Big-Name Firms Help Finance Viacore Plans

Reuters

Viacore Inc., a provider of Internet infrastructure products to speed up business-to-business E-commerce, said Monday it has received $43 million in additional funding from some of the biggest companies in high-tech.

Sources of financing for the 2-year-old Irvine company included Cisco Systems Inc., Dell Computer Corp., Hewlett-Packard Co. and the venture capital unit of chip-making giant Intel Corp., Viacore said.

The financing, led by VantagePoint Venture Partners, brought the total raised by Viacore to $78 million and will help the company expand beyond the high-tech sector to the automotive and aerospace sectors, Viacore Chief Operating Officer Daniel Driscoll said.

Viacore's infrastructure products and services allow customers to use the Internet to automate and manage such routine tasks with contractors as planning, forecasting and inventory management.

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