eShare Technologies, Inc. - Adding the Power of People


PRESS CONTACT:
For eShare Technologies, Inc.:
Michelle Rowley
770-239-4484
mrowley@melita.com


















 
eShare Technologies, Inc. Receives an Additional $4 Million in Capital Investment

Also Announces Development Partnership with Computer Associates International, Inc.

COMMACK, NY — November 10, 1997 — eShare Technologies, Inc. (www.eshare.com), a leading provider of software technology and tools for online community building, announced today an additional $4 million aggregate investment from all the company's original investors in its 2nd round of venture capital funding. SOFTBANK Ventures Inc., Chase Capital Partners and Flatiron Partners have all re-affirmed their strong commitment to eShare Technologies' complete line of community-building products and services for corporate America's Internet and Web sites, intranets and extranets.

"It is a tremendous vote of confidence to receive this additional funding from all of our original investors," said James Tito, president and co-founder of eShare Technologies, "and from two companies that are clearly devoted to the high-technology market and the largest bank holding company in the U.S. It strengthens our dedication to becoming the leading provider of advanced technology, tools and services for online community building."

The newly introduced eShare Expressions 3.0 product line is the first end-to-end offering of software tools and professional services for online community builders. The complete family of products includes: eShare Expressions 3.0, eShare Expressions Interaction Suite and eShare Expressions Advanced Community Building Suite. The company also offers eShare Expressions exclusively for ISPs looking to grow their business and eShare Reunion for the home user.

Jerry Colonna, managing partner of Flatiron Partners, said, "Industry studies have shown that adding interactivity for developing online communities can dramatically improve a site's performance, enabling companies to provide better service and support to customers and even employees. eShare Technologies' is the first to introduce a powerful product family that meets the needs of any size-company."

In addition, eShare Technologies also announced today a development partnership with Computer Associates International, Inc. to integrate the core feature set of eShare Expressions' powerful community building technology with CA's Unicenter TNG environment. The addition of this technology to CA's Unicenter TNG will provide enhanced communication and interactivity for the industry-leading enterprise management solution. This partnership builds on an existing alliance with NetHaven, a division of CA that empowers organizations with the services to design, deploy and manage interactive and commerce-ready Web sites.

eShare Technologies, Inc. (www.eshare.com) delivers advanced technology, tools and services to meet the growing demand for online community building products and solutions to corporate America. eShare is an industry leader in the development of innovative software technology that includes the only distributed architecture for live text communications and threaded discussion forums. The award-winning eShare Expressions product family ranges from solutions for large, distributed enterprise sites to tools for the smaller company. Current eShare Technologies clients include early Internet pioneers Geocities (www.geocities.com), Lycos (www.lycos.com) and UUNet (www.uunet.com).

SOFTBANK Ventures Inc. is the venture capital investment arm of SOFTBANK Corporation, the world's largest publisher of computer-related magazine and books, and is the world's largest producer of technology-related trade shows and expositions. In Japan, SOFTBANK is the largest distributor of computer software, peripherals and systems. SOFTBANK, whose stock is traded over-the-counter in Tokyo, had revenues of $1.6 billion in the fiscal year ended March 31, 1996. SOFTBANK has approximately 6,500 employees worldwide.

Chase Capital Partners is a global private equity partnership with over $3.5 billion user management. It is a leading provider of private equity and has closed over 500 individual transactions since its inception in 1984. Chase Capital Partners' sole limited partner is The Chase Manhattan Corporation, the largest bank holding company in the United States with total assets of approximately $320 billion.

Founded in August 1996 as a joint venture of SOFTBANK Ventures and Chase Capital Partners, Flatiron Partners mission is to become the leading Internet-focused, venture capital firm in New York and the East Coast.

Unicenter ® TNG ™ and NetHaven ™ are trademarks of Computer Associates International, Inc.

# # #


[ Products & Services ] [ Partners ] [ Support ] [ Company ]


Copyright ©1999 eShare Technologies, Inc. http://www.eshare.com/
51 Mall Drive, Commack, NY 11725, Tel: 516-864-4700, 888-ESHARE4 Fax: 516-864-0833