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Ziff brothers invest in Web chat company

Published on .

ichat Inc., a supplier of real-time chat software, received $4.5 million in investment funds from Ziff Brothers Investments and ONSET Ventures.

The financing will allow ichat to accelerate its marketing of the ROOMS chat server, which adds real-time chat communications to existing Web sites. Additionally, ichat will expand its customer support staff and boost development.

Ziff Brothers manages the investments of the Ziff family, former owners of Ziff-Davis Publishing Co.

Copyright June 1996 Crain Communications Inc.

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