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Netpreneur News
Volume 7, Number 11 - March 14, 2002

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This Week's Contents:

      1.1 VC Confidential
      2.1 3e's Wireless Gateway
      2.2 Veridian's Security Audit Tool
      2.3 Site For Digital Photography Fans
      2.4 StarBand's Internet For Small Biz
      2.5 COMTEX Expands To Europe
      2.6 Round-up: Quick Hits
      ...... news from, InHand, Plesk,
      .......Cyracle, TFS, Blue Atlas, and Core Communications

      3.1 Dough Raise Me
      ......Nothing to report

      3.2 Life In The Food Chain
      ......Convera Acquires Semantix Acquires Nx Assets

      3.3 Apply For Capital Connection
      4.1 Women in Technology Leadership Awards
      5.1 VA Biotech/Bioinformatics Incubator Coming
      5.2 DC Ranks In Top 5 For Software Employment
      ...... news about people at InforMax, Reliacast, and Cycomm

|||||||||||||||||||| 1. News About The Program ||||||||||||||||||

Maybe you've noticed that the rules of early-stage funding have
changed for entrepreneurs lately. There's a reason for it -- they've
changed for VCs as well. To get money, you must understand how
investors are making their decisions today. So, hush hush and on the
QT, this month's C&D brings you a sneak peak behind closed doors
for "VC Confidential: Understanding What Drives Venture Capital
Investing." A panel of insiders, including John Burke of ABS
Ventures and Jack Biddle of Novak Biddle Venture Partners, will
candidly discuss the dynamics of their industry and what drives VC
investing, including the processes and pressure points that affect
their decision-making. C&D will be Wednesday, March 27, 7:00 am,
at the Cineplex Odeon Tysons Fairfax Square theater (across from
Tysons Corner). Sign up now.

|||||||||||||||||||| 2. Regional Netpreneurs ||||||||||||||||||

(Rockville, MD) 3e Technologies International released its 3e-520I
Wireless Gateway, an industrial-grade gateway solution that
incorporates a modular architecture to support LAN and WAN
requirements, both wired and wireless in one device, including IEEE
802.11b, LAN, WAN, USB, HPNA, IrDA, Bluetooth, and broadband
(Cable, xDSL and fiber) networking technologies. (Got that? Good.
Here comes more.) It offers 4.8 Mbps throughput performance with
128 bit WEP encryption enabled, and delivers increased security
with 802.1x authentication.

(Arlington, VA) Veridian released a software tool for beta
evaluation that help speed security audits for systems using Sun
Microsystems Trusted Solaris TM 8 (TSOL 8) operating
environment. Called Trusted Network Environment Audit Reduction
Tool, it enhances TSOL 8's auditing functions by providing a window
interface that offers rapid retrieval and display of audited
activities. It allows computer security officers to select any
combination of more than 1,000 events that TSOL 8 software has
flagged and to query audit logs to see what caused the security
software to react.

(Annapolis, MD) is a website dedicated to digital
photography and users of digital cameras. In addition to its daily
digital photo contests, Shutterline now hosts a discussion forum
frequented by experienced members who offer advice and help to
newbies. Experienced photographers can also post articles, tips, and
tutorials. Shutterline also recently launched its Digital
Photography Store, a new service that helps visitors find and
purchase the right digital camera.

(McLean, VA) StarBand, a provider of high-speed Internet services
via satellite, debuted a new service targeting small business
owners. It features two services that bundle network-sharing
software enabling up to three or five office users to share Internet
access simultaneously, support services to help small businesses run
more efficiently, virtual private network capability, static
internet protocols, business Web pages, email accounts, and
commercial grade equipment installation.

2.5 COMTEX Expands To Europe
(Alexandria, VA) COMTEX News Network announced its first move into
Europe with the formation of a new subsidiary, nFactoryCOMTEX S.L.,
which will offer real-time news products to the European reseller
and corporate markets. The company has acquired selected senior
management and assets from Madrid-based nFactory S.L.. COMTEX
produces real-time custom news products that are used in websites
and online financial and business information services.


(Washington, DC) The Pharmaceutical Research & Manufacturers of
America (PhRMA) launched, a new website offering news and information on bioterrorism preparedness in America.

(Rockville, MD) InHand Electronics introduced a new version of its
Elf handheld platform, the Elf2. The new version incorporates
advanced wireless technologies such as a Bluetooth transceiver and a
GPS receiver.

(Chantilly, VA) Plesk released Version 2.5 of its  Plesk Server
Administrator, a Web-based software product that automates the
administration of UNIX and Linux Web servers. New features include
multilingual support.

(Reston, VA) Cyracle Technologies released Version 3.0 of its Web
Service product that allows users to create customer self-service
centers on their websites.

