Private Equity Week Wire for Monday 4/9

PRINCETON, NJ — Qusion Technologies, an optical component manufacturer aiming at monolithic integration of all optical components on a
single chip, announced today that it had closed its first round of venture capital funding.
The $9.25 million raised in this first round will enable Qusion to accelerate development and production of its integrated components fabricated using Indium Phosphide and other
advanced manufacturing techniques and materials.
Among Qusion’s investors are VantagePoint Venture Partners, independent investor Cathy Lego, Wasserstein Ventures and WR Hambrecht + Co. VantagePoint led Qusion’s seed
round. Joining Qusion’s board of directors are John Kain of VantagePoint and George Lauro of Wasserstein.

PARIS, FRANCE — Innovacom, France Telecom’s venture capital subsidiary,
has announced plans to open offices in Stockholm and Tokyo. Specialized in
telecom-related technology start-ups, Innovacom has until now focused its activities on
France and California, where it opened an office in San Francisco in 1996.

ASHBURN, — ReturnBuy Inc., the innovation leader in
returns services, announced today that it has closed a $15 million second round of funding
led by Draper Fisher Jurvetson ePlanet Ventures (“DFJ ePlanet”).

Several prominent companies made strategic minority investments including eBay
(NASD:EBAY), Reicon, and Abacus, the fund associated with the Sears Roebuck family.
ReturnBuy benefits retailers, distributors and manufacturers by reducing processing costs
and significantly increasing resale revenue on the growing volume of returned
merchandise. The company uses channels such as eBay to auction returned goods to
consumers.

FAIRFAX, VA — NextGen Capital, L.L.C., a leading early
stage venture capital firm in the mid-Atlantic region, announced that Jeffrey S. Lombardi
has joined the venture fund as managing director.

Lombardi will focus his attention on selecting early stage technology companies for
investments and working with portfolio companies.

Lombardi comes to NextGen Capital from Deutsche Banc Alex.Brown where he served as
an investment advisor to early stage technology companies in the mid-Atlantic region. In
this position, he was responsible for establishing areas of expertise in the
telecommunications and software industries while helping companies develop their
technology and raise private equity capital.

KANSAS CITY — Raviant Networks, provider of comprehensive
software solutions and professional services to the telecommunications industry,
announced today that it has received a $12-million capital injection from an investor group
led by Apollo Management LP and Crest Communications Holdings LLC.

This second round of funding comes on the heels of Raviant’s recent announcement to
license its Preform DE application development framework to Cisco Systems, and it
underscores the commitment of the investors.

CAMPBELL, CA — Virtio, the creator of Internet virtual
prototyping platforms, today announced that it has received $2 million in funding from
Mofet, an Israeli-based venture capital fund. The additional funds bring the second round
financing for the company to a total of $8 million (see related press release, “Virtio
Corporation Receives $6 Million in Latest Round of Financing,” dated February 20, 2001).
The funds obtained in the financing will be used to further the company’s overall corporate
growth as well as facilitate ongoing research and development efforts.

BILLERICA, MA — THINQ Learning Solutions, a
leading provider of enterprise wide corporate learning solutions, announced today it has
received $20 million in financing in its fourth round of equity investment led by two
prestigious venture capital firms, CIBC Capital Partners and Mellon Ventures. Despite the
economic climate, investors funded this round because of their continued confidence in
THINQ’s seasoned management team, their business model, and continued success in
winning new customers. In addition, investors point to THINQ’s product and services
leadership, the company’s global vision, and a proven merger and acquisition growth
strategy as key to THINQ’s staying power in a difficult market. THINQ will use the money for
operations, product development and acquisitions.

LOS ANGELES — JAMDAT Mobile, a leading provider of
middleware technologies for the creation, distribution and monitoring of mobile
entertainment applications, today announced a $10 million second round of financing led
by Patricof & Co. Ventures. Intel Communications Fund and QUALCOMM Incorporated
(Nasdaq:QCOM) also participated in the round.

MENLO PARK, CA — Nokia Venture Partners, a
premiere global venture capital firm focused on early stage mobile Internet investments,
today announced that John Zeisler, 48, has joined as general partner.

Zeisler brings more than 25 years of management and investing experience to Nokia
Venture Partners. As a Silicon Valley industry veteran, John has played key consulting,
management and operational roles at leading technology companies including Apple
Computer, Claris Corporation, InfoSeek, Netcom Online Communications, Pensoft, and
Placeware. Zeisler becomes Nokia Venture Partners’ sixth partner and will be based at the
firm’s headquarters in Menlo Park, California.

ANDOVER, MA — Kada Systems, a leading provider of solutions that enable Java(R)
applications for mobile e-business, today announced the launch of the company
and the Kada Mobile Platform for Java(TM) (Kada Mobile(TM)). Kada Mobile is
the industry’s smallest, fastest, most complete and easily ported Java
application platform for mobile devices (see today’s related product
announcement). With an initial $5 million investment by Chicago-based JK&B
Capital, and a revolutionary technology for deploying and running “always
available” e-business applications on any mobile device, Kada executives
believe the company is strongly positioned to capitalize on the burgeoning
mobile applications marketplace.

REDMOND, WA — WildTangent announced today they closed out
their third round of financing after having raised $34 million. This round was led by Sony
Pictures Digital Entertainment and Accenture Technology Ventures with ATI, New
York-based Millennium Technology Ventures, Washington Mutual and International Data
Group (IDG) Ventures also becoming new investors. Return investors include Madrona
Venture Group LLC and Greylock, both participants that increased their stake in the
company.

This newest round of financing will allow WildTangent to accelerate its product and
technologies development, continuing to reign as the leading, interactive media platform,
as well as expand its operational capability. WildTangent closed its first round of funding
for $2 million in February 1999 and its second round of $15 million in March 2000, bringing
the total monies raised to $51 million.