By Ben King, 15 August 2001 12:03
NEWS ASP ventures are still attracting funding despite reports of the sector failing to take off. Texas-based Delinea, a Vertical Service Provider for the energy industry, has closed a $6.6m second round of venture capital funding with two new investors, Dynergy and Valley Ventures. Existing investors include Koch Ventures, Greenwood Gulch Ventures and Delinea's own managers. Delinea provides applications hosting, consulting and outsourcing services to energy companies, specifically targeting the utilities, energy retail services and petroleum downstream markets. The service provider is part of a growing trend of companies diversifying from pure application provision into supplying a mix of services such as consulting and industry expertise.
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