additional 8% investment in WebTone Technologies Inc., bringing its stake in the private company to 12%.

WebTone, which sells software that facilitates customer service over the Internet, was founded in July 1997 by Michael C. McChesney. Mr. McChesney was also a founder of the pioneering Internet institution Security First Network Bank and the Internet software company it spawned, Security First Technologies. The bank was spun off and sold to Toronto-based Royal Bank in October 1998.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.