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Short Take: Concentric invests in Corio

Concentric Network, an Internet services firm, has invested $5 million in Corio, an application service provider (ASP). The investment is part of Corio's Series C Preferred stock financing. Concentric is Corio's "preferred provider" for the network infrastructure necessary to host and manage applications for Corio's business customers.

Concentric Network, an Internet services firm, has invested $5 million in Corio, an application service provider (ASP). The investment is part of Corio's Series C Preferred stock financing. Concentric is Corio's "preferred provider" for the network infrastructure necessary to host and manage applications for Corio's business customers.