Kristin Kryway, USWeb/CKS, 415/369-6718 or
[email protected]
USWeb/CKS�s Mark Kvamme Expands Company�s Reach
Continues Role as Chairman of USWeb/CKS; Formalizes Long-Term Relationship with Sequoia Capital
SAN FRANCISCO - August 9, 1999 - USWeb/CKS (Nasdaq:USWB), a leading Internet professional services firm, today announced that Mark Kvamme, chairman of its board of directors, continues to expand his role in identifying and helping promising Internet technology start-up companies by formalizing his role as partner with a leading Silicon Valley venture capital firm, Sequoia Capital. Kvamme, co-founder of CKS, continues his role as chairman of USWeb/CKS, specifically focused on business development in start-up technology accounts.
Like other leaders within USWeb/CKS, Kvamme is actively developing and pursuing new business opportunities that complement USWeb/CKS�s mission to help clients compete real-time in the digital economy. In the past year, Kvamme has brought in over $20 million in revenue for the firm from his new business efforts.
�The Internet is fundamentally impacting how we communicate and conduct commerce,� said Kvamme. �I�ve helped build a successful company that�s now considered an industry leader. I have a long-standing relationship with Sequoia Capital, and I am now in the best position to assist start-up companies get off the ground while keeping USWeb/CKS connected to the very companies who will become the leaders of tomorrow in the new digital economy.�
�Mark is very committed to nurturing visionaries and bringing new products and services to market,� said Robert Shaw, CEO of USWeb/CKS. �He will continue his role in bringing hot, new companies to work with USWeb/CKS. This is a great win for both companies and for Mark, who continues to innovate and foster new ideas.�
Kvamme joined CKS group in 1989, and served as Chairman, President and Chief Executive Officer from 1991 until the merger with USWeb in December 1998. At that time, he assumed his role as Chairman of the Board of USWeb/CKS while continuing to pursue an active role in shaping the how start-up companies compete in the Internet age. Kvamme currently serves on the board of directors for Macromedia, Miadora.com and Oncology.com.
About Sequoia Capital
Sequoia Capital was formed in 1972 and has provided the original, start-up venture financing for companies that now have a combined market value of almost $300 billion. Sequoia Capital has been the founding investor in dozens of companies including Cisco Systems, Apple Computer, Yahoo!, Linear Technology, Electronic Arts, Vitesse Semiconductor and International Network Services. Sequoia Capital has financed a variety of other best of breed Internet companies - including LinkExchange (acquired by Microsoft), GlobalCenter (acquired by Frontier), AtWeb (acquired by Netscape), BillPoint (acquired by eBay), ChipShot, eLoan, eToys, NextCard, and PlanetRx. For more information visit the Sequoia Capital site at (www.sequoiacap.com)
About USWeb/CKS
USWeb/CKS, a leading professional services firm, works with companies to define strategies and implement innovative ways to build their businesses by combining the expertise of strategy, Internet technology and marketing communications. USWeb/CKS helps clients differentiate their products and services, strengthen customer relationships, leverage human capital and improve business efficiency in the digital economy. With more than 3,000 professionals, USWeb/CKS has helped hundreds of businesses advance their marketing communications programs as well as traditional IT and Internet systems -- everything from brand development and advertising to business process automation and e-commerce solutions. The company is headquartered in San Francisco, California. For additional information about USWeb/CKS call 415/284-7070.