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The 50 California start-ups looking for investors and partners at the Cal-IT Forum in London on 22 and 23 October 2001 have attracted unprecedented interest from European delegates, with a record number of one-to-one meetings already booked for the event.


Despite the difficulties currently facing the technology sector, interest from investors and partners in the new breed of small, lean technology companies is as strong as it has ever been over the previous five years of the Forum.


The California Technology, Trade and Commerce Agency (CTTCA) presents the Forum and Jeffrey Gersick, managing director (EMEA), explains the logic behind the interest: “In tough times everyone wants a bargain and Cal-IT gives European investors access to the greatest deals available in the technology market. Growing in the harshest of conditions, these new California companies have had to guarantee that their technology has a market, that their business plans are viable and ensure that their equity is available at a very attractive price. The result is 50 of the strongest new technologies available at realistic prices in one place.”)


The CTTCA has handled a record number of requests for meetings from attending delegates wanting to meet and negotiate with the California technology companies. “Present economic conditions suggested that a decrease in interest in the Forum was possible this year,” says Mr Gersick, “but the reality has been a great surprise. The contraction of the market has exposed the best brand new technologies; consequently the presenters attending Cal-IT 2001 are exceptionally strong. Delegates looking for a solid product at a bargain price have realised this and are viewing the Forum as an opportunity to source companies that will spearhead the technology of the future.”



The new technologies presented at Cal-IT 2001 include:


Ø Broadband streaming


Ø Broadband wireless architecture


Ø Wireless security


Ø Remote system management


Ø Networking


Ø Network security


Ø Internet security


Ø Rich wireless messaging


Ø Digital presence management


Ø Enlarging network capacity


Ø Biometric payment systems


Ø Knowledge management


Ø Content management


Ø Semi conductors


Ø ASP leasing


Ø Streaming media


Ø Free space optics


Ø Routing


Ø Wireless platforms


Ø Wireless transport information


Ø Supply chain management


Ø Wireless optical networks


Ø Website reliability


Ø Internet anonymity and privacy


Ø Storage


Ø Wireless audio streaming


Ø Unified messaging


Ø DNS management


Ø Internet payment security


Ø Wireless resource tracking


Ø Bluetooth


Ø Internet application for work collaboration



Evidence of the presenting companies’ high quality is found in examples such as Kasenna, developer of a software platform that delivers video-on-demand, which has just announced a deal with Sony Europe; NextBus, a public transport wireless information system, already in talks with UK operators about launching in Q1 2002; and Indivos, provider of biometric payment systems, that is rolling its finger-scanning system out across the US East coast.



Each company will deliver an ‘elevator pitch’ before the assembled audience and be available for meetings with delegates and the media. Many companies will have demonstrations of their technology on show.



Over USD 340 million in deal flow has been generated over the lifetime of the Forum and this year’s results are expected to add significantly to this number. The strength of the technologies, the survival of the fittest and leanest technology companies and the development of a precise process to filter applicants have all contributed to the continuing stimulation of interest amongst investors and partners.

ENDS - -




Editor’s Notes


Cal-IT will take place on 22nd and 23rd October at the Queen Elizabeth II Conference Centre, Westminster, London.


Members of the press are invited to attend and are requested to contact Cressida Eccleston or Adrian Chitty for inclusion on the press list.


Delegate places at Cal-IT can be booked through the website, www.cal-it.com, or by calling Cadogan Conferences on 020 7336 8710.

Cal-IT website:

http://www.cal-it.com


CTTCA website:

http://www.commerce.ca.gov


If you would like to:


- Arrange an interview with a member of the London office of the CTTCA;


- Arrange an interview with one of the participating technology companies;


- Receive more information about the CTTCA or Cal-IT;


- Or, receive more information about the companies exhibiting



then please contact either Cressida Eccleston or Adrian Chitty at VLP, Tel: +44 (0)020 7403 7500, Email: california@vlp.co.uk


This press release was distributed by ResponseSource Press Release Wire on behalf of VLP (Vousden Levick Publicity) in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.