Private Equity Week Wire

PASADENA, CA — Nanostream Inc., a leading technology company in the emerging field of
microfluidics, today announced the completion of a series B round of
financing. The round was led by Techno Venture Management (TVM) and AGTC
Funds. Also participating were Shamrock Capital and series A investors.

DALLAS — NetCommerce, Inc. announced that Commodore Ventures
N.V., a Dutch venture capital firm, has agreed to provide NetCommerce, Inc.’s wholly
owned subsidiary, MetroplexWeb, Inc., with $2,000,000 in financing, upon the successful
acquisition of NewData Strategies, Inc. (“NDS”).

AUSTIN, TX — Convio Inc., an Internet software
company providing relationship management solutions to the nonprofit sector, announced
today that it has secured $12 million in its second round of funding.

Granite Ventures LLC led the round through its Granite Ventures and Adobe Ventures
funds. Also participating in the financing were previous investors Austin Ventures and
Silverton Partners, as well as new investor Neil Webber, co-founder and former CTO of
Vignette Corporation (Nasdaq:VIGN). Austin Ventures and Silverton participated in Convio’s
first round of funding.

WASHINGTON DC — Intellibridge Corp., today announced completion of a $9.9 million round
of Series A preferred equity financing.

The funds will enable the continued rapid growth of the three-year-old,
Washington, DC-based company that provides open source intelligence and
decision-support systems, proprietary analysis and custom content to leading
corporations and branches of the military. The lead investor was Hudson Venture Partners – a New York City-based
investment fund with over $170 million under management.

The other prominent members of the syndicate were technology-focused Liberty
View Equity Partners, Marketing 1 to 1(R) Ventures– which brings expertise in
customer relationship management–and the Lorentzen Group (represented by
Tyburn LTD and Northern Navigation International LTD) whose holdings span from
Brazil to Scandinavia.

London-based CDIB Young Associates Capital Partners, LP also invested in the
company.

CALGARY, CANADA — Megawheels Inc. (CDNX:MGW.), the global leader of technology-driven,
web-to-print publishing solutions for the newspaper advertising sector, today
announced that Venture Investment Management Company LLC (VIMAC) of Boston,
Massachusetts has committed to invest $1.9 million in Megawheels’ current
round of financing.

The announcement came as the Company confirmed that it is proceeding with a
$5 million financing which commenced in January. The Company received a
commitment of $1.1 million from other investors in February, bringing the
total funds committed to date to $3 million. These monies will be used to
expedite the company’s implementation of its publishing technologies into
leading global newspaper groups.

PALO ALTO, CA & HOUSTON, TX — Vanguard Ventures today
announced the appointment of Larry Schwerin, former president and chief executive officer
of business accelerator CenCom V, as Partner. With an extensive background as a
technologist and CEO of two technology businesses, Schwerin brings more than 20 years
experience in telecommunications and venture capital to his new role. His addition to the
firm will further strengthen and grow Vanguard’s capabilities in the communications and
Internet infrastructure markets. Schwerin plans to begin working with Vanguard in May.


SUNNYVALE, CA — TeraBurst Networks Inc., a
leading developer of switching systems for next-generation optical networking, announced
today that it has raised $32.4 million in its recent round of financing, bringing the total
amount to $51.4 million since it was founded in January 2000.

Tyco Ventures, the venture capital unit of Tyco International Ltd., led the investment round
and was joined by Raza Ventures, Merrill Lynch Ventures LLC, Labrador Ventures and
Satwik Fund. Funding will be used for marketing, research and development and customer
support in order to expedite development of its next generation, carrier-class optical
switching solutions.

For yesterday