Private Equity Week Wire for Monday 4/23

SUNNYVALE, CA — AAMA, one of the oldest and largest business networking associations linking the Silicon Valley and Asia, announces the
election of Ken Hausman to its Board of Directors.
Hausman joins a diverse board of 12 members, a group of successful technology entrepreneurs that are collectively a microcosm of Silicon Valley with heritage from across Asia.
Hausman is Managing Director of Osprey Ventures, a venture capital firm focusing on early-stage and expansion-stage technology companies, and President of The Churchill Club, one of
the Silicon Valley’s premier non-partisan forums for the exchange of information relating to technology, entrepreneurship and business. Hausman’s participation will facilitate future
cooperation between AAMA and The Churchill Club.

SANTA CLARA, CA — Atrica Inc., poised to be the leading provider of Optical Ethernet equipment for the $15 billion Metro networking market,
today announced that it has received an investment from BellSouth Corp. (NYSE:BLS), one of the leading communications service providers in the United States, serving more than 44
million customers in the United States and 16 other countries. In addition, Douglas A. Bulleit, chief strategist at BellSouth, will join Atrica’s advisory board.

NEW YORK — Searchspace
today announced that it has received a $13 million investment from two groups
in Europe to further company expansion. HSBC Private Equity invested
$7 million and Friends Ivory & Sime Private Equity provided $6 million.
Searchspace takes artificial intelligence to the heart of modern business
with its Intelligent Enterprise Framework.

BOSTON & SAN MATEO, CA — Greylock, a leading early-stage venture capital firm with more than $2.2 billion in committed capital under
management, today announced it has closed its eleventh fund, Greylock XI Limited Partnership, capped at $1 billion.
Investors in Greylock XI include all existing Greylock limited partners, many of whom have invested with the firm since its inception in 1965, along with a small group of prestigious
foundations and universities who are new to the Greylock family, and a select group of executives and other leaders in the technology industry. Greylock XI will fuel the firm’s continuing
early-stage investment in enterprise information technology and communications technology sectors.
Greylock, with offices in Boston and San Mateo, has led investments in such companies as Red Hat, Phone.com (now Open Wave), DoubleClick, Tellabs, Checkfree, Internet Security
Systems and Ascend Communications. Over the past 36 years Greylock has provided equity capital and support to more than 250 developing companies, many of which have gone on to
become leaders in their respective industries. Greylock has sponsored more companies to successful public offerings than any other early-stage venture firm, with over 160 in total, and has
been the lead or co-lead investor in almost all of these companies. Greylock-backed firms also have led to more than 80 successful acquisitions.

ATLANTA — Digiquant (formerly Belle
Systems), a global provider of multi-service management solutions for advanced networks,
today announced that the company has secured $20 million in additional equity funding.
General Atlantic Partners, LLC, an existing investor in the company, led the financing round
with participation by existing Digiquant equity investors Index Ventures, Vertex
Management, and Cisco Systems.

The additional funds will be used for increased market penetration, continuing the
company’s global expansion begun in 2000, as well as to propel the development and
deployment of the company’s Internet Management System (IMS) solution into the rapidly
expanding market for IP-based services. Digiquant’s IMS is a multi-service platform that
enhances communication and network service providers’ ability to quickly deploy, manage,
and bill for innovative services.

MONTREAL — Innovatech Grand Montreal high-tech VC has committed to a
$1.0 million investment in URRMA Biopharma, a company that develops and markets
innovative products for the diagnosis and treatment of HIV infection. This investment is part
of a $4.3 million round of financing that also involves other financial partners.

DENVER — iSherpa Capital, a
seed-stage, full-service venture capital firm focused exclusively on wireless and
supporting technologies, today announced it has made a new investment in Denver-based
Digital Reliance. iSherpa Capital co-invested in Digital Reliance with Megunticook
Management, a venture capital investor located in Boston.

VANCOUVER, WA — New Edge Networks, the largest national broadband access provider primarily
focused on small and mid-size cities, says it has raised $77.5 million in private equity and debt financing to fully fund its existing business operations.
New Edge Networks received $40 million in private equity from its current investors and $37.5 million in senior secured credit facilitiesM from a new
lender. New Edge Networks will use the proceeds to complete its existing broadband network build-out and to generate additional revenue from the
sale of its broadband services, including high-speed Internet access and wide area network services.
The private equity investors in New Edge Networks’ fourth round of funding include GS Capital Partners III, L.P. and related investment
partnerships of Goldman, Sachs & Co.; Crosspoint Venture Partners; Greylock, and; Accel Partners. First Union National Bank, a new financial
partner for New Edge Networks, is providing a term loan and revolving credit facility.

PORTLAND, OR — Mobilian
Corporation, a wireless systems company that designs and develops integrated circuits
and software, today announced the successful completion of a new round of private
funding totaling $35 million. Since its founding in February 1999, Mobilian has raised over
$60 million in funding, enabling it to support rapid growth and accelerate the development
and deployment of its multi-standard wireless networking products.

JAFCO America Ventures co-led the round with Dell Ventures, with significant investments
from Vitesse Ventures and Silicon Valley Bank Ventures. Additional equity was raised from
current investors including Raza Venture Management, Bessemer Venture Partners, SBV
Ventures, Euro-America Fund, and Siparex Group.

SILICON VALLEY — VenturePath Inc., a Silicon Valley venture management firm, is in the final
stages of raising three major funds in collaboration with the Korean
government and several private investors. Clearly focused on Pacific Rim
entrepreneurial and investment opportunities, VenturePath has received firm
commitments on two of the pending funds and formal word on the third is
imminent. When finalized, these funds will total close to $300 million.




AUSTIN, TEXAS — Wintegra Inc., a fabless semiconductor company targeting the access
infrastructure market, announced that Texas Instruments Incorporated (TI) has
joined three existing investment partners to contribute to an additional $11
million investment fund.

This second round of funding brings the total investment to $16 million to
date.

The three existing investors include the venture capital companies Concord
Ventures and Magnum Communications out of Israel, along with Marvell/Galileo
Technology, a semiconductor company based in San Jose, Calif.

TI and Wintegra are working together on converged network solutions in the
access infrastructure market.

BOSTON — John Adams, long-standing head of the
Boston-based investment bank Adams, Harkness & Hill and its board of directors today
announced, that it has named Timothy J. McMahon, currently managing director and
co-head of investment banking, as the firm’s new president and chief executive officer.

In his new role, McMahon will manage the day-to-day operation of the firm, allowing Adams
more time to build its asset management practice, promote the firm to new and existing
clients and work to expand the firm’s reach in overseas financial markets.

Allyn C. Woodward Jr., who has served as president for the past six years, has been
named Adams, Harkness & Hill’s vice-chairman. Woodward, with his extensive
commercial banking experience focused primarily on the technology, healthcare and
venture capital industries, has also been named president of the firm’s new private equity
division. In addition to these new responsibilities, Woodward will continue to oversee most
of the firm’s administrative functions, including marketing, human resources and real
estate.

ROCKVILLE, MD
B2eMarkets, Inc., provider of the first end-to-end, Web-enabled strategic
eSourcing solution, today announced it has secured $38 million in funding led
by CIBC Capital Partners. Other investors include Accenture Technology
Ventures, FBR Technology Venture Partners, Syncom (Syndicated Communications),
Cathage Partners, and Ascend Venture Group.