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February 26, 2005

Ellison's bets on ASP companies paying off

Mercury News has discovered that ASP software companies (aka "software as a service" or "on demand" applications) are doing well. The article points out that Oracle CEO Larry Ellison made significant personal investments in such companies: he had provided the now public Salesforce.com with $2 million in seed money and has invested about $60 million into NetSuite, which plans to go public by year-end.

Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.