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Arsenal Digital Receives $23M in Series C Round


Arsenal Digital Solutions, a Durham-based storage service provider (SSP), recently announced that it has raised $23 million in its latest round of financing. With this new round of Series C financing, Arsenal has raised a total of $42 million in equity since its inception. The round was led by Southeast Interactive Technology Funds, and included Covestco, Task USA, and MCNC. Arsenal will use the funding to support both existing and new partners, capital expenditures required to grow the business and to increase its workforce by 15 percent. www.arsenaldigital.com

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CED Now Accepting Applications to Present at Venture 2002


Rapidly growing companies should apply now to present at Venture 2002, the most dynamic venture financing conference in the Southeast. The selection committee is looking for companies who are seeking either initial or subsequent stages of professional equity capital. Since 1999, Venture presenters have raised over $1.2 billion in venture capital - don't miss this opportunity to meet some of the nation's top investors! In addition to company presentations and exhibits, the conference will include extensive networking opportunities and exclusive investor-only events. For more information on applying to present, sponsorship opportunities or general registration, visit www.cednc.org/venture/2002.

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Paradigm to Acquire Celera Genomic's AgGen in $2.1 Million Deal


In a deal worth $2.1 million, Paradigm Genetics Inc. (Nasdaq:PDGM) will acquire the the agricultural genomics business of Celera Genomics (NYSE:CRA). The Research Triangle Park-based company will become the exclusive marketing partner to provide Celera services to the plant-based agriculture industry. Upon closing of Paradigm's acquisition of the Celera's AgGen genomics and genotyping business, which is subject to customary conditions, Paradigm's new business unit will be named ParaGen. As part of the transaction, Celera will receive 422,459 shares of Paradigm common stock and will share future service revenue with Paradigm. Financial details of the marketing partnership were not disclosed. www.paragen.com

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NetIQ Ranks 12th on Bloomberg's List of the 100 Fastest Growing Tech Companies


NetIQ Corporation (Nasdaq: NTIQ), a provider of e-business infrastructure management and intelligence solutions, announced that it was ranked 12th on Bloomberg's third annual list of the 100 Fastest Growing Tech Companies, which appeared in the October issue of Bloomberg Personal Finance. NetIQ showed tremendous growth with net sales of $128.6 million and a one-year sales growth of 278 percent. Companies eligible for the list experienced at least 25 percent sales growth during both the 12-month period from March 31, 2000, to March 31, 2001, and the first quarter of 2001 compared to the first quarter 2000. Of these 500 companies, the top 100 were then ranked by Bloomberg based on 12-month sales growth. Headquartered in San Jose, NetIQ has 90 employees in its Raleigh office. www.netiq.com

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CED Congratulates NCEITA Award Winners


CED congratulates its 12 members who recently received NCEITA Awards. Presented by the North Carolina Electronics and Information Technologies Associates, these awards are given annually in 21 categories to the leading companies and individuals in North Carolina's technology industry. www.nceita.org

Ziptronix-Early Stage Company of the Year
Peopleclick-Mid-Size Company of the Year
TogetherSoft Corporation-Software Company of the Year
Targacept-Health/Pharmaceutical Company of the Year
NetOctave-Electronics Company of the Year
Intelligent Information Systems-Top Customer Service Company of the Year
Nitronex-Top Venture Capital Invested Company of the Year
Southeast Interactive Technology Funds-Corporate Citizenship Award
Char Grunwaldt, The Business Journal-NCEITA Volunteer Award
Hutchison & Mason, PLLC-IT Support Services Award
HowStuffWorks-Corporate Education Award
Ultimus, Inc.-Private Company of the Year

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Events Update




Biotechnology Roundtable - The North Carolina Genomics and Bioinformatics Consortium — December 10th, 2001

Capital Connection Luncheon (F.K.A. STREAK Luncheon) — December 11th, 2001

Infotech Roundtable: The Ins and Outs of Spinouts — December 12th, 2001

FastTrac Information Session — December 12th, 2001

CED Capital Connection Information Session — December 12th, 2001

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