ZDNet Invests in i-drive.com and Launches Innovative File-Storage and Sharing Service

"ZDNet i-drive" To Provide Free Storage Space on the Web for Favorite ZDNet

Downloads, Games, and Personal Storage Files



03 Feb, 2000, 00:00 ET from ZDNet

    SAN FRANCISCO, Feb. 3 /PRNewswire/ -- ZDNet (NYSE:   ZDZ), the leading Web
 destination for people who want to buy, use and learn about technology, today
 announced that it recently made an equity investment in i-drive, the leader in
 personal online space, and has launched "ZDNet i-drive," an innovative service
 providing visitors free, easy-access space on the Web for their software,
 gaming and personal files.  ZDNet i-drive is integrated throughout the ZDNet
 Downloads and ZDNet GameSpot channels, letting visitors conveniently and
 securely store large software, games and Web pages that they can then share
 with friends, family, and colleagues.   The ZDNet i-drive service will be
 available on other parts of the ZDNet site in the near future.
     ZDNet joined top venture capital firms including Global Retail Partners,
 Information Technology Ventures, Draper Fisher Jurveston, and Partners Group
 in i-drive's second round of financing.
     "i-drive is the clear leader in Web-based personal storage technology, a
 cutting-edge capability that taps into the Web's potential to create better
 communications systems and centralized technology resources," said Dan
 Rosensweig, president and CEO of ZDNet. "Our technology-interested audience is
 always among the first to try new capabilities that make their lives easier
 and more productive.  This year, we have been aggressively adding valuable
 services to the site that deliver the innovations and functionality our
 visitors crave, through investments in best-of-breed companies such as
 eCircles.com, Onebox.com, ExpertCity.com, Techies.com, etown.com, and QXL.com.
 i-drive is an outstanding addition to this list."
     The key to broad adoption of ZDNet i-drive is its ease of use, enabled by
 i-drive's Sideload(TM) and page-clipping technology.  To use ZDNet i-drive,
 registered ZDNet visitors follow simple steps to set up their free, private,
 online space.  Then, using the simple one-click "Save to my i-drive" button,
 which is currently available on ZDNet Downloads and ZDNet GameSpot and will
 soon be available on all relevant pages throughout ZDNet's 60 interconnected
 Web properties, visitors can clip and store important news stories or grab any
 of the thousand software or games.
     ZDNet i-drive is now part of i-drive's InfiniteSpace program which removes
 all limits of the amount of Web content members can store in their i-drive
 accounts.  Each ZDNet i-drive frees up valuable hard drive storage space, and
 ZDNet visitors can use ZDNet i-drive to package and share single or multiple
 files with friends, family or colleagues without clogging email systems with
 file delivery.  ZDNet i-drive users can also opt to receive customized
 packages of downloads that match their specific interests from ZDNet's
 numerous technology partners.   In addition, i-drive's Sync tool enables users
 to manage downloads from the ZDNet i-drive folder at any time.
     "We are excited that ZDNet is making an investment in i-drive, and in
 today's launch of the co-branded ZDNet i-drive service," said Jeffrey
 Bonforte, CEO of i-drive.com.  "Because i-drive allows content to stick to
 users, our service is a perfect match for sites like ZDNet.  With the wealth
 of content available on ZDNet, i-drive's file sharing and storage capabilities
 will be a tremendous asset for their audience as they gather and save
 articles, games and downloads across all of its properties."
 
     About i-drive.com
     Founded in 1998, i-drive.com is the leading provider of interactive Web-
 based space for users to permanently store, organize, and share information
 from the Internet and the desktop.  With content management tools including
 Sideload(TM) and ClipTo(TM), i-drive redefines the term "sticky" content by
 delivering features and tools that allow the content to stick to the user-
 anywhere on the Web.  i-drive has established partnerships with a range of top
 Web sites, including MP3.com, ZDNet.com and the New York Times Learning
 Network, and has formed the nation's largest university consortium to deliver
 file storage and management tools to students across the country.  i-drive.com
 is privately held and funded by Global Retail Partners, Draper Fisher
 Jurvetson, Information Technology Ventures, Partners Group and ZDNet.  For
 company information, visit the Web site at www.idrive.com.  Editors please
 contact Christine Gasparac at Antenna Group at 415-977-1932 or
 christine@antennapr.com.
 
     About ZDNet
     Based in San Francisco, ZDNet operates the leading Web destination
 (www.zdnet.com) for people who want to buy, use and learn about technology.
 ZDNet offers an enormous depth and breadth of original, fresh content that it
 serves to a growing audience ranging from IT professionals, to families, to
 gamers.  Winner of the Computer Press Awards' Best Overall Online Site, ZDNet
 Sites consistently ranks among the Top 20 Web properties according to Media
 Metrix's at home/at work study.  ZDNet's content is available worldwide
 through 29 sites in 19 countries outside of the United States.
 
     This release contains forward-looking statements that are subject to risks
 and uncertainties. Although Ziff-Davis Inc. believes that the expectations
 reflected in its forward-looking statements are reasonable, actual results
 could differ materially from those expectations. Important cautionary
 statements and risk factors that would affect actual results are discussed in
 materials filed by Ziff-Davis Inc. with the Securities and Exchange
 Commission, including under the caption "Risk Factors" in the Registration
 Statement on Form S-1, which became effective March 30, 1999, and the Form S-
 3, which became effective October 29, 1999. Holders of ZD Group Stock and
 ZDNet Stock are common stockholders of Ziff-Davis Inc. and are subject to the
 risks associated with an investment in Ziff-Davis Inc. and all of its
 businesses, assets and liabilities.
 
