Philosopher's Stone Ventures Partners with Tech Data
August 27, 2001, Redondo Beach, CA - Philosopher's Stone
Ventures recently joined partnership with Tech Data, a leading
global provider of IT products, logistics management and
other value-added services.
With revenues of $20.4 billion this fiscal year, Tech Data
is ranked 95th in the Fortune 500 2001 listing. According
to InternetWeek 100 E-Business Industry Leader, Tech Data
was recognized as an "E-Business Leader" for the
leading and retail distribution category. The company and
it's subsidiaries offer services to more than 100,000 resellers
in the United States and globally. Some of the services
they offer include pre- and post-sale training and technical
support, financing options, and configuration services as
well as a full range of electronic commerce solutions.
"As a partner of Tech Data, Philosopher's Stone Ventures
will have access to their services that will offer us and
our clients support in maximizing our own products and services,
as well as be able to focus our own technologies with the
support from Tech Data's Specialized Business Units,"
reflects Jenny M. Sakhrani, CFO of Philosopher's Stone Ventures,
on the recent partnership. "Their support units are
tailored to meet goals of companies, such as ours, which
will benefit from their business development support, education
and training and logistics and consultative solutions. We
are very excited to be partnered with a growing and successfully
global company like Tech Data."
Philosopher' Stone Ventures is a growing and highly innovative
technology incubator located in Southern California, and
has lucrative partnerships with Sun, IBM and Epoch Communications.
It is parent company to Razorwire Security, an Internet Security
company providing security solutions and secure network
services administration, and RippleImpact Solutions, the
newest division offering Internet and custom application
development.
For additional information, contact:
Brenda Harris
Philosopher's Stone Ventures
Telephone: (310) 316-3100
Fax: (310) 316-9500
media@philstone.com
The Philosopher's Stone is a mythical substance that can
transform lead into gold, and produce the Elixir of Life
that makes the drinker immortal. Philosopher's Stone Ventures,
as a technology incubator, has similar transformative powers:
turning the innovative ideas of our entrepreneurs into successful,
groundbreaking, money-making businesses.
