December 2002

  • San Jose Systems hired Michael H. Jupina as CEO in the fourth quarter 2002.
  • Labrador Ventures invested $1.4 million Aperto Networks at the end of the fourth quarter as part of a $22 million Series C financing.
  • The San Jose Business Journal featured Aperto Networks and its $22 million C-round of financing in a front-page story on December 20, 2002. The Company has sold its technology to 32 service providers in 22 countries and will use the funds to ramp manufacturing, sales and marketing.
  • VERITAS Software (Nasdaq: VRTS), the leading storage software provider, announced on December 19, 2002 that it has signed a definitive agreement to acquire Jareva Technologies. "The combination of VERITAS' storage software and Jareva's server automation technology is unique. Together we help CIO's dramatically lower their storage and server hardware investments," said Jagadish Bandhole, chairman and CEO of Jareva Technologies. "In addition, VERITAS' financial strength and distribution capability will enable us to drive mainstream adoption of our technology and execute on our product vision."
  • Proficient Systems launched its new website at

November 2002

  • Nina Ebert joined Labrador Ventures as the Chief Financial Officer on November 15, 2002.
  • NextHop Technologies and SSH Communications Security, a world-leading developer of Internet security solutions, announced a co-marketing agreement to help assure the compatibility between SSH's award-winning IPSec (Internet Protocol Security) technology and NextHop Technologies' GateD(TM) routing software.

October 2002

  • Terra Lycos, the largest global Internet network, acquired GetRelevant on October 7, 2002. The acquisition adds a powerful suite of products to Terra Lycos's direct marketing services and gives the company's advertising clients access to a uniquely qualified audience to drive higher conversion rates.

September 2002

  • Labrador’s Larry Kubal was a panelists at the PricewaterhouseCoopers “Shaking the MoneyTree Q2 2002” Conference on September 12, 2002 in Santa Clara.

August 2002

  • Venture Reporter featured a story on Thursday, August 15, 2002 on the aquisition of United Messaging by Agilera. The acquisition expands Agilera's ability to deliver hosted e-mail and collaboration services to business enterprises worldwide.
  • InternetWeek reported on Wednesday, August 7, 2002 that Plumtree Software announced a new enterprise portal package targeted at smaller organizations and departments. The new package is targeted for deployments of 250 users and less, and includes server products for collaboration and database application development and integration products for e-mail, calendar, contacts, and Microsoft Excel files.
  • Jareva was featured in a August 1, 2002 Network World article titled "Let the BladeForce be with you."

July 2002

  • NextHop Technologies joined the Network Processing Forum (NPF) on July 29, 2002 to help set industry specifications for network processing technology. NextHop will participate in NPF working groups to resolve common technical issues in the implementation of network processing.
  • Labrador's Larry Kubal moderated a panel with other venture capitalists on July 18, 2002 at the Monterey Bay Venture Capital Conference. The panel was titled "Investor Insights: Leading investors lend their insights into raising capital in the current environment and what it takes to hang tough" .
  • Proficient Systems, the innovator in multi-channel sales optimization software, announced on July 25, 2002 that it has raised an additional $6 million to close its previously announced Series B round at a total of $9 million. Proficient's investors include: Labrador Ventures, GIMV, Kinetic Ventures, Fuqua Ventures and private investors.
  • The IPO of Plumtree was featured in a Forbes Magazine article titled, "Respect."
  • Silverpop announced a prestigious list of marketing agencies and consultancies to its Dynamic Marketers Program. These new agency partners are utilizing Silverpop's powerful software solutions to make e-marketing a valuable service offering for clients.
  • Silverpop announced several key additions to its customer list, including The Museum of Modern Art (MoMA), bringing the Company's customer count to more than 35 new clients in 2002 alone, including a number of Fortune 100 corporations.
  • Atesto Technologies named Erika Williams as president and CEO on July 18, 2002. The company also announced it has hired Kim Miyoshi as vice president of finance and Joel Maske as vice president of sales. Venture Wire People covered the news of these new hires.

June 2002

  • Jareva Technologies was named in a June 24, 2002 Business Week story titled "Who Will Master the Server Biz." The article states, "Dell didn't have the expertise in house to develop the sophisticated software needed to manage these machines [blade servers] and has had to license the technology from Sunnyvale (Calif.) upstart Jareva Technologies Inc.
  • The June 2002 issue of Fundraising Forum listed Labrador Ventures, New Enterprise Associates, Venture Law Group and Arno Penzias as lead investors in NextHop Technologies. NextHop increased its Series A round with an additional $2 million from new financiers bringing the total amount raised to $13 million.
  • Labrador's Sean Foote spoke on a panel titled "Finding Your Early-Stage Investor" at the Worth Magazine/Futuredex Investor Exchange conference on June 6, 2002 in San Francisco.

May 2002

  • Jareva Technologies announced on May 7, 2002 that its groundbreaking Elemental Server 2.0 and OpForce IT Automation application suite extends the Microsoft.NET framework through rapid provisioning, control and update capabilities.
  • Handspring unveiled two new Treo handheld computers powered by Visto technology, The San Jose Mercury News reported on May 28, 2002.
  • Atesto founder, Dave Mukherjee, was profiled in the San Jose Mercury News on Sunday, May 26, 2002. Mukherjee founded and served as chief executive of six technology companies, all profitable, including Atesto Technologies, Astral Systems and Angine.
  • Jareva Technologies announced the availability if its new BladeForce Blade Management Suite. BladeForce helps enterprises address blade server management complexities without worrying about underlying infrastructure.
  • San Jose Biz Inc ran a story titled: "A Plum Offering: Plumtree Software is scheduled to IPO in a signal that tech companies may soon breath life into the deflated public markets.

March 2002

  • NextHop Lands $11 million," reported The Wall Street Journal on March 8, 2002.
  • Labrador's Sean Foote instructed first year students on venture capital investing in a Strategy Class at University of Virginia's Darden School of business. Mr. Foote also wrote a Case Study with Professor Sankaran Venkataraman for the class.

February 2002

  • Labrador Ventures invested in NextHop Technologies Series A round. Other investors include: New Enterprise Associates (NEA), Venture Law Group, and Arno Penzias, former Bell Labs chief Scientist. NextHop is the definitive source for network routing software solutions and its flagship product, GateD, the de facto standard, is the most widely used vendor-neutral routing software in the world.
  • Labrador's Stuart Davidson spoke on investing in early-stage venture capital at the SuperReturn 2002 European Private Equity and Venture Capital Summit in Munich on February 28, 2002
  • Teraburst Networks unveiled its innovative Wide Area Visualization Solution (WAVS), designed to provide connectivity and real-time collaboration capability between geographically disparate locations of high bandwidth, 3D display and video applications, over optical networks on February 4th.

January 2002

  • Labrador's Larry Kubal was quoted in a January Venture Capital Journal article titled, "VCs Hone In On Products, Profitability."
  • Jareva Technologies, Inc. announced on January 28th, 2002 that its flagship product, the OpForce Infrastructure Automation Suite, was qualified compatible with Compaq Computer Corp's new ProLiant BL e-Class server blades. Enterprises can now improve IT infrastructure efficiency and response time with solutions that combine Compaq ProLiant Server Platforms with Jareva's OpForce Suite of Applications.
  • Yube Won Product of the Year Award for 2001 by the Customer Inter@actions Magazine. The award is given to the next generation of software and services providers that enable enterprises to enhance operating efficiencies while improving quality, as well as help them become more effective in acquiring, retaining and growing customer relationships.
  • Labrador's Stuart Davidson spoke to students at MIT's Management of Technology Venture Capital Panel on January 8.

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