 

SOURCE ZDNet
    SAN FRANCISCO, Feb. 3 /PRNewswire/ -- ZDNet (NYSE:   ZDZ), the leading Web
 destination for people who want to buy, use and learn about technology, today
 announced that it recently made an equity investment in i-drive, the leader in
 personal online space, and has launched "ZDNet i-drive," an innovative service
 providing visitors free, easy-access space on the Web for their software,
 gaming and personal files.  ZDNet i-drive is integrated throughout the ZDNet
 Downloads and ZDNet GameSpot channels, letting visitors conveniently and
 securely store large software, games and Web pages that they can then share
 with friends, family, and colleagues.   The ZDNet i-drive service will be
 available on other parts of the ZDNet site in the near future.
     ZDNet joined top venture capital firms including Global Retail Partners,
 Information Technology Ventures, Draper Fisher Jurveston, and Partners Group
 in i-drive's second round of financing.
     "i-drive is the clear leader in Web-based personal storage technology, a
 cutting-edge capability that taps into the Web's potential to create better
 communications systems and centralized technology resources," said Dan
 Rosensweig, president and CEO of ZDNet. "Our technology-interested audience is
 always among the first to try new capabilities that make their lives easier
 and more productive.  This year, we have been aggressively adding valuable
 services to the site that deliver the innovations and functionality our
 visitors crave, through investments in best-of-breed companies such as
 eCircles.com, Onebox.com, ExpertCity.com, Techies.com, etown.com, and QXL.com.
 i-drive is an outstanding addition to this list."
     The key to broad adoption of ZDNet i-drive is its ease of use, enabled by
 i-drive's Sideload(TM) and page-clipping technology.  To use ZDNet i-drive,
 registered ZDNet visitors follow simple steps to set up their free, private,
 online space.  Then, using the simple one-click "Save to my i-drive" button,
 which is currently available on ZDNet Downloads and ZDNet GameSpot and will
 soon be available on all relevant pages throughout ZDNet's 60 interconnected
 Web properties, visitors can clip and store important news stories or grab any
 of the thousand software or games.
     ZDNet i-drive is now part of i-drive's InfiniteSpace program which removes
 all limits of the amount of Web content members can store in their i-drive
 accounts.  Each ZDNet i-drive frees up valuable hard drive storage space, and
 ZDNet visitors can use ZDNet i-drive to package and share single or multiple
 files with friends, family or colleagues without clogging email systems with
 file delivery.  ZDNet i-drive users can also opt to receive customized
 packages of downloads that match their specific interests from ZDNet's
 numerous technology partners.   In addition, i-drive's Sync tool enables users
 to manage downloads from the ZDNet i-drive folder at any time.
     "We are excited that ZDNet is making an investment in i-drive, and in
 today's launch of the co-branded ZDNet i-drive service," said Jeffrey
 Bonforte, CEO of i-drive.com.  "Because i-drive allows content to stick to
 users, our service is a perfect match for sites like ZDNet.  With the wealth
 of content available on ZDNet, i-drive's file sharing and storage capabilities
 will be a tremendous asset for their audience as they gather and save
 articles, games and downloads across all of its properties."
 
     About i-drive.com
     Founded in 1998, i-drive.com is the leading provider of interactive Web-
 based space for users to permanently store, organize, and share information
 from the Internet and the desktop.  With content management tools including
 Sideload(TM) and ClipTo(TM), i-drive redefines the term "sticky" content by
 delivering features and tools that allow the content to stick to the user-
 anywhere on the Web.  i-drive has established partnerships with a range of top
 Web sites, including MP3.com, ZDNet.com and the New York Times Learning
 Network, and has formed the nation's largest university consortium to deliver
 file storage and management tools to students across the country.  i-drive.com
 is privately held and funded by Global Retail Partners, Draper Fisher
 Jurvetson, Information Technology Ventures, Partners Group and ZDNet.  For
 company information, visit the Web site at www.idrive.com.  Editors please
 contact Christine Gasparac at Antenna Group at 415-977-1932 or
 christine@antennapr.com.
 
     About ZDNet
     Based in San Francisco, ZDNet operates the leading Web destination
 (www.zdnet.com) for people who want to buy, use and learn about technology.
 ZDNet offers an enormous depth and breadth of original, fresh content that it
 serves to a growing audience ranging from IT professionals, to families, to
 gamers.  Winner of the Computer Press Awards' Best Overall Online Site, ZDNet
 Sites consistently ranks among the Top 20 Web properties according to Media
 Metrix's at home/at work study.  ZDNet's content is available worldwide
 through 29 sites in 19 countries outside of the United States.
 
     This release contains forward-looking statements that are subject to risks
 and uncertainties. Although Ziff-Davis Inc. believes that the expectations
 reflected in its forward-looking statements are reasonable, actual results
 could differ materially from those expectations. Important cautionary
 statements and risk factors that would affect actual results are discussed in
 materials filed by Ziff-Davis Inc. with the Securities and Exchange
 Commission, including under the caption "Risk Factors" in the Registration
 Statement on Form S-1, which became effective March 30, 1999, and the Form S-
 3, which became effective October 29, 1999. Holders of ZD Group Stock and
 ZDNet Stock are common stockholders of Ziff-Davis Inc. and are subject to the
 risks associated with an investment in Ziff-Davis Inc. and all of its
 businesses, assets and liabilities.
 
 SOURCE  ZDNet

RELATED LINKS

http://www.zdnet.com