To: xcr600 who wrote (141 ) 4/15/1999 5:31:00 PM From: xcr600 Read Replies (1) | Respond to of 737
Rampnetworks. LEADING INTERNET ACCESS COMPANY RAMP NETWORKS SECURES $15.9 MILLION IN FINANCING Latest Round Of Funding Brings Total Investment To Over $36 Million SANTA CLARA, Calif., January 22, 1997 -- Ramp Networks, Inc., a leading provider of easy to use, fast Internet access devices, today announced that it has raised $15 .9 million in Series D venture capital financing which will be issued as Convertible Preferred Stock. Berkeley International Capital Corporation (BICC) arranged the lead investment in this fourth round of funding. Based in San Francisco, Berkeley International Capital specializes in private placement investments in growing technology and medical companies. For the past 20 years BICC has a strong track record of investing in profitable companies in rapidly expanding markets. Companies funded by Berkeley include America Online (NYSE: AOL), Oracle Corporation (NASDAQ: ORCL), 3Com Corporation (NASDAQ: COMS), Acuson (NYSE: ACN), Cypress Semiconductor (NYSE: CY) and Adaptec (NASDAQ: ADPT). "We invested in Ramp Networks because they're the only company that has delivered a fast Internet access device designed specifically for the small office market," said Alan Foster of BICC. "Other companies have realized that this is an explosive category and have adapted high end products to try to cater to this market. It's like trying to fit a square peg in a round hole. Ramp is the only company we've seen that is selling products now that perfectly meet the needs of this market." Additional investors include Charter Growth Capital, Arete Ventures and current Ramp Networks investors. The completion of this fourth round of funding brings the total investment in the company to $36 million. "Our ability to acquire strong venture and corporate funding is based on our investors' confidence both in our products and in our marketing approach in penetrating this high growth market," said Mahesh Veerina, president and founder of Ramp Networks. "We share the belief, along with companies like Microsoft, Cisco and 3Com, that the small and medium-size business market will experience explosive growth in 1998. Small and medium size business consumers want easy-to-use, affordable products that help them leverage the power of the Web to increase their productivity and competitive advantage. Our WebRamp products do that better than anything else on the market." Charter Growth Capital, a $90 million fund, was founded in 1997 to provide venture capital for expansion stage information technology companies. The firm has strong ties to business partners in Asia. Arete Ventures, a $100 million dollar venture fund backed by thirteen US and European electric utility companies, focuses on investments in emerging networking and communications companies. About Ramp Networks Founded in 1993, Ramp Networks, Inc. offers a family of easy-to-use, fast Internet access devices for growing small businesses. The Ramp product line includes the pioneering WebRamp M3, the industry's first analog router, and the WebRamp M3t, the first product to combine both Internet and remote access in one affordable device. Ramp Networks' award-winning WebRamp products are designed to meet the low cost and ease of use requirements of the more than 75 million small businesses and branch offices worldwide that are planning to leverage the Internet as a strategic business tool. Ramp Networks distributes its products in the U.S. through national distributors including Ingram Micro (NYSE: IM) and Tech Data (NASDAQ: TECD), and through more than 1000 value-added resellers (VARs) and internet service providers (ISPs). WebRamp products are distributed in Asia and Europe by a network of master resellers and distributors. Compaq Computer (NASDAQ: CPQ) has made an equity investment in Ramp Networks and is engaged in ongoing product development with the company. Headquartered in Santa Clara, Calif., Ramp Networks is privately held and backed by more than $36 million in corporate and venture capital funding. For more information about Ramp Networks and the WebRamp family of products, contact the company at 408/988-5353; by fax at 408/988-6363; or via e-mail at info@rampnet.com.