P R E S S R E L E A S E
Connotate Completes Rights Offering
Enterprise Software Company Raises $2.6 Million in Private Placement
NEW BRUNSWICK, NJ — September 22nd, 2004 – Connotate Technologies, Inc., a leading provider of Web Mining solutions, today announced that it had raised $2.6 million to complete a Rights Offering of its Series A Preferred Stock. Trautman Wasserman & Company, a New York investment firm, managed the private financing for its high net-worth investors. Since Connotate was founded in 2000, Trautman Wasserman has raised a total of $5 million for Connotate.
“We are very pleased with the success of the Rights Offering led by Trautman Wasserman” said Bruce Molloy, CEO. “They have been very helpful. This financing fuels Connotate’s continued growth and allows us to meet the increasing demand for our solutions.”
Connotate’s Information Agent Suite uses machine intelligence to harness the web. Applications include finance, news, media, homeland security, and information integration. Information workers are empowered through a wide range of software agents providing content, data, and unique, essential information
”This financing is another major milestone for Connotate,” stated Greg Trautman, CEO of Trautman Wasserman. “With Bruce Molloy’s leadership, Connotate has shown that it can deliver high-value offerings to clients who need immediate access to critical data regardless of its location or format. We’re excited about Connotate’s future as it continues to execute on the plan Bruce laid out two years ago.”
Since its inception ten years ago, Trautman Wasserman and its clients have invested in over 30 private companies, representing a total of over $150 million of committed capital. Trautman Wasserman partners and principals serve or have served as interim management (CEOs, COOs, CFOs, and Business Development Officers), board members, and strategic business/financial advisors for a numerous portfolio companies.
About Connotate Technologies, Inc.
Connotate is changing the way people and organizations use the web.
Connotate’s premium solution goes far beyond search to allow users to create personalized, actionable insights and intelligence from the Web. Its personalizable machine-intelligent Agents can do anything a human can do to monitor, mine, analyze, and deliver high value content. Agents operate on a fully-automated, 24 x 7 basis. Connotate’s Information Agent Suite™ is a robust and scalable platform; Agents are created using an intuitive GUI that supports fast and easy configuration by end-users without programming experience and content is delivered over any number of media, including XML, RSS, email, text messaging, and direct feeds to SQL and Excel databases.
Connotate’s clients include many of the largest global publishers and online media companies; major hedge funds and financial services firms; pharmaceutical, energy and internet companies; and federal and state government agencies. Connotate has been named one of the "100 Firms That Matter" in Knowledge Management by KMWorld for the third consecutive year.
Media Contact
Corinne DePalma
CDPR Public Relations
Tel.: (917) 207-7594
Email:
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Bruce Molloy
Connotate Technologies, Inc.
Tel.: (732) 296-8844, Ext. 1021
Email:
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About Trautman Wasserman & Co., Inc.
Trautman Wasserman & Co., Inc. is a private equity and investment management firm serving sophisticated investors, entrepreneurs and high-growth enterprises. A registered broker-dealer, Trautman Wasserman creates a continuous cycle of financial success for its clients by providing customized investment management, private equity, investment banking and leveraged buyout services. With a unique combination of resources, skills and experience, Trautman Wasserman serves clients typically underserved by traditional investment firms.
Trautman Wasserman partners with Banc of America Securities to provide its clients with state-of-the-art securities services, including trade processing, custody, execution, technology, financing, and trade services. Trautman Wasserman is a member of the National Association of Security Dealers, the Securities Investor Protection Corporation and Municipal Securities Rulemaking Board. With headquarters in New York, the firm also maintains an office in San Francisco. Additional information is available on the company web site at www.trautmanwasserman.com.
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