To: Brooks Jackson who wrote (1274 ) 1/24/1998 3:44:00 PM From: pat mudge Respond to of 8545
[competition?] Brooks and all -- This is an old press release, but the list of companies working with Daleen is intriguing. Do you know if this is a competitor or a company with complementary products? I notice when they list telcos, they refer to past business, not present. Just curious. Pat <<< For immediate release (September 18, 1997) Daleen Technologies, Inc., a software development company specializing in Billing and Customer Care solutions, announced that it has completed a private placement of its convertible preferred stock with HarbourVest Partners, L.L.C. (formerly Hancock Venture Partners), headquartered in Boston, Massachusetts. The total proceeds from the investment by HVP were $7.5 million initially. In addition, Ofer Nemirovsky, Managing Director of HarbourVest, was elected to the Board of Directors of Daleen. The Company will use the investment proceeds for working capital, to expand its sales and marketing, development and professional services staff, and to repay debt. Daleen Technologies is a Boca Raton, Florida-based company that develops software products and services for the rapidly-growing Billing and Customer Care industry. Its flagship product, BillPlexT, is a state-of-the-art convergent billing and customer care solution for telecommunications companies and communications providers. Daleen markets its products through its Business Alliance Partners, including Unisys, IBM, Tandem, NCR, Black and Veatch, ENA, GLA International, and others. During the past decade, Daleen has successfully developed and implemented leading-edge solutions for major telecommunications companies, including Ericsson Telecom, Siemens, 3M, AT&T Wireless, and NEC. Additional information regarding Daleen's products and services can be found at Daleen's World Wide Web site at daleen.com . In addition to Boca Raton, Daleen has offices in Boston and Dallas. HarbourVest has invested in numerous software companies, including Marcam Corporation, Manugistics, Inc. and Walker Interactive Systems. HVP was established in 1982 and is now one of the largest private equity investment firms in the world, managing assets of approximately $3.5 billion. HVP has offices in Boston, London and Hong Kong.