Digital Creations Closes $12 Million in C Round Financing; Whitney & Co. Leads Strategic Investors Including Intel 64 Fund And Opticality Ventures

    NEW YORK, Nov. 13 /PRNewswire/ -- Digital Creations, a leading provider of
 Open Source web application services, today announced that it has closed a $12
 million C round funding.  Whitney & Co., a major investor in innovative
 Internet, e-commerce, business-to-business and software development companies,
 leads with other strategic investors, including Intel 64 Fund and Opticality
 Ventures I, LP.
     "Zope (Digital Creation's signature development platform) is a leading
 Open Source web application server that enables teams to collaborate in the
 creation and management of dynamic web-based business applications such as
 intranets and portals," said Rob Page, co-founder and COO of Digital
 Creations.  "The market for our technology and services solutions, has
 dramatically expanded over the last year.  Digital Creations possesses the
 technology and time-to-market advantages customers demand, and is geared to
 deliver quickly, efficiently and cost-effectively."
     "Digital Creations has executed flawlessly in their quest to deliver
 premier web applications solutions to an impressive roster of customers that
 includes the Navy, Zap Media, HomeGain, and CBS, leveraging Zope's time-to-
 market advantage over all competitors," says Jeffrey Jay, General Partner at
 Whitney & Co.  "They continue to innovate and deliver.  Digital Creations
 consistently meets the demands of its customers, and we are delighted to be a
 part of this team which is helping shape the future of highly dynamic,
 interactive web-based services."
     Digital's C funding round will be used to scale and build significant
 strategic partnerships.
 
     About Digital Creations
     Digital Creations, based in Fredericksburg, Virginia, with offices in
 Rochester, New York and Portland, Oregon, combines pioneering ideas and
 powerful software to deliver definitive web solutions.  Doing business with
 Digital Creations means having next-generation web applications (e.g. content
 management, portals, workflow, XML engines, and community building).  It also
 means having powerful solutions with premier time-to-market advantages and
 lower risk, high-performance, scalable, reliable answers for massive websites
 performed by professionals, executing via standards-based analysis and design.
 Zope, its world recognized development platform, makes it easy to build
 features such as site search, news, personalization, and e-commerce into web
 applications.
     Digital's innovations have also attracted a growing list of investors
 including Intel Capital, and OpticalityVentures I, LP.  For information on
 Digital's innovative solutions, visit http://www.digicool.com.  For more
 information about Zope, the leading open source application server, visit
 http://www.zope.com.
 
     About Whitney & Co.
     Whitney & Co. is a diversified global manager of alternative assets with
 over $5 billion invested in private and public equity and debt.  The Firm,
 founded by John Hay Whitney in 1946, pioneered the venture capital business
 and has evolved from a top US venture firm with $10 million under management
 to what it is today.  There are over 130 investment professionals located in
 the Stamford, Connecticut headquarters, as well as in six other offices in
 leading financial centers around the world: San Francisco, Boston, London,
 Tokyo, Hong Kong, and Singapore.
 
     About Intel 64 Fund
     The Intel 64 Fund is a quarter billion dollar equity fund that invests in
 emerging technologies for next-generation servers and workstations utilizing
 Intel's IA-64 architecture.  The Fund is coordinated by Intel with Compaq,
 Dell, HP, Intel, NEC, and SGI as co-investors.  The Fund's other investors,
 managed by Morgan Stanley Dean Witter, include Bank of America, The Boeing
 Company, Circuit City, Enron, Ford Motor Company, General Electric,
 McKessonHBOC, Morgan Stanley Dean Witter, Reuters, Sabre, SmithKline Beecham,
 Sumitomo Corp., SunAmerica and Telmex.  Additional information about the Intel
 64 Fund is available at http://www.intel64fund.com.
 
     About Opticality Ventures
     Opticality Ventures (OV) is a venture capital firm focused on investments
 in private technology companies, particularly those involved in the Internet,
 finance, e-commerce, business-to-business and software development
 concentrating on programming tools, development environments, distributed
 object systems and programming languages.  OV helps companies succeed as
 profitable stand-alone private or public entities, refining business
 strategies, technology implementations, market approaches, building partner
 and client relationships.  Contact Opticality Ventures at
 http://www.opticality.com .
 
 

SOURCE Digital Creations

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