Digital Networks makes third investment in creator of guided navigation solutions Endeca Technologies

“First three investments by the European Digital Infrastructure Fund I demonstrate commitment to fund leading software, hardware and service communications companies”

Digital Networks, the Pan-European venture capital firm, today announced that it has invested [€x] in Endeca, a Boston (US) based company that provides database browse and navigation technology to enterprise customers. Digital Networks made the investment alongside Bessemer, Venrock and Ampersand.

Endeca allows users throughout an organization to interactively work with their company's data, solving many of the information overload problems that currently exist in large enterprises.[Any further information on what the company does?] Endeca has a strong presence in the US and will use the additional funding to support its expansion as well as to enter the European market alongside existing blue-chip customers such as Fidelity and AOL.

Steven Schlenker, Managing Partner, Digital Networks, commented:

“We are veryparticularly pleased to be the sole European venture investor invited into this funding round, alongside some of the most blue chip of U.S. venture investors, and to be entrusted with assisting Endeca to achieve its European business objectives.

Endeca allows those people who really know what they need from a company’s data – the salespeople and the customers – to decide for themselves how they want to organise that data. We are confident thisthe “guided navigation” of data that Endeca facilitates will enable Endeca to continue winning customers away from traditional OLAP and search companies.”

In December 2001, Digital Networks co-led a $9 million investment, with Vision Capital and Battery Ventures, in MoreMagic, a Finnish company providing m-commerce payment platforms to telecoms providers. MoreMagic is a leader in the developing market of content-billing systems and is OEM provider to Nokia, Comptel and Motorola. It was seeking financing to further market its products to European and North American wireless carriers.

In October 2001 Digital Networks invested [€x] €1.2 million in Asita Technologies, alongside Softbank Ventures and ETF. Asita is a leading provider of high-end hardware for secure IP communications such as virtual private networks. Asita is headquartered in Crawley (UK), with R&D facilities in Ireland and a sales office in California. The company, having developed leading products and successfully tested them with customers, raised approximately $24 million to increase its presence in Continental Europe, Asia and the US, as well as to further develop their cutting-edge technology.

Nenad Marovac, Managing Partner and founder of Digital Networks, commented:

“We are delighted to have made our third investment, in another strong company, with excellent growth potential. All our investments must meet our strict investment criteria, which is to back companies offering “must-have” products, funding for 12-18 months, and working alongside like-minded investors who have the ability to support the company now and in the future. We look forward to working with these companies and facilitating their growth and development.”

Ends

For further information please contact:

Digital Networks

Nenad Marovac nenad@dn-global.com +44 20 7986 5883

Steven Schlenker steve@dn-global.com +44 20 7986 5885

Francesco di Valmarana francesco@dn-global.com +44 20 7986 5879TBA

Notes to editors:

Digital Networks:

Digital Networks was launched last year by Nenad Marovac, former partner at Advent International, Steve Schlenker, former Director at Sun Technology Investors, Francesco di Valmarana, also of Advent International and Kjartan Rist, who have a combined 30 years of private equity investment experience. The fund undertakes early and late stage venture capital investments in hardware, software and service companies in the European communications information sector, and concentrates on the niche area between small seed investors and the larger funds, looking at investments ranging from Euro 1-10 million. The Fund held a first close at €47.5 million in June, 2001, and is anticipating a final close in mid-2002.

Asita Technologies:

Asita Technologies, a technology leader in information security for the Internet, provides a family of integrated appliances that combines the fastest IPSec-VPN, firewalling, policy routing, 3rd party security application hosting, and networking delivered over a single revolutionary platform, the Asita Security Operating System (Asita SOS™). Asita’s products are designed for service providers and large enterprise customers who seek best-of-breed security, highest speed, top performance, and true freedom and flexibility in their networks. Asita’s team

includes world-renowned engineers and passionate employees who are committed to innovation, excellence, and fanatical customer care. Asita’s main offices are in Irvine, California, and Crawley, UK.get from company

MoreMagic:

MoreMagic Software is the market leader in carrier-class cross-platform transaction solutions for mobile service providers. MoreMagic's product range enables dynamic pricing and payment of a wide variety of network services and applications over all 2G, 2.5G, and 3G networks. The company's transaction solutions extend the reach of mobile service providers from access to payment transaction management, allowing service providers to leverage added value from their existing subscriber base, billing systems and referential information such as location data. MoreMagic was founded in January 1997 in Helsinki, Finland and currently maintains operations in Helsinki and Boston. MoreMagic is headquartered in Newton, Massachusetts. More information on MoreMagic Software and its products can be found at www.moremagic.com.

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Endeca:

Endeca Guided Navigation technology can be applied across a wide-range of business and customer applications including Customer Analytics, Financial Analytics, Human Resource Analytics, catalogs, news, and information portals. Endeca solutions unlock the value in enterprise data and help businesses increase productivity, make better and faster decisions, and improve overall employee and customer satisfaction. Endeca is a privately held company headquartered in Cambridge, MA with sales offices in Boston, Chicago, Denver, New York, San Francisco, Washington DC and London and is backed by leading venture capital firms including Ampersand Ventures, Bessemer Venture Partners and Venrock Associates. For more information, please visit http://www.endeca.com or email us at info@endeca.com.

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