IBM 1999 Annual Report Download - page 16

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internet capital group
wayne pennsylvania
To build relationships with fast-growing Net startups, IBM has
committed $200 million to venture capitalists like
Internet Capital Group (ICG) – part of more than $1 billion
we’ve committed to NetGen companies. Among those currently
hatching in the ICG incubator are United Messaging, Inc. (UMI),
a business-to-business startup offering outsourced services for
high-performance e-mail options such as Lotus Notes/ Domino.
In a local coffee shop, Stephen Layne, president and CEO of UMI,
goes over the marketing, architecture and terms of a multimillion-dollar
deal to use IBM’s Netfinity servers for its Managed
Messaging Services platform.
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