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COLLABRIA SECURES FUNDING IN EXCESS OF $46 MILLION
FROM PREMIER INTERNET INVESTMENT FIRMS
MENLO PARK, CA -- January 25, 2000 -- Collabria, Inc., provider of the
only total eBusiness solution for the Printing and Publish publishing
industry, today announced that it has secured more than $46 million in
investment funding. The funds will be used to continue the development
of e-service modules to strengthen Collabria's Intelligent Print Workplace
as well as to dramatically increase sales and marketing efforts.
Leading this round of funding is ABS Ventures, with additional funding from Charter Ventures, Comdisco Ventures, Mitsui Corporation, Sands Brothers and several private investors. Original investors Bessemer Venture Partners, Weiss, Peck & Greer and Internet Capital Group have also increased their investment in Collabria.
Collabria's service-based system enables print buyers, printers and print resellers to conduct all aspects of eBusiness via the Internet, offering the only true end-to-end solution. Collabria's suite of products, including PrintCommerce and WebDocket, includes modules for on-line collaborative project management, catalogs for reordering templated documents with static and variable data, and full supply chain integration. Unlike eBusiness portal solutions, Collabria's Intelligent Print Workplace integrates all functions and players, returning tangible cost savings throughout the total printing and publishing process.
"We're extremely pleased to welcome our new venture partners," stated Alan Hu, president and CEO of Collabria. "Coupled with the endorsement of over 300 customers, this commitment from such a distinguished group of inventors further provides validation of our business model and ability to execute."
"ABS Ventures believes that for B2B companies to truly meet and exceed customer expectations, they must provide total and deep industry solutions that integrate and benefit all players involved," stated Jin Byun of ABS Ventures. "Collabria's true end-to-end solutions are unique in the printing and publishing industry and so is their collaborative business model."
Founded in 1997, Collabria is the creator of the Intelligent Print Workplace,
a comprehensive set of Internet-based end-to-end solutions for the printing
and publishing industry. Collabria offers the only complete solution to
handle enterprise-wide printing and customized marketing, thereby addressing
the inefficiencies of print, supply chain and procurement management.
Focused on relationship-centric solutions, Collabria provides the only
no-conflict system designed to enhance existing relationships between
corporate customers, their printers, and their print resellers. Marketing
and purchasing managers realize significant savings from on-line project
management, print ordering and distribution efficiencies. Printers and
resellers take advantage of these solutions to expand and strengthen their
customer relationships while realizing hard dollar savings from simplified
and automated business processes. Founded by marketing and printing industry
veterans with an insider's clarity of the pains and challenges, Collabria
is funded by premier venture capital firms including Bessemer Venture
Partners, Weiss, Peck & Greer, the Internet Capital Group and ABS
Ventures.
Contact: Craig Kevghas, CPR Marketing, Inc. T: 978-392-8990. E: PR@collabria.com.
Brigitte Heiser, Collabria. T: 650-306-0789. E: bheiser@collabria.com.