Deal Flow Rewardsplus harvest one million $ 69

For this column in your field, you can subscribe to our e-mail newsletter Deal Flow. And subscribe Deal Flow Europe, around the globe during the week is on the other side of the pond.
SCOREBOARD DEALFLOW / July 20

Communication devices: Astral Point Communications, $ 40MINTERNET: Affinity Internet, $ 60M nurseries: eCorporation $ 2.5MSOFTWARE: Defendnet solutions $ 8M; eConvergent, $ 32M DEALFLOW Digest: COMPUGEN $ 35.4M; Comunia $ 1M; iBenefits, $ 41M; Inter Saver , $ 636K; Need2buy.com, $ 43M; Picis, $ 34m, San Valley Systems, $ 25 million; Storage Apps, $ 25M; Terra Magica, $ 300K; Voyan Technology, $ 5.5MPEOPLE: Jeff Stevenson, tire - Alcatel Venture Partners, Elevator pitch: RateItAll, $ 10M
DEAL du jour: REWARDSPLUS, $ 69m

The origins date back Rewardsplus four years and are at a Baltimore office of insurance. It was then that insurance Barksdale Kenneth Mann had an epiphany, which was roughly this: he was tired of working for the man, he started his own business. It would be an online empire. Today, those dreams seem accessible. Mr. Barksdale has more than $ 100 million for financing, and thereafter, as it passes this tour, it is more likely to gather. The business plan makes sense: companies entrust Rewardsplus (www.rewardsplus.com) dealing with benefits to workers to pay the bills and select insured. It also provides tools for investment clients. Mr. Barksdale is in a hot room at the moment with other early muscle in the experienced M. Barksdale has launched its efforts during 1996, and before doing so, chiseled planning a profitable activity and follow a solid base of customers, including AT & T, 7-Eleven, Lucent and rules Prudential. It has a low rate Burn - $ 1.2 million per month - and extends gently. Revenue from connectivity and management fees in addition to Business Process Outsourcing taxes.

Investors: Prudential Insurance ($ 38M, lead); UnumProvident; Grotech Capital, capital-century and U.S. Bancorp Piper Jaffray Ventures.

– Richard Byrne Reilly

Communication Equipment

ASTRAL POINT COMMUNICATIONSwww.astralpoint.comChelmsford, MAFUNDING: $ 40M (a portion of $ 80m in length) Pre-financing: $ 73MROUND: Category 3: optical components of the network DESCRIPTION: Developed metropolitan area optical networking products. Lead-Investors: Bowman CapitalOTHER investors: KMC Investment Partners, E-TEK Dynamics, GE Capital, Bowman Capital, Essex Investment Management, The Sprout Group, New Enterprise Associates; Oneliberty VenturesTHE HERRING Take: Astral packaging may be a lot of traffic in The subway - Bahn. The company is optical networking solutions transmission allows for Telcos Squeeze 32 DWDM (Dense Wavelength Division Multiplexing)-laser on a single optical fiber in the subway network. It is against the value of 53.056 T1 lines. Raj Shanmugaraj CHAIRMAN said, creates huge economies of scale for airlines after a possibility sought, transport of voice and data in the metro area economy. But that’s not all. Astral platform also includes software for the protection of the transportation system and any failure to provide new services on-Demand. The company sells its aircraft ILECs, CLECs and Exchange Carrier as AT & T and MCI. Prices range from $ 30000 to $ 250000 according to figures from the equipment. A customer must be typical of $ 4 million (a small CLEC), a USD 150 million (a large telco). Mr. Shanmugaraj said, it is already four “of the trademark” airlines on the gearbox. This should be undertaken with a view to an IPO during the first half of 2001, with profitability in the near future, “he said.

Fitch upgrades Q-IFS Ratings-U.S. insurer damages

CHICAGO - Fitch Ratings today announced its updates Quantitative Insurer Financial Strength (Q-IFS) 555 ratings for USA claims of insurance companies. Meanwhile, Fitch has the new Q-IFS rating on the 80 USA insurers. Of the 555 updated ratings, there are 69 upgrades, 25 demotions and 381 claims. Fitch notes that the

Life Settlement Association welcomes the State to adopt legislative measures chairs while preserving property rights in life insurance

ORLANDO, FL - 04/11/08 - The Life Insurance Settlement Association (LISA), Maine and Kentucky applauded the passage of legislation aimed specifically address Stranger Originated Life Insurance (STOLI), a illegal practice contrary to the laws of state insurable interest. They rejected the anti-legislation on the protection of consumers of commodities to

Obama Campaign Opens Second Kentucky Office

LEXINGTON, Ky. (AP) - Democratic presidential candidate Barack Obama has his second campaign office in Kentucky. The campaign was felt Monday, a demonstration to the followers of his new Lexington determined that nearly 400 people. Obama's national director Carolyn said plans are Tandy For Obama and his wife in Kentucky for the

Your insurance money in the workplace

The tab for Charley, Frances, Ivan and Jeanne in 2004: $ 26 billion. The bill for Katrina in 2005: $ 40 billion. Wilma and Rita? $ 15 billion. The assurance of the economy has made most of the bills, but now American consumers to pay these higher premiums and limited

Owensboro, Ky. Health, the trading system of insurance contracts.

Owensboro Mercy Health System in negotiations with two insurance companies, which ultimately lead to more opportunities for employers and local employees. Negotiations began about two weeks with Family Health Blue Grass at Lexington and several months of Louisville's Humana. "We are talking to anybody," said Bill Price, Senior Vice President of Finance

Fat auto insurance savings proposed: Companies: Let give you medical care their driver

Insurance companies are again the limits of Michigan's only one-in-the-nation has no debt law that requires all motorists to bear unlimited medical care - a mandate from the insurer to say readers All tariffs. Some legislators seem more willing than in previous years for a review of the problem. The possibility for

Clarification Anthem insurance wants a transfer to a shareholder Owned Firm

The story slugged LX-INSURANCE, applied for June 22 KRT Business News, requires clarification in this sentence: "In general, most of [individual market] members are eligible," said Lauren Green-Caldwell, a Spokesman of the hymn. " The text in brackets is more precise than the original formulation. Whole, amended the following story. Anthem Insurance

Soaring insurance premiums auto have rekindled debate on strategies, actions

No-Fault's Second Coming You are aged 20, a pre-med student at Syracuse University, where you play Varsity Lacrosse and a part-time job in a local pizzeria. You are the return trip to campus one evening in spring, when you sign a new driver. They suffer from cerebral concussion, broken bands and

Health services director Kentucky request of health care

Health insurance may be one of the last things in the minds of students, when they head to College, but one of the University of Kentucky administrator said students take an enormous risk, without him. More than 20 per cent to 30 per cent of students have no health insurance, said

NiSource still Tops List receipts Gainer

For the second consecutive year, NiSource Inc. led the way in Indiana to businesses that the government "top Gainer revenue in 2001. Merriliville based NiSource sent total turnover of 9.46 billion dollars during the last year, compared to 6.03 billion dollars in 2000 - an increase of 57 percent Only a

Kentucky Insurance