CHARLOTTE, N.C., July 27 /PRNewswire/ -- First Union Capital Partners (FUCP) today announced it has led an $80 million second equity financing for Agilera, a leading full-service pure-play application service provider (ASP). First Union Capital Partners led this round of financing which will be used to fuel the expansion of the company's general operations, including the development of its state-of-the-art operations centers and the expansion of its business model. Agilera raised a total of $80 million in convertible preferred stock. Other investors included Verio Inc., Centennial Ventures, Providence Equity Partners, Lonetree Partners and C.E. Unterberg, Towbin. Agilera has also invited David Scanlan, principal in First Union Capital Partners, to join the Agilera Board of Directors. First Union Capital Partners is the equity and mezzanine capital investment group funded by First Union Securities. The group was founded in 1988 and currently has sixteen investment professionals. FUCP has committed $2 billion of direct equity and mezzanine investments in more than 140 companies. Industry focus includes Media, Telecom and Internet Infrastructure, Technology and IT Services, Financial Services, Healthcare, Natural Resources, and Diversified Industries. Agilera is a full-service, pure-play application service provider (ASP) that provides a flexible hosting platform for IT and e-business operations. Agilera's Extended Enterprise (XE)(TM) and Extended Platform (XP)(TM) products deliver an integrated set of software applications that offer a bundled end- to-end solution-all through a customizable browser interface. Agilera, originally formed by CIBER, Inc. (www.ciber.com), the trusted technology leader transforming businesses to be agile, scalable and connected, was recapitalized in March 2000 through equity investments by Verio Inc. (www.verio.net), the world's largest Web-hosting company, and Centennial Ventures (www.centennial.com), Colorado's largest venture capital firm. Agilera provides customers the velocity for faster time to market, as well as "dot.com agility and Fortune 500 stability(TM)." The company is headquartered in Englewood, Colorado. Agilera's Web site is www.agilera.com. First Union (NYSE: FTU), with $258 billion in assets and stockholders' equity of $14 billion at June 30, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 12 East Coast states and Washington, D.C., and full-service brokerage offices in 41 states and international offices worldwide. Online banking products and services can be accessed through www.firstunion.com. Important Notice: First Union Securities is the trade name under which First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses. First Union Securities includes: (1) First Union Securities, Inc. ("FUSI"), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Union Brokerage Services, Inc. ("FUBS"), a separately registered broker-dealer and member NASD and SIPC providing primarily retail brokerage services; (3) First Clearing Corporation ("FCC"), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (4) the Capital Markets and Capital Management Groups within First Union National Bank ("FUNB"), a national banking association, and its subsidiaries, providing asset management, lending, structured finance risk management, derivatives, and fiduciary services to institutions and individuals; (5) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (6) various wholly-owned state insurance agencies; and (7) First Union Capital Partners ("FUCP"), offering mezzanine capital through FUNB and equity capital through subsidiaries of First Union Corporation. Stocks, bonds, mutual funds or other securities offered or sold through First Union Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal. The securities referred to herein have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. All of such securities have been sold and this press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities.
SOURCE First Union Corporation