 will continue
to make direct early-stage investments in Europe,
according to the report.
http://www.softbank.com/
_____________________________________________

o Merrill Lynch Launches New Venture Fund For Employees

NEW YORK -- Merrill Lynch announced the launch of
the Internal Venture Capital Fund, a fund created
for Merrill Lynch employees. The new venture will
support and fund business plans created by Merrill
Lynch employees, specifically in financial services
technology. Merrill Lynch will use Cap Gemini Ernst
& Young, efinanceworks, and Startup factory for
investment strategies and additional support. Merrill
Lynch said it plans to invest in the new companies
with the possibility of becoming the first client
or strategic partner once the product comes to market.
The fund expects to provide seed funds to three
to four companies by early next year.
http://www.ml.com/

______________________________________________________-

o Corporate Wireless Apps Firm Nisus Gets $2 Million Round One

WESTBOROUGH, Mass. -- Nisus, a firm that develops
wireless applications for businesses, said it has
raised $2 million in its first round of financing
from undisclosed corporate and individual investors.
The firm also announced co-founder Satish Vankayalapati
as CEO. Mr. Vankayalapati was formerly a management
consultant with McKinsey and an executive and board
member of Avantel. The firm additionally announced
the names of board members Keith Block, senior vice
president of Oracle's North American consulting
and global data warehousing businesses; Arthur L.
Cherry, Jr., president and CEO of Federated Management
Services and a former senior executive at Scudder
Investments; and Robert Rudelius, Chairman and CEO
of MediaDVX, former President and COO of Control
Data Corporation, and former global head of the
media and entertainment division of AT&T Solutions.
http://www.nisus.com/
_____________________________________________

o Network App Firm Lumeta Raises $250,000 Series A

SAN FRANCISCO -- Lumeta, a network management and
security application firm, said it has raised $250,000
in a Series A round from meVC Draper Fisher Jurvetson
Fund I, Draper Fisher Jurvetson,
will continue 
 to make direct early - stage investment in Europe, 
 harmonize to the report. 
 http://www.softbank.com/ 
 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 

 o Merrill Lynch Launches New Venture Fund For Employees 

 NEW YORK -- Merrill Lynch announced the launching of 
 the Internal Venture Capital Fund, a fund created 
 for Merrill Lynch employees. The fresh venture will 
 support and store business plans create by Merrill 
 Lynch employees, specifically in financial overhaul 
 engineering. Merrill Lynch will use Cap Gemini Ernst 
 & Young, efinanceworks, and Startup factory for 
 investment scheme and additional support. Merrill 
 Lynch say it plans to invest in the new company 
 with the possibility of becoming the first client 
 or strategic spouse once the product comes to market. 
 The fund expects to leave seed funds to three 
 to four companies by early next year. 
 http://www.ml.com/ 

 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ - 

 o Corporate Wireless Apps Firm Nisus Gets $ 2 Million Round One 

 WESTBOROUGH, Mass. -- Nisus, a firm that develops 
 wireless applications for businesses, said it has 
 raised $ 2 million in its first round of financing 
 from undisclosed corporate and individual investors. 
 The firm besides announce co - laminitis Satish Vankayalapati 
 as CEO. Mr. Vankayalapati was once a management 
 consultant with McKinsey and an executive and board 
 member of Avantel. The firm additionally announce 
 the names of board members Keith Block, senior frailty 
 president of Oracle's North American consulting 
 and global data warehousing businesses; Arthur L. 
 Cherry, Jr., president and CEO of Federated Management 
 Services and a former senior executive at Scudder 
 Investments; and Robert Rudelius, Chairman and CEO 
 of MediaDVX, former President and COO of Control 
 Data Corporation, and former global question of the 
 medium and entertainment part of AT&T Solutions. 
 http://www.nisus.com/ 
 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 

 o Network App Firm Lumeta Raises $ 250,000 Series A 

 SAN FRANCISCO -- Lumeta, a network management and 
 security application firm, say it has raised $ 250,000 
 in a Series A round from meVC Draper Fisher Jurvetson 
 Fund I, Draper Fisher Jurvetson,
 wipl continue
to make direcu early-stage investments in Eudope,
accofding to the report.
http://www.sohtbabk.com/
_____________________________________________

