March 30, 2006 |
Internet Capital Group Inc. expanded its foray into the growing market for "on-demand" Web-based software, saying yesterday that it had acquired a 36 percent stake in Vcommerce Corp., of Scottsdale, Ariz., for $13 million. The Wayne-based technology-investing firm spent years struggling to stay in business after the dot-com bust of the early 2000s. Internet Capital has been trying to lurch back toward profitability with a more focused business model: The firm's new investments are almost exclusively in companies that provide software online.
June 8, 1989 |
Rev. Robert J. Buckley, 60, retired assistant pastor of several New Jersey churches, most recently at St. John's Church in Paulsboro, died Friday at Our Lady of Lourdes Medical Center in Camden. Father Buckley, who lived in Camden, was born in Philadelphia. After receiving his bachelor of arts degree in art history in 1954 from Niagara University in New York, he earned a master's degree in theology at DeSales Hall School of Theology in Hyattsville, Md. He was ordained in the Oblates of St. Francis de Sales in Wilmington, Del. in 1957.
February 21, 2002 |
Internet Capital Group Inc. said yesterday it lost $39.8 million in the fourth quarter of 2001, compared with a loss of $561.2 million for the same period a year ago. The Wayne company, which invests in e-commerce businesses, attributed the improvement primarily to a reduction of the number of companies in its portfolio and cost reductions at the remaining ones. At the end of last year, ICG had investments in 47 companies, compared with 71 at the end of 2000. The company said it was now focusing most of its resources on 20 of the remaining 47. Walter Buckley, ICG's chairman and chief executive officer, said two of the companies - iSky Inc., a provider of customer care services, and online marketplace specialist LinkShare Corp.
February 7, 2013 |
An e-commerce company co-owned by Radnor-based ICG Group Inc. has been purchased by Google Inc. for $125 million in cash. Channel Intelligence Inc., headquartered near Orlando, Fla., helps companies such as Target, Neiman Marcus, Kimberly-Clark, and Best Buy reach online customers. Central Intelligence tracks nearly 15 percent of U.S. transactions online and drives $2 billion in sales annually, according to the company's website. "Our vision for CI started with the desire to simplify the online shopping experience," said Rob Wight, Channel Intelligence founder and chairman.
February 8, 2013 |
An e-commerce company co-owned by Radnor-based ICG Group Inc. has been purchased by Google Inc. for $125 million in cash. Channel Intelligence Inc., headquartered near Orlando, Fla., helps companies such as Target, Neiman Marcus, Kimberly-Clark, and Best Buy reach online customers. ICG, which buys and builds Internet software and services firms, said it will get $60.5 million for its stake in Channel Intelligence, which is jointly owned by Colorado-based Aweida Capital Management L.L.P.
February 22, 2001 |
Internet Capital Group Inc., the once-high-flying Wayne e-commerce company, said yesterday that it lost $561 million in the fourth quarter, but still expected to finish 2001 with more than $200 million in cash and marketable investments. Excluding write-downs and other non-cash items, ICG lost $200 million in the fourth quarter and $484 million for the year. ICG invests in other business-to-business Internet companies, and it needs enough cash to get to the point where it can recognize the value of more of those investments.
June 21, 2001 |
Internet Capital Group Inc., the Wayne company that invests in e-commerce start-ups, said yesterday that two Hong Kong investors offered to pay $100 million in cash for ICG's stake in its Asia subsidiary. ICG had purchased 53 percent of ICG Asia Ltd. for $116.8 million last year. ICG Asia manages business-to-business exchanges in Asia. The sale of its interest in ICG Asia is another move by the company - once worth more than General Motors Corp. - to pare operations and conserve funds in a market climate that no longer favors Internet companies.
May 1, 2000 |
Internet Capital Group continues to help put the Philadelphia region on the Internet map. ICG co-founder Ken Fox was recently named one of the 21 most influential leaders in the Internet economy by The Industry Standard, a high-tech magazine. Fox, 29, co-founded ICG with Walter Buckley. Both previously worked at Safeguard Scientifics. Fox, who now works out of ICG's Silicon Valley office, told the magazine his business acumen dates to his childhood. In fifth grade, he started reading The Wall Street Journal.
February 19, 2000 |
Chemical giant DuPont Co. and e-commerce power Internet Capital Group Inc. announced a $100 million joint venture yesterday to build online trading posts to serve industries ranging from apparel to chemicals. The joint venture, to be called CapSpan, is a foray into the newest use of the Internet by major corporations: to create trading forums open to all players in an industry, even competitors of the sponsor. Until recently, most big companies used the Internet to communicate only with their own suppliers and customers.
December 14, 1999 |
One of Europe's financial giants is targeting Philadelphia. ING Group, Amsterdam, Netherlands, asked the federal Office of Thrift Supervision last week for permission to set up ING Bank as a Wilmington-based institution that would troll for consumers from New York to Wilmington - but especially in "the Philadelphia area, which ING's market research suggests will be very responsive," according to ING's proposal. Through phone and mail contacts, as well as the Internet and its single banking office, ING Bank would provide 24-hour customer service; "attractive rate" deposits without any fees, charges or minimum balances; and "an alternative, much cheaper source of consumer credit than that available through credit-card or installment-loan programs.