REPEAT/Kleiner Perkins Caufield & Byers announces $100 million venture capital fund aimed at Java technology-based companies; Corporate Partners include Cisco Systems, Comcast, Compaq, IBM, Itochu, Netscape, Oracle, Sun Microsystems, TCI and US West Media Group

Business Wire, August 21, 1996

MENLO PARK, Calif.--(BUSINESS WIRE)--August 21, 1996--Venture capital firm Kleiner Perkins Caufield & Byers (KPCB) today announced the closing of the KPCB Java Fund, a $100 million venture capital fund focused on Java technology-based companies and related Internet, intranet, networking and communications companies.

The corporate partners of the fund include industry leaders in internetworking, PCs, enterprise computing, Internet software, database software, and communications. Companies include Cisco Systems, Comcast, Compaq, IBM, Itochu, Netscape, Oracle, Sun Microsystems, TCI Technology Ventures and US West Media Group.

Developed by Sun Microsystems, Inc., Java is an open platform technology that enables distributed applications, interactivity, security, and platform independence over the Internet as well as intranets. Java technology has emerged as a de facto standard for open, multi-platform, secure networked computing. Forty-seven corporations have licensed the technology, including Adobe, AT&T, Borland, Hewlett-Packard, IBM, Macromedia, Microsoft, Netscape, Novell, Oracle, Sybase and Symantec. Sun Microsystems CEO Scott McNealy estimates that one hundred million computers and other devices will be Java-enabled by the end of 1997.

The initial investments in the Java Fund are Active Software, Calico Technology, and Marimba. Active Software, founded in 1995, is a privately-held company focused on extending information systems to the Web. Specifically, the company develops a software communications system, ActiveWeb, that allows dissimilar resources such as applications, databases, and Java-enabled browsers to exchange information across corporate intranets and the Internet.

Calico Technology is a provider of interactive, enterprise configuration products that automate the configuration and quotation of build-to-order products and services. Calico's software products seamlessly integrate with Enterprise Resource Planning (ERP) systems, automating the sales process and eliminating incorrectly configured orders.

Marimba provides next-generation technologies for developing and deploying network-aware Java applications. Marimba's mission is to dramatically improve the experiences of developers and end-users by unleashing the combined power of Java and the Web. Marimba was formed in February 1996 by four key members of the original Java team, including Kim Polese, the marketing manager for Java, Arthur van Hoff and Jonathan Payne, co-architects of the HotJava browser, and Sami Shaio, creator of the Java security model and window toolkit.

The Fund will be managed by the General Partners of Kleiner Perkins Caufield & Byers: Brook Byers, Kevin Compton, John Doerr, Will Hearst, Vinod Khosla, Floyd Kvamme, Joe Lacob, Bernie Lacroute, Jim Lally, Doug Mackenzie, and Russ Siegelman.

Formed in 1972 by Eugene Kleiner and Tom Perkins, Kleiner Perkins was created with the goal of providing value added resources to entrepreneurs as well as capital investment. The Kleiner Perkins partnerships have sponsored some of America's most innovative and rapidly growing new ventures. These businesses have created 135,000 jobs, over $50 billion in revenue, and over $80 billion in market capitalization.

KPCB is a leading investor in the area of online services and the Internet, generating numerous successful ventures, including @Home, Academic Systems, Active Software, Amazon.com, America Online, Ascend, Calico Technology, Citrix, Collabra, Com21, Concentric Network, Diamond Lane Communications, Excite, Individual, Intuit, Macromedia, MNI Interactive, Netscape, OnLive, Preview Media, Shiva, SportsLine, Sun Microsystems, TEN, The Lightspan Partnership, and VeriSign. Information about KPCB is available on the World Wide Web at http://www.kpcb.com/.>

Quotes from KPCB and the Corporate Partners

415/233-3462

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