Private Equity Week Wire for Monday 4/2

SAN FRANCISCO — Chevron Technology Ventures LLC (CTV) today
announced it has launched CTV II, a $100 million capital fund to invest in early to mid-stage
companies and in limited partnership funds. Investments from CTV II will center on companies
developing technologies that enable interaction of physical devices and information networks.
Investments will focus on those companies whose technology has potential to improve Chevron’s
core business performance or create opportunities for growth. Investment areas may include
human digital interface, sensor networks and micro devices.

CHICAGO Divine Inc., (Nasdaq: DVIN) announced today that it
acquired certain assets from marchFIRST, Inc. (Nasdaq: MRCH), including its Central Region
business unit, outstanding receivables and certain regional operations. divine also agreed to
purchase marchFIRST’s SAP implementation practice, its HostOne application hosting unit,
and other strategically important assets in a separate deal subject to regulatory approval. The
operations being acquired are primarily those of the former Whittman-Hart, Inc., a leading
Chicago-based provider of enterprise e-business solutions. divine will establish a new wholly
owned subsidiary comprising the acquired operations, which will be named
divine/Whittman-Hart and will provide a range of enterprise technology, hosting, e-business
strategy and brand- building services that deepen divine’s enterprise interaction management
solutions.

TORONTO — VentureLink Capital Corp. today announced that its first public
offering, VentureLink Fund, has raised more than $40 million during the 2001 RRSP
season. These funds are to be invested primarily in early stage Canadian technology
companies. The new labour sponsored fund is the venture investment arm of VentureLink
Capital Corp., an online venture capital network for early stage Canadian technology,
internet, broadband, telecommunication and biotechnology companies seeking funding
from both Canada and the United States.

In addition, effective March 31, 2001, the Fund’s parent company has changed its name
from 360 Capital Corp. to VentureLink Capital Corp.

PALO ALTO, CA — LaunchPower today formally introduced a new business accelerator focused
squarely on helping early stage telecommunications, wireless and
infrastructure companies raise venture financing and more rapidly get products
and services to market. Since opening its doors in March 2000, LaunchPower has
worked with eight promising startups and helped three companies raise nearly
$15 million in financing from leading venture capital firms. LaunchPower also
announced today that it has received Series A financing from Altos Ventures, a
leading Silicon Valley VC firm.

ROCKLEDGE, FL — e-Security, Inc., the leading provider of real-time security monitoring and
management solutions, today announced it has concluded its $20 million Series
A round of equity financing, capped by a $7 million investment from San
Francisco-based FTVentures. The FTVentures financing follows a $13 million
round of initial funding announced in January, led by Fidelity Ventures, the
venture capital arm of Fidelity Investments, and Updata Ventures.
Knickerbocker LLC and individual investors also participated in the Series A
funding. Proceeds will be used for working capital purposes to support product
development and sales and marketing infrastructure growth.


LEXINGTON, MA — Chinook Communications, Inc. today announced the completion of a $17 million
round of financing by top-tier investors.

Chinook is an emerging, rapidly growing high-technology startup bringing
broadband industry veterans and entrepreneurs together with key scientists in
communications systems research from the Massachusetts Institute of Technology
(MIT). The company is privately held and is led by a proven management team of
cable and networking executives (see related press release). Chinook has
received approximately $17 million of financing led by the following
investors: OneLiberty Ventures, WaldenVC, BancBoston Ventures, Highland
Capital Partners, and YankeeTek Ventures.

CAMBRIDGE, MA — Cambridge Incubator announced today that it
has closed a $6 million round of new financing from Draper Fisher Jurvetson, the Boston
Consulting Group, Gravestar, United Gulf Investments, and Global Technology Holdings.
The company focuses on early seed investing.

Cambridge Incubator also announced it has renamed itself Cambridge Innovations.

ARLINGTON, VA — Friedman, Billings, Ramsey Group, Inc. (NYSE:
FBR) today announced the restructuring of its technology venture capital efforts in
Washington, D.C., Northern Virginia, and suburban Maryland by naming Philip J. Facchina,
FBR’s Senior Managing Director of Technology and Growth Capital Markets, to lead two of
the company’s technology venture funds. He will also continue to head the company’s
technology investment banking group. FBR also said that it has accepted the resignations of Gene Riechers and Hooks Johnston
from their positions at FBR TVP and FBR TVP II.

DENVER — eSniff, Inc., developer of unique plug-and-play
hardware designed to end the problem of computer network abuse, today announced that
it has raised in excess of $3.5 million in equity financing. The financing, led by Sequel
Venture Partners of Boulder, Colo., will be used to support the sales, marketing and
development of the company’s patent-pending device for content monitoring and network
abuse management.

