Startup Raises US$26.4 Million in Funding

FRAMINGHAM (08/07/2000) - SiteSmith Inc., a Santa Clara startup that provides Web site outsourcing services, has raised US$26.4 million in new venture funding. The company plans to use the funds to further expand its sales and marketing organizations, and build out the company's network infrastructure worldwide. Investors include Comdisco Ventures and Dell Ventures, among others.

Former UUNET Technologies Inc. CEO Mark Spagnolo recently became SiteSmith's CEO.

SiteSmith: www.sitesmith.com.

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