Focus Ventures Leads $25 Million Investment Round in ClearCube TechnologyAs PC Market Refresh Accelerates, Investors Seek To Capitalize on High Growth PC Blade Market of $13 Billion by 2008 Austin, Texas - August 16, 2004 -- ClearCube Technology, the global market leader and pioneer in PC Blade solutions, today announced that it secured an additional $25 million in funding. The round was led by Focus Ventures, a premier expansion stage venture capital firm, and joined by previous investors including Paladin Capital Group, Liberty Mutual, Austin Ventures, Government of Singapore, Techno Venture Management, Sternhill Partners, and Wall Street Technology Partners (a division of Dresdner Kleinwort ). As ClearCube continues to expand worldwide, the additional funding will primarily be used to expand sales, marketing and product development. "It is long past time to move from the unreliable and unsecure traditional PC platforms which seem forever locked in the technology world of the 80s and 90s. As the refresh market for PCs accelerates, companies are looking for innovative solutions to solve their business needs," said Rob Enderle, President of the Enderle Group. "PC Blades better represent the thinking of this century and are the best fit for companies who won't settle for historically inadequate security, reliability and manageability." The ClearCube solution takes the traditional bulky PC box off the end user's desk and replaces it with a small device (user port) that is connected via the existing cable infrastructure to dense PC Blades located in a central, secure location. By centralizing the PC computing assets, ClearCube delivers dramatic improvements in security, efficiency, and cost-effectiveness. The user ports connect to peripheral devices, but can be restricted so that mass storage devices like diskettes and disk-on-key, which can compromise enterprise data security, can not be used to download data. "Bloomberg LP has begun testing ClearCube technology internally with our industry-leading 24 hour global customer support team, and we're very impressed by what we've seen so far," said Lex Fenwick, Chief Executive Officer of Bloomberg LP. "Bloomberg delivers real-time customer service 24/7 around the world. We are excited by the prospect of adding ClearCube's high speed ergonomic computing solution to further promote the superior level of customer service that Bloomberg users value." The ClearCube solution has been installed by hundreds of customers worldwide in a variety of different markets including financial services, healthcare, education, manufacturing, and government. ClearCube's customers include six of the 10 largest Wall Street firms and Bloomberg LP; large hospitals like Medical Center of Central Georgia and Oklahoma Heart; and government organizations like the US Air Force, Department of Homeland Security, Department of Justice, and Department of State. Additionally, ClearCube has developed business partnerships and worldwide reseller agreements with IBM Global Services, Hitachi, GTSI, and SAIC. "As an expansion stage investor, we identify and invest in emerging market leaders with a proven product and a loyal base of paying customers," said Jim Boettcher, general partner at Focus Ventures. "Burdened by the costs of maintaining and securing standalone PCs, IT managers are looking for a cost-effective alternative for centralized and secure enterprise computing. With an addressable potential market that IDC forecasts to reach $13 billion by 2008, we invested in ClearCube because it is the established market leader with an enviable list of Fortune 500 customers and the only vendor offering a comprehensive product." The ClearCube hardware is complemented by a robust software management suite that enables a "touchless IT" environment where IT managers can remotely manage and control global desktop deployments. For example, managers can virtualize Move/Add/Changes (MACs), remotely switch users to spare PC Blades in minutes if a PC Blade fails, monitor the health of a PC Blade and can be notified of problems and recover user data without ever leaving their desk. "Security continues to be a front page issue. ClearCube is uniquely positioned to help meet the security and availability needs of corporations, government agencies, and military operational needs," said Lt. General Kenneth A. Minihan (Ret.), ClearCube Chairman and retired Director of the NSA. "This new round of funding will enable us to further expand our operations worldwide," said Carl Boisvert, President and CEO of ClearCube. "There is a large market demanding a total rethink of the desktop PC - and we have a mature solution that is meeting that critical need."
About ClearCube Technology ClearCube is the global market leader and pioneer in PC Blade solutions, providing always-on solutions that deliver secured computing to every user, every time, everywhere. By centralizing PC computing assets, ClearCube provides a dramatic, measurable improvement in the security, efficiency, and cost-effectiveness of managing and supporting PCs. For more information, visit www.clearcube.com About Focus Ventures Focus Ventures is the leading expansion stage venture capital firm that invests in emerging market leaders in the software, semiconductor and communications industries. Focus Ventures currently manages $570 million, having closed its first fund in October 1997 and Focus Ventures II in December 1999. Focus Ventures offers its portfolio companies access to high quality partners in Asia and an extensive network of resources focused specifically on driving top line revenue growth through customer introductions and by establishing distribution channels, joint ventures and licensing arrangements. Since the firm's inception, Focus Ventures has invested in 77 companies and has had 20 IPOs and seven acquisitions by public companies. A select number of portfolio companies that have gone public include: Active Software, Agile Software, Alteon WebSystems, BroadBase Software, Chordiant Software, Commerce One, Copper Mountain Networks, Corio, CoSine Communications, Interwoven, Loudcloud, Niku, Pixelworks, and Verisity. For more information on Focus Ventures, visit www.focusventures.com or call 650.325.7400. ### Contact: June Parina
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