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February 18, 2000

Woodside Fund Continues Internet Based Investment Focus

Recent Investments include SS8TM Networks, Brightware and StreetFusion

Woodside, CA - Woodside Fund venture capital firm announces new investments in StreetFusion, Brightware and SS8TM Networks. Each new venture investment exemplifies Woodside Fund's proactive and focused strategic investment direction. Woodside Fund, one of Silicon Valley's most respected early-stage venture capital firms, continues to focus on Internet based companies in the business to business electronic commerce, software, telecommunications and networking sectors.

Woodside Fund is the lead investor in a $10 million first round financing for SS8TM Networks. This new IP (Internet Protocol) signaling startup company, based in San Jose, CA, is developing a signaling engine that provides a breakthrough solution required for real-time communications over IP networks. The IP telephony signaling market is predicted to reach $1.7 billion by the year 2003, according to a 1999 study by Probe Research. Woodside Fund Managing Director Vincent M. Occhipinti joins the company’s Board of Directors.

Brightware, the leading supplier of eCustomer Assistance products and solutions for the Internet, is a rising star in this hot Internet business category. Brightware's comprehensive products and solutions are built on proven automation technology and help companies dramatically boost eSales revenues, raise eService levels and improve eMarketing results while reducing costs. Woodside Fund’s investment completes Brightware’s most recent financing round of $14.6 million.

Woodside Fund is also a first round investor in StreetFusion, the leading online provider of financial earnings, event information and webcasting for publicly traded companies. StreetFusion’s superior financial information exchange provides increased efficiency and effectiveness for the entire investment community. Woodside Fund has invested in a $12 million round for this fast growing company based in San Francisco, CA. Woodside Fund Principal Daniel H. Ahn joins the company’s Board of Directors.

"Woodside Fund is very easy to work with. They help us develop critical business strategies, exploring different methods in approaching our market. We find this collaboration very useful," says Henry H. Wong, CEO of SS8TM Networks, and a three-time successful entrepreneur in the communications area.

Tom Gonzales, CEO of StreetFusion and Founder of Commerce One states, "Woodside Fund brings invaluable startup experience to the table. The professionals at Woodside Fund don’t miss a beat."


About Woodside Fund

Founded in 1983, Woodside Fund has one of the longest and strongest track records of success in early stage venture capital investing. All Woodside Funds have performed in the upper quartile of the industry for venture capital partnerships formed in their respective years. Woodside Fund's latest partnership, Woodside Fund IV, invests between $4 Million to $7 Million in primarily early stage companies in the following areas: Internet and electronic commerce, computer software, telecommunications, and networking.

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http://www.woodsidefund.com

http://www.ss8networks.com

http://www.brightware.com

http://www.streetfusion.com

 

                                      
 

 

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