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Charlotte's Elogex Secures $6.2 Million

Elogex Inc, a Charlotte-based application service provider offering collaborative commerce and transportation execution solutions for the logistics and distribution industry, secured $6.2 million in a strategic round of venture funding. Fenway Partners led the investment. Elogex is launching its proprietary collaborative commerce platform called the "Elogex Network," in the fourth quarter of 2000. John Anderson, head of Big Wheel Partners, a subsidiary of Fenway Partners, will join Elogex's four-member board of directors. www.elogex.com

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