Messaging and Portal Infrastructure Companies, Chek.com and MyPersonal.com, Complete Merger
The New Company Receives $10 Million To Market Personalized Messaging and Information Portal Platform
February 5th 2001
SAN FRANCISCO, CA & BUFFALO, NY – Chek.com, a messaging infrastructure provider, and MyPersonal.com Inc., a portal infrastructure provider, finalized an agreement to combine operations under one company. The new company enables clients to efficiently manage and deploy their own messaging system integrated with the portal features of their choice. A $10 million investment to support the growth of the new company was led by Walden International Investment Group and Crystal Internet Venture Funds (CIVF).
“The ability to personalize our integrated platform enables us to offer clients a feature set unparalleled by our competitors,” said George Chamoun, co-founder of Chek.com.
“Together, the technologies deliver a complete suite of infrastructure services that clients can quickly deploy in a cost-effective manner to address their specific communication issues,” said Joseph Tzeng of CIVF.
“The combined infrastructures and expanded executive team are prepared to meet the ever-changing needs of the marketplace,” said Andrew Kau of Walden International.
To date, the two companies have successfully helped clients support and market their brand online, with highly personalized messaging and portal products. More than 375 organizations have chosen to implement the platforms of Chek and MyPersonal. Together they power a network of more than 7 million users, growing at a pace of 15,000 new registered users a day.
President & CEO and the new company name will be announced shortly. All founders will remain as key executives for the new company. The company has offices in San Francisco, Buffalo and South Korea. The company combination and market focus will result in immediate overhead reduction.
About Walden International
Walden International is a leading U.S.-based global venture capital firm, providing early stage technology companies with the advantage of an unrivaled global network since 1987. The firm’s international venture capital funds comprise more than US$1 billion in committed capital. Walden International’s globally organized network of multi-cultural investment professionals spans the United States, Taiwan, Singapore, Hong Kong, Malaysia, China, the Philippines, India and Japan. For more information please visit www.waldenintl.com.
About Crystal Internet Venture Funds
Crystal Internet Venture Funds, LP (“CIVF”) is a $250M+ family of funds with offices in Ohio, Silicon Valley, Singapore, and Taiwan. Since its inception in January of 1997, CIVF has been dedicated to continuing the Internet revolution by investing solely in Internet and Internet-related companies. Among CIVF’s portfolio are BabyCenter, About.com, Cobalt Networks, Open Solutions, MiFund, Reversi Networks, and Sina.com.