Private Equity Week Wire for Thursday 1/25

LONDON & NEW YORK –Wide Learning, Europe’s
leading supplier of e-learning solutions to the financial services industry, today announced
the completion of its second round of venture capital funding. The GPB13m (US $19.1m)
preferred equity investment led by J.P. Morgan Capital Corporation will be applied to grow
the company’s range of products and solutions and to fuel international expansion.

Reuters and GE Equity have joined a financing round whose objective was to draw in
leading global players with financial services expertise. All three investors have a proven
record of innovation in finance and e-learning and are expected to bring first hand insight
into the needs of their industries. Reuters will be represented at board meetings by Julie
Holland, Managing Director of Reuters UK and Ireland, and GE Equity by Elliot Royce,
Senior Vice President at GE Equity, who is responsible for its e-learning strategy.

SOUTH WINDSOR, CT — Gerber Scientific Inc. and
Next Generation Ventures LLC today announced the launch of a technology
start-up company called SignStorey.

SignStorey is an exciting new concept in electronic retail displays. It combines the speed,
dynamics and flexibility of the Internet with large-format flat panel screens to inform and
entertain store shoppers at the point of purchase, and influence their buying decisions.
The technology provides a colorful, innovative format offering retailers and advertisers
increased sales/profits through direct branding and message differentiation.

PALO ALTO, CA — Aduva Inc. a pioneer in network-based, automated Linux

service, today announced it had received $7.8 million in venture financing
from
The Capital Group, Cap Ventures and Evergreen Management, Ltd. in addition
to a
number of private investors.

NEW YORK — Morgan Stanley Dean Witter & Co.
(NYSE:MWD) announced today that Howard I. Hoffen, a 16-year veteran of the firm, has
been named as the Chairman and CEO of Morgan Stanley Dean Witter Private Equity. Mr.
Hoffen will succeed Alan E. Goldberg who announced earlier this month that he had
resigned to form his own investment firm.

Since its formation in 1985, Morgan Stanley Dean Witter Private Equity has invested in
excess of $6 billion of capital, primarily in controlling equity investments, buyouts, and
venture capital, through its funds Morgan Stanley Dean Witter Capital Partners, Morgan
Stanley Dean Witter Venture Partners and Morgan Stanley Global Emerging Markets. The
funds have generated more than $18 billion of realized and unrealized value for their
investors.

TOKYO — SOFTBANK CORP. today announced the
formation of a new private equity fund focused on building an infrastructure that will enable
the entire Asia-Pacific region to fully realize the benefits of the Internet. Cisco Systems, Inc.
will commit US$1.05 billion to the new SOFTBANK Asia Infrastructure Fund, which will be
invested over several years. The Fund will be dedicated to building the core infrastructure
throughout the region to energize widespread use of broadband, optical, wireless and
Internet-based services and technologies. SOFTBANK will be the general partner and
manager of the Fund.

BOSTON — Thomas H. Lee Partners, L.P. today announced that it has closed its largest private equity fund to date, the Thomas H. Lee Equity Fund V, L.P., at $6.1 billion. Thomas H. Lee Partners, L.P. is a Boston-based private equity firm focused on identifying and acquiring substantial ownership positions in growth companies. Founded in 1974, Thomas H. Lee Partners currently manages approximately $12 billion of committed capital. Notable transactions sponsored by the firm include Metris Companies, Fisher Scientific, TransWestern Publishing, Experian, Rayovac, HomeSide Lending and Snapple Beverage.

IRELAND — Raidtec Corp., the Irish based leading designer of SAN and NAS Storage Networking solutions , announced today that it has successfully completed a US$16 million financing round. The funding will allow Raidtec to fully capitalize on its significant technology lead in the Storage Networking market. Raidtec will also use the funds to further enhance its brand awareness in the marketplace, expand its sales and engineering teams and accelerate new product launches. NIB Capital, Dresdner Kleinwort Capital and Barclays Ventures were participants in the fundraising along with existing shareholders; ACT Venture Capital, Davy Nominees and Smurfit Venture Fund.

CHANTILLY, VA — Cryptek Secure Communications
LLC, a provider of military-grade computer security technology to the government and
commercial markets, announced today that it had closed a $5 million funding round. The
company will use the new investment to expand its sales and marketing associated with
the launch of its DiamondTEK(TM) line of commercial security products.

The new round of funding was led by VAL Investment Group, LLC, an affiliate of Verticality
Investment Group, LLC, and included Angelo, Gordon & Company, the original investor in
Cryptek, as well as Falconwood, an investment vehicle for Dr. Henry Jerecki, the founder of
“MovieFone,” which was sold to AOL.

OTTAWA — Cloakware Corp., the industry pioneer
in trusted software technology and applications, announced today that the company has
closed on $4.6 million in financing.

Investors in the round included several prominent Canadian venture capital, institutional
and angel investors including RT Capital, Clicking Capital Corp., Banfield Capital
and Triax Capital’s New Millennium Internet Ventures Fund.