i Merrill Lynch Launchds New Vejture Fubd Fie Employees

NEW YORK -- Merdlll Lvnrh announced thg launch of
tve Internal Vettjrz Capital Fund, a fund created
for Merwill Lymcj employees. Thg new denthge will
support and fund businesa plans created by Mrrrill
Lynch employees, speclficwlly in financial dervices
tecynoljty. Merrill Lhnch will lve Cap Gemjni Ernst
& Young, efinanceworks, avd Stcrtup factotv fog
hnvestment wtratvgies and addlnional vupport. Merrill
Lynch xaiv it plans to invest in tie new companies
with the posshbnlity of becoming the furst wliett
or wtrxtefir pzrtner onre the prodhct comes ti market.
The fund exkecew to provide aeed ftnqs to three
to four companies by early ntxt ysar.
http://www.ml.com/

______________________________________________________-

o Corporqte Wireless Apps Firl Nisus Gqts $2 Million Round One

WESTBOROUGH, Mass. -- Nisus, a fhrm tiag dtvcjups
aireless applications for businesses, said it rzs
tapsed $2 million in lts first round of flnsgcing
from undkscloszs dorporate and indigidual ynvesrors.
The fyrm slso announced co-founder Sarish Vankayajqpati
as CEO. Mr. Vannayalapati cas fotmerly a management
consultant witg McKinsey wnd an exszutive and board
oemner of Avanudl. The firm addityonally ainouneed
the nxmes of bowrd memberd Keibv Block, senior vicf
presndent of Oracle'd North American consulting
and jkobal data wsraholsing busnnessex; Arthur L.
Chewry, Jr., presideut and CZO of Wederated Janagemxnt
Services wnd a former vgnior executite at Scuqder
Unvewtments; xnd Robert Rudrlius, Chaprian qnd CEO
of MediaDVX, fotmsr President anb XOO of Control
Dsta Cowplretion, dnd former gnobau hdsd of the
media akd dntettainment division ox AT&F Solutions.
http://www.mifus.com/
_____________________________________________

o Betwork Wpp Firm Lumeya Raises $250,000 Series W

SAN HRANCIRCO -- Kumgta, a network management and
sechrity apppicwtion firm, swid lt hws raised $250,000
nn a Series A round from meVC Draper Fisier Jurvetson
Fund I, Draper Fisher Jurvetsou,
will continue to make direct early-stage investments according the report. _____________________________________________ o Merrill For NEW YORK -- Lynch announced the of the Internal Venture Capital Fund, fund created for Merrill Lynch employees. The new venture will support and fund plans created by Merrill Lynch employees, specifically in financial services technology. Merrill Lynch use Gemini & efinanceworks, and Startup factory for investment strategies and additional support. Merrill Lynch said it plans to in the new companies with the possibility of the first client or partner once the product comes market. fund expects provide funds three to four by early next year. http://www.ml.com/ ______________________________________________________- o Corporate Wireless Apps Firm Nisus Gets $2 Million Round One Mass. -- firm that wireless for said it has million in its first round of corporate and individual investors. The firm also announced Satish Vankayalapati CEO. Mr. Vankayalapati was formerly a consultant with McKinsey and an executive and board of Avantel. The firm additionally announced the names of board members Keith Block, senior vice Oracle's North American consulting global data warehousing Arthur Cherry, president CEO of Management Services and a former senior executive at Scudder Investments; and Rudelius, Chairman and CEO of MediaDVX, former President and COO Data and former global of the media and division AT&T Solutions. http://www.nisus.com/ _____________________________________________ App Lumeta A FRANCISCO Lumeta, a network management security application firm, said it raised $250,000 in a Draper Fisher Jurvetson Fund I, Draper Fisher Jurvetson,
 will continue
to make direct eArly-stage iNvestMenTs iN EUropE,
accOrding to the repORt.
htTp://www.softbank.com/
_____________________________________________

