|
eMikolos P2P Distribution Networks Receives $4.5 Million in Equity Investment
Israel Seed Partners and previous investors back eMikolos P2P Distribution Networks
NY--Oct. 22, 2000-eMikolo.com, Inc., the leading provider of P2P content distribution networks for the Last Mile announced that it raised $4.5 million from Israel Seed Partners and leading Internet executives including Craig Donato, former Senior Vice President at Excite @home (Nasdaq:ATHM).
Michael Eisenberg of Israel Seed joined the Board of eMikolo.
Emikolo has developed a set of industry transforming technology platforms and infrastructure which stand poised to significantly enhance the price performance of network services for broadband and rich media delivery," explained Michael Eisenberg, General Partner at Israel Seed. Even in a tough equity market, there are breakthrough technologies and teams which warrant early backing. This round should reinforce eMikolos status as the market leader in this large and important new space," Eisenberg said.
Moshe Raines, eMikolo CEO, added, This investment will help us accelerate deployment of our P2P networks for the Last Mile, enabling us to serve the many new customers who want our faster, more flexible and affordable rich media delivery and distribution services. We are thrilled to have Israel Seed on board. Their enthusiastic response is a tribute to the outstanding execution of the entire eMikolo team, which has put us ahead of the competition creating real distribution networks that provide real solutions to real customers."
About eMikolo:
eMikolo Inc. is a leading Internet infrastructure provider offering end-to-end network services from its proprietary eMikolo Channel Management and Distribution System (CMDS) for advanced content distribution and delivery. Through its unique CMDS, eMikolo facilitates the distribution of digital content between content providers and their retail partners (i.e., high-traffic Internet Web sites, as well as Web hosting providers, including application service providers (ASPs) and Internet service providers (ISPs). Server appliances for these target markets are expected to grow at a CAGR of more than 65% between 2000 and 2004.). eMikolo solutions enable content owners, distributors, and new media companies to deliver and manage the most demanding Content Peering, PeerCasting, and peer-to-peer services. eMikolo products are differentiated by their: (1) proprietary computer architecture; (2) integrated remote management software; (3) flexible choices in operating systems; and (4) dynamic scalability.
About Israel Seed Partners:
Israel Seed Partners manages four funds focused on early stage investing in Israeli technology companies. Founded in a Jerusalem garage in May 1995 with $2M in capital, it has grown rapidly to be one of Israel's leading venture capital funds with over $250 million in capital under management. The Partners include Jon Medved, Neil Cohen, Michael Eisenberg and Alan Feld. Israel Seed focuses on investments in Internet infrastruture including Tradeum (sold to VerticalNet), DealTime( in Nasdaq registration), XaCCT (in Nasdaq registration), Compugen (Nasdaq CGEN), Banter, Mercado, Gurunet, NewChannel, Alchemedia, Business Layers, Chiaro, Lynx Networks, One Path Networks (formerly Foxcom), Native Networks, and Foxcom Wireless. More information is available at the website: www.israelseed.com.
Contact:
eMikolo.com Inc, NY 708 585-6506
eMikolo.com R&D Center Israel +972 8 9363090
Email -- info@emikolo.com
|