Peoplestreet/Microsoft/Quantum
Monday August 20, 2001
QUANTUM UNVEILS INVESTMENT IN PEOPLESTREET.
New York, NY., August 17, 2001 PEOPLESTREET ("Peoplestreet" or the
"Company", <www.peoplestreet.com> nears FINAL Series B closing with a
commitment from Quantum Venture Partners.
As per the following Press Release by MICROSOFT:
Microsoft and Peoplestreet Announce Alliance to Offer LiveCards To Users
of Windows XP; Peoplestreet to Be Showcased in the New Windows Catalog
Redmond, Wash. and Cambridge, Mass. , Aug. 6, 2001 -- Microsoft and
PeoplestreetTM, the leading provider of Personalized Relationship
Marketing Services (PeRM), today announced a strategic alliance that
will bring the power of Peoplestreet LiveCardsTM to users of the
Microsoft(r) Windows(r) XP operating system.
As part of this alliance and Peoplestreet's commitment to meet or exceed
the Designed for Windows XP specifications, Microsoft will showcase
Peoplestreet in the new Windows Catalog, offering users of Windows XP a
direct link to Peoplestreet, where they can create and send
self-updating electronic business cards called LiveCards. Once on the
Peoplestreet site, users will have the ability to download the LiveCard
Companion for Outlook(r), offering them the ability to store and send
LiveCards directly within the Outlook(r) messaging and collaboration
client. In addition, Peoplestreet will support single sign-in with
Microsoft Passport, speeding the login and registration process.
"Peoplestreet's Services complement the Microsoft .NET strategy of
developing XML-based Web services that integrate across multiple systems
and devices," said Sanjay Parthasarathy, vice president of Platform
Strategy at Microsoft. "With LiveCards, businesses running Windows XP
have a new customer retention and loyalty tool, without having to change
the way they work, and consumers have a great way to keep in touch with
friends and family as they move and change jobs."
"Our alliance with Microsoft provides massive exposure of the
Peoplestreet LiveCard Service to users of Windows XP worldwide," said
Alper Caglayan, CEO of Peoplestreet. "Working with Microsoft, we will be
able to bring new .NET-based services to market faster and more
efficiently, plus serve the vast network of enterprises building their
businesses on the Microsoft platform."
Also announced today is the LiveCard Companion for Outlook 2002, part of
the Office XP suite of productivity software, which will enable
Peoplestreet members to add LiveCards they receive from others directly
into their Outlook address book with one click, saving them the
time-consuming task of re-entering contact information. In addition,
with the LiveCard Companion for Outlook 2002, Peoplestreet members can
edit their LiveCards, create new LiveCards and change their account
preferences directly from the Windows XP desktop, allowing them added
functionality, without interfering with their daily workflow. The
LiveCard Companion for Outlook 2002 will be available from
http://www.peoplestreet.com/ later this fall. Peoplestreet currently
offers LiveCard Companions for Microsoft Outlook 2000, and today
additionally announced support for Outlook 98 customers, further
expanding the reach and value of the LiveCard Services.
The Peoplestreet Web site will also be Passport-enabled, allowing
Passport users to quickly and easily register and log in to the
Peoplestreet Service with a single sign-in. The Passport single sign-in
(SSI) service lets users create one name and password to access all Web
sites participating in the Passport service. With this, users do not
have to create or remember additional sign-in names and passwords. The
strategic alliance also calls for the companies to work together on
future development efforts around Peoplestreet Services for Microsoft
products.
ABOUT PEOPLESTREET
Headquartered in Cambridge, MA, Peoplestreet is a leader in the
development of innovative Personalized Relationship Marketing (PeRM) Web
Services making it easy for people to stay in touch and communicate with
one another. The company offers a suite of outsourced business Services
to strengthen marketing communication, customer retention and loyalty as
well as enhance online branding initiatives. For the individual,
Peoplestreet provides a Personal LiveCard Service for keeping in touch
with friends, family, and businesses. More information is available
online at http://www.peoplestreet.com/.
ABOUT MICROSOFT
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in
software, services and Internet technologies for personal and business
computing. The company offers a wide range of products and services
designed to empower people through great software -- any time, any place
and on any device.
ABOUT QUANTUM VENTURE PARTNERS
As a leading venture capital firm, Quantum Ventures has the bandwidth,
industry expertise and access to capital to launch the next generation
of category leaders. The firm has invested nationwide in various
companies across the communications, software and Internet/e-Business
industries. From its offices in New York, NY the firm has access to
over $100 million in available and committed capital. Quantum Ventures
is a 'value-add' investor to early/late-stage companies, providing
entrepreneurs with access to more than just financial backing through
combined access to their network of industry executives, the right
resources and financial capital.
If you would like to learn more about Quantum Venture Partners, please
see www.qvpartners.com.
PLEASE GIVE US YOUR THOUGHTS ON ANY BUSINESS DEVELOPMENT OPPORTUNITIES
OR STRATEGIC PARTNERSHIPS WITH PEOPLESTREET.
Best regards,
Raj
Raj Pamnani
Quantum Venture Partners
535 Fifth Avenue, 24th Floor
New York, New York 10017
Tel: 1- (212) 986-9773
Fax. 1- (212) 661-2145
http://www.qvpartners.com
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