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* Scottish Reproductive Health Firm Ardana Gets $20M Series A
Ardana Bioscience, a reproductive health pharmaceutical company, said it raised GBP 13.3 million ($20 million) in its first round of fundraising.>>

* Divine Acquires Synchrony Communications
Divine, a publicly traded integrated services provider, said it has acquired Synchrony Communications, a customer interaction management suite provider. The terms of the deals were not disclosed.>>

* Medical Device Firm NexRay Gets $21 Million in Funding
NexRay, a developer of medical x-ray fluoroscopy systems, said it raised $21 million in venture capital financing.>>

* Senmed Medical Ventures Raising First Outside Fund
Senmed Medical Ventures, which operates the venture capital arm of Sentron Medical, is preparing to raise its first outside venture capital fund, Skip Dederick, the firm's group director of venture projects, told VentureWire.>>

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new money

* Bio Firm IatroQuest Gets $4.8 Million in Series A Funds
* Online Gamer Artifact Entertainment Gets $4.5M in Round Two
* Dilato Receives $1.5M Series A Commitment from Quantum
* ElectroTextiles Raises $8.5 Million Series B, Changes Name
* FuelSpot Raises Series C Funding, Restructures Management
* Medical Data Firm MercuryMD Gets $4.5 Million in Series B
* Sales Software Firm Privia Closes $5.5 Million Series B
* Software Development Firm Lohika Gets $1.25M Series A
* Corporate Mobile Technology Firm OnRelay Gets Seed Funds
* German Pharma Firm Axxima Raises $27M in Third Round
* Jerusalem Global Leads $6M Investment in Limber
* Kirusa Gets $1.25M More in On-Going Series A
* US Labs Raises $15 Million in Series D Financing
* Network App Firm DigitalDeck Tunes in $4.5M Series A
* Server Management Firm BladeLogic Gets $6M First Round
* Sun Microsystems Joins Mobilitec's Second Round
* Cadence Raises Third Round Funding
* Japanese Pharma Firm Sosei Gets $6.5 Million in New Funding
* Starent Networks Raises $22 Million Series B
* Web Services Firm Jamcracker Gets $2M in Strategic Financing
* IntelliSpace Adds $10M to Cap Series B at $70M
* SmartHaven Raises $1.3 Million Third Round
* WSNet Raises $30 Million in Round Two
* HighJump Software Gets $2.4M Credit from SVB

bad news

* International Telecom Firm Edge2net Calls It Quits

new products

* Storage Firm Platypus Launches First Products
* Tech Management Firm Angle to Run Virginia Biotech Incubator

m&a

* Electronic Library netLibrary Seeks Buyer, Cuts Salaries
* Freight Exchange Firm TransCore Acquires Keypoint Software
* Switching Firm Oresis Buys Intellectual Property From Vsys

new directors

* Amazing Media Names Engage CEO Paul L. Schaut to Board
* AirSphere Names AMR Exec Peter Pappas as Chairman
* Confluence Appoints Hitachi Data COO to Board
* Edgeflow Adds Three to Board After Closing Series A
* Supply Chain Mgmt. Firm Newgistics Adds Two to Board

new people

* RLX Technologies Promotes VP to President, COO
* WhiteLight Names CEO and Chairman
* Storage Product Firm StoreAge Adds Mark Spowart as President

vc fund news

* Carlyle To Review European Fund Next Year
* European VC nCoTec Raises Additional $7.1 Million

vc personnel

* GRP Partners Adds Former Carrefour Exec Herve Defforey
* ABS Capital Names Two New Venture Partners
* Fremont Ventures Taps Ex-Quickturn Design CEO Keith Lobo
* iSherpa Capital Names Fomer Qwest Wireless CEO as Partner

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* Scottish Reproductive Health Firm Ardana Gets $20M Series A
By Taran Provost <mailto:provost@technologicp.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=QLNLPNQLII>
EDINBURGH, SCOTLAND -- Ardana Bioscience, a reproductive health pharmaceutical company, said it raised GBP 13.3 million ($20 million) in its first round of fundraising.

The round was led by Merlin Biosciences and included further investment by MVM, which contributed approximately $2.8 million to the Series A round in March. Other new participants included ABN-AMRO Capital, 3i, Mitsubishi, and Green Highlander. Representatives from Merlin and ABN-AMRO Capital will join the company's board that already includes MVM.

Ardana will use the funds to continue work on male contraception, female sexual dysfunction, and other reproductive disorders. The funds will also enable Ardana to undertake strategic initiatives for the licensing and co-marketing of reproductive health products, to support selected joint ventures and acquisitions, to develop new facilities, and to strengthen its senior management team.

Ardana was created in July 2000 to develop products from the research of the Edinburgh-based Human Reproductive Sciences Unit of the Medical Research Council. Soon after its creation it received $1.8 million from MVM and individual investors.

Telephone: 44-131-226-8553

* Divine Acquires Synchrony Communications
By Lizbeth Scordo <mailto:scordo@technologicp.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=HHMJHNJMII>
CHICAGO -- Divine, a publicly traded integrated services provider, said it has acquired Synchrony Communications, a customer interaction management suite provider. The terms of the deals were not disclosed.

Cincinnati-based Synchrony, which has 80 employees, also has offices in New York, Chicago, San Francisco, and Atlanta.

Divine said the acquistion will enhance its customer interaction management technology offerings with Synchrony's interaction management applications.

Divine also said it expects today to complete its acquisition of eshare communications, a publicly traded customer relationship management services provider, which had received funding from Chase Capital Partners, Flatiron Partners, Penny Lane Advisors, Pequot Private Equity Funds, and Walden Capital Partners.

Synchrony has raised more than $40 million from Charles River Ventures, GE Equity, Great American, Patricof & Co., Ventures Vignette, and West TeleServices.

Founded in 1999, divine provides consulting, collaboration, interaction, hosting and information services for enterprise systems to 2,000 customers including middle market firms, government agencies, and educational institutions.

<http://www.synchrony.net>
<http://www.divine.com>

* Medical Device Firm NexRay Gets $21 Million in Funding
By Taran Provost <mailto:provost@technologicp.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=IJOMMPIMII>
LOS GATOS, CALIF. -- NexRay, a developer of medical x-ray fluoroscopy systems, said it raised $21 million in venture capital financing.

The bulk of the financing, $16.5 million, came from new investors JPMorgan Partners, AIG Global, RiverVest Ventures, Wheatley Partners, and Greater Bay Bank. The remainder, $4.5 million, came from existing individual investors Alex Barkas, Lynda Wijcik, Thomas D. Kiley, Jack Lloyd, Sam Maslak, and others.

NexRay will use the funds to introduce its first imaging system for guiding interventional cardiology procedures.

Telephone: 408-379-6600

* Senmed Medical Ventures Raising First Outside Fund
By Taran Provost <mailto:provost@technologicp.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=IHJJLIQLII>
NEW YORK -- Senmed Medical Ventures, which operates the venture capital arm of Sentron Medical, is preparing to raise its first outside venture capital fund, Skip Dederick, the firm's group director of venture projects, told VentureWire.

Senmed, which now operates an evergreen fund, will begin talking to potential limited partners with the goal of raising a fund of approximately $150 million, Mr. Dederick said. He did not say when the fund would close or if any funds have yet been raised.

