Feeds

Antfactory fund nets $350m investment

If bees make honey, do ants make money?

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Internet incubator fund antfactory has scored a $350 million deal with three top flight venture capital firms. The three - JH Whitney, CVC Capital Partners and Citicorp Venture Capital - are among the largest private equity companies in the world and JH Whitney was one of the original founders of antfactory in 1999. CVC and Citicorp Venture have, between them, a portfolio of some 200 companies, many of which will be suitable antfactory development partners. Antfactory already holds interests in 17 companies and a further 40 coming on stream this year will boost this. Antfactory's chairman and CEO, Harpal Randhawa, said: "We are delighted that three of the world's premier private equity firms have chosen us as their strategic partner to co-invest in new ecommerce and technology opportunities across Europe." Antfactory focuses on four particular areas of business development. They are: online aspects of traditional off-line businesses; developing what it calls neutral marketplaces by partnering with companies that have mutual interests; bringing fledging ecommerce companies together with experienced business managers; helping established ebusinesses expand into new markets. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.