July, 2011

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Rob Chaplinsky

Managing Director

July 21st, 2011

BlueCat Networks Raises $16.8 Million from Leading Silicon Valley Venture Firm Trident Capital


Investment Will Help BlueCat Networks Meet Growing Global Demand for IP Address Management and IPv6 Readiness

Toronto, Canada – July 21, 2011 – BlueCat Networks, the IPAM Intelligence™ company, today announced the completion of a $16.8 million round of financing by new investor Trident Capital.

With this investment, the company will continue to develop, sell and support the market’s most innovative IP Address Management, DNS and DHCP solutions. BlueCat Networks will use the funding primarily to support the expansion of its Sales and Engineering teams and the further development of its global channel partner program. Trident Capital managing director J. Alberto Yépez joins the BlueCat Networks Board of Directors.

“BlueCat Networks has enjoyed remarkable success in the DNS, DHCP and IP Address Management market and the demand for our solutions continues to grow,” said Michael Hyatt, co-founder and CEO of BlueCat Networks. “This new funding will enable us to continue to invest in the quality people, innovation and industry partnerships that drive our achievements, while maintaining a cash reserve for future opportunities. We welcome Trident Capital as an investor and valued member of our team and thank them for supporting our vision.”

Trident Capital has an exceptional track record of building successful infrastructure software companies including: Bytemobile, Epicor (NASDAQ: EPIC), mBlox, Merchant eSolutions, Qualys, Signio (acquired by VeriSign – NASDAQ: VRSN), Sygate (acquired by Symantec – NASDAQ: SYMC), Tablus (acquired by EMC – NYSE: EMC), Thor Technologies (acquired by Oracle – NASDAQ: ORCL), and Tricipher (acquired by VMware – NYSE: VMW).

“For the past 18 years, Trident Capital has focused on investing in entrepreneurs and innovators that are setting the direction of their respective markets,” said J. Alberto Yépez, Managing Director, Trident Capital. “BlueCat Networks is a leader in the IP Address Management market with proven solutions implemented by a growing base of satisfied customers and channel partners worldwide. We believe the growth of the IPAM market is set to explode, propelled by key business and technology drivers including the proliferation of IP-enabled devices, the migration to emerging Internet technologies like IPv6, the growing need to secure network infrastructure by implementing standards like DNSSEC and the requirement for regulatory compliance. After conducting extensive due diligence, looking at all aspects of the business, we believe BlueCat Networks is well positioned to capitalize on this growing market demand.”

BlueCat Networks’ innovative IPAM solutions provide an essential technology for helping organizations address the transition to IPv6, reduce IT management costs, launch new services and manage network growth and change.

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Rob Chaplinsky

Managing Director

July 21st, 2011

IMVU Named to AlwaysOn Global 250 for 2011


Company Also Promotes Jenny Rutherford to VP of Marketing

MOUNTAIN VIEW, CA — July 20, 2011 — IMVU, an online social entertainment destination where members use 3D avatars to meet new people, chat, create and play games with their friends, today announced that IMVU has been recognized as an AlwaysOn Global 250 Top Private Company for 2011. IMVU is also proud to announce the promotion of Jenny Rutherford to vice president of marketing.

“This year’s AlwaysOn Global 250 are companies driven by the biggest mega-trends,” said Tony Perkins, founder and editor of AlwaysOn. “This year’s winners clearly represent some of the highest-growth opportunities we’ve seen in the private company marketplace in the history of the global Silicon Valley.”

“We’re honored to be named with other great consumer technology brands, including Facebook, Zynga, Twitter and Yelp,” said Cary Rosenzweig, CEO at IMVU, Inc. “We’re counting on Jenny to continue strengthening user acquisition and to expanding our global brand. She has terrific marketing experience and skills.”

Jenny recently joined IMVU as head of strategic marketing before being promoted to vice president of marketing. Previously, she served as vice president of marketing at Oodle, the company that built and powers Facebook Marketplace. Prior to her role at Oodle, Jenny served in senior marketing and product management roles at Nuance Communications and Intuit. She also worked in brand management at The Walt Disney Company and in consulting at McKinsey & Company. Jenny received her B.A. in organizational behavior at the University of California at Berkeley Haas School of Business

“I’m thrilled to help take IMVU to the next level,” said Jenny Rutherford, vice president of marketing at IMVU, Inc. “Almost 70% of IMVU users are female, and I love that behind the company’s world-class 3D avatars, IMVU is really about helping people create new friendships.”

