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Private Equity Week Wire for Monday 10/23

? PITTSBURGH — CoManage Corp., the leading supplier of award-winning Customer-Aware? service management systems for network service providers, today announced it has secured a $36 million round of venture financing, among the largest ever in the telecommunications Operations Support System (OSS) space. Highland Capital Partners and The Goldman Sachs Group, Inc., led this third round of funding, which also included current investors Adams Capital Management, Bessemer Venture Partners, Birchmere Investments, Columbia Capital, Lucent Venture Partners and Patricof & Company Ventures.

? LONDON and MUNICH — eLabsEurope, the b-to-b e-commerce venture targeting the Euro 8 – 10 billion European laboratory supplies market, today announced that it has secured US $20 million (Euro 22.9 m) in second-round financing from a consortium led by inVentures, the investment and development company. inVentures has committed US $10 million (Euro 11.5 m), while Atlas Venture, the original investor in the