Private Equity Week Wire for Monday 3/5

WASHINGTON, DC — The Carlyle Group, a leading global
private equity firm, today announced two additions to its US Venture Team.

Allan C. Thygesen joins the firm’s San Francisco office as Managing Director and Brian W.
Hayhurst joins the Washington, DC office as Principal.

Prior to joining Carlyle, Mr. Thygesen worked for almost five years at Wink
Communications, Inc., a leading interactive television company, where he last held the
position of Executive Vice President for Sales and Business Development.

HAYWARD, CA — White Pajama, a provider of customer contact solutions for small to
medium-sized organizations that debuted its service earlier this year,
announced today that it has secured more than $43 million in financing from a
blue-chip group of venture capitalists and corporate partners in its bid to
redefine the size of organizations able to provide world-class customer care.

Norwest Venture Partners led White Pajama’s second round of financing, with
participation by Mayfield Fund, Sofinnova Ventures, and other high-tech
investors. The latest financing increases the total private funding for White
Pajama to more than $53 million since its inception. White Pajama will use the
financing to increase its sales and marketing efforts and expand its
technology and service offerings.

WAYNE, PA — Planalytics Inc., a provider of supply chain planning
technologies, today announced it has completed a $15 million round of funding led by
Exelon Capital Partners. Also participating in the round as co-investors were Meridian
Venture Partners, TL Ventures, and Wynnefield Capital Advisors.

PALO ALTO, CA — Gemfire, an integrated
photonics company, today announced that it has raised over $63 million in its
Series C round of funding, bringing the total investment in the company to
date to over $85 million. Industry leaders Cisco Systems, Corning, Finisar,
Intel Capital and TriQuint Semiconductor participated in the company’s most
recent round with additional investments from venture capital firms Hook
Partners, Kleiner Perkins Caufield & Byers, Mohr Davidow Ventures and Spring
Creek Partners. Specific terms of each investment were not disclosed.
Gemfire, which was formally introduced today, is focused on providing
integrated array-based components for fiber optic applications. Gemfire’s
mission is to eliminate the primary roadblocks to optical network expansion by
integrating component functions through products that deliver disruptive
value, performance and functionality.

REDWOOD SHORES, CA — Escalate Inc., provider of the

industry’s most complete enterprise e-commerce application for integrated

selling, today announced that it has closed its series C round of funding

totaling $38.1 million. The financing led, by Charter Growth Capital,

enables Escalate to step up marketing and sales efforts. Also providing

investment capital to Escalate is eVenture at Bank of Singapore, as well as

some of the existing investors including Accel Partners and Norwest Venture

Partners. Charter Growth is also invested in Commerce One, Agile,

Interwoven, and Alteon Web Systems.

NEW YORK — Vaultus, a mobile platform company for
the enterprise, announced today that it has closed $32 million in second round
financing, with an anticipated second closing on additional funds to occur by
the end of March. The Series B round, led by First Union Capital Partners,
brings the total invested in the company to over $57 million. The round also
includes Research In Motion Limited (Nasdaq: RIMM) (Toronto: RIM), (212)
Ventures, Investcorp, China Industrial Development Bank and @Ventures as
participants.

SAN MARCOS, TEXAS — Pixel Magic Imaging, a
digital imaging technology and photo kiosk solutions company, today announced
that Southeast Interactive Technology Funds is leading the series B round of
$10.5 million. Southeast Interactive, which also led Pixel’s initial funding,
joins repeat investor Sony Electronics,CIT and
Barnard & Co. LLC.

ENCINO, CA — Eve Kurtin, managing director of Pacific Venture Group, has been
named a founding member of the RAND Health Board of Advisors.
Comprised of national leaders from both the public and private sectors, the board will work to improve the nation’s health
care system by advancing an understanding of how the organization and financing of care affects cost, quality and access.
Kurtin brings to the board more than two decades of experience as a health care executive. She was the founder and chief
executive officer of Physician Venture Management, a joint venture of UniHealth and Columbia/HCA that developed and
operated physician networks nationwide.

