Posted on: Thursday, March 15, 2001
Kamakura Corp. gets $2.5 million in financing
Advertiser Staff
Kamakura Corp. gets $2.5 million
Hawai'i-based risk-management company Kamakura Corp. has received $2.5 million in common-stock financing from a group of risk-management experts.
The company said it will use the money to pay off debts and to supplement working capital. Kamakura develops and manages financial risk-management software packages for major banks.
Company founder Donald van Deventer moved Kama
kura from Japan to Hawai'i in the late 1990s in an attempt to broaden the company's international presence.
Fullard-Leo trust buys building
The Fullard-Leo family trust has bought the Waikiki Crazy Shirts building at 151 Ka'iulani Ave. for $2.5 million.
The trust, investing proceeds from its sale last year of Palmyra Atoll, completed the purchase this week. A 10-space parking lot on an adjacent leasehold parcel was part of the deal.
The seller, Crazy Shirts Inc., which listed the property through broker Colliers Monroe Friedlander in August, is leasing back the 2,695-square-foot building under a 10-year lease.
Software firm moves to O'ahu
A team of Mainland software developers has moved to O'ahu to launch Parallel21, a software development company based in downtown Honolulu.
The firm has landed three projects: evaluating and testing a new Microsoft product, creating an Internet ordering system for Kahala Sportswear, and designing a new Web site for Victoria Ward.
Parallel21 is led by Hawai'i-born Wade Waka shige, who headed three divisions of programmers for Amazon.com, and Justin Vander Pol, a founder of two Seattle-based start-ups and former senior business analyst for Amazon.