The Cincinnati-based firm invests in mid-stage medical companies, participating in second-round through mezzanine financings with investments of $1 million to $2 million. Senmed has been investing since 1987 in areas such as biopharmaceuticals, diagnostics, medical devices, monitoring systems, drug delivery systems, drug discovery platforms, and genomics.

The firm has 21 portfolio companies, including Allergenics, a San Francisco-based developer of oral immunotherapy technology, and AtheroGenics, an Atlanta-based cardiovascular pharmaceutical company.

<http://www.senmed.com>

new money

* Bio Firm IatroQuest Gets $4.8 Million in Series A Funds	top   mail <http://venturewire.com/o_mailer.asp?sid=IPLIQQIMII>
MONTREAL -- IatroQuest, a developer miniaturised biosensing technologies for the detection and identification of biological and chemical agents, said it received $4.8 million in Series A funding.

Investissement Desjardins and The Business Development Bank of Canada each invested $1.5 million. T2C2/Bio Bio 2000 put in $1 million, and various private investors invested the remainder. The company previously received $1.2 million in angel money and a $1 million investment from the Canadian Dept. of Defense.

The company, a spin-off from the National Research Council of Canada, will use the funding for product development. IatroQuest's technology is used in the medical diagnostic, defence and environmental monitoring applications and genomics and proteomics sectors.

<http://www.iatroquest.com>

* Online Gamer Artifact Entertainment Gets $4.5M in Round Two	top   mail <http://venturewire.com/o_mailer.asp?sid=LNOMLIKMII>
MESA, ARIZ. -- Artifact Entertainment, a developer of online, multiplayer games and technology, said it raised $4.5 million in its second round of funding.

Forrest Binkley & Brown co-led the round along with NCSoft, a publicly traded Korean online gaming company. James Jones, president of Artifact, said the round was done at about $0.87 per share, giving the company a post-money valuation of about $10 million. Mr. Jones said this was an increase over the company's first round valuation. Artifact previously raised about $1.5 million from individuals.

The funds will be used to complete Artifact's "Evolution Engine" technology and its new game title, "Horizons", a role-playing game in development since 1999. Earlier this year, NCSoft entered into an exclusive distribution agreement to publish Horizons in Korea, Japan, Taiwan, Hong Kong, Singapore and China. Mr. Jones said Horizons is scheduled to be released in June 2003.

Gregory J. Forrest will join the board, along with two representatives from NCSoft. The board is now full with seven members.

Artifact plans to charge a monthly subscription for access to to Horizons, which will be available to thousands of users simultaneously. The company, which has about 35 employees, doesn't plan to add to its staff significantly until next summer, when it plans to grow by about 10.

Mr. Jones founded Artifact in October 1999 along with David Allen, who left the company this summer. Artifact plans to begin raising its next round in the first quarter of 2002. Mr. Jones said the company had commitments from its existing investors for the round, and it will also target additional institutional investors, as well as game publishers for North America and Europe. Those funds will take it through market release and to break-even.

<http://www.artifact-entertainment.com>

* Dilato Receives $1.5M Series A Commitment from Quantum	top   mail <http://venturewire.com/o_mailer.asp?sid=NQKQMIHMII>
NEW YORK -- Dilato, which develops software applications for the process manufacturing sectors focused on oil, gas, and the petrochemical industries, said Quantum Venture Partners has committed $1.5 million to its Series A round.

Raj M. Pamnani, co-founder and managing member at Quantum, said that the firm signed a term sheet, but no money has been transferred yet. The terms of the round, Mr. Pamnani said, include co-investors contributing the remaining $3.5 million to close the round at $5 million. The money will be used for sales and marketing, among other things.

Additional investments from Quantum of up to $3 million depend on Dilato finishing its product, Mr. Pamnani said.

Dilato's customers include URS, Azurix, Fizzion, Coca Cola, Projects & Technologies, and the University of Tennessee, Knoxville. Its management team consists of chairman Jaya Kilambi, president and CEO Srinivas Kilambi, and chief operating officer Tarun Palep.

<http://www.dilato.com>

* ElectroTextiles Raises $8.5 Million Series B, Changes Name
By Michelle Tsai <mailto:tsai@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=NIQHKKJMII>
LONDON -- ElectroTextiles, a developer of lightweight fabric interfaces for consumer electronics products, such as keyboards for mobile phones and handheld computers, said it has raised GBP 6 million ($8.5 million) in Series B funding. In addition, ElectroTextiles has changed its name to ElekSen.

New investor Frontiers Capital led the investment with a $1.5 million contribution, while first round investor 3i also invested $1.5 million to maintain a pro-rata share. New investors IDEO, MVI Finance, and Siemens Venture Capital provided $500,000, $1.3 million, and $500,000 respectively. Post-money valuation is more than GBP 12 million, or more than double the company's last post-money valuation, according to CEO Bernard Smith. The company has raised GBP 8 million to date.

Phil Terrett, a partner at Frontiers Capital, and a representative from MVI Finance, will join the board, which will have nine directors.

New funds will be used for hiring staff for technology and product development as well as marketing, according to Mr. Smith. ElekSen expects to launch its first product in the beginning of 2002 and anticipates no additional funding. The company will target wireless, PDA, games, and healthcare companies as customers.

<http://www.eleksen.com>

* FuelSpot Raises Series C Funding, Restructures Management	top   mail <http://venturewire.com/o_mailer.asp?sid=QPLPLLIMII>
NORTH CHELMSFORD, MASS. -- FuelSpot, a provider of software and an e-commerce portal for petroleum transactions, said it has closed an undisclosed amount of Series C financing. In addition, the company said Paul Hutchison has become president and chief operating officer and Peter Luitwieler chairman.

Zero Stage Capital, an existing investor in the company, led the round, contributing most of the funds. Other existing investors also participated. The company had expected an undisclosed new investor to lead the round in August, but due to low valuations by that investor FuelSpot closed its funding with its existing shareholders.

FuelSpot is also backed by Internet Capital Group, University of Massachusetts and others.

New funds will be used for operations and product development.

The company expects to close Series D funding at the beginning of the second quarter, said Mr. Hutchinson. Ideally, the company would raise up to $10 million for new product development, he said.

Mr. Hutchison recently served as chief operating officer and chief information officer at FuelSpot; prior to this company he served as senior vice president at Fidelity Investments and director of technology at MasterCard. He becomes president and COO, and will also serve as acting CEO. Mr. Hutchison replaces Jim Imbler, who serves as an adviser for the firm along with co-founder Howard Berke, who has also left the firm. Mr. Hutchison said the company is looking for a new chief financial officer to replace Dennis Meeker, who continues in that position for the near future.

Board director Peter Luitwieler replaces Mr. Imbler as chairman. Mr. Hutchison takes a seat on the board, which includes four directors in total. A fifth seat is reserved for an investor in the next round.

In August the company laid off about one-third of its 65 full-time employees and consultants in across-the-board cuts. The company also closed its Denver office.

<http://www.fuelspot.com>

* Medical Data Firm MercuryMD Gets $4.5 Million in Series B	top   mail <http://venturewire.com/o_mailer.asp?sid=LLPOPOIMII>
RESEARCH TRIANGLE PARK, NC -- MercuryMD, which integrates hospital data and delivers patient information to healthcare professionals' handheld devices, said it raised $4.5 million in Series B funding.

The company would not comment on its investors, past or present, only saying the were all individuals. The investment will be used to expand its corporate infrastructure, including customer support, sales, and marketing, and product development.