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Rob Chaplinsky

Managing Director

July 21st, 2011

BlueCat Networks Secures Fresh Funding to Conquer New IP World Order

For Toronto’s BlueCat Networks, the future is now.

With the Internet itself on the verge of one of the largest fundamental transitions in its young history, the Toronto-based technology company has announced it is taking on a new round of venture capital financing to help it make the most of the changeover from IPv4 to IPv6 addresses.

On Thursday, BlueCat co-founder and chief executive Michael Hyatt announced the company has signed a deal for a $16.8-million venture capital round from Silicon Valley’s Trident Capital.

“We’re now almost officially an IP-dependent world, where all our phones, medical devices and everything in our homes are connected, and making sure that connectivity is there and that that IP address is delivered is a must,” Mr. Hyatt said in an interview.

For BlueCat, the fresh infusion of capital, combined with the $11-million the company secured from Bridgescale Partners in 2009, brings the company’s lifetime venture capital financing to nearly $28-million.

“We saw the need for managing IP at a higher level with great visibility and controls being a must have for all business institutions and governments,” said Alberto Yepez, managing director of Trident Capital.

“When we looked at the market and who were the leaders in the marketplace, that’s how we came to learn about [BlueCat]. The fact that they are in Toronto, Canada is also a plus because there’s a lot of special technology coming out of Canada with great schools like Waterloo and others that have great potential.”

BlueCat’s technology helps companies manage the IP addresses that must be assigned to every device on a corporate network, be it a computer, a smartphone or tablet.

While most users are familiar with the alphanumeric Web addresses that end with a .com, .ca or .edu, many users don’t realize that every device connected to the Internet has its own unique Internet protocol, or IP, address.

An IP address is a unique digital identifier for a connected device, kind of like a phone number; just as it’s impossible to make a call without a phone number, without an IP address, a computer can’t connect to the Internet.

IPv4 addresses consist of four numbers separated by dots, while IPv6 addresses have 16 numbers with dots in between, which exponentially increases the number of available addresses.

Currently, the Internet is going through a transition period, shifting from IPv4 addresses to IPv6 addresses. Essentially, the Internet has run out of IPv4 addresses, and so the entire Web is changing over to the IPv6 standard.

BlueCat’s technology not only helps companies manage the much larger IPv6 numbers, but also helps companies transition from the IPv4 standard to the IPv6 standard.

By taking on additional funding, BlueCat is hoping to rapidly grow the business and maximize its footprint at a critical time in the evolution of the Internet.

avatar

Rob Chaplinsky

Managing Director

July 20th, 2011

IMVU Named to AlwaysOn Global 250 for 2011

Company Also Promotes Jenny Rutherford to VP of Marketing


MOUNTAIN VIEW, CA — July 20, 2011 — IMVU, an online social entertainment destination where members use 3D avatars to meet new people, chat, create and play games with their friends, today announced that IMVU has been recognized as an AlwaysOn Global 250 Top Private Company for 2011. IMVU is also proud to announce the promotion of Jenny Rutherford to vice president of marketing.

“This year’s AlwaysOn Global 250 are companies driven by the biggest mega-trends,” said Tony Perkins, founder and editor of AlwaysOn. “This year’s winners clearly represent some of the highest-growth opportunities we’ve seen in the private company marketplace in the history of the global Silicon Valley.”

“We’re honored to be named with other great consumer technology brands, including Facebook, Zynga, Twitter and Yelp,” said Cary Rosenzweig, CEO at IMVU, Inc. “We’re counting on Jenny to continue strengthening user acquisition and to expanding our global brand. She has terrific marketing experience and skills.”

Jenny recently joined IMVU as head of strategic marketing before being promoted to vice president of marketing. Previously, she served as vice president of marketing at Oodle, the company that built and powers Facebook Marketplace. Prior to her role at Oodle, Jenny served in senior marketing and product management roles at Nuance Communications and Intuit. She also worked in brand management at The Walt Disney Company and in consulting at McKinsey & Company. Jenny received her B.A. in organizational behavior at the University of California at Berkeley Haas School of Business

“I’m thrilled to help take IMVU to the next level,” said Jenny Rutherford, vice president of marketing at IMVU, Inc. “Almost 70% of IMVU users are female, and I love that behind the company’s world-class 3D avatars, IMVU is really about helping people create new friendships.”

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