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2004 2003200220012000 |
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uMonitor Presents At Red Herring
Venture Market South Investors line-up to invest in information aggregation technology Germantown, TN (March 13, 2001) -- uMonitor, Inc. has successfully positioned itself as one of leading players in the information aggregation market to watch during a recent VC presentation at the Red Herring Venture Market South. Investors clamored to get a piece of the information aggregation action, deemed as “the number one strategic IT initiative for 2001” by Meridien Research. There exits a new paradigm – surfing the Internet is not productive, we need to migrate from surfing to seeing; from browsing to knowing”, explained Dinesh Sheth, CEO uMonitor, “the purpose of information aggregation, is to provide knowledge workers with all of the information that matters most to them, on one screen, via their desktop, PDA or phone - available every hour, every day to make them more productive.” “uMonitor has transformed information aggregation from a killer application concept to an actual revenue source of business”, added Don Mundie, Managing Partner, Delta Capital Management, “information aggregation is here and now, uMonitor is a technology platform provider with paying customers. We see uMonitor on the path to profitability as we continue to invest in this technology leader.” uMonitor was founded in February of 1999, the commercial service began in August 2000. In an industry that is rapidly expanding, uMonitor has covered a lot of territory in a short period of time. “Since our last round of funding, we have launched our platform, signed-on customers and recognized revenue,” added Sheth. The uMonitor professional team has been one of the driving forces in their success. “Our seasoned management team is made up of high-level, 40-something professionals who know what it takes to bring a new concept to fruition”, maintains Sheth. “Our 20 to 30-something tech staff provides advanced technical knowledge coupled with the enthusiasm and energy to get the job done.” So why invest in uMonitor? Industry demand is accelerating; the uMonitor technology is the most user-friendly, customizable, dependable service with the broadest application on the market today - complete with paying customers. The total in-house wireless offering is a uMonitor core competency, not an add-on service and does not require a third party for implementation. Most importantly, the expert management and technical teams will keep uMonitor on the path to profitability. uMonitor, Inc. provides a private labeled information aggregation technology platform to partners in the financial services, wireless industry, portal sector and Internet service providers’ market. The uMonitor platform offers aggregation and analysis of private, public and proprietary account information. Bank accounts, brokerage accounts, email, bills, weather, flight schedules, package tracking, rewards programs may be monitored anywhere via desktop, PDA or web-enabled phone. For more information on uMonitor, Inc, visit the web site at www.umonitor.com. What would you monitor? Contact: Cindy Hofmeister Thomas uMonitor.com, Inc. 901-757-1212 x113 email: cthomas@umonitor.com Don Mundie Delta Capital Management LLC 901-755-0949 |
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