Friday, October 27, 2000

Bits & Bytes -and- Shakers & Stirrers 10/27/00

Shakers and Stirrers
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Arc Shuts Down Proxicom Promotes Pappas IBS Interactive Names New President Richard Core Named Editor of

News Bits And Bytes
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Razorfish Tops Forbes 200 Razorfish, Inc., is in good company. The global digital solutions provider was named to Forbes Magazine's "200 Best Small Companies." According to Forbes' October 2000 issue, Razorfish ranked number one in sales growth among the 200 other companies included in the ranking. Razorfish's sales increased 412% annually during the past five years versus an average gain of 41%. The Forbes 200 Best Small Companies list is comprised of companies with annual sales between $5 and $350 million. Companies selected for the list had to undergone a comprehensive financial evaluation, and demonstrate five years of consistent sales and earnings-per-share growth and four consecutive quarters of net income surpassing $1 million

Karetsu Expands into Empire State Building In the next step toward expanding its reach, Gorann's Irish incubator Karetsu has taken space in the southwest corner of the Empire State Building's 58th floor. The ESB 2000 square-foot location will allow Gorann's Irish companies immediately gain a U.S. base, U.S. prospects and U.S. partners. This is essential in a country that considers local businesses to be he only serious companies out there. Furthermore, Gorann business developers will act on the clients' behalf by opening up new opportunities in the U.S. Some U.S. high-tech companies will also occupy the Karetsu, providing all the aspects of shared experiences so important to a successful environment. The view from the 58th floor is amazing, spanning down to the Twin Towers and across into New Jersey. Imagine this: the windows actually open to fresh air and fresh ideas.

Designing the Web Tom Klinkowstein, president of Media A, LLC, and professor of Digital Design at Pratt Institute, spoke on September 18th at the Prix Italia TV / Web conference in Bologna, Italy. Mr. Klinkowstein spoke on, "Principles of Web Architecture," with Dr. Derrick de Kerckhove, director of the McLuhan Program in Culture and Technology at the University of Toronto. Other presenters included the author Umberto Eco and film director David Lynch.

OpenTable Secures $42 Million in Financing The tab is on OpenTable, thanks to $42 million in mezzanine financing. The provider of Internet-enabled customer relationship management (CRM), marketing, yield management and reservations solutions to the $500 billion global foodservice industry, has aggressive plans to extend its offering of networked applications for the hospitality industry. It will deliver a full suite of Internet and software solutions to connect restaurants, hotels and consumers. OpenTable's technology solutions bring restaurants the applications they need to drive revenue and profitability, simplify operations, enhance guest relationships and effectively compete in today's marketplace. Investors in the company's financing round include Worldspan and leading venture capital firms Benchmark Capital, Adam Dell's Impact Venture Partners, Integral Capital, Epoch Partners, Comdisco Ventures and Upstart Capital.

New Restaurant Solutions Look for OpenTable to release OTRestaurant - a web-based solution that enables restaurateurs to remotely access reservation data and reports, and dynamically update Dining Rewards in order to effectively and quickly manage yields. Other OpenTable products currently in development include centralized database solutions to enable restaurant groups to efficiently manage reservations and customer databases for multiple locations, executive-level reporting applications, Internet marketing tools, anywhere/anytime access to OpenTable's electronic reservation book (ERB), and ERB integration with point-of-sale (POS) systems for improved operational forecasting. The company is also working on International versions of its ERB and plans to launch its service in France within the next few weeks.

Bloomberg Launches Investor Relations Channel Bloomberg has launched the Investor Relations Channel, a unique communications tool that allows direct distribution of information to the institutional and retail community. The Investor Relations Channel is designed to help corporations meet their new responsibilities under Regulation FD the Securities and Exchange Commission's mandate on full and fair disclosure to all investors by publicly traded companies. Regulation FD requires public companies to avoid making selective disclosure to analysts and others of material company information and to make full public release of any information that is being disclosed on a non-confidential basis to those outside the company. Namd #1 is the #1 news site for the month of September, according to the most recentdata compiled by Nielsen/NetRatings and Media Metrix. Traffic to MSNBC Sports during the Olympics set new audience records. maintained its standing as the primary source for news on the Internet with a significant lead over the competition in the combined Home/Work audience. September Nielsen/Netratings show had 10.4 million Home/Work users versus's 7.6 million Home/Work users. According to Media Metrix, remains at the top of the General News category with 8.9 million unique users in September, ahead of Goes for the Best, New York's only nonpartisan election site, named eight prominent Silicon Alley leaders to its Advisory Board. The newly created Advisory Board represents a diverse cross-section of Silicon Alley movers and shakers. Members of the board include: Monte Bartlett, brand strategist, Method; J.P. Frenza, worldwide marketing director, IBM; Josh Isay, director of public policy, Doubleclick; Alice O'Rourke, executive director, New York New Media Association; Courtney Pulitzer, publisher, The Cyber Scene; Andrew Rasiej, founder, Making Opportunities for Upgrading Schools and Education (MOUSE); Omar Wasow, executive director,; and Jeff Yang, CEO and President, aMedia. David Birdsell professor and executive director of academic programs, School of Public Affairs, Baruch College and Marvin Rosen, former chairman of the Democratic National Committee, are also Advisory Board members. Hoffman and Mark Schmitt, senior advisor to and a program officer at The Open Society Institute, serve as co-chairs.

Screaming at Javits ScreamingMedia has decided to take advantage of having Fall Internet World
in our backyard. The first of ScreamingMedia's "March on Javits" began at the show. Hundreds of Screamers, all dressed in the signature ScreamingMedia red logo t-shirt, walked the 10 blocks from the company's offices to the Javits center, handing out pins, business cards, and brochures to people passing by and inside the show. It was a sight to behold.

ScreamingMedia Hits the Stands ScreamingMedia plans to dramatically expand its popular News!Stand service. ScreamingMedia News!Stand is an affordable, easy-to-implement content solution that provides websites, enterprises and wireless networks with packages of news stories, organized by subject-category, and updated continuously and automatically. The expanded service will debuted during Fall Internet World at the Jacob Javits Center in New York City, October 25-27. Then starting in November, ScreamingMedia News!Stand will feature a wide range of special-interest and industry-specific categories of news. Highly targeted categories like Nuclear Power News, Electronic News, Telecommunications Services News, Biotechnology News, and many others, will be offered, in addition to the general-interest news
categories already available through News!Stand.

Razorfish Takes Home M&M Grand Prix Awards Razorfish, Inc., the global digital solutions provider, was recognized at the M&M Grand Prix Awards of Finland in both the best design and best customer relationship marketing categories. Razorfish received the best design award for, a mobility community service portal created for Nokia, a world leader in communications. Razorfish received the best customer relationship marketing award for its work on, a relocation portal created in conjunction with Fortum, one of the leading energy companies in the Nordic countries. Both projects were recognized for their intuitive usability and strategic excellence.