CrossWorlds seeks to build brand name with IPO cash

NEW YORK – CrossWorlds Software Inc. (NASDAQ:CWLD), an e-business infrastructure software provider which went public on Thursday, said its initial public offering is the first step to building strong brand recognition, both in the U.S. and abroad. The Burlingame, Calif.-based company, which raised $40 million from its IPO, said it will use the proceeds for […]


Goldman Sachs, Soros invest in Whale’s $23m. private placement

By Eli Groner From The Jerusalem Post ROSH HA’AYIN, April 3, 2000 Rosh Ha’ayin-based Whale Communications said yesterday it raised $23 million in a second-stage round of financing last week. The round was led by The Goldman Sachs Group, investment affiliates of Soros Private Equity Partners LLC, and the BRM Group, which last year also […]

Start-Up Whale Communications of BRM Group Raises $23 Mln

By Ella Jacoby Globes, April 2, 2000 Start-up company Whale Communications of the BRM group has raised $23 million in a private placement. The company’s value for the financing round was not disclosed, but is estimated at $100 million, after money. This is Whale’s second financing round. Whale provides a secure communications platform for protecting […]

ProSight of BRM Group Completes $10.6 Mln Capital Raising Round

By Keren Tsuriel Globes, March 13, 2000 Israeli company ProSight of the BRM group has completed a second capital raising round, in which it raised $10.6 million. ProSight develops applications for large software organizations, which support the an organization’s entire management chain, including external business partners. Barkat joint general manager Nir Barkat today said that […]