Hands-On Technology Secures Strategic Investors, Expanding Business Focus

Strategic Insights -

Hands-On Technology (HOT), a pioneering multimedia publisher catering to the business market, has announced the acquisition of significant strategic investors in Olivetti and R.R. Donnelley. This development marks a significant milestone for HOT as it forges partnerships with corporations having complementary technical expertise and presence in key markets. The addition of these investors will help HOT enhance its real-time insight tools, further solidifying its position in the dynamic world of interactive multimedia and telecommunications computing.

Key Takeaways:

  • Hands-On Technology (HOT) has secured major strategic investors in Olivetti and R.R. Donnelley, solidifying its business focus in the multimedia publishing market.
  • The new investors will provide HOT with complementary technical expertise and presence in key markets, further enhancing its real-time insight tools.
  • HOT's CRUSH, a real-time insight tool based on Regis McKenna's competitive methodologies, will be made available in September 1995.
  • Olivetti Ventures, a major international player in the information technology industry, will support HOT in localizing and promoting CRUSH worldwide.
  • R.R. Donnelley & Sons, a world leader in print and digital information, will contribute its expertise in manufacturing, reproducing, and distributing print and digital information to HOT.
  • HOT's Mentor Series incorporates the proven methods of successful business leaders with an integrated set of tools for comprehensive, customized marketing directions.
  • The company is also funded by prominent investors such as Kleiner Perkins Caufield & Byers, New Enterprise Associates, Bill Campbell, and Regis McKenna.

Statistics:

  • HOT was founded in 1993 and is based in BURLINGAME, Calif.
  • R.R. Donnelley & Sons was founded in 1864 and is headquartered in Chicago, Illinois.
  • Olivetti has a significant presence in the information technology industry through its subsidiaries, notably 4C Ventures L.P., which provides insights on innovative and emerging technologies.
  • HOT's first product, CRUSH, is scheduled for release in September 1995.

Sources:

  • Business Wire, August 14, 1995.
  • "Note to Editors: Hands-On Technology, HOT, The Mentor Series, CRUSH and the HOT logo are trademarks of Hand-On Technology, Inc."
  • Hands-On Technology press release, August 14, 1995.