. More information on Insight is available at insightpartners.com . About MSD Capital, LP MSD Capital is a private investment firm that engages in a broad range of activities, with a strong emphasis on technology companies. More information about MSD Capital can be found at msdcapital.com . About Cadence Cadence is a B2B e-commerce company that specializes in facility and utility cost-reduction services for national chains. The Cadence Network currently impacts the essential-service purchases of over 60,000 individual locations in North America in a variety of industries including retail, grocery, hospitality, financial services and restaurants. For more information on Cadence, visit their website at www.cadencenetwork.com or call 513-763-3112. SOURCE Cadence Network, Inc. CO: Cadence Network, Inc.; Insight Capital Partners; MSD Capital ST: Ohio IN: CPR MLM REA SUP OIL SU: 03/13/2000 08:54 EST prnewswire.com