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Kip Frey
Kip Frey may not be able to talk about his latest venture, OpenSite Technologies, Inc., because it filed for its initial public offering in February. But he has plenty to say about the Research Triangle Park region. "Besides being a fabulous place to live and raise a family, the Triangle offers the opportunity to make meaningful contributions to an entrepreneurial community that is still in the early stages of development," said Frey, president and CEO of RTP-based OpenSite. Frey's contributions have been plentiful. He was executive vice president of Ventana Communications Group before negotiating and closing its sale to International Thomson Publishing in 1995. He then became president of Accipiter, a leading provider of Internet advertising solutions. In early 1998, he negotiated and closed the sale of Accipiter to CMG Information Services for $50 million ------ the largest deal ever for a privately held software company based in RTP. Frey is now responsible for all of OpenSite's operations and the execution of its strategic plan. The company was the first to offer a comprehensive software solution that enables businesses to host their own interactive online auctions. It has delivered more than 600 auction solutions to customers such as The Sharper Image and John Deere. When he's not at the office, Frey can be found at Duke University's Sanford Institute for Public Studies and School of Law, where he is an adjunct professor. He has also lectured at the University of North Carolina and North Carolina State University. "I enjoy the potential for interaction with our universities," he said. Frey said the Triangle's "very dynamic combination of private enterprise and public development" helps high-impact, high-growth ventures such as Accipiter and OpenSite succeed. OpenSite, Inc. For more information about the Venture 2000 Conference, please contact the Council for Entrepreneurial Development at 919.549.7500, or visit CED's World Wide Web site at www.cednc.org. |