2. DIDAX IN DEAL WITH AUTO-BY-TEL
(Chantilly, VA) Didax Inc. has signed a contract with Irvine, CA-based
Auto-By-Tel, the largest automobile purchasing program on the Internet. The
agreement will permit Auto-By-Tel to sell through the Marketspace on
Didax's Christian Community Network site. Auto-By-Tel provides one-stop
shopping for consumers to buy, lease, finance and insure new and used cars
via the Internet. Didax will receive a fee from Auto-By-Tel for each
request that is submitted through its site.
Christian Community Network: http://www.Christcom.net
1. WHO'S BRINGING WHO TO THE NET?
LOGEX International, LLC, (http://www.logex.com) of Potomac, MD, has
designed and developed an online store for Back to Basics Toys
(http://www.backtobasicstoys.com), one of the nation's leading classic
and educational toy catalogs.
New Connections, Inc. (http://www.newc.com) of Rockville, MD,
recently launched two new sites for Sheppard Pratt Health System
(http://www.sheppardpratt.org) and Suburban Hospital
Funding & Finance News
1. TECHBOOKS CAPTURES $2 MILLION VIA GRUBSTAKES
Following TechBooks presentation at a recent Century Club Grubstakes
Breakfast, McLean, VA-based Blue Water Capital made a substantial
investment in the company. According to Blue Water Capital Managing
Director, Henry D. Barratt, Jr., "Had it not been for our attendance at the
Grubstake meeting in February, we would not have been aware of TechBooks or
their desire to raise capital. We have invested two million dollars in the
company, and continue to be very pleased with the investment and its future
prospect for growth. We currently are raising a $100 million fund which we
will likely invest in many other companies in the region." Grubstakes
Breakfasts provide a forum for young companies who are looking for $250,000
- $1 million to make presentations to potential investors, strategic
alliance partners and customers. Headquartered in Fairfax, VA, TechBooks
offers a range of composition, SGML conversion, CD-ROM and Internet
services for publishing organizations.
For more info on Grubstake, Blue Water Capital and other funding sources:
2. AXENT AND RAPTOR AGREE TO MERGE
(Rockville, MD) Security companies AXENT Technologies, Inc. and Waltham, MA-
based Raptor Systems, Inc. have signed a definitive merger agreement. AXENT
will offer 0.8 shares of its common stock for each outstanding share of Raptor's
stock. AXENT expects to issue approximately 12.8 million shares to Raptor
stockholders and option holders, resulting in a transaction value of
approximately $250 million. The merger agreement has been approved by the
respective Boards and is expected to close within 90 days. The combined
companies will operate as AXENT Technologies, Inc.
3. TRW TO BUY BDM INTERNATIONAL
(McLean, VA) Cleveland, OH-based TRW Inc. has agreed to buy BDM
International Inc. in a deal valued at about $1 billion or $29.50 a share.
TRW and BDM did not disclose details of how the deal came together, except
to say they saw growth opportunities in defense, civil and commercial
markets for both companies. No job cuts are expected from the acquisition.
1. REDMON GROUP FEATURED IN MULTIMEDIA MAGAZINE
(Alexandria, VA) Redmon Group, Inc. is featured in this month's issue of AV
Video/Multimedia Producer Magazine in a 10-page article on the seven-year
old firm. The Redmon Group is a multimedia creation company and developer
of internet applications, CD-ROM titles, computer-based training and kiosk
systems. Clients include Discovery Channel, IBM, Bell Atlantic, Lucent
Technologies, TRW, PRC, Blue Cross/Blue Shield and Fairfax County.
Redmon Group: http://www.redmon.com
2. SAFENET CERTIFIED AS STRONGEST SECURITY
(Baltimore, MD) Information Resource Engineering (IRE) Inc., provider of
the SafeNet Internet security system, has been certified by the Federal
Government as providing the strongest certified Virtual Private Network
(VPN) security system available. IRE says that it is one of the few
companies in the world with a FIPS 40-1 certification and the only company
with a Level 2 certification for a Virtual Private Network (VPN) encryptor.