<http://www.mercurymd.com>

* Sales Software Firm Privia Closes $5.5 Million Series B	top   mail <http://venturewire.com/o_mailer.asp?sid=LNKQMHJMII>
NEW YORK -- Privia, a provider of collaborative enterprise applications for automating pre-sales and post-sales processes, said it has raised $5.5 million in Series B financing.

New investor Benchmark Capital led the round, with new investor Venture Strategy Partners participating. Existing investor Cap Ventures did not reinvest. The company has raised $7.6 million to date.

Funds will be used for sales, marketing, and customer support and will carry the company for one to two years. The company may raise additional capital in 2003, said a company spokesperson.

Mark Kremer of Benchmark and Matt Crisp of Venture Strategy Partners join the board, which now has four directors.

Customers include companies primarily in industrial machinery, business engineering, and financial services industries.

<http://www.privia.com>

* Software Development Firm Lohika Gets $1.25M Series A	top   mail <http://venturewire.com/o_mailer.asp?sid=ILHOOIIMII>
SAN MATEO, CALIF. -- Lohika Systems, which provides outsourced software development, integration, and maintenance services, said it completed its Series A financing. It raised $1.25 million from a group of individual investors.

Participants in the round included Gene Shklar, a founding employee and former executive of Keynote Systems and Siebel Systems; Adrian Slywotzky, vice president and board member of Mercer Management Consulting; and Lore Harp McGovern, an individual investor and director of the McGovern Institute for Brain Research at the Massachusetts Institute of Technology. All three have joined Lohika's board, which is now full at five members.

Lohika will use the funds to expand sales, customer service, and development operations in the U.S. and Europe. At present the company has targeted the higher-education market and has been generating revenue from a number of national universities based in California. Volodymr Riaboken, the company's president and COO, said the company will move next into the utilities market and later into manufacturing. He said Lohika plans to expand into other west coast states, including Oregon and Washington, and then to the east coast before moving into Europe within a year. He said, however, the company may move into Europe sooner depending on the market.

Mr. Riaboken said the Series A funds should last at least a year, depending on how much revenue the company generates. He said the company had no plans at present to raise additional financing from institutional investors.

Lohika, whose name means "logic" in Ukrainian, has a software development center in Lviv, Ukraine where the company has access to a pool of about 90 programmers. Mr. Riaboken said the cost of skilled programmers in Ukraine is about one-fifth of that in the U.S. and is also lower than the average cost of Indian software programmers. He also cited the higher availability of technical talent in Ukraine, compared to the U.S.

Lohika was founded in April 2001 by Mr. Riaboken along with his wife, Nataliya Riabokon, the CEO, and Lonhyn Jasinskyj, the CTO. The company's management and a handful of technical staff are based in its San Mateo headquarters. It is hiring a vice president of sales and additional technical staff in the U.S.

<http://www.lohika.com>

* Corporate Mobile Technology Firm OnRelay Gets Seed Funds	top   mail <http://venturewire.com/o_mailer.asp?sid=LHLLOHQLII>
LONDON -- OnRelay, which will provide software to connect enterprise wireless handheld devices to internal corporate voice systems, said it received an undisclosed amount of seed funding.

iGabriel, an angel investment company that includes Esther Dyson, Martin Velasco, and Charles Muirhead, provided the funds.

OnRelay said it will use the funds to launch its product commercially. The company has just started beta testing. Board additions were not disclosed, but the company said there are two open seats left. The company said it will raise another round targeting $5 million.

OnRelay was founded in 2000 by Ivar Plathe, formerly with Telenor and Ericcson, and Marie Wold, formerly with Braxton Associates and Deloitte Consulting. Existing investors in the company include Jeff Pulver, co-founder of VON Coalition.

<http://www.onrelay.com>

* German Pharma Firm Axxima Raises $27M in Third Round	top   mail <http://venturewire.com/o_mailer.asp?sid=LHNMLKQLII>
MARTINSRIED, GERMANY -- Axxima Pharmaceuticals, a developer of proprietary small molecule compounds that block signal transduction pathways pathogens need to survive, said it received EUR 30.6 million ($27 million) in third-round funds.

New investor Bear Sterns Health Innoventures led the investment, the first Bear Sterns has made through its Health Innoventures unit. Health Innoventures partner Juergen Drews joined Axxima's supervisory board as part of the deal. Other new investors in the round were HBM BioVentures, Novartis Bioventures, Heidelberg Innovation Bioscience Venture II, Hungarian Innovative Technologies Fund, and WPD Venture Capital II.

Some of the company's prior investors also participated in the round, including TVM Techno Venture Management, Schroder Ventures/International Biotechnology Trust, NIB Capital Private Equity, GLS Holding IX, Sued Venture Capital Investition, and Claus & Friedrich Dieckell.

The company will use the funding to develop a presence in the United States and to develop products from its drug candidates.

Axxima, founded in 1997, received its start-up equity financing in February 1998 in a round led by TVM and closed its Series B round in March 2000. The company employs approximately 66 people.

<http://www.axxima.com>

* Jerusalem Global Leads $6M Investment in Limber	top   mail <http://venturewire.com/o_mailer.asp?sid=MJJLPMIMII>
JERUSALEM -- InnoMed, the life sciences fund of Jerusalem Global Ventures, said Jerusalem Global Ventures led a $6 million investment in Limber, an Isreal-based developer of orthopedic devices.

Gemini Israel Funds and Advent International also participated in the round. Limber's seed financing round was led by Gemini in December 1999.

The funding will enable the company to complete clinical trials, gain regulatory approvals, and begin marketing its first product for hip surgery.

Jerusalem Global Ventures is a $200 million venture capital fund focused on telecommunications, Internet-enabling technologies, and medical devices. Its investors include America Online, NDS, Comverse, Telecom Italia, Agilent Technologies, Motorola, Conexant, Bausch & Lomb, and others.

Telephone: 972-9-865-6677

* Kirusa Gets $1.25M More in On-Going Series A	top   mail <http://venturewire.com/o_mailer.asp?sid=NQHJMNIMII>
NEW YORK -- Kirusa, which develops infrastructure platforms for the deployment of wireless multimodal applications, said it raised an additional $1.25 million in its on-going Series A.

New investor Silicon Alley Seed Investors provided the entire $1.25 million. The round has raised $4.4 million to date and will remain open for another 30 to 45 days. Other investors in the round are Innovacom and Deutsche Bank. The company is targeting up to $5 million in this round, a spokesperson said.

George Abraham, co-managing partner at Silicon Alley Seed Investors, becomes the sixth director on the company's board.

Mr. Sadaka said the company will release its first product by the second quarter of next year. The company should be cash positive by the end of 2003, he added.

<http://www.kirusa.com>

* US Labs Raises $15 Million in Series D Financing	top   mail <http://venturewire.com/o_mailer.asp?sid=IHNLKMJMII>
IRVINE, CALIF. -- US Labs, which provides cancer diagnostic services, said it raised $15 million in its Series D.

New investor ABS Capital Partners led the round, and past investors, Highland Capital Partners and Accel Partners, also contributed. The company said the financing was an up-round.

The company will the money for growth, expansion of its cancer genetics business, and to build an East Coast facility. The location of the new research and development building has not been determined, but it will be situated somewhere in New York , New Jersey, or Connecticut, an US Labs spokesperson said.

ABS Capital Partners will gain a seat on the company's board, but a representative has not yet been chosen.

US Labs, which employs 210, has raised $34.5 million to date. A company spokesperson said US Labs is generating revenue and expects to be profitable by the fourth quarter 2001.

