eCal Secures $13.5 million in Second Round of Institutional Funding

 

Nokia Ventures and Reuters are lead investors

 

PHILADELPHIA, PA - March 2, 2000 - eCal Corp. a supplier of Internet calendar communications announced it has secured $13.5 million in additional funding. Lead investors include Nokia Ventures, the venture capital arm of Nokia, and Reuters. Other investors include the Swiss investment manager, Friedli Corporate, and existing investor, East/West Capital. The funds are expected to be used, among other things, for enhancement of eCal's patented Internet Calendar EngineSM platform and the development of an eCal-based wireless calendar interface and application.

eCal Corporation is the premier ASP of Internet calendaring communications solutions. eCal offers a dynamic, patented web-based calendaring, scheduling, and event-management platform-delivering personal, event, group, and community calendaring, along with task and contact management throughout its network. The company was founded in 1997 to bring calendar communications to portals, corporate web sites, and online communities. Clients include The GO Network, C-SPAN, CBS SportsLine, Looksmart, deja.com, ZDNet. and RealNetworks. eCal is easy to use, fully configurable, and completely customizable using a proprietary API.. It is the first online calendar solution to offer three-way synchronization with 3Com's Palm and Microsoft Outlook. eCal's corporate headquarters are located in Philadelphia, PA. For more information about eCal, please call 215.574.4900, fax 215.574.4999, or visit www.eCal.com.

© 1997-2000 eCal Corporation. All rights reserved. Covered by U.S. Patent No. 5,960,406 and other U.S. and international patents pending. eCal, eCal Engine, eCAPI, eCalNow!, and the eCal logo are trademarks of eCal Corporation. "Calendar-Driven eCommerce" and "Internet Calendar Engine" and "Virtually Everywhere" are service marks of eCal Corporation. All materials contained in the eCal system are protected by U.S. and international copyright laws. All other trade names and trademarks are the property of their respective owners.