iSherpa Capital Funds New Wireless Firm; VC Expands Into New Offices

Apr 23, 2001, 01:00 ET from iSherpa Capital

    DENVER, April 23 /PRNewswire Interactive News Release/ -- iSherpa Capital,
 a seed-stage, full-service venture capital firm focused exclusively on
 wireless and supporting technologies, today announced it has made a new
 investment in Denver-based Digital Reliance.  iSherpa Capital co-invested in
 Digital Reliance with Megunticook Management, a venture capital investor
 located in Boston.
     Digital Reliance provides a comprehensive Web-based solution for the
 management of corporate wireless accounts.  The company's propriety software
 helps companies save time and money while increasing productivity with tools
 that successfully manage their wireless carriers, users and assets.  Digital
 Reliance's service typically saves companies 20-40 percent on wireless costs.
     To accommodate iSherpa Capital's growth, the company has moved from its
 office in Aurora into an expanded office space at 9100 E. Panorama Drive in
 Englewood.
     "We're very confident in the market potential for Digital Reliance's
 services," said Gary Rohr, managing partner of iSherpa.  "Now more than ever,
 businesses are looking for ways to reduce operating expenses and Digital
 Reliance can help them do that.  We look forward to working closely with them
 as they grow their business."
     Digital Reliance's web-based tools enable clients to manage wireless
 accounts across carriers and markets; analyze usage trends by department;
 regularly monitor and enforce company policy on wireless use; quickly allocate
 wireless expenses to departments and employees; and identify unused or misused
 phones before unnecessary expenses are incurred.  Digital Reliance's service
 also helps businesses continually switch to the most cost-effective rate plans
 as calling habits change, phones switch hands, new phones are added and new
 rate plans are offered.
 
     About iSherpa Capital
     iSherpa is a pioneer in the mobile revolution.  We are a seed stage, full
 service venture capital firm focused exclusively on wireless and supporting
 technologies.  Located in Denver, Colorado, iSherpa combines an
 experience-based, execution-focused approach with world-class resources --
 including strategy, leadership, operations and capital -- to guide companies
 to the summit.  We look for and work with passionate entrepreneurs with
 substantive and compelling business opportunities in wireless and/or
 supporting technologies.  For more information, visit our Web site at
 www.isherpa.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X25142556
 
 

SOURCE iSherpa Capital
    DENVER, April 23 /PRNewswire Interactive News Release/ -- iSherpa Capital,
 a seed-stage, full-service venture capital firm focused exclusively on
 wireless and supporting technologies, today announced it has made a new
 investment in Denver-based Digital Reliance.  iSherpa Capital co-invested in
 Digital Reliance with Megunticook Management, a venture capital investor
 located in Boston.
     Digital Reliance provides a comprehensive Web-based solution for the
 management of corporate wireless accounts.  The company's propriety software
 helps companies save time and money while increasing productivity with tools
 that successfully manage their wireless carriers, users and assets.  Digital
 Reliance's service typically saves companies 20-40 percent on wireless costs.
     To accommodate iSherpa Capital's growth, the company has moved from its
 office in Aurora into an expanded office space at 9100 E. Panorama Drive in
 Englewood.
     "We're very confident in the market potential for Digital Reliance's
 services," said Gary Rohr, managing partner of iSherpa.  "Now more than ever,
 businesses are looking for ways to reduce operating expenses and Digital
 Reliance can help them do that.  We look forward to working closely with them
 as they grow their business."
     Digital Reliance's web-based tools enable clients to manage wireless
 accounts across carriers and markets; analyze usage trends by department;
 regularly monitor and enforce company policy on wireless use; quickly allocate
 wireless expenses to departments and employees; and identify unused or misused
 phones before unnecessary expenses are incurred.  Digital Reliance's service
 also helps businesses continually switch to the most cost-effective rate plans
 as calling habits change, phones switch hands, new phones are added and new
 rate plans are offered.
 
     About iSherpa Capital
     iSherpa is a pioneer in the mobile revolution.  We are a seed stage, full
 service venture capital firm focused exclusively on wireless and supporting
 technologies.  Located in Denver, Colorado, iSherpa combines an
 experience-based, execution-focused approach with world-class resources --
 including strategy, leadership, operations and capital -- to guide companies
 to the summit.  We look for and work with passionate entrepreneurs with
 substantive and compelling business opportunities in wireless and/or
 supporting technologies.  For more information, visit our Web site at
 www.isherpa.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X25142556
 
 SOURCE  iSherpa Capital

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