<http://www.uslabs.net>

* Network App Firm DigitalDeck Tunes in $4.5M Series A	top   mail <http://venturewire.com/o_mailer.asp?sid=LNLJMOQLII>
CUPERTINO, CALIF. -- DigitalDeck, a provider of network-based software to entertainment companies, said it raised $4.5 million in its Series A round of funding.

New investor Lexington Ventures led the round, which included participation from individual investors. The company will use the funds to develop its Media Control OS product, a home networking software system.

Harvey Gettleson, COO of Lexington Ventures, was named chairman of the board, bringing the number of total board members to seven with no open seats.

The company expects to raise another round within a year.

<http://www.digitaldeck.com>

* Server Management Firm BladeLogic Gets $6M First Round 	top   mail <http://venturewire.com/o_mailer.asp?sid=INMPQLHMII>
LEXINGTON, MASS. -- BladeLogic, a provider of multi-platform technology to manage networks of servers running a variety of operating systems, said it received $6 million in its first round of funding.

The round was led by Battery Ventures and Bessemer Venture Partners. The company will use the funds to expand its product development and marketing, said president and CEO Dev Ittycheria.

Robert Goodman, general partner at Bessemer, and Dave Tabors, general partner at Battery Ventures, will join Mr. Ittycheria on the board of directors that has two open seats, one for an internal member and one for an external director.

Mr. Ittycheria said the company is bringing in revenue, already signing on customers such as Alliance Capital, AT&T Wireless, and Microsoft. Mr. Ittycheria said profitability is slated for 2003.

Mr. Ittycheria said the company will look to add a vice president of sales and a vice president of engineering at the beginning of 2002. The company will also add a CFO in the latter half of 2002. With 20 employees, the company expects to have between 60 to 70 by the end of the year.

The company was founded this summer by two former entrepreneurs-in-residence, Mr. Ittycheria at Bessemer, and CTO Vijay Manwani at Battery.

<http://www.bladelogic.com>

* Sun Microsystems Joins Mobilitec's Second Round	top   mail <http://venturewire.com/o_mailer.asp?sid=HHNIPJKMII>
GARDEN CITY, N.Y. -- Mobilitec, which develops technology for the wireless delivery of applications to mobile devices, said it closed its second round of funding at more than $10 million with the addition of Sun Microsystems as an investor. VentureWire reported the first close of the round in August.

Lucent Venture Partners led the round, with seed investor AIG Orion Fund also participating. The funds will be used for product marketing. Mobilitec released its first product in July.

Arie Litman, general partner at Lucent Venture Partners, sits on Mobilitec's board. Mobilitec has U.S. headquarters in Garden City and a research and development facility in Haifa, Israel.

<http://www.mobilitec.com>

* Cadence Raises Third Round Funding	top   mail <http://venturewire.com/o_mailer.asp?sid=NMKNIMIMII>
CINCINNATI -- Cadence, a provider of software and services to assist multiple site companies in managing their facilities costs, said it raised an undisclosed amount funding from previous investors Cinergy Ventures and Insight Capital Partners in its third round of funding.

The company will use capital as working capital to reach profitability next year. Cadence raised an undisclosed Series B round from the same investors in July and received $15 million from Insight and MSD Capital in March 2000.

<http://www.cadencenetwork.com>

* Japanese Pharma Firm Sosei Gets $6.5 Million in New Funding	top   mail <http://venturewire.com/o_mailer.asp?sid=INOJIKIMII>
TOKYO -- Sosei, a Japanese biopharmaceutical company, said it raised JPY 800 million ($6.5 million) in a new round of financing.

The new investors in the round are Nomura Securities, Japan Asia Investment, Tudor Capital, Intec, Nihon Trim, Crescendo Venture Capital, SMBC Capital, Shin Nihon Jitsugyo, Asahi Life Capital, and Nissay Capital. The company has raised a total of $12 million.

Sosei will use the proceeds from the new round for drug development and to strengthen its management team.

<http://www.sosei.com>

* Starent Networks Raises $22 Million Series B	top   mail <http://venturewire.com/o_mailer.asp?sid=ILJLKNHMII>
TEWKSBURY, MASS. -- Starent Networks, which develops a platform for wireless network providers, said it raised $22 million in its Series B.

New investor Highland Capital Partners led the round. All past investors -- North Bridge Venture Partners and Matrix Partners -- returned for the round. The company will use the money for product development, to increase manufacturing, and for sales and marketing.

Andy Capener, a Starent Networks spokesperson, said the round began several months ago with a $20 million target. Mr. Capener said the Series B was an up-round and that the company's post-money valuation is approximately $65 million. The company raised $10 million in its Series A shortly after it was founded in August 2000.

Sean Dalton, general partner at Highland Capital Partners, has been appointed as the fourth member of the company's board. Mr. Capener said the company would pursue an industry board appointment in the future.

Mr. Capener said he expects that this financing will last until the company brings in revenue. Starent employs around 100 people.

<http://www.starentnetworks.com>

* Web Services Firm Jamcracker Gets $2M in Strategic Financing	top   mail <http://venturewire.com/o_mailer.asp?sid=NOOOKPHMII>
CUPERTINO, CALIF. -- Jamcracker, an online provider of IT and business applications, said it has raised $2 million in strategic financing.

Telus Ventures, a publicly-traded telecommunications company based in Burnaby, British Columbia, provided the financing. The partnership enables Jamcracker to offer its services through Telus, and a revenue share is likely, said a Jamcracker spokesperson.

In addition, Jamcracker expects to close Series D by the end of the year; Navis Partners, Soros Private Equity Partners, and additional undisclosed existing investors have provided $20 million in the round so far.

The company has raised $155 million to date from Pivotal Asset Management, Bay Partners, Credit Suisse First Boston,e4e, Goldman Sachs, Morgan Stanley Dean Witter, Navis Partners, Robertson Stephens, The Rolling Thunder Networks, Soros Private Equity Partners, Internet Capital Group, Navis, First Analysis, and other undisclosed investors.

<http://www.jamcracker.com>

* IntelliSpace Adds $10M to Cap Series B at $70M 	top   mail <http://venturewire.com/o_mailer.asp?sid=NKPNINQLII>
NEW YORK -- IntelliSpace, an Ethernet IP broadband services provider, said it raised an additional $10 million in Series B equity funding from Halpern & Denny and other existing investors to close the round at $70 million. The company has raised more than $110 million to date.

In February, IntelliSpace announced the initial closing of its Series B round totaling $40 million in equity and $20 million in debt, led by JP Morgan Partners with participation from Riverstone Networks and Weston Presidio. All participated in the new $10 million funding. The Series B was an up round.

Intellispace said it would use the additional capital for operational purposes and to help increase penetration in existing markets. Paul Brindak, Intellispace chief marketing officer, said the company plans to be cash-flow positive by mid-2002. Hapern & Denny will receive a seat on the company's board of directors.

<http://www.intellispace.com>

* SmartHaven Raises $1.3 Million Third Round 	top   mail <http://venturewire.com/o_mailer.asp?sid=NKQQHHKMII>
AMSTERDAM, THE NETHERLANDS -- SmartHaven, a developer of knowledge management software, has closed EUR 1.5 million ($1.3 million) in third round financing, according to CEO Frans Biegstraaten.

Existing investor NIB Capital Private Equity provided the funds, which gave the company a lower valuation than the last round, said Mr. Biegstraaten. ICOM, Newconomy, and Twinning did not reinvest.

