Recent News 

Language Weaver is acquired by SDL for US$42.5 million

         The Athenaeum Fund and The Athenaeum Fund II announce the first liquidity event for both of the Funds' portfolios. The two Athenaeum funds invest together in advanced technologies expected to have significant market potential, and each of the two Funds' portfolio companies is achieving rapid revenue growth and market penetration. SDL, a British based, publically traded company focused on Global Information Management, is acquiring Language Weaver for a consideration of US$42.5 million in cash, subject to adjustments for closing working capital and cash positions, with target cash in the business of US$4m. Language Weaver was founded eight years ago to develop commercially viable automated translation software using a new statistical methodology; and The Athenaeum Fund provided the first institutional financing. Since then, Language Weaver has delivered compelling quality translation software solutions for both government and commercial customers; and both of The Athenaeum Funds invested in Language Weaver's second financing. Click here for the full story.

Chemical Heritage Foundation names John Baldeschwieler and George Hammond 2003 Othmer Gold Medalists

         The Chemical Heritage Foundation (CHF) has selected two recipients for the 2003 Othmer Gold Medal: John D. Baldeschwieler and George S. Hammond. The award ceremony and the annual Othmer Gold Medal Luncheon will headline the Heritage Day festivities at CHF in Philadelphia, Pennsylvania, on Thursday, 12 June 2003. Click here for the full story.

Caltech chemist John Baldeschwieler named winner of 2000 National Medal of Science

          John Baldeschwieler, J. Stanley Johnson Professor and professor of chemistry, emeritus, at the California Institute of Technology, has been named by President Clinton as one of this year's 12 recipients of the National Medal of Science. The announcement was made today (Nov. 13) at the White House. From Caltech Media Relations,  November 13, 2000. Click here for the full story. To read more about the National Medal of Science click here.

Please visit the websites of our portfolio companies for recent press:

Eidogen-Sertanty, Inc.
http://www.eidogen-sertanty.com/newsroom.html

Fulcrum Microsystems
http://www.fulcrummicro.com/news.htm

Syagen Technology, Inc.
http://www.syagen.com/news_summary.php

Resources