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OpenSite Technologies Places Former Accipiter President at the Helm


Durham-based OpenSite Technologies, a developer of software that enables merchants to sell their wares through auctions on the Internet, named Kip Frey as president. Frey is the former president of Accipiter, a developer of software for Internet ad management.

Frey plans to help take the company to the next level, including hiring a senior management team. He left Accipiter after it was sold to publicly held CMG Information Services in April.

Michael Brader-Araje, the company's founder and chief executive officer, also served as president before the addition of Frey. Brader-Araje will now focus on strategy and acting as spokesman for the company. OpenSite's customers include The Sharper Image, the San Francisco-based catalog business.

Relativity Technologies Closes $3 Million in Venture Funding


Relativity Technologies,

a software developer based in Raleigh, closed on $3 million in venture funding from Noro-Moseley and the Wakefield Group.

The company plans to use the money for expansion, including moving into European markets. Relativity produces software that allows companies to translate older software from big mainframe computers into languages that are more commonly used today. It's product RescueWare(r) is a software product that fully integrates the process for transforming legacy systems to modern Internet/intranet and client/server platforms - such as Java, C++ and Visual Basic. A variation of RescueWare will serve as a Year 2000 solution.

Daniels & Daniels Become Gold Sponsors for Software '98


Daniels & Daniels PA

is a gold sponsor for Software '98, the Southeast's premier software industry conference. Software '98, CED's eighth annual software conference, showcases the best of North Carolina's $3-billion information technology industry. The conference will be held on October 16, 1998, at the Kenan Flagler Business School's McColl Building on the campus of the University of North Carolina at Chapel Hill.

Software '98 brings together software entrepreneurs, CEOs and executives primarily from the Research Triangle area and other Southeastern and Mid-Atlantic states to learn about business and technology trends and software/Internet business "how to's." Last year, 450 people attended the conference. Register now! For more information, contact Evelyn Hughes .

Seeking Early Stage Financing? Apply Now For STREAK, CED's Venture Forum


Are you seeking early stage capital for your growing company? Apply now for STREAK, CED's venture forum that provides young potential high-growth companies with access to mentors, potential investors and increased visibility. Application deadline is August 25, 1998.

STREAK is designed for entrepreneurs with exciting ideas who will be seeking an early round of capital in the next six months and who can demonstrate equity investment potential. Prospective candidates must submit an application and executive summary to be considered for the program. Two companies will be selected each month to submit their business plan to a four person mentoring team consisting of investors, legal advisors, CPA's, experienced entrepreneurs and marketing experts.

The team will study the business plan, and the entrepreneurs will give a "behind closed doors" presentation to the team. The team will then candidly critique the business plan and presentation, make recommendations, and provide ongoing mentoring for the company. Two companies per quarter will be selected to present at a large quarterly event attended by potential investors and partners, financiers and others involved in the entrepreneurial funding process. For more information, contact Suzanne Cantando at CED.

Check Out Upcoming CED Programs and Events!


North Carolina Technology 50 Awards Dinner
Date: August 20, 1998
Time: 7:00 p.m. - 9:00 p.m.
Location: Sheraton Imperial, RTP
Contact: Deloitte & Touche

North Carolina's 50 fastest growing technology companies will be recognized at the North Carolina Technology 50 Awards Dinner. The dinner is sponsored by Deloitte & Touche, CED, J&H Marsh McLennan, Triangle Business Journal and Womble Carlyle Sandridge & Rice with associate sponsors NCEITA, NCBIO and MEC. The North Carolina Technology 50 is an annual ranking of the 50 fastest growing technology companies based in North Carolina. The rankings are based on percentage of revenue growth.

Global Business Roundtable: International Sales Forum
Date: September 3, 1998
Time: 5:30 - 7:00 p.m.
Location: CED Entrepreneurship Center
Contact: Bill Spruill