WAYLAND, MA — Knowledge Impact, a leading
provider of e-learning and performance support solutions, today announced the
completion of $24 million in private equity financing managed by Merrill Lynch. The
mezzanine round of financing was led by Tudor Ventures Group, part of Tudor Investment
Corporation, and supported by additional investments from Boston Millennia Partners,
Arcadia Management Partners and Ironside Ventures.

BOWMAN, CO — Pacific Broadband Communications (PBC), a developer of standards-based
broadband solutions for delivering integrated data, telephony, and video over
last mile networks, has secured $50 million in Series B funding from leading
broadband and financial companies.

The funding, which will be used for continued product development and
company growth, further demonstrates strong industry support for Pacific
Broadband Communications.

Silicon Valley investment firm, Bowman Capital, led the Series B round. The
dynamic list of Series B investors also includes cable leader Cox
Communications (NYSE: COX), the nation’s fifth largest cable operator; IP
networking leader Juniper Networks, Inc. (NASDAQ: JNPR); leading broadband
supplier Scientific-Atlanta (NYSE: SFA); Vulcan Ventures, Inc., a significant
shareholder of Charter Communications (NASDAQ: CHTR), the fourth largest cable
operator, and RCN Corp. (NASDAQ: RCNC); and financial companies Pilot House
Ventures LLC, Raza Foundries and YAS Broadband Ventures, LLC.

LONDON — Baring Private Equity Partners (BPEP)
today announced the appointment of Gail Guerin as Senior Partner
responsible for Marketing. She joins from Hamilton Lane Advisors,
Pennsylvania, where she was a Managing Director. Gail will report to
Christopher Brotchie, Chief Executive Officer of BPEP, and will
divide her time between London and the U.S.

SUNNYVALE, CA — Metrika Inc., a leading developer of
point-of-care monitoring devices, today announced the successful completion of a $26
million, fully subscribed, mezzanine round of financing. Oak Hill Capital Partners, L.P., led
this round, with additional funding from Sutter Hill Ventures.

The funding will be used to scale up production and to market and sell Metrika’s
A1cNOW(TM) (previously known as DRx(R) HbA1c), the first single-use, pager-sized
quantitative testing device for hemoglobin A1c, a measure of long-term glucose control for
people with diabetes. In addition, the proceeds will finance the development and future
commercialization of Metrika’s single-use quantitative tests to measure microalbumin and
cholesterol.

SAN FRANCISCO — Walden International, a leading
global venture capital firm, today announced the final closing of its most recent fund,
Pacven Walden Ventures V, L.P. (Pacven V) and parallel funds. Operating as a single entity
under Pacven V, these new funds will provide seed and start-up capital for promising
high-growth technology enterprises located primarily in Asia and the United States. Pacven
V will target the communications, software, Internet, semiconductors, electronics,
implementation services and life sciences sectors.

This announcement follows Walden International’s successful year in 2000, with more
than 20 portfolio companies completing IPOs or acquisitions, including Centillium,
iAsiaWorks, Accelerated Networks, EndWave, MediaRing, Promatory, SINA.com, Sonoma
Systems, WebEx, Tsqware and Transmeta.

AUSTIN, TEXAS– ClearCube Technology, Inc., the
evolution of the managed desktop, today announced the close of $20 million in
Series C funding. New investors in this third round of funding include TVM
(Techno Venture Management), who also led the round, as well as SAIC Venture
Capital Corporation, the venture investment arm of SAIC (Science Applications
International Corporation), which has become a new strategic teammate.
Returning investors included Austin Ventures, Sternhill Partners and Acer.
These funds will be used to expand product development, increase sales and
marketing efforts, and for general business purposes.

CHICAGO — Telenisus Corp., a managed Internet
infrastructure provider, has completed its third round (Series C) of private
institutional funding, raising $45 million from 10 firms, including six new
investors.

J. & W. Seligman led the funding round and was joined by Fort Washington, A.G. Edwards
Capital, Sterling Mezzanine Partners LLC, Fenegan Finance Inc. and a strategic partner,
Articon-Integralis AG. Second round investors Alta Communications, Bay Partners, ABN
AMRO Private Equity and BancBoston Ventures also invested in this new round. Credit
Suisse First Boston Technology Group led fundraising efforts as Telenisus’ investment
advisor.

HELSINKI — Rissa Solutions Oyj, a developer of electronic customer service software with
strong ERP back office systems integration and professional mobile clients, completed its
second financing round securing 2,7 million euros in new investments. The investors were
Vanenburg Group and Eqvitec Partners.

Rissa Solutions develops mZipper software products, which provide sales and customer
service functions to medium size and large manufacturing industry, wholesale,
telecommunications and healthcare organisations. Unique mZipper features include
strong integration to various back office systems (ERP, PDM, CRM) and professional
mobile user interfaces (PalmOS, PocketPC, WAP).