Private Equity Week Wire for Monday 2/5

NEW YORK — Baker Capital, a private equity firm focused on communications industry investments, today announced the return of Dr. James G. Cosgrove as CEO in Residence.
Dr. Cosgrove, formerly an AT&T senior executive served as CEO of S2 Systems since its acquisition by Baker Capital in April of 1999. Before joining Baker Capital initially, he served as President and Chief Executive Officer for AT&T-Unisource Communications Services v.o.f., a joint venture between AT&T and Unisource, headquartered in Hoofddorp, the Netherlands.

BELLEVUE, WA & WALTHAM, MA — Noetix Corp. today announced the completion of a $17.25 million round of financing jointly funded by Polaris Venture Partners and Sigma Partners.
Noetix provides enterprise software solutions for data access management and distribution of corporate information across the wireless and wired Internet. Brian Chee, a general partner with Polaris, and Bob Davoli, a general partner with Sigma, will join the Noetix board of directors.

SAN MATEO, CA — Achieva.com, the only
comprehensive online student college prep service provider for schools,
today announced completion of a $22 million financing round, raising new
equity from top-tier institutional investors. This round of funding, led
by J. & W. Seligman & Co. (Seligman) and including Technology Crossover
Ventures (TCV), builds on Achieva.com’s early funding of $15 million led by
TCV in April 2000.

WESTFORD, MA — Narad Networks Inc., a broadband IP services infrastructure company, today announced it has secured $41.6 million in its first round of private financing, led by Polaris Venture Partners and including leading network industry entrepreneurs and executives. The company also announced its board of directors, including veteran technology pioneers Bob Metcalfe and Rouzbeh Yassini, the inventor of Ethernet and the “father” of the cable modem, respectively as well as seasoned venture capitalist Jonathan Flint, Managing General Partner and cofounder of Polaris.Narad Networks is developing next generation broadband IP access networks and an advanced service-enabling environment.

PALO ALTO, CA — Agilent Technologies Inc.,
a leading provider of innovative technologies for communications and life sciences,
announced today the formation of Agilent Ventures, a unit dedicated to investing in
technology start-up companies on a global basis.

By formalizing its corporate venture activities, Agilent expects to strengthen its technology
leadership position in optical and wireless communications, as well as the life sciences
arena. The company plans to focus on earlier-stage companies, injecting between $2
million and $10 million capital into each company. The unit plans to invest up to $100
million per year.

NEW YORK — Sphera Corp., the leading provider of
a software platform automating global hosting operations, announces the closing of $13.5
million in financing. The round was led by Gemini, and included Jerusalem Venture
Partners, Reuters Greenhouse Fund and CSK Venture Capital. The funding will be used to
further product development and expand marketing activities for the HostingDirector family
of products — an enterprise level software platform that streamlines Web hosting business
operations and allows the reliable provisioning of numerous Web services and
applications.


MCLEAN, — Novak Biddle Venture Partners (NBVP), a national
leader in providing funding to early-stage information technology companies, and Winston
Partners, a private and hedged equity investment firm and leader in growth capital
investing, today announced they will co-lead a $10 million second round of investment in
Para-Protect, an innovator in operational security for Internet and corporate networks.
Andrea Kaufman, NBVP principal, and Matthew Malone, Winston Partners principal, will
join the Para- Protect Board of Directors.

SANTA CLARA, CA — eSilicon Corp., a fabless
provider of application-specific integrated circuits (ASICs), today announced that it has
completed a second round of private financing of $20 million. Tarrant Venture Partners, a
venture fund sponsored by the principals of Texas Pacific Group, and Crosspoint Venture
Partners led the current round, and were joined by Catamount Ventures, inSilicon
Corporation, and Palmchip Corporation. Crosspoint led eSilicon’s first round of funding
with a $5 million investment.

MCLEAN, VA — Career Rewards Inc. (www.careerrewards.com), the leading provider of
Internet-based referral recruiting solutions, today announced that it has
closed $7.75 million in second round venture funding, led by Hollinger Digital
and backed by Grotech Capital Group, Mid-Atlantic Venture Funds, and Steve
Walker & Associates.

CAMBRIDGE, MA — 3PLex, the provider of web-enabled transportation solutions for third party
logistics companies (3PLs) and intermodal participants, today announced that
it has closed on $12 million in third round financing from leading investors,
bringing the total funding raised to more than $28 million. Polaris Venture
Partners and BancBoston Ventures served as co-lead investors in the round, and
were joined by CNF Ventures and others.

CLEVELAND — Christian & Timbers, a premier
international retained executive search firm, and OffRoad Capital, the online private
securities marketplace, announced today the closing of C&T Access Ventures, a $44
million private equity fund. It marks the first time a retained executive search firm has
closed a venture fund capitalized primarily by senior technology executives nationwide, as
well as the executive search firm. Through C&T Access Ventures, Christian & Timbers
seeks to leverage its relationships as a specialist in executive-level search within the
technology industry and offer access to emerging growth companies where it has placed
management teams.

MOUNTAIN VIEW, CA –BeamReach Networks, a
leading developer of next generation broadband wireless technology, announced today
that it has raised $35 million in a second round of equity financing.

The funding was led by The Goldman Sachs Group, Inc. and includes existing investors
Sofinnova Ventures, Walden International, Mitsui & Co., Inc. Private Equity Department, and
new investor, Berkeley International Capital. BeamReach was founded in March of 2000 to
develop and bring to market its new Adaptive MultiBeam OFDM technology for broadband
wireless access networks.