Funds will be used for product development, sales, and marketing.

The company staff has decreased from 52 to 16 employees due to layoffs, and new funds will carry the company until it breaks even in 12 months, he said.

The firm has raised EUR 5.1 million in financing to date.

<http://www.smarthaven.com>

* WSNet Raises $30 Million in Round Two
By Michelle Tsai <mailto:tsai@venturewire.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=QHJNHPJMII>
AUSTIN, TEXAS -- WSNet, a wholesale provider of digital-to-home video programming for cable operators, said it has closed $30 million in second round financing. Funds will be used for product development.

An existing investor, an undisclosed private equity firm in New York, provided the funding. WSNet targets cable operators in the private, small, and rural cable markets.

The company employs 84 and will increase its staff size by up to 10% in the next year, said a company spokesperson. Funds will last until profitability.

The firm has raised $82 million from Motorola and undisclosed other investors.

<http://www.wsnt.com>

* HighJump Software Gets $2.4M Credit from SVB	top   mail <http://venturewire.com/o_mailer.asp?sid=NIJIPLQLII>
MINNEAPOLIS -- Silicon Valley Bank said it provided HighJump Software, a provider of Internet-powered supply chain execution and bar code data collection software, with a $2 million line of credit and $400,000 in equipment financing.

HighJump Software will use the funds for operational expenses and for additional equipment.

Founded in 1983, HighJump Software raised $8.5 million in August 2000 from St. Paul Venture Capital and Upper Lake Growth Capital.

<http://www.highjumpsoftware.com>

bad news

* International Telecom Firm Edge2net Calls It Quits	top   mail <http://venturewire.com/o_mailer.asp?sid=QHNNHHQLII>
KIRKLAND, WASH. -- Edge2net, which provides international telecommunications services, has ceased operations, according to a message posted on its Web site. The company and its investors could not be reached for comment.

In March 2000, edge2net announced that it would change its name from Global Connect Partners, and invest $50 million to launch an Internet telephone network in Asia. Within the first year, the company planned to invest up to $25 million to deploy a voice-over-IP network in 20 Asian Pacific and U.S. cities.

Edge2net was backed by AT&T Ventures, Columbia Capital, Oak Investment Partners, and Worldview Technology Partners.

<http://www.edge2net.com>

new products

* Storage Firm Platypus Launches First Products	top   mail <http://venturewire.com/o_mailer.asp?sid=QJQQNOHMII>
WEST LEBANON, N.H. -- Platypus Technology, a storage systems developer, has announced the launch of its first products, QikDATA and QikDRIVE, designed to improve application and server performance.

Platypus has received $7 million in funding from The Carlyle Group and JAFCO Investment. The company's customers include Monster.com, Energis Squared, Hyperfeed.

Platypus, founded in 1999 in Syndney, Australia, later moved its headquarters to West Lebanon, N.H.

<http://www.platypus.net>

* Tech Management Firm Angle to Run Virginia Biotech Incubator	top   mail <http://venturewire.com/o_mailer.asp?sid=MJHIOPPLII>
HERNDON, VA. -- Angle Technology, an international management company that develops technology businesses, said it was selected by the Fairfax County Economic Development Authority to develop and run Northern Virginia's first bioinformatics incubator.

Under the arrangement, Angle will design an 8,500 square foot building to be constructed in Springfiled, Va. that will contain up to ten startup companies specializing in biotech-releated hardware and software. The facility is scheduled to open early next year and will cost about $1.5 million to operate through 2004.

Angle, which has headquarters in London, maintains a satellite office in Herndon, Va.

<http://www.angletechnology.com>

m&a

* Electronic Library netLibrary Seeks Buyer, Cuts Salaries
By Lizbeth Scordo <mailto:scordo@technologicp.com>	top   mail <http://venturewire.com/o_mailer.asp?sid=QNQQIOIMII>
BOULDER, COLO. -- netLibrary, a provider of e-books and Internet-based content management services for the institutional library market, said it is seeking a buyer. The company also significantly reduced employees' salaries and said future employment of its staff would be dependent on identifying an interested buyer and related bridge loan financing.

In a letter that went out to all customers, the company said that within the past few weeks, its investors have made the decision not to invest based on overall economic conditions.

A spokesperson would not comment on what types of companies could potentially acquire the company, but the customer letter said netLibrary is in discussions with candidates with an interest in the library, publishing, and e-book marketplace.

The company said its main service, access to e-books, continues, but some related services may be put on hold.

netLibrary is backed by ABC-CLIO, Anschutz Family Investment, Bain Capital, Barnard & Co., Berger New Generation Fund, Blackwell Ltd., Ebsco, Follett, Houghton Mifflin, Liberty Digital, Marquette Ventures, McGraw-Hill, Sequel Venture Partners, Sprout Group, Tango, and Lightspeed Venture Partners.

<http://www.netlibrary.com>

* Freight Exchange Firm TransCore Acquires Keypoint Software	top   mail <http://venturewire.com/o_mailer.asp?sid=QLJOJIJMII>
PORTLAND, ORE. -- TransCore, a provider of Internet-based freight exchange services, said it has acquired Keypoint, a Springfield, Mo.-based provider of operations and dispatch software for transportation carriers and intermediaries. Terms of the deal were not disclosed.

The approximately 20 Keypoint employees will remain at their current offices in Springfield, Mo. Dan Murrill, founder and former president of Keypoint, will become director of business development at TransCore. Keypoint, which was self-funded, has been profitable for at least the last 10 years.

TransCore employs 1800 in 80 locations worldwide. The company is backed by $20.5 million from American Capital Strategies, KRG Capital Partners, and Stratford Capital

<http://www.transcore.com>
<http://www.dmcsi.com>

* Switching Firm Oresis Buys Intellectual Property From Vsys	top   mail <http://venturewire.com/o_mailer.asp?sid=LPIQHIIMII>
BEAVERTON, ORE. -- Oresis Communications, a developer of carrier-class switching products for global telecommunications carriers, said it acquired the technology and intellectual property assets from Vsys. The company also said it will take on Vsys' voice telecommunications engineers. Terms of the deal were not released.

Vsys, a supplier of software switching technologies, has received backing from Rock Equity Ventures and Intel Communications Fund.

Oresis has received funding from Bessemer Venture Partners, Lightspeed Venture Partners, ComVentures, JAFCO America Ventures, Blueprint Ventures, UBS Capital Americas, Sands Brothers, Silver Creek Fund, U.S. Bancorp Piper Jaffray, NTT Leasing, and Comdisco.

<http://www.oresis.com>
<http://www.vsys.com>

new directors

* Amazing Media Names Engage CEO Paul L. Schaut to Board	top   mail <http://venturewire.com/o_mailer.asp?sid=HHLNNMHMII>
FAIRFAX, VA. -- Amazing Media, which provides an online advertising system designed to enable Web properties to serve small-buy, local, and non-traditional online advertisers, said it added Paul L. Schaut as the fifth member of its board of directors.

There is one seat now open on Amazing Media's board.

Mr. Schaut, 41, formerly served as president and CEO of Engage, a provider of interactive marketing services. He has also served as a member of Amazing Media's board of advisors.

Amazing Media is backed by Draper Atlantic and Draper Fisher Jurvetson.

