CyberMedia accepts strategic investment from Kleiner, Perkins, Caufield & Byers

Business Wire, July 23, 1996

SANTA MONICA, Calif.--(BUSINESS WIRE)--July 23, 1996--CyberMedia, maker of the best-selling Microsoft Windows software product, First Aid 95, Tuesday announced the completion of a $5 million private equity offering led by Kleiner, Perkins, Caufield & Byers and including other existing investors.

The investment will give the company additional resources to fuel their rapid growth.

"The investment by Kleiner, Perkins validates our strategy to use the Internet to provide automated service and support for personal computer users," said Unni Warrier, president and CEO of CyberMedia. "Kleiner, Perkins has had great success with Internet technology companies such as Netscape. This relationship with them will help CyberMedia grow even faster."

According to PC Data's most recently published report, CyberMedia's First Aid 95 is among the nation's top five best-selling retail software products, with over 1 million copies sold. First Aid 95 is the first software product designed to automatically fix Microsoft Windows 3.1 and 95 software configuration problems to protect against general protection faults, software conflicts and optimize PC performance.

CyberMedia has made a commitment to leverage the Internet as a key component of its business strategy. First Aid 95 Deluxe is designed to update itself automatically over the Internet. CyberMedia's newest product, Oil Change, automatically updates all PC software applications via the Internet to obtain the latest updates, drivers and patches. Oil Change beta 2.0 is now available the retail version will ship in September 1996.

Current Investors

Inside investors who participated in this round of funding include the San Francisco Bay Area-based venture capital firms Nazem & Company, New Enterprise Associates, Draper-Fisher Associates, Thorner Ventures and Dr. Suhas Patil, founder and chairman of Cirrus Logic.

About CyberMedia

CyberMedia develops and markets self-help products and services that provide automatic service and support to personal computer users. Founded in 1991, CyberMedia is privately held with company headquarters at: 3000 Ocean Park Blvd., Suite 2001, Santa Monica, Calif. Phone: 310/581-4700.

To order, call 800/PC-1ST-AID (800/721-7824) or visit the CyberMedia Web site and select "Buy First Aid." For additional information on CyberMedia products, visit the CyberMedia Web site at http://www.cybermedia.com, America Online forum (keyword: CYBERMEDIA) or CompuServe forum (GO CYBERMEDIA).

CONTACT: CyberMedia, Santa Monica

Jeffrey Beaumont, 310/581-4700