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To: TLindt who wrote (5449)6/29/1998 2:33:00 AM
From: pat mudge  Respond to of 8545
 
You CAN quote me on that..................write it down

Now, wait a minute. I said I'd be historian for the trip. Not even Boswell could keep track of this thread. <g>

Pat



To: TLindt who wrote (5449)6/29/1998 7:29:00 AM
From: Benny Baga  Read Replies (1) | Respond to of 8545
 
Michigan E-Bill Presenter Attracts $5.8M Investment

June 29, 1998

American Banker : Venture capitalists' interest in the
emerging electronic bill presentment field is benefiting
BlueGill Technologies Inc.

Menlo Ventures of Menlo Park, Calif., and Morganthaler
Ventures of Cleveland invested $2.5 million each in the
Ann Arbor, Mich., software company. Two private
investors put in another $800,000.

BlueGill, formed in 1996, is one of many software
developers and processors pursuing a market that
Menlo Ventures partner Mark Siegel said could generate
$1 billion of business in a few years.

He rated BlueGill "the market leader" because of
"customer feedback more than anything else. People
were incredibly satisfied with what they have."

BlueGill's software is for large-company billing
operations. The system extracts relevant customer data
from a mainframe system and can deliver it to any
location through the Internet.

The software is used by American Express, Ameritech,
and Pacific Bell. Mr. Siegel said BlueGill has
relationships with IBM, Electronic Data Systems Corp.,
and M&I Data Services.

The company's founder, Hal Davis, is a former employee
of Interface Systems, a maker of printers for IBM
computers.

He has established alliances with participants in the
nascent presentment industry such as Checkfree Corp.,
Intuit Inc., Princeton Telecom, and the Microsoft
Corp.-First Data Corp. joint venture MSFDC. Copyright
c 1998 American Banker, Inc. All Rights Reserved.
americanbanker.com