<http://www.amazingmedia.com>

* AirSphere Names AMR Exec Peter Pappas as Chairman	top   mail <http://venturewire.com/o_mailer.asp?sid=LHONNLJMII>
NEW YORK -- AirSphere, a Web-based technology provider for the aviation industry, said it has appointed Peter Pappas as chairman of the board. Mr. Pappas has served as chairman and CEO of Worldwide Flight Services and president of American Airlines subsidiaries AMR Consulting Group and AMR Services.

Six directors comprise AirSphere's board. The company has raised $4 million from Genesis Partners.

<http://www.airsphere.com>

* Confluence Appoints Hitachi Data COO to Board	top   mail <http://venturewire.com/o_mailer.asp?sid=IPJHJPQLII>
MILPITAS, CALIF. -- Confluence Networks, which develops storage networking systems, said it appointed David Roberson to its board of directors.

Mr. Roberson, who becomes the fourth member of the board, is the chief operating officer at Hitachi Data Systems.

A Confluence Networks spokesperson said that the company has begun its second round of funding, but did not disclose any details. The company closed its Series A round in January at $15 million.

Confluence Networks is backed by Beachhead Capital, Redpoint Ventures, New Enterprise Associates, and Quantum Technology Ventures.

<http://www.confluencenetworks.com>

* Edgeflow Adds Three to Board After Closing Series A 	top   mail <http://venturewire.com/o_mailer.asp?sid=MJNMHQHMII>
OTTAWA -- Edgeflow, which develops wavelength infrastructure devices, said it appointed three directors to its board. The new members include two investors and one independent adviser. They are Claude Haw, Ken Wigglesworth, and Michael Pascoe. In September, Edgeflow closed its Series A at $24 million and, at the time, did not disclose which investors received board seats.

Co-lead investor, Newbury Venture Partner, will be represented by Mr. Wigglesworth, founder and principal of Eagle One Ventures, Newbury's Canadian partner. Return investor, Venture Coaches, will be represented by managing partner Mr. Haw.

Mr. Pascoe is an independent adviser to the company. He previously served as president of the U.S. division of Newbridge Networks.

The board now has five members. Additional independent advisers are likely to be added to the board in the future, a company spokesperson said.

Edgeflow is also backed by BTG, Desjardins Venture Capital Group, Pan Dacom Networking, Primaxis Technology Ventures, RBC Capital Partners Telecom Fund, and Sierra Ventures.

<http://www.edgeflow.com>

* Supply Chain Mgmt. Firm Newgistics Adds Two to Board	top   mail <http://venturewire.com/o_mailer.asp?sid=HHNKJQIMII>
AUSTIN, TEXAS -- Newgistics, a supply chain management company specializing in reverse logistics and returns management, said it named David Boothby and John C. Campanelli to its board of directors.

Mr. Boothby serves senior vice president of operations for The Spiegel Group. Mr. Campanelli is president of R.R. Donnelley Logistic Services. The board now has five members.

The company has raised more than $26 million from Austin Ventures, AV Labs, R.R. Donnelley & Sons, Spiegel-Hermes General Service, USFreightways

<http://www.newgistics.com>

new people

* RLX Technologies Promotes VP to President, COO	top   mail <http://venturewire.com/o_mailer.asp?sid=LPHJHOHMII>
HOUSTON, TEXAS -- RLX Technologies, a supplier of Web servers, said Pat Collins has been appointed president and chief operating officer. Mr. Collins had joined the company last year as vice president of operations; prior to RLX, he served as vice president of supply-chain management for Dell Computer in Europe and vice president of enterprise systems procurement at Dell.

Michael Swavely, formerly president and chief operating officer, left the company last week. A spokesperson also said the company is also looking for a CEO. Gary Stimac, chairman and CEO, will step down from CEO when a permanent replacement is appointed.

In August the company laid off 17% of its staff, or 20 employees, citing a slow market for IT products.

RLX Technologies has raised $59 million in financing from ComVentures, IBM, Ignition, Soros Private Equity Partners, and Sternhill Partners.

<http://www.rlxtechnologies.com>

* WhiteLight Names CEO and Chairman 	top   mail <http://venturewire.com/o_mailer.asp?sid=QJKILHIMII>
PALO ALTO, CALIF. -- WhiteLight Systems, a provider of analytic applications, said it named Peter Beard as chief executive officer and Geoff Squire as chairman of the board. Messrs. Beard and Squire replace Dennis McGinn, who had served in both positions.

Mr. Beard was promoted from his position of vice president of worldwide sales with the company. Prior to joining WhiteLight, Mr. Beard served as area vice president with Cognos, responsible for the U.K., Middle East, Africa, and Central and Southern European territories. Mr. Squire has served on WhitleLight's board for four years and is also vice chairman of Veritas. He has also served as executive vice president of Oracle Europe.

WhiteLight has received funding from Charter Venture Capital, Dresdner Kleinwort Benson, GE Capital, GE Financial Assurance Holdings, GE Investments, Itochu Group, Sybase, Warburg Pincus, and individuals.

<http://www.whitelight.com>

* Storage Product Firm StoreAge Adds Mark Spowart as President	top   mail <http://venturewire.com/o_mailer.asp?sid=HHQLLJIMII>
ORANGE COUNTY, CALIF. -- StoreAge Networking Technologies, a provider of storage technology and products focused on SAN architecture, said it named Mark Spowart as president.

Mr. Spowart, 50, previously served as vice president of sales and customer service at QLogic. Mr. Spowart will report to CEO Eli Shapira, who held both positions before Mr. Spowart's appointment.

StoreAge Networking Technologies is backed by Cisco Systems, Genesis Partners, IIS Intelligent Information Systems, Morgan Keegan, Ophir Holdings, and Poalim Investments.

<http://www.store-age.com>

vc fund news

* Carlyle To Review European Fund Next Year	top   mail <http://venturewire.com/o_mailer.asp?sid=MJJOJJHMII>
LONDON -- The Carlyle Group, an international private equity firm, said it will review its European fund, Carlyle Europe Venture Partners, mid-next year in order to determine whether or not to scale it back.

A Carlyle spokesperson said that, at most, the firm would reduce the fund size by 10% to 15%. The fund presently has commitments of EUR 732 million ($653 million). She said no decision has been made and depending on market conditions, the firm may not scale back the fund at all.

Carlyle Europe Venture Partners has invested $152 million of the fund to date. The Carlyle Group manages more than $13 billion of equity capital and operates 15 private equity funds in the United States, Europe, and Asia.

<http://www.carlylegroup.com>

* European VC nCoTec Raises Additional $7.1 Million	top   mail <http://venturewire.com/o_mailer.asp?sid=MJHQLMQLII>
LONDON -- nCoTec Ventures, an European technology venture capital firm, said it raised an additional EUR 8 million ($7.1 million) from electronics and technology company NEC. The firm is in the process of closing its first fund, expected before the end of the year.

nCoTec I's founders originally targeted to raise EUR 150 million but found the economic climate of the last year working against them. Earlier this month, Alasdair Warren returned to the private equity division of Schroder Salomon Smith Barney where he worked before leaving to co-found nCoTec.

The fund is now at EUR 53 million and will invest in communications technologies and enterprise software. The firm has offices in London and Stockholm, and personnel in Tokyo.

<http://www.ncotec.com>

vc personnel

* GRP Partners Adds Former Carrefour Exec Herve Defforey 	top   mail <http://venturewire.com/o_mailer.asp?sid=IHPOOJQLII>
LONDON -- Venture capital firm GRP Partners said it added Herve Defforey, the former CFO of Carrefour, as partner.

