[London, ENGLAND] European e-business enabler euro909.com
has secured US $4 million in additional funding from
Credit Suisse First Boston (Europe) Limited.
Founded in 1986, euro909.com operates in Denmark,
England, France, Germany, Norway, and Sweden, where it
integrates Internet technology and multimedia solutions for
large corporations. The latest funding will provide
security for the immediate future and enable further
expansion.
Aldo Petersen, chief executive officer of euro909.com,
said the investment was a vote of confidence by Credit Suisse
First Boston.
"We see this as a very positive sign that reflects our
position in the marketplace and prospects for the future,"
said Petersen.
Euro909.com claims to be one of only a handful of publicly
traded domain registration consultancies in the world.
It offers domain registration for more than 100 different
global and country-specific domain name codes, together
with legal counsel in trademarking.
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In addition, euro909.com provides Web site design and
hosting, digital security, Internet access, and print,
online and broadcast media advertising -- making it
virtually a "one-stop shop" for corporate media needs.
Headquartered in Copenhagen, Denmark, euro909.com also
operates one of the largest Internet data centers in Europe,
hosting Web sites for more than 20,000 customers.
Looking to the future, euro909.com points out that the
worldwide Web hosting market is projected to increase to
US $19 billion by 2003 -- up from US $2 billion in 1999.
Focused on Europe, it hopes to gain a significant share
of this market, despite intense competition from telcos,
ISPs and other specialist hosting companies.
Euro909.com's shares are traded on Nasdaq under the
symbol ENON.
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euro909.com Secures Additional Funding