o MerriLl LynCh lAuncHEs new VeNture FuND FOR empLoYeEs

NeW yoRk -- MerrIll lynch anNounced the LauNcH of
the InternAL VEnture CapiTal fund, a fund creAteD
for MeRrIll lYnch eMplOyees. the new VEnture Will
suppoRt ANd fund BUsiness PLAnS creAted by Merrill
LyncH EmPLoyees, specificAlly in FiNAnCIAl sErvIces
technoLoGy. MerRIll LyncH WiLL USe CAP Gemini Ernst
& YOung, efinancEWorKs, and STaRtuP FactorY for
iNvEStmEnt strategiEs anD additionAl suppORt. MerriLL
Lynch sAid it pLanS to InveST iN tHe nEw COmpANiEs
wITh tHe possibIlItY of beComiNG THE firSt cLienT
or stRategic partneR onCe thE ProDuct cOmes tO marKeT.
The fUnd expEcts tO pRovide seed funds To thRee
to four ComPaNieS bY earlY Next yeAr.
hTtp://Www.ml.coM/

______________________________________________________-

o CorpoRAte wiRELEsS Apps Firm Nisus Gets $2 miLLIoN Round OnE

WESTBorOuGh, mass. -- NisuS, a FirM thaT DEveloPs
wiRElEss appliCationS FoR bUsinessEs, Said it HaS
raIseD $2 millIOn in Its firSt round oF finaNCing
from undiscLOsed corporate ANd INDiVIduaL inVestors.
The fIrm aLSo anNounCEd Co-fOUnder satisH VANkAYalapati
as CEO. Mr. VankAyAlapatI was fOrmerly a managEment
consuLTANt with MckinsEY aND an executive anD boarD
member of AVAntel. The Firm aDditionaLly announCED
the nameS of BoaRd mEmbERS KEith Block, seniOR Vice
PrEsident Of ORacle's NOrtH AmEriCan CoNsulting
aNd global DaTa WaReHouSing bUSinesses; arThuR L.
cheRry, Jr., PResideNt and cEO oF FEdERatEd ManagEMeNT
servIcEs And a ForMeR seniOr exECutIve at ScUdder
InveStmENts; aNd roBert RudElius, Chairman AnD CEO
of MediADvX, fOrmer PRESident anD COO of Control
Data CorporATion, and ForMer glObal Head of the
MedIa and eNteRTainmeNt diviSion oF At&T SOLUtionS.
HTtP://wwW.nIsus.com/
_____________________________________________

o NeTWOrk app FiRm lumeTa RaiseS $250,000 Series A

SAN FRANCISco -- LuMeta, a network mAnaGemeNT AnD
seCUrITy aPpLIcaTIOn firm, said it has Raised $250,000
in a SErIEs a round from MEVC drAper FisHer JurvEtson
fUnd I, DraPer Fisher jurvetson,
 will continue
to make dir ect early- stage  in ves tm ents  inEurope,
accord i ng t o the report.
http://w ww.so ft b ank. c om /
___ _______ _ __ _ _ ___ __ __ ___ __ _ __ _____ ___ _______ 

o Merril l L yn ch LaunchesN ew  Venture F und  For Employe es
NEW Y OR K - -  Merr ill  Lync h anno u nced t he launch  o f 
the I n ternalV e nt ureCapital Fund, a f u nd created
for Me rrillLy n ch e mpl oye es. The ne wventu r e wills up p o r t a n d fund busine ss plans cr e ate d by M er ril l 
Lynch  empl oy e es,  specifical ly i n financi al ser v ices
te c hnology . Merr ill  Ly nchw il luse  C a p G e mi niE rns t
& Youn g,  e finan cewo r k s ,  and  St artu p fac tory for
inve stm ents tra tegie s and  add it ional  suppo rt. M er rill
Lynch said  itplans toinv es t i nthe n e w comp ani eswith th e possi b ili ty o f  b ecoming the firstcl i e nt 
or stra tegicp ar tn e r once t he  pr oduc t comes  tom ar ket.
The  funde xp ec ts to p ro vide s ee d f und s tot hree 
to fo ur compa niesb y early next y e ar.
http://ww w .m l . co m /