Mr. Defforey, 51, will be based out of the company's London office where he joins Pierre Morin. Mr. Defforey is the sixth partner to join the firm and previously served as chief financial officer and managing director at Carrefour, a global retail store, where he remains as a board member.

GRP Partners has $650 million under management and is investing GRP II, a $400 million fund. GRP Partners' investors include Carrefour, Credit Suisse First Boston, and Vulcan Ventures.

<http://www.grpvc.com>

* ABS Capital Names Two New Venture Partners	top   mail <http://venturewire.com/o_mailer.asp?sid=NKIMQIJMII>
BALTIMORE -- ABS Capital Partners, a private equity firm focused on mid- to later-stage companies, said it added and Phillip A. Clough and Dean Goodermote as venture partners last quarter.

Mr. Clough will work with existing portfolio companies. He previously served as CEO and president of Sitel, a publicly traded corporate services provider Prior that position, Mr. Clough was a principal in the investment banking group at Alex. Brown & Sons where he advised clients on M&A transactions, and equity and debt offerings.

Mr. Goodermote will focus on portfolio companies in the software and services space. Before joining ABS, he served as CEO of ABS portfolio company Clinsoft, (formerly Domain Pharma), a clinical trial and biopharmaceutical information platform developer.

With $1.4 billion under management, ABS typically invests $10 million to $40 million in established companies that provide software, services, or infrastructure to healthcare enterprises and media and communications companies. Portfolio companies include DoubleClick, Softwatch, and YOUCentric.

<http://www.abscapital.com>

* Fremont Ventures Taps Ex-Quickturn Design CEO Keith Lobo 	top   mail <http://venturewire.com/o_mailer.asp?sid=IJQMMQQLII>
SAN FRANCISCO -- Fremont Ventures announced the addition of Keith Lobo as general partner. Mr. Lobo previously served as CEO of Quickturn Design Systems, a provider of semiconductor design and verification technology that went public in 1993.

Mr. Lobo is the third partner to join Fremont Ventures and will be investing out of the company's most recent $150 million fund.

Fremont Ventures is an early stage investment firm with $200 million under management and invests up to $15 million per company focused on network infrastructure, enterprise software and services, and life sciences. Portfolio companies include DoveBid, Atairgin Technologies, LightSand Communications, and White Rock Networks.

<http://www.fremontgroup.com>

* iSherpa Capital Names Fomer Qwest Wireless CEO as Partner	top   mail <http://venturewire.com/o_mailer.asp?sid=LLOKJHHMII>
DENVER -- iSherpa Capital, a venture capital firm focused on wireless and related technologies, said it named Peter Mannetti as its third managing partner.

Mr. Mannetti most recently served as president and CEO of Qwest Wireless. He will take a leadership role in specific portfolio companies and become involved in strategy and business decisions, managing processes, and marketplace positioning. Mr. Mannetti is also a member of the investment committee and on the board of directors of iSherpa Capital.

iSherpa's portfolio companies include Digital Reliance, TensorCOmm, and isovia. The firm launched in June 2000.

<http://www.isherpa.com>

A funny thing happened on the way to the market

The resources necessary to conduct clinical trials
require an enormous investment and small road bumps
in the drug approval process can kill a promising drug.
For many start-ups, one strike means you're out.  New
technologies and business models, however, promise to
dramatically change trial management.  This year's
Healthcare Outlook will look at the impact of clinical
trials on emerging companies as well as the investment
opportunities available in companies that look to change
the status quo. Healthcare Outlook's Private Equity
Platform has dedicated a special track that will feature
management presentations by early-stage companies looking
to improve the clinical trial process.  In addition, the
meeting will feature an industry roundtable, From the
Pipeline Through Clinical Trials, moderated by Sam
Collela, Managing Director of Versant Ventures.
Healthcare Outlook, Biotechnology and Pharmaceuticals:
Discovery, Development and Delivery.

Healthcare Outlook
January 22, 2002
San Francisco Airport Marriott, Burlingame, Calif
http://www.healthcareoutlook.com <http://venturewire.com/ads/ad.asp?id=1441>

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Send other questions to prohelp@venturewire.com <mailto:prohelp@venturewire.com>  	 Tuesday, October 23, 2001
published daily by Technologic Partners <http://technologicpartners.com>

this issue delivered to:
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Enron

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company index
companies mentioned in this issue
? ABS Capital Partners
? AirSphere
? Amazing Media
? Angle Technology
? Artifact Entertainment
? Axxima Pharmaceuticals
? BladeLogic
? Cadence Network
? Confluence Networks
? DigitalDeck
? Dilato
? Divine
? edge2net
? edgeflow
? ElekSen
? Fremont Group
? FuelSpot.com
? Global Retail Partners
? Highjump Software
? IatroQuest
? IntelliSpace
? iSherpa Capital
? Jamcracker
? Keypoint
? Kirusa
? Lohika Systems
? MercuryMD
? Mobilitec
? nCoTec
? netLibrary
? Newgistics
? OnRelay
? Oresis Communications
? Platypus Technology
? Privia
? RLX Technologies
? SenMed Medical Ventures
? SmartHaven
? Sosei
? Starent Networks
? StoreAge Networking Technologies
? Synchrony
? The Carlyle Group
? TransCore
? US Labs
? Vsys
? WhiteLight Systems
? WSNet

investor index
investors participating in new rounds in this issue
? 3i Group
? ABS Capital Partners
? Accel Partners
? Asahi Mutual Life Insurance
? Battery Ventures
? Bear Sterns
? Benchmark Capital
? Bessemer Venture Partners
? Business Development Bank of Canada
? Cinergy Ventures
? Claus & Friedrich Dieckell
? Crescendo Ventures
? Deutsche Bank
? Forrest Binkley & Brown
? Frontiers Capital
? GLS Holding
? HBM BioVentures
? Heidelberg Innovation
? Highland Capital Partners
? Highland Capital Partners
? Hungarian Innovative Technologies Fund
? Ideo
? iGabriel.net
? Innovacom
? Insight Venture Partners
? Intec
? Investissement Desjardins
? Japan Asia Investment
? Lexington Partners
? Matrix Partners
? MVI Finance
? NCSoft
? NIB Capital
? NIB Capital
? Nihon Trim
? Nissay Capital
? Nomura Securities
? North Bridge Venture Partners
? Novartis BioVentures
? Quantum Venture Partners
? Schroder Ventures
? Shin Nihon Jitsugyo
? Siemens Venture Capital
? Silicon Alley Seed Investors
? SMBC Capita
? Sued Venture Capital
? T2C2
? Telus
? Tudor Investment
? TVM Techno Venture Management
? Venture Strategy Partners
? WPD Venture Capital
? Zero Stage Capital

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All Rights Reserved


For the record, I have read Judge Biren's ruling, and contrary to what people
might have said in the conference call on Friday, it is silent on the topics
of the testimony schedule and the presentation of arguments.  The
three-sentence e-mail from Biren simply requests that the parties attend the
PHC at which time she will rule on the motion, and states that she might
issue a further ruling prior to the PHC.  I think it is probably fair to
expect she may solicit brief comments from representatives of the parties at
the PHC.

