Tech Industry

Venture funds for B2B e-commerce all the rage

EDS, CMGI, Andersen Consulting, Cambridge Technology Partners and Time Warner are setting up venture funds aimed at capturing a slice of the lucrative business-to-business e-commerce niche.

 

  latest developments 

EDS is only the latest firm to set up a venture fund aimed at capturing a slice of the lucrative business-to-business e-commerce niche, widely perceived as the next big thing on the Internet. Andersen Consulting, Cambridge Technology Partners and Time Warner recently announced similar plans, and CMGI may take its venture arm public.

"EDS sees the need for innovative services and opportunities to be developed to help further its own offerings and to better serve its clients. The fund will foster the development of these services."

- Dick Brown, EDS chief executive

 


Feeding the venture capital fever
Venture capital fever is burning among a host of companies seeking to nab a piece of the Internet economy by nurturing start-ups.

EDS sets up $1.5 billion e-business venture fund
The information technology services firm is only the latest to aim at capturing a slice of the lucrative business-to-business e-commerce niche, widely perceived as the next big thing on the Internet.

CMGI may take venture arm public
The company is considering selling shares in @Ventures, its venture fund unit, to the public, chief executive David Wetherell says.

Andersen plans venture capital unit
update Andersen Consulting announces a new venture capital unit focused on Internet companies in an effort to establish itself as a major Internet player.

New Cambridge incubator program has risks, rewards
Cambridge Technology Partners' new plan to incubate start-ups for a piece of their public offerings sends the company's shares soaring and fuels speculation that the move could help boost morale at the company.

Time Warner drops $500 million into digital media fund
update Time Warner is creating a $500 million fund to invest in digital media, giving it access to technology in areas such as e-commerce and interactive television.