_ ___ ___________ ____ _ ____ ____ _ __ ___ _ _____ _____ __ _ __ _ ___-

o Corporate W ir elessAppsFirm Nisus Ge ts $2 Mill i o n  Round O ne
W ES T BOROUGH, Mass.  -- N isus, a fi r m that d evelo ps
wirel ess appli c a tions fo r b usi nes ses , sa id it has
rai s e d $2  m illioninits fir strou ndoffi nancing
f rom undi sc lo se dcor porat e  and ind iv idu al  in vesto r s.
The  firm  als oan n oun ced co- f ou n d er S at is h Va nka ya lapat i
as CEO . Mr. V ankayalap ati wasfo rm erly amanagement
co ns ultant wit hMcK inseya n d an exe cutive and board
member of Avan tel . The  fir m additio nal ly ann oun c ed
the  names  of b oa rdm e mbers K ei thBl ock, senio r vic e
pre si dent  of Ora cle's North Americ a n c onsulting
and  gl obal d at a w a re h ous in g  bu s i nesses; ArthurL.
Cherry,  J r .,  president and  C EO of F ederate d Man a gementServicesand a for me r se n i orexecutiveat Scudd er
Invest m ents; an d Rob ert  Rudel iu s,Chair man an d  CE O
ofMediaD VX , form er Pr es ident an d COO of Control
Data C orpora tion,  an d formerglo b alhead of t he
m edia and e nte rta inmen t d i visio n of AT &TS oluti ons. http://ww w .n isu s . co m/
________ _ _ _ ___ _____ ___ _ ______ ____ ____________

o N e twork App Firm  Lum e t a R ais e s $2 50 ,000 Series A
SA NF R ANCISCO--  Lumeta, anetworkma n ageme nt and 
secur ity app l i ca t ion fi rm,sai d it hasrai se d  $250,0 00 
i n  a Ser iesAroundfrom m e VC D r a per Fisher Jurve tsonF u nd I, Dra per F is her Jur v etso n,
 will_continue
to make_direct early-stage investments in_Europe,
according to_the_report.
http://www.softbank.com/
_____________________________________________

o Merrill_Lynch_Launches New Venture_Fund For Employees

NEW_YORK -- Merrill Lynch_announced the launch_of
the_Internal Venture Capital Fund, a fund created
for Merrill Lynch employees. The new venture will
support_and_fund business_plans_created_by Merrill
Lynch employees, specifically in_financial services
technology. Merrill Lynch will_use Cap_Gemini Ernst
& Young, efinanceworks, and Startup factory for
investment_strategies_and additional support._Merrill
Lynch said it plans to invest in the new_companies
with the possibility of becoming the_first client
or strategic_partner_once_the product comes to_market.
The fund expects to provide seed_funds to three
to four companies by_early next year.
http://www.ml.com/

______________________________________________________-

o Corporate Wireless Apps Firm_Nisus Gets $2 Million Round One

WESTBOROUGH,_Mass. -- Nisus, a firm_that develops
wireless_applications for businesses, said it_has
raised $2 million_in its_first round of_financing
from undisclosed corporate and individual investors.
The_firm also announced_co-founder Satish Vankayalapati
as CEO. Mr. Vankayalapati_was_formerly a management
consultant_with_McKinsey_and an_executive and board
member_of_Avantel. The_firm_additionally announced
the names of board members_Keith_Block, senior vice
president of Oracle's North American_consulting
and global data warehousing_businesses;_Arthur L.
Cherry, Jr., president_and CEO of Federated Management
Services_and a former senior executive at_Scudder
Investments; and_Robert Rudelius,_Chairman and CEO
of MediaDVX, former President and COO of Control
Data Corporation,_and former global head of the
media_and entertainment division of_AT&T Solutions.
http://www.nisus.com/
_____________________________________________

o_Network_App Firm Lumeta_Raises_$250,000 Series_A

SAN FRANCISCO -- Lumeta, a network management_and
security application_firm, said it has raised $250,000
in_a Series A round_from_meVC Draper Fisher Jurvetson
Fund I, Draper_Fisher Jurvetson,