California?s Finest Supports Growth of European IT Industry at Cal-IT 2003

This year?s Cal-IT (27 and 28 October 2003), the eighth annual California information technology partnering and investment forum, sees 40 of the world?s biggest names in IT and venture capital debate the central issues, current technology, trends, companies and business opportunities facing the technology market in California and Europe today.

Goldman Sachs identified Europe as a growth area in software and technology services and the Californian’s have taken note and are coming to Britain to meet them.
Goldman Sachs? analysts forecast wireless and security will be the focus of IT managers as they have a potential to boost profits. Of the 40 plus Silicon Valley technology companies flying to London to exhibit, 40 per cent are focused on wireless and telecommunications solutions, while the remaining breakdown as 30 per cent on security, 18 per cent on software and 12 per cent internet solutions.

Jeffrey Gersick, Managing Director of the State of California?s office, comments: ?Despite the current economic downturn surrounding the high-tech sector, we have been overwhelmed by the number of applicants for Cal-IT that have met the strict selection criteria. We are proud to be able to present this year?s best and brightest to the European market this year and have no doubt that the new technologies will generate a lot of profit making partnerships.

Since its inception in 1996, the forum has prospered, generating an estimated $400 million in business deals between California and Europe and has launched many industry trend setters including Asera, BroadVision, Blue Pumpkin Software, Inktomi, Intraspect Software, Ishoni Networks, Kana, Pocket This, Portal Software, Scale 8, Widcomm, Vicinity.

Confirmed speakers include:

§ Marc Benioff, Chief Executive Officer, salesforce.com

§ Rick Hayes, Senior Investment Officer, CalPERS

§ Marc Andreessen, Chairman, Opsware & Co-founder, Netscape

§ Enrique Salem, Chief Executive Officer, Brightmail

§ David Marques, Chief Technology Officer, Elsevier Science

§ Simon Walkden, Global Head of IT Expertise, UBS Warburg

§ Matt Bros, Chief Technology Officer, BT

§ Mike Dalton, VP UK, Network Associates

§ Alan Black, VP Europe, Openwave

§ Jai Singh, Editor, news.com & Vice President, CNET Networks

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This year?s top private companies were selected from a pool of applicants by the State of California and the European Technology Advisory Board (TAB), consisting of companies such as Ardea Partners, Argo Global Capital, British Telecom Group, BTexact, BV Capital, Cap Gemini Ernst & Young, Copan UK, Orange Ventures, the Office of the e-Envoy, Northstream, Reed Elsevier Ventures, Royal Mail, SAP Ventures, Schlumberger, Siemens and T-Ventures of America.

All of the TAB members will attend Cal-IT to search for partnership and investment opportunities. Companies are selected on overall strength, technology, management team and relevance of the product or technology to the European market.
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