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Marketing Newsletter
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October 21, 1999
Orange County Edition
Section: Business
Page: C-3
O.C. BUSINESS PLUS;
ORANGE COUNTY BRIEFLY;
E-Commerce Exchange Gets $30 Million;
By: Jonathan Gaw
E-Commerce Exchange of Irvine received $30
million from Summit Partners, a Palo Alto venture capital firm, in
exchange for an undisclosed amount of equity.
The 10-year-old ECX
offers small- and medium-sized businesses services to accept credit-card
payments over the Internet, as well as other online transaction
capabilities.
The company, which said it is profitable, has more than
200 employees.
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