Prudential plc takes stake in technology company Lost Wax; Lost Wax raises GBP3M to extend its leading position in agent technology.

0 Comments | M2 Presswire, September, 2001

M2 PRESSWIRE-24 September 2001-Lost Wax: Prudential plc takes stake in technology company Lost Wax; Lost Wax raises GBP3M to extend its leading position in agent technology (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:24092001 London -- Lost Wax, a European e-commerce technology company, receives a GBP3M (4.8million euros) strategic investment from Prudential plc (LSE: PRU) and Silicon Valley based IDEO, plus existing private investors.

As part of the deal, Lost Wax will be working with Prudential to look at ways of developing next generation e-commerce applications for Prudential using agent technology. "We see this strategic investment as the basis for a partnership. Lost Wax is at the cutting edge of the software industry, using agent technology to...