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August 5, 1997updated 03 Sep 2016 4:26pm

ICAT SECURES $19.2M SECOND ROUND FINANCING

By CBR Staff Writer

Electronic commerce software company iCat Corp has secured $19.2m of second round financing. The round was led by Canadian Imperial Bank of Commerce and featured a large swathe from Hancock Venture Partners. The Seattle-based company raised $6m in June of last year, and existing investors Bay Partners, JF Shea, Internet Capital Group, Transcosmos/Encompass Group and Invisions Metro AG went round again this time. Four year-old iCat’s principal product, Electronic Commerce Suite is currently on version 3.0 and it has partnership agreements with Hewlett-Packard Co and AT&T Corp among others and competes against Microsoft’s Site Server Enterprise Edition and Lotus Domino Merchant. Meantime, the company also appointed Jim Thompson as chief financial officer, formerly of Spokane, Washington-based Itron Inc, a provider of computer and wireless datacoms systems.

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