SANTA CLARA, CA — Ishoni Networks, the developer of Broadband Engines for the New
Internet, today announced that it has raised approximately $35 million in
financing from several leading venture capital firms, investment banks,
venture lenders and strategic partners.

meVC Draper Fisher Jurvetson Fund I (NYSE:MVC) led the venture funding
round, and new investors include Brad Peery Capital, Credit Suisse First
Boston, Deutsche Banc Alex Brown, PacRim Venture Partners, SinoStar Capital
and several other strategic investors. All of Ishoni’s previous investors — Bessemer Venture Partners, Information
Technology Ventures, INVESCO Private Capital and Lucent Venture Partners —
also participated in the venture-funding round. To date, Ishoni has raised
approximately $65 million through three financing rounds.

NEW YORK — Creditex Inc., the leading

global electronic trading and information platform for the credit
derivatives market, announced today that Thomson Financial Ventures, the

venture arm of Thomson Financial, has become an investor and strategic
partner.

CAMBRIDGE, MA — Applied Genomic Technology Capital Funds
announced today that it has closed on total capital commitments of $150 million for its first
venture funds. AGTC Funds will focus on early- stage companies developing applications
of genomic discoveries, information, and technologies. Founded by NewcoGen Group and
OneLiberty Ventures, the new funds expect to leverage their partners’ expertise in new
venture creation and venture capital investing, and to tap the vast opportunities enabled by
the completion of the human genome project.

BEAVERTON, OR — Oresis Communications Inc., a developer of
carrier-class, next generation switching products for the global telecommunications
marketplace, today announced the closing of a $65 million round of venture funding,
bringing the total private capital raised to date to over $100 million.

UBS Capital Americas led Oresis’ third major round of funding. Other key investors include
Sands Brothers, Silver Creek Fund, U.S. Bancorp Piper Jaffray, NTT Leasing and
Comdisco, as well as existing investors, Bessemer Venture Partners, Lightspeed Venture
Partners, ComVentures, JAFCO America Ventures, and Blueprint Ventures.

BOSTON — Astrum Software, a leading provider of
storage resource management (SRM) software, today announced that it has closed its
second round of venture capital by securing $5.3 Million in Series A funding.

Led by JMI Equity Fund, other strategic investors include Ironside Ventures and Morgan
Keegan. Astrum plans to use the investment to aggressively expand its SRM development
efforts and strengthen sales and marketing initiatives.

ROWAYTON, CT — Canaan Partners, a national
venture capital investment firm, today announced that Andrew Firlik, MD, has joined as
Venture Associate in the firm’s Rowayton, Conn. offices. Dr. Firlik joins Canaan’s
healthcare investment team to assess and manage investments in the healthcare field.

Dr. Firlik is a physician specializing in neurological surgery. Prior to his involvement with
Canaan, he served as a consultant to Mayfield Fund and several early stage healthcare
companies. He is a co-founder and scientific advisory board member of Vertis
Neuroscience, Inc., a medical device company in Seattle. He also co-founded LaunchCyte,
LLC, a Pittsburgh-based healthcare seed-stage investor and business accelerator.

BOSTON — Salesnet, the leader in sales process
assessment and automation, announced today that it has raised $6.1 million in Series D
private equity funding. The Boston-based company’s new round of venture funding was led
by Prism Venture Partners and joined by Phoenix Investment Partners and Juniper
Ventures. The new capital will support Salesnet’s focus on increasing the sales revenue of
their customers by offering the only turnkey solution that benchmarks and identifies
problematic selling processes and codifies an organization’s best sales practices.


AUSTIN, TEXAS — Salion, provider of the industry’s first
platform for suppliers, announced that the company closed $7 million in first-round funding
this month. Austin Ventures, one of the largest venture capital firms in the country, led the
round with AV Labs and several individual investors also contributing. Salion will use the
cash infusion to build its sales and development teams as the company prepares to
launch its offering in the coming months.


INVERNESS, IL — Enable Systems, Inc., a leading
provider of web-based, business-to-business procurement systems, marketplaces and
catalog content services, announced today that it has received $22 million in of new equity
and debt capital.

The equity component of the financing was led by Saunders Karp & Megrue, a Stamford,
CT-based private equity firm. CIT Business Credit led the senior debt financing. Also
participating in the round were members of the company’s senior management team and
other private individuals.