July 17, 2000
Comcast Interactive Capital Invests in Exent Technologies
Reston, VA - July 17, 2000 - Exent Technologies, a leading developer
of Applications-on-Demand (AoD) software for telecom and broadband
service providers, and Comcast Interactive Capital today announced
an investment by Comcast Interactive Capital (CIC) in Exent Technologies.
With this investment Comcast Interactive Capital is joining other
leading venture capital firms and strategic investors such as New
Enterprise Associates, General Atlantic Partners, America Online,
Inc., Temasek Holdings of Singapore, and Singapore Telecommunications
who have recently participated in Exent's second round of financing.
Exent's EXEtender platform enables on-demand use of popular
CD-ROM software, games, education, and business applications over
broadband networks. EXEtender allows independent software vendors
and enterprises, as well as ISPs and ASPs, to deliver the software
titles high-speed subscribers want, without installing or downloading
software on the user's computer.
According to Zvi Levgoren, CEO and Founder of Exent Technologies,
"Exent is very proud to be chosen by Comcast Interactive Capital
for an equity investment. CIC brings a wealth of knowledge, experience
and industry contacts that will provide Exent a significant advantage
as we expand into the U.S. market."
"Exent's technology has the potential to revolutionize the
CD-ROM and ASP markets," said John Kole, Managing Director
of Comcast Interactive Capital. "Moreover, the company has
created a business model that provides a compelling value proposition
for all of the relevant parties - from software and content vendors
to broadband service providers and their subscribers." Kole
added, "We look forward to working with the Exent team in their
efforts to make EXEtender the key enabler for online application
delivery."
About Comcast Interactive Capital
Comcast Interactive Capital (CIC) is a $350 million venture capital
fund focused on Internet and other interactive technologies. CIC
is affiliated with Comcast Corporation, a diversified global leader
in broadband services, telecommunications, electronic commerce,
and entertainment. The fund's primary goal is to generate superior
financial returns from equity investments by bringing to bear the
unique resources, experience, and insight of both CIC and the Comcast
family of companies. Additional information is available at http://www.civentures.com
About Exent Technologies Inc.
Exent Technologies is a global leader developing Applications-on-Demand
technology for use in advanced telecom, broadband and enterprise
services that delivers computer software programs over IP networks.
Its flagship product, the EXEtender delivers any executable (.exe)
software securely over the Web or an enterprise network for licensed
users.
Exent has a worldwide marketing deployment, offices in the United
States, Hong Kong and Israel and it is noted among broadband service
providers around the world.
|