Volume 7, Number 45,
November 14, 2002
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This Week's Contents:
1) NEWS ABOUT
1.1 But You Have To Bring Your Own
2) REGIONAL NETPRENEURS
2.1 A Commuting Slug-Fest
2.2 Digital Atlantic's Wireless
2.3 Audiopoint Brings Voice Email
2.4 Three Gateway Products From 3e
2.5 Round-up: Some Deals
......news from Ikimbo, ServicePower,
..........SureScript Systems, and InPhonic
3) FUNDING & FINANCE NEWS
3.1 Dough Raise Me
...... $33.4M for 3 local entrepreneurs
3.2 Life In The Food Chain
......AT&T Acquires Velocita
|||||||||||||||||||| 1. News About The Program
1.1 BUT YOU HAVE TO BRING YOUR OWN BADGE
Don't be daunted by the "registration is closed" sign on the
Netpreneur home page. Despite a high signup rate for tonight's
next-to-last Coffee & DoughNets, we're going to hold open the doors
for walk-ins to give as many people as possible the chance to hear
from special guest speaker, Rob Adams, founder of AV Labs, head of
Austin Ventures' bootcamp for entrepreneurs, and author of the new
book, "A Good Hard Kick In The Ass." C&D is tonight, November 14,
6:00 PM, at the Capital Hilton in DC. Don't miss it.
|||||||||||||||||| 2. Regional Netpreneurs
2.1 A COMMUTING SLUG-FEST
(Herndon, VA) NuRide launched its network for Northern Virginia
"slugs." What's a slug, you ask? Your editor@ had to ask as well.
Slugs are commuters who form ad-hoc ride-share car pools along the
I-395/95 corridor, getting rides with strangers in a quasi-formal
community, says NuRide CEO and serial entrepreneur Ric Steele.
Apparently it's been going on in DC since the '70s and almost 10,000
people do it a day. (Your editor@ is duly humbled.) NuRide operates
by selling trip sponsorships to retail businesses, which are then
used to pay individuals to commute. Members are awarded NuRide Miles
for each ridesharing trip -- up to 50 for each trip for drivers and
up to 25 for riders. Each NuRide Mile is worth $.01, and members are
also awarded entries into a weekly prize drawing. NuRide's goal is
to reduce traffic congestion and associated auto emissions by
encouraging more people to ride share. Advisors include former US
Secretary of Transportation Rodney Slater and former Virginia
Secretary of Transportation John Milliken.
2.2 DIGITAL ATLANTIC'S WIRELESS OPTICAL ETHERNET
(Leesburg, VA) Digital Atlantic debuted its Wireless Optical
Ethernet (WOE) product line, a laser-based system that provides
network designers and operators with a complement to fiber or copper
in the construction of indoor or outdoor Gigabit Ethernet links.
Digital Atlantic's patented "Cascaded Line-of-Sight" technology
allows many 50- to 300-foot links to be cascaded together. According
to the company, this overcomes the environmental and line-of-sight
limitations of other optical systems which can create only one
point-to-point link. The initial components of Digital Atlantic's
product line include Ethernet Optical Transceivers, Repeater
Modules, and Ethernet Switch/Routers. A full system deploys in days
and requires no licenses or approval by local authorities.
2.3 AUDIOPOINT BRINGS VOICE EMAIL TO CONSUMERS
(Fairfax, VA) Audiopoint, a developer of speech applications
technology, launched its enhanced email Voice Terminal Service (VTS)
which provides users with voice access to email through wired or
wireless phones. It works with standard protocols such as POP3 or
IMAP, and also supports more secure environments such as
Audiopoint's Voice Print authentication. Simple voice commands allow
full access to email through a toll-free phone number, including the
ability to reply to email by sending a recorded WAV audio file
attachment. The launch marks Audiopoint's offering of the service
directly to consumers, who could previously only sign up through
Audiopoint's reseller network of ISPs and businesses.
2.4 THREE GATEWAY PRODUCTS FROM 3E
(Rockville, MD) Three new products released by 3e Technologies
International, a provider of secure wireless networking solutions.
Its new 3e-522AW Wireless Access Point provides security and
centralized management of wireless LANs (WLANs) through a
relationship that integrates San Mateo, CA-based AirWave Wireless
Inc.'s Management Platform. 3e's new 522GW Wireless Gateway with
cable/DSL interface adds security with AES and 3DES encryption and
other features. Lastly, the company also released its 3e-710
Telephony Gateway, offering comprehensive voice, wireless, and wired
data networking and broadband access support.
2.5 ROUND-UP: SOME DEALS
(Herndon, VA) Ikimbo will integrate its real-time communications
solutions with Severna Park, MD-based Metastorm's business process
management software products. The combined solutions will help
enterprises better respond to time-critical events.
(Annapolis, MD) ServicePower has integrated its
optimization technology into Santa Ana, CA-based Pacific Decision
Sciences' customer service management product. The resulting system
helps companies improve the productivity of their field workers.
(Alexandria, VA) SureScript Systems and Gaithersburg-based InstantDx
will join their technologies and networks of pharmacies and
physicians in a partnership to expand the use of electronic
prescriptions. The alliance will facilitate physician/pharmacy
connectivity via any Internet-enabled device for the transfer of
prescriptions and renewals electronically, and facilitate direct
consultation between health care providers.
(Washington, DC) InPhonic announced a new deal to
operate and manage
an online wireless store at Microsoft's bCentral site for small
businesses, allowing users to select, purchase, and manage wireless
devices and service plans through bCentral.com.
Funding & Finance News ||||||||||||||||||
3.1 DOUGH RAISE ME
$6 million in a second round for Baltimore-based Bluefire Security
Technologies, a developer of security software for wireless devices.
The round was led by JK&B Capital, with participation by Walker
Ventures, the Maryland Angels Council, and the Maryland Department
of Business and Economic Development. Bluefire's Mobile Firewall
Plus is a mobile firewall, intrusion detection, and integrity
monitoring system specifically designed for handheld devices.
$9.4 million in a third round for Dulles-based
Intersect Software, a
provider of solutions for engineering management. The money comes
from Bessemer Ventures, BlueStream Ventures, and Columbia Capital.
Intersect's CrossPoint product is an enterprise software application
that helps companies operate their engineering and R&D groups more
efficiently by reducing the time they spend on administrative tasks
such as report writing, status meetings, phone calls, and emails.
$18 million in a second round for Dulles-based
SkyBitz, a provider
of tracking and data communication services. The money comes from
AIG Highstar Capital and Industrial Technology Ventures. SkyBitz
uses Global Locating System (GLS) technology, which the company says
is superior to the Global Positioning System (GPS) when used for
tracking and monitoring applications. The GLS technology is a
satellite-based tracking and communication service for North America
that was originally funded by the Defense Advanced Research Projects
Agency (DARPA). SkyBitz is initially applying it to help
transportation companies better manage their assets, including truck
trailers, rail cars, and cargo containers.
3.2 LIFE IN THE FOOD CHAIN
-- AT&T Acquires Velocita
(Falls Church, VA) AT&T acquired the assets of bankrupt Velocita,
including its national fiber-optic network which AT&T had hired
Velocita to build. The $37 million deal includes $2 million in cash
and $35 million in stock, considerably less than the $350 million
that the network was originally contracted for. AT&T will build out
the remainder of the 20,000-mile network, which is nearly complete.
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