News

Technologic Names Top Ten at Financial Services Outlook Conference
Business Wire

NEW YORK - Aug. 1, 2001--Technologic Partners announced the ten private e-finance companies judged most likely to succeed at its Financial Services Outlook conference held here this week. The selected companies were given the title "Investors' Choice." Based on selections by an audience of more than 300 leading investment and industry professionals, the ten winners were selected from among 49 invited companies whose CEOs presented their business plans.

"The continued interest trained on the financial services market, despite the downturn, shows that investors are focusing on software that will help financial institutions automate their processes and increase customer retention. These are sturdy companies developing the technologies that will make it happen," said Richard A. Shaffer, principal of Technologic Partners.

In addition to voting by the audience, selection for the Investors' Choice awards was based on recommendations from a panel of distinguished networking investors. The panel included Amy S. Butte, managing director at Bear Stearns; Matt Epstein, director of the financial institutions group at UBS Warburg; Robert A. Huret, general partner and managing member at Financial Technology Ventures; and Robert Stavis, partner at Bessemer Venture Partners. Here, in alphabetical order, are the Investors' Choice winners:

  • CapitalThinking (www.capitalthinking.com) develops software for the commercial real estate finance market.
  • Currenex (www.currenex.com) provides a global currency exchange that facilitates foreign currency trades between financial institutions.
  • FinancialOxygen (www.financialoxygen.com) designs software that automates the trading processes for mid-tier banks and their trading partners.
  • Finaplex (www.finaplex.com) designs wealth-management software that helps financial institutions advise their high net-worth customers.
  • NetDecide (www.netdecide.com) offers wealth-management tools and marketing applications to financial institutions.
  • Paytrust (www.paytrust.com) develops Web-based payment and presentment technology for financial institutions.
  • T1Xpert (www.t1xpert.com) provides financial institutions with the back-end automation software for securities-trade transaction processing and settlement.
  • TheBEAST (www.thebeast.com) offers a front-end application platform for financial institutions, on which they can bundle data, software, analytic application services, and news.
  • TradeCard (www.tradecard.com) provides an automated, collaborative, global trade settlement platform.
  • Xign Corp. (www.xign.com) offers business-to-business trade-payables automation software designed to digitize the financial settlement process.

Mr. Shaffer announced the winners at the conclusion of the conference.

About the Outlook Conferences and Technologic Partners
Financial Services Outlook is one in a series of several specialized conferences focusing on the investment and emerging technology markets. Technologic Partners' Outlook conferences, now in their 17th year, provide a unique forum for industry executives, investment professionals, and chief executives of private companies in key technology areas. Other Outlook meetings include Network Outlook, Digital Media Outlook, Mobile Outlook, Enterprise Outlook, Internet Outlook, Healthcare Outlook, and Technology Outlook. Participation at all Technologic Partners events is by invitation only, providing investors with a carefully screened and diligently researched pool of companies.

Technologic Partners is a business-to-business publisher with a focus on high technology and private capital. Online, in print, and in person, Technologic Partners provides news, analysis, research, and other information about rapidly growing companies and opportunities to executives and institutional investors--through newsletters, online information services, conferences, directories, and special reports. More information about Technologic Partners can be found on the company's Web site at www.technologicpartners.com.