Norwest Venture Partners, a venture capital business partner for emerging growth IT companies, today announced a $3.25 million follow-on investment in Arbortext, the provider of standards-based enterprise software for information creation, editing and publishing. Norwest has invested a total of more than $9 million in Arbortext, and Promod Haque, managing partner with the firm, is a member of Arbortext’s board of directors. This second round of funding, totaling $10.25 million, was led by Invesco and also included an investment by Access Capital. Arbortext plans to use the funding to expand sales and marketing activities. www.arbortext.com, www.norwestvc.com
Month: January 1999 (Page 2 of 6)
The W3C has released a test suite for Cascading Style Sheets (CSS). CSS is a widely supported style sheet language that describes how Web documents (e.g., written in HTML or XML) are presented on screen, paper, in speech, etc. The CSS1 Test Suite will help implementors improve CSS1 support in their products and will enable Web page designers to verify the quality of CSS1 support in their browsers. Solid CSS support across a variety of browsers will encourage authors to use style sheets. The test suite consists of nearly 100 pages, each of which documents a section from the CSS specification. Using words and images, the pages describe how the various CSS features should be rendered. www.w3.org/Style/CSS/Test/
Verity, Inc. and Corel Corp. announced an OEM agreement involving Verity’s HTML Export technology. Corel is embedding Verity HTML Export in its new, knowledge publishing application, code-named NetDocs, which will be included in part of Corel’s upcoming version of WordPerfect Office 2000 Professional. HTML Export is designed to provide conversion of business documents into HTML for Web publishing. Verity HTML Export allows an organization to publish and view documents from a standard Web browser by regenerating files into HTML from their native formats, without requiring an HTML editor or the original application that created them. It is designed to enable Corel users to conveniently convert documents to HTML from within the application’s “save as” feature. www.verity.com, www.corel.com
PC DOCS/Fulcrum also announced the release of KNOWLEDGE Base32, its new “precedent management” business application. An extension to DOCS Open, KNOWLEDGE Base32 (KB32) goes beyond document management technology to give attorneys the ability to create and manage a library of their intellectual assets – documents that hold historical knowledge, legal know-how, or judgements which have set precedents. In the precedent library, these documents are continually stored, reviewed, and approved by people selected from within the firm. www.pcdocs.com
PC DOCS/Fulcrum, announced the Enterprise Table of Contents (ETOC), a new component to be featured in upcoming versions of the DOCSFulcrum enterprise knowledge management system. ETOC technology allows users to browse a hierarchy of all information available in an enterprise — similar to the table of contents in a book – by employing a neural network-based content analysis technology to automatically classify information from a variety of different sources and repositories. This eliminates the primary difficulty of not knowing precisely what to look for or where in the network to start looking for knowledge that matters to the user. Information is pulled from file systems, Microsoft Exchange, Lotus Notes, databases, document indexes, and other information systems available to DOCSFulcrum. www.pcdocs.com
NetRight Technologies also announced a partnership with LEXIS-NEXIS, the world’s leading provider of enhanced information services for online, Internet, CD-ROM and hardcopy formats, to integrate document management and online research tools for legal professionals. Users of NetRight’s iManage document management system will now have a “button” from which they can launch the LEXIS-NEXIS on-line research tool directly from iManage. Once information is located in LEXIS-NEXIS it can then be downloaded into iManage. After the document is imported into iManage it can be stored, retrieved and edited. www.netright.com, www.lexis-nexis.com
NetRight Technologies has introduced a Microsoft Outlook integration client for iManage. This new interface enables integration between the iManage document management system (DMS) and Outlook, Microsoft’s messaging and workgroup interface. Using the Outlook client, users can perform many of the familiar Microsoft Outlook tasks on documents stored in the DMS. For example, users can now sort documents based upon their status (checked-in or checked-out), who checked them out, and apply Outlook rules. The expanded search capabilities of DMS are made available through the usual search dialogs. Users can also move mail messages and attachments straight into the DMS without the need for a separate interface or application. The new Outlook client also enables users to e-mail iManage documents as links or attachments. Features of Outlook such as “drag and drop” functionality including importing and exporting are also included in the new client. www.netright.com
Workgroup Technology Corporation, (the PDM system provider) announced its financial results for the third quarter of fiscal year 1999 ended December 31, 1998. For the third quarter of fiscal 1999, WTC reported revenue of $2,183,000 compared with $1,897,000 in the third quarter of fiscal 1998. The net loss for the third quarter of fiscal 1999 was $2,120,000, or $0.25 per share, compared with a net loss of $1,727,000, or $0.21 per share, for the third quarter of fiscal 1998. Revenue for the first nine months of fiscal 1999 was $6,093,000, compared with $5,611,000 for the comparable period one year ago. The net loss for the first nine months of fiscal 1999 was $6,841,000, or $0.81 per share, versus a net loss of $5,437,000, or $0.66 per share, for the first nine months of fiscal 1998. www.workgroup.com
