Mark Logic Secures $12 Million in Series B Funding; Funds Targeted to Help Company Meet Surge in Customer Demand; Tom Banahan Joins Board of Directors

Business Wire, June 23, 2004

SAN MATEO, Calif. -- Mark Logic Corporation, developer of the first enterprise-class database designed for unstructured content, has closed $12 million in Series B funding. Lehman Brothers Venture Partners led the financing round, with additional financing from previous investor Sequoia Capital Partners. Tom Banahan, managing director of Lehman Brothers Venture Partners, will join Mark Logic's board of directors.

Mark Logic has developed a platform that enables businesses to quickly extract, analyze and synthesize their content with all the benefits of an enterprise-class database. Vast amounts of unstructured enterprise content is locked in formats like Microsoft Office and Adobe documents, in addition to e-mail and HTML, SGML and XML. Until now, this disparately structured, yet critical information is trapped in formats that do not easily fit in a traditional database model.

Mark Logic's flagship product, Content Interaction Server, brings order to the chaos of unstructured content, providing the platform for a new class of content-centric applications that rapidly extract and transform business-critical content elements from across the enterprise and the Internet. The result allows organizations to create value from existing content, enhance existing revenue streams, create new products and services, and streamline content workflow and business processes.

"Mark Logic has broken through the technology barriers by fundamentally redefining the way people interact with their business content, empowering them to reach deep inside documents and extract immense value," said Banahan. "With deep knowledge of enterprise search and database technology, the company is in the sweet spot of an emerging new market."

"The impact of this technology will reverberate across multiple industries," said Mark Kvamme, partner at Sequoia Capital and Mark Logic board member. "The ability to access, combine and manipulate information locked inside business content is vitally important for all industries, but particularly so for publishing, life sciences, government and financial services organizations."

The funding will be used to support the acceleration in customer adoption by supporting new accounts as well as ramp-up marketing, sales and engineering to address this surge in market demand.

About Mark Logic Corporation

Mark Logic has developed the first enterprise-class database specifically designed for disparately structured content, effectively unlocking the vast majority of enterprise information that is not easily stored in relational databases. Mark Logic Content Interaction Server was built from the ground up to enable enterprises to analyze, synthesize and enhance business content that, until now, has remained locked inside Microsoft Word documents, PDF files, E-mail, Excel spreadsheets, PowerPoint and HTML, SGML and XML documents.

Content Interaction Server provides the platform for a new class of content-centric applications that extract value from existing content in order to create new products and services, streamline business processes and enhance existing revenue streams. Mark Logic has garnered a prestigious client list that includes Cedars-Sinai Medical Center, Elsevier and the U.S. Department of Defense. The Company was founded in 2001 and is headquartered in San Mateo, California. For more information, visit www.marklogic.com or call +1-650-655-2300.

About Lehman Brothers

Lehman Brothers (NYSE:LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high- net-worth individuals worldwide. Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private equity and wealth and asset management. The Firm is headquartered in New York, London, and Tokyo and operates in a network of offices around the world. For further information about Lehman Brothers' services, products, and recruitment opportunities, visit our Web site at www.lehman.com.

About Sequoia Capital

Since 1972, Sequoia Capital has provided startup venture capital for very smart people who want to turn ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs," Sequoia Capital's Partners have worked with the entrepreneurs behind Apple Computer, Cisco Systems, Electronic Arts, Google, Network Appliance, Oracle, PayPal (eBay), Vitesse Semiconductor and Yahoo!, to name a few. The companies funded by Sequoia Capital now account for about 10 percent of the value of NASDAQ. To learn more about Sequoia Capital visit www.sequoiacap.com.