According to the National Institute of Standards and Technology (NIST),
FIPS certification is desired for all current and future government
purchases of VPN security devices.
1. NET BUSINESS PILOT TO BEGIN IN MONTGOMERY COUNTY
(Bethesda, MD) The Greater Bethesda-Chevy Chase Chamber of Commerce
(GBCCC), NeuroSystems, Inc. and CommerceNet of Palo Alto, CA, announced the
launch of a pilot program that will help small and mid-sized firms conduct
business over the Internet. The GBCCC was selected to launch the initiative
due to its strong Internet infrastructure which was developed by
NeuroSystems, Inc. The program encompasses education, development and
implementation of Internet-based electronic commerce solutions tailored to
small and emerging businesses. At the initiative's kickoff meeting, Don
Evans, Director of Information Technology and Telecommunications for
Montgomery County, pledged the county's support for the pilot and expressed
interest in integrating county initiatives for digital signature standards
and government procurement, as well as distance learning applications being
developed by Montgomery County Community College. Local businesses
attending the kickoff meeting represented diverse industries, including
advertising, healthcare, associations, technology, government organizations
and publishing. Pilot technology partners include Xerox, Digital Commerce,
GovCon, Inc. and NDS America, Inc.
2. DC IS ON THE CUTTING EDGE OF TECHNO-SPORTS
(Washington, DC) With the opening of the MCI Center, Washington now boasts
the most technologically advanced arena environment, courtesy of MCI.
Tenants are serviced by MCI's arenaNet, including 10 and 100 MB network
ports to link point-of-sales and novelty systems with their main office.
arenaNet also provides tenants with Internet access, intranet capability,
LAN/WAN systems, email and office systems support, security and additional
services that each tenant can tailor to their own needs, including desktop
support, intranet development, Web development and Web hosting services.
MCI says it is the fastest and most complete network service ever available
in any sports facility. The most glamorous applications at the Center are
the nine planned Attraction Zones where visitors can interact with famous
sports figures via technology. "H-O-O-P-S," for example, is a
techno-version of the street game H-O-R-S-E in which visitors can compete
against a friend or video version of an NBA superstar in a regulation-size
basketball key. The baseball-themed Zone pits visitors against the greatest
pitchers in baseball history, brought to life via rear projection imagery
inside a 60-foot batting cage. Other Zones allow hockey fans to use a
regulation hockey stick to take shots against a virtual goalie or test
quarterbacking skills by leading a team of 11 computerized players.
MCI Center: http://www.mcicenter.com
3. DC LINUX USER GROUP INVITES NEW MEMBERS
DC Linux User Group (DC LUG) is a forum for people interested in the Linux
environment. Linux is an operating system providing very-low-cost server
environment with complete built-in WWW/Internet services, development
environment, etc. One of the most heavily used Internet databases,
DejaNews.com, runs on Linux, as well as many small and not-so-small ISPs.
DC LUG's charter is to promote sharing of knowledge and experience in
setting up and running Linux systems. Everyone is invited to its monthly
meetings, mailing list/newsgroup discussions and other events, such as
periodic Linux installation and configuration clinics.
DC LUG: http://www.tux.org
Linux information: http://www.linux.org
For more information on these and other regional events of interest to
netpreneurs and funders, visit the Netpreneur Exchange calendar at
Dec. 8-------FED OOTS Object/Internet Bootcamp
Dec. 9-------Doug Humphrey's Internet Triple-Header
Dec. 9-------Navigating an IPO
Dec. 9-------Future Trends in Venture Capital and Technology
Dec. 11-----Protecting Privacy in the Information Age
Dec. 15-----Conf. on Scientific & Tech Data Exchange and Integration
Dec. 16-----WashTech Executive Breakfast: Internet/Intranet
Dec. 16-----MIT Enterprise Forum Entrepreneur's Holiday Party
Dec. 18-----Building the Management Team in Emerging Companies
Dec. 19-----Netpreneur Program Coffee & DoughNets