Calico Technology, Inc. Secures $11 Million in Mezzanine Financing; New Round of Funding to Finance International Growth and Merger & Acquisition Activity for eSales Software Leader

Business Wire, Sept 30, 1998

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 29, 1998--Calico Technology, Inc., a leading provider of eSales and interactive marketing software and services, today announced it has raised $11 million in mezzanine financing, led by Worldview Technology Partners.

Leading venture capital firms and investment banks involved include Worldview Technology Partners, Amerindo Investment Partners, Hambrecht & Quist, Merrill Lynch, and all of Calico's previous investors; Integral Capital Partners, Kleiner Perkins Caufield & Byers, and the Mayfield Fund.

"Calico is selling the point of sale software for the most important electronic commerce sites on the Internet," said Roger McNamee, general partner, Integral Capital Partners. "With support from customers such as Cisco, Dell, and Gateway, Calico is one of the hottest ventures in Silicon Valley. We are pleased to have this opportunity to increase our investment in Calico."

Having successfully completed its merger with FirstFloor Software in August 1998, Calico plans to use the funds to finance additional merger and acquisition activities, and future research and development.

The funds will also be used to fund expansion into the world market. Calico recently opened offices in the United Kingdom, and plans to branch out to other European and Asian locales to meet customer demand. Worldview Technology Partners, a venture capital firm that specializes in taking leading-edge companies to Asia, is the lead on this strategic round of financing for Calico.

"This new funding from top venture capital firms and investment banks is testimony to their confidence in our product and vision," said Joe Moran, CFO, Calico Technology. "The additional funding will enable Calico to continue its aggressive growth strategy, both internationally and through mergers and acquisitions."

"Calico is a leader in an important new market which they pioneered -- eSales," said Mike Orsak, general partner, Worldview Technology Partners. "At Worldview, our strategy is to invest in leaders in new, growing markets. Calico has the management, technology and products, and clear vision to be the long-term leader in the eCommerce software market. We are excited to be a part of Calico's continuing success."

About Calico Technology, Inc.

Calico Technology, Inc., headquartered in San Jose, is a leading provider of eBusiness software and professional services that enable the interactive buying and selling of multifarious products and services across all sales channels. Calico's eSales Suite enables direct sales forces, telesales, distributors and end users to analyze requirements, access marketing data, configure solutions, develop quotations, generate proposals, and place orders using the Internet, intranet, and laptop computers.

Calico eSales software and services allow customers to increase their competitive advantage at the point of sale, by expanding channels of distribution, reducing costs, boosting revenues, increasing customer satisfaction, and building brand. Calico can be found on the World Wide Web at http://www.calicotech.com.

A sampling of Calico Technology's customers include, Cabletron Systems (NYSE:CS), IFR Limited (NASDAQ:IFRS), JLG Industries, Inc. (NYSE:JLG), Motorola Inc. (NYSE:MOT), Nortel (NYSE:NRT), Rockwell (NYSE:ROK), Sunrise Medical (NYSE:SMD), Telxon (NASDAQ:TLXN), US West Inc. (NYSE:USW), and 3Com (NASDAQ:COMS). Calico's strategic partnerships include alliances with Clarify, Inc. (NASDAQ:CLFY), IBM (NYSE: IBM), Microsoft (NASDAQ: MSFT), Oracle (NASDAQ: ORCL), QAD Inc. (NASDAQ:QADI), Siebel Systems, Inc. (NASDAQ:SEBL) and, The Vantive Corporation (NASDAQ:VNTV).