Jeffery Fawcett
04/07/2000 05:28 PM
To: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Susan
Scott/ET&S/Enron@ENRON, Jeff Dasovich/SFO/EES@EES, mbaldwin@igservice.com,
Tim Aron/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON
cc:

Subject: SoCal GIR settlement telecon

I participated in a teleconference today at 3:00 p.m. with several members of
the "all-party" settlement group.  The ALJ assigned to the GIR case, Andrea
Biren, has apparently issued a ruling on SoCal's Motion to Extend the
deadline for filing the all-party settlement.   Although I personally haven't
seen the document yet, it was the primary focus of the meeting.

According to accounts from the group, Judge Biren's ruling did not grant
SoCal's motion for extension.  Rather, she will hear arguments on the motion
during the Prehearing Conference scheduled for Tuesday, April 11.  Judge
Biren also asked that parties to the proceeding be prepared to file full
scale testimony discussing all settlement proposals on file as well as offer
any addtional comments on the most promising options set forth by the
Commission.  Unfortunately, she is silent on what date the testimony would be
due (originally, testimony was due on April 17).  In addition, Judge Biren's
ruling apparently leaves open the possibility that she could be talked into
something different during Tuesday's prehearing conference (ie. a different
procedural schedule, or an amended or streamlined testimony filing protocol).

The telecon group decided to do the following: (1) approach CPUC commissioner
Bilas on Monday and let him know the status of the all-party settlement and
ask him to intervene in favor of the extension, (2) go before Judge Biren on
Tuesday (as a group, and individually, if necessary) and request that in leiu
of a full scale testimony procedure, would she accept a process whereby,
similar to what was done in the PG&E settlement, parties file declarations in
favor of one settlement versus another, and then the Judge
supervises/conducts a panel discussion on the issues surrounding the
settlement?  If Judge Biren rejects the idea of a less formal process, one
which arguably doesn't offer as complete a record in the case (which most on
the call felt was the likely outcome), then would she agree to a schedule
whereby she grants the SoCal motion, the all-party settlement is filed on
April 17, then all parties, including the Norm Pedersen group, would have the
chance to file testimony (only testimony, not additional declarations)
indicating support of one settlement over another and the reasons/logic,
including how the settlements meet the Commisision objectives, on or before
May 5?

As far as the all-party settlement document is concerned, SoCal will be
forwarding a preliminary (as yet incomplete) draft for the parties to review,
but not to comment on.  SoCal intends to circulate another, more complete
version Monday morning for purposes of soliciting comments/changes.

As far as Transwestern is concerned, I've spoken independently with the team
-- Susan, Mark and Jeff Dasovich.  Each of us will review and provide TW
comments to SoCal regarding the settlement document.  Susan will be
representing TW at the Prehearing Conference on Tuesday.  Mark Baldwin will
be there also to support Susan's efforts on Tuesday.  Susan and Jeff (and
maybe Mark?) will try and hook-up Tuesday morning to compare notes and talk
about the upcoming Commission PHC.

Steve, between Susan and I, we'll continue to forward documentation and other
materials regarding this case as well as to provide you with our comments
and/or any drafts of testimony TW intends to file in this case.


Steps 2 - 4 have been done.

Mary, since Jackie is out tomorrow, you will need to verify the following
information has flowed across to POPS tomorrow morning (check meter catalog).

Meter           Facility                         DRN

986892        515136                       60217
980439        501026                       286715

If there is a problem, then you will need to get with Romeo.

If everything is okay, you will need to let Sherlyn know so she can set up
accounting arrangements on meter 439 and you will need to enter them into
POPS.

HC
---------------------- Forwarded by Howard B Camp/HOU/ECT on 10/05/2000 04:27
PM ---------------------------

Howard B Camp
10/04/2000 01:06 PM
To: Sherlyn Schumack/HOU/ECT@ECT, Jackie Young/HOU/ECT@ECT, Rita
Wynne/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT,
Rita Wynne/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Gary A Hanks/HOU/ECT@ECT,
Clem Cernosek/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT
cc:
Subject: Re: Tetco/HPL (Enerfin) Meter #986892

Step # 1 has been completed.
Sherlyn, verify step # 2 tomorrow and call me when completed.

Jackie, verify the nom on Oct 4 & 5.  It appears there is still a volume for
meter 6892 until Oct 6.

If there are any questions or issues, contact me at 37649.  I am the contact
person while Clem is out (through Friday).
HC
---------------------- Forwarded by Howard B Camp/HOU/ECT on 10/04/2000 01:01
PM ---------------------------

Romeo D'Souza
10/04/2000 12:40 PM
To: Clem Cernosek/HOU/ECT@ECT
cc: Michael Eiben/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT
Subject: Re: Tetco/HPL (Enerfin) Meter #986892

Clem,

I have completed setting the confirm = 0 for 986892 and reallocated
all the days. They are all zero now, however 10/4/2000 and 10/5/2000
still have a non-zero BAV, these should get set to 0 by 10/6. Since
allocation will not allocate these days till 10/6 gas date.

r.d

Clem Cernosek
10/03/2000 05:19 PM
To: Donna Consemiu/HOU/ECT@ECT, Romeo D'Souza/HOU/ECT@ECT, Sherlyn
Schumack/HOU/ECT@ECT, Jackie Young/HOU/ECT@ECT
cc: Michael Eiben/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT, Gary A
Hanks/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT
Subject: Tetco/HPL (Enerfin) Meter #986892

Step I.

Romeo:   Please do Step 1 today, 10/4/00.

1.  Please change the confirmed noms to zero for all contracts that have be
nominated for period 1/1/00 thru 10/31/00 for the above meter.
2.  Change the allocation method to "Not Allocatable" effective 1/1/99.
3.  Please reallocate the meter for period 1/1/99 thru 10/31/00.
4.  Call me after the above tasks have been completed.

Step  II.

Sherlyn:  Please check the following tommorrow, 10/5/00.

1   Verify with Settlements that the zero BAV adjustment were received  for
all Contract Activities at Meter 986892 for period 1/1/99 thru 9/30/00.
2.  After verification is complete, please call me.

Step III.

Donna:  I will call you tomorrow, 10/5/00 to inform when you can make the
following changes:

1.  Change the meter # and DRN # at Facility # 501026.  This facility should
be Trade and Nom "YES".
2.  Change the meter # and DRN # at Facility # 515136.  This facility should
be Trade and Nom "No".
3.  After completion, please call me as well as Romeo (x-34544).

Step IV.

Romeo:   Upon receiving a call from Donna:

1.  Please make the appropriate changes or corrections in POPs System for the
Facility Changes made by Global Facilities Dept.  My understanding is that
these changes can not be done automatically.
2.  Upon completion, please call me.

Step V.

Jackie:

1.  Tomorrow, 10/05 /00, after I am informed that Romeo has made his changes,
I will let you know and you may begin scheduling Meter #0980439 which is the
meter replacing #0986892.
2.  After completion, please let me know.

********

Gary:

This could create some problems for Gas Control, because all confirmed
volumes will be zeroed including October, 2000 activities at meter 986892
today (10/4/00).   This should correct itself within 24 thru 48 hours at
meter #980439.

Daren:

This could also create some issues for you, but remember, these issues should
clear within 24 to 48 hours.

Victor:

This is just for your information, since this should not create and changes
for you.

IF ANYONE HAS ANY QUESTIONS, PLEASE FEEL FREE TO CALL ME AT X-3665O.

THANKS, CLEM


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On Wednesday night, November 14, Sotheby's is pleased to present an exciting new feature that will allow you to track the bidding in our traditional salesroom auctions of Contemporary Art, in real time, on your computer screen.

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