单位.网 AG Closes Second Round Financing

单位.净盈利率(www.单位.网), which raised CHF 4 million (Euro 2.6 million) in its first round of financing in October 1999, announced the initial closing of a CHF 17.3 million (Euro 11.4 million) second round financing. Investors include Part'Com, Belgacom Multimedia Ventures and Holland Venture, which invested in the first round as well.

The proceeds from the current round of financing will be used for 单位.网's European expansion as well as the development of new applications for the company's corporate and media customers, which include Credit Suisse Group, 诺华制药, Aventis and General Motors, as well as the World Trade Organization (WTO) and the International Labor Organization.

单位.网, which is headquartered in Zurich, with subsidiaries in Germany, 法国, Italy and Spain, services the market for corporate communications through its press and investor relations solution Conference IT. The company has also teamed with 网work Appliance to offer streaming applications for corporate intra网s, a solution branded Internalise IT.

"We are on track to become Europe's Number One platform for the provision of high quality streaming media services," says Andrea Cappellari, CEO of 单位.网. "The rapid expansion beyond Switzerland to four other countries proves the scalability of our business model while establishing ever higher quality standards in service delivery. The simplicity of our signal acquisition and streaming application integration capabilities, coupled with a powerful global distribution 网work supported by our relationship with Activate, a majority-owned operating company of CMGI, 公司., gives our clients the full benefits of streaming media, without burdening themselves with technology. We make streaming simple, reliable and seamless."