Funding for e-Procurement Firm
Staff -- graphic arts online, 7/1/2002
San Francisco-based e-procurement services provider Httprint has secured $12 million in financing from venture capital group Investcorp SA and Bertelsmann Capital Ventures. Httprint president and chief executive Mark Porter says the new capital will be used for expansion of operations in New York and Germany, development of next-generation software, and enhanced client service.
Jan Kantowsky, managing director of Bertelsman Capital Ventures, will join Httprint's board.
Httprint also announced its acquisition of Munich, Germany-based Publishers Market AG, which specializes in Web-enabled print advertising workflow solutions.
Rainer Heckman was named managing director of Httprint's expanded German operations.