PALO ALTO, CA — Worldview Technology Partners
today announced the closing of Worldview IV, a $1 billion venture capital fund.

Despite an uncertain investment climate, Worldview exceeded its fund-raising goals.

The original target for Worldview IV was $850 million, but due to strong investor demand
Worldview increased the fund to $1 billion and still turned away many investors.

CUPERTINO, — Ecrio Inc., a provider of advanced
wireless messaging applications and infrastructure, today announced that it
has secured $7 million in its first institutional round of funding. Venture
firms from both the U.S. and Europe contributed to the round including, Nexit
Ventures, CDB Web Tech, Symphony Asset Management’s NetNet Ventures and
Cirlab!. Michel Wendell, General Partner at Nexit Ventures, a venture firm
focusing on companies developing wireless Internet products and services,
joined ecrio’s Board of Directors. As a global firm with offices in Silicon
Valley and Scandinavia and links to Europe and Asia, Nexit provides ecrio with
insight into these advanced wireless markets.

SANTA CLARA, CA — Imperito Networks, delivering next generation
managed virtual private networking (VPN) services, today announced it has closed over
$10 million in investment backing from leading venture capital and technology firms. The
company is readying its first entry into the VPN market with a breakthrough managed
instant VPN service that will debut in the first half of 2001.

MOUNTAIN VIEW, CA — NetLogic Microsystems Inc., the leader in network data plane system solutions that enable
the global infrastructure of networking and optical communications, today announced it
has secured $18 million from new and existing investors in its second round of funding. Sevin Rosen Funds, with its emphasis on Internet infrastructure solutions, led this round of
funding. Sevin Rosen’s investments target pivotal advances in technologies such as
optical networks, wireless Internet and e-commerce infrastructure. Throughout its history,
Sevin Rosen has combined a unique blend of technical vision and operational expertise in
the management and growth of the firm’s portfolio companies. In addition to Sevin Rosen,
other new investors in NetLogic’s funding included J.W. Seligman, Hambrecht & Quist, and
UMC Foundry. Existing investors Hallador Ventures and GlobalLink One Capital also
participated in the round.

NASHVILLE, TN –DeCorp Americas Inc., provider of innovative wiring and interconnect technologies, today announced that it has
completed the funding necessary to see the company through to commencement of
revenue generation and profitability with a final investment. Initial investors and strategic partners include LoGen Capital, a venture
capital group in the Washington, DC area, and PSINet Ventures, the venture arm
of PSINet (Nasdaq: PSIX), a global ISP and provider of related online
services. The initial investment began with LoGen Capital and PSINet Ventures
in July of 2000 and is now completed with the final installment by LoGen
Capital.

WATERVLIET, NY — Optical components manufacturer Molecular OptoElectronics Corporation (MOEC)
announced today the appointment of Michael S. Castleman, senior vice president of
Lehman Brothers’ Private Equity Division and co-head of its Venture Capital Group, to the
company’s board of directors. Castleman becomes the board’s seventh member, joining
former senior executives from General Electric and Lucent Technologies, as well as
members of MOEC’s senior management team. The announcement comes on the heels
of MOEC’s $20 million of second-round venture financing, led by Lehman Brothers.

AUSTIN, TEXAS — VIEO Inc., a provider of software
products for the InfiniBand architecture, today announced that it has raised $20 million
in Series A funding.

The investment is led by TL Ventures and includes One Liberty Ventures, Audax Venture
Fund and Eyes of Texas Partners. Robert Fabbio, Managing Director of TL Ventures,
Duncan McCallum, General Partner of One Liberty Ventures and a yet-to-be-named
executive from Audax Venture Fund will join Newt Hamlin, chairman and CEO and Jim Mott,
founder and CTO as members of VIEO’s Board of Directors.


NEW YORK — Upoc, the leading developer of mobile
community technologies, today announced the close of an $18 million “B” round of venture
capital funding. Lead investors Patricof & Co. Ventures, Inc. and Advent International were
joined in the round by Tribune Ventures and 550 Digital Media Ventures, a Sony Group
Company. Upoc’s “Series A” investors Allen & Company and Arts Alliance also participated
this round.

ATLANTA — Venture-capital firm Cordova Ventures has
affiliated with Atlanta’s e-conomyVentures to help early-stage seed companies
obtain funding and position them for market entry.
Launched in November, e-conomyVentures is a partnership of six Atlanta
service providers: The Resource Forum, law firm Arnall Golden Gregory,
software developer BlueShift, Cordova Ventures, accounting firm HA&W Habif,
Arogeti and Wynne, and iD8 Marketing.
Seed-stage entrepreneurs who qualify for entry into the e-conomyVentures
“pipeline” receive a fully integrated offering of services to include
strategy, marketing, technology, legal and accounting. Each service is
delivered as appropriate and when needed to prepare the company for the next
level of development and greatly enhance its chances to secure early-stage
funding. As the company passes through the pipeline, Cordova Ventures is
fully aware of the company’s business model and can provide valuable input
throughout the process and potentially facilitate or fund the next round of
capital.

SILICON VALLEY — Ronald J. Blair becomes a Managing Member of FireStarter, LLC, a “Fund of
Funds” venture capital firm based in Silicon Valley. Mr. Blair has been a
private equity investor in banking, high technology, and real estate. He
also serves as an officer of a large private foundation. Mr. Blair received
his MBA and JD from Santa Clara University.


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