UltraDNS Corporation Completes $8 Million In First Round of Venture Financing; VantagePoint Venture Partners and New Enterprise Associates Invest in This New Emerging High Tech Company

Business Wire, March 7, 2000

Business Editors

SAN RAMON, Calif.--(BUSINESS WIRE)--March 7, 2000

UltraDNS(TM) Corporation, a privately-held, early stage company that will focus on offering highly innovative technology for scalable directory service solutions for Internet and information system infrastructures, today announced that it has completed $8 million in Series A equity financing from VantagePoint Venture Partners and New Enterprise Associates, led by VantagePoint Venture Partners.

This investment capital will support accelerating development of the Company, market introduction of its initial services offering in the Internet infrastructure management space, and rapid deployment of follow-on products and services based on the Company's innovative and proprietary technology platform.

"VantagePoint consistently seeks to invest in next-generation technology companies which can lead important markets," said Matt Ocko, Partner, VantagePoint Venture Partners. "UltraDNS Corporation, with its comprehensive platform for delivering solutions for scalable and robust directory service systems, should be a leading company in the Internet infrastructure space. As experienced hands-on investors and company builders, we're committed to helping UltraDNS Corporation achieve its tremendous potential."

"We invest in innovative, leading edge technology companies with a strong potential for growth," said Stewart Alsop, General Partner, NEA. "UltraDNS's advanced technology platform will make the Company a leading force in the Internet infrastructure market. Its highly scalable directory services solutions have the potential to revolutionize this sector of the industry."

"This equity investment represents a solid endorsement of the team and our superior technology, and the infrastructure product and service solutions we will deliver to the market based on our technology," said Steve Kalman, president, CEO, and a co-founder of UltraDNS Corporation. "Equally gratifying is that key members of the financial community recognize our accomplishments to date, have a clear understanding of our vision, targeted customers and markets, and view investment in our company as a compelling opportunity for building a company of value and long-term growth."

About the Investors

With offices in San Bruno, Calif., and Stamford, Conn., VantagePoint Venture Partners is one of the world's largest and most active early stage venture capital firms. The company provides its portfolio companies with a unique blend of venture capital, investment banking, functional business experience coupled with deep expertise in data networking, next-generation communication services, e-commerce and the Internet. VantagePoint has a strong track record of enabling its entrepreneurs and their companies to achieve more and move faster.

VantagePoint is backed by world-class institutional investors, key strategic partners such as IBM, Nortel Networks, Level 3 Communications, and JDS Uniphase Corporation and a network of Executive Partners who run over 60 of the world's leading technology companies.

New Enterprise Associates (NEA) is one of the industry's premier venture capital firms. For 21 years, NEA has practiced classic venture capital by investing in early-stage companies and working with management to nurture and build companies of real and lasting value.

NEA shares characteristics with other venture firms but differs in many ways: its size and scope, the number of successful companies it has financed, its geographic reach, the experience and expertise of its partners and its commitment to its entrepreneurs and their companies. Since inception in 1978, more than 125 NEA companies have gone public; over 85 since 1991. NEA has offices in Menlo Park, Calif., Baltimore, Md., and Reston, Va.

UltraDNS is a trademark of UltraDNS Corporation.