(Manassas, VA) TFS Technology released Version 4.72  of its TFS
Secure Messaging-Server. Enhancements include expanded anti-spam

(Rockville, MD) Software development firm Blue Atlas Interactive and
Reston-based Office Remedies, a provider of office automation
services, are teaming to offer traditional and online survey
services to clients.

(Annapolis, MD) Core Communications, a Competitive Local Exchange
Carrier (CLEC), has installed a microwave-fiber link that it says
will bring increased broadband connectivity to rural and underserved
areas of western Maryland. The company provides small- to
medium-sized ISPs in the Mid-Atlantic region with broadband
connectivity and managed modem services.

|||||||||||||||||||| 3. Funding & Finance News ||||||||||||||||||


Nothing to report.


-- Convera Acquires Semantix
(Vienna, VA) Convera announced that it has acquired Montreal-based
Semantix, a software development company that specializes in
cross-lingual processing and computational linguistics technology.
Convera says that the acquisition will broaden the linguistic
capabilities of its RetrievalWare search and retrieval technology,
especially in the areas of cross-lingual search. Semantix becomes a
wholly owned subsidiary of Convera under the name Convera Canada
Inc., and will function as a R&D center.

-- Acquires Nx Assets
(Frederick, MD) Data networking company has acquired the assets of Herndon-based Nx Networks, a VoIP solutions provider that filed for bankruptcy last November. According to Washtech, nsgdata paid approximately $4.6 million for the assets, including Nx's line of voice and data gateway switches and routers. Richard Yalen, CEO of Nx Networks, will become CEO at nsgdata.

(Washington, DC) The Mid-Atlantic Venture Association (MAVA) is now
accepting applications to present at its annual venture fair,
Capital Connection, which will be held in DC on May 28-29. MAVA is
looking for "particularly strong companies in the biotech, optics,
wireless, B2B, communications, eCommerce, financial services, health
services/life sciences, infrastructure, IT, software, and
semiconductor sectors located in the Mid-Atlantic region." Nominated
companies should be seeking seed, early stage, or later stage growth
financing from institutional venture capital funds. The final
deadline for applications is April 4, and there is no cost to apply.
Application forms and background information are available online.

|||||||||||||||||||| 4. Opportunities & Resources ||||||||||||||||||

(McLean, VA) Women in Technology (WIT) is seeking nominations for
its third Annual Leadership Awards to recognize individuals for
their outstanding leadership and accomplishments in the areas of
mentoring, entrepreneurship, and technology. Winners are awarded
from a field of nominations submitted from the public and private
sectors, in categories such as telecom, IT, health care, other
technology arenas, media, finance, legal, or other similar areas.
The awards will be presented at a dinner ceremony in Tysons Corner,
VA, on May 16. Act fast, however, because nominations are due by
tomorrow, March 15. The nomination form is available online at the
WIT site.

|||||||||||||||||||| 5. Regional News ||||||||||||||||||

(Fairfax County, VA) The Fairfax County Economic Development
Authority (FCEDA) has leased space in a Springfield building that
will house northern Virginia's first technology incubator geared to
early-stage biotechnology and bioinformatics companies. The
incubator is expected to open in mid-2002 once the space is built
out. FCEDA has contracted with technology management company ANGLE Technology Group to develop and manage the incubator and to provide business development services for client companies.

5.2 DC Ranks In Top 5 For Software Employment
(Washington, DC) Washington, DC came in fourth in a list of the top
25 metropolitan areas for software-related employment in 2000,
according to analysis of Bureau of Labor Statistics data by the
Software & Information Industry Association (SIIA). The
Boulder-Longmont area in Colorado repeated for the third year in a
row as the leading area for software employment relative to
population, followed by San Jose and San Francisco, CA. SIIA says
that some of the "surprise" cities on the list of 25 benefit from
specific companies located there, such as IBM and SUN in
Boulder-Longmont, and Gateway Computers in Sioux Falls, SD.
Occupations included in calculating software employment are:
programmers, software engineers, systems analysts, database
administrators, network administrators and analysts, and support
specialists. Rankings were based on the number of software-related
employees divided by area population, relative to the ratio for the US as a whole.

|||||||||||||||||||| 6. Who'sware  ||||||||||||||||||

(Bethesda, MD) InforMax, a provider of life science informatics
solutions, named Andrew Whiteley as Chairman, CEO, and President. He was most recently VP of Bioinformatics at Amersham Biosciences.

(Herndon, VA) Reliacast, a provider of audience management and
measurement solutions for streaming media communications, named
Ranjit Singh as President and CEO. He was most recently President
and COO of ContentGuard.

(McLean, VA) Cycomm International, a manufacturer of ruggedized
mobile computer systems, named James Bland, III as President and
COO. Former President Albert Hawk continues as CEO and Chairman.

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Netpreneur News is copyright 2002, Morino Institute, all rights reserved. The information contained here has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. It is provided "as is" and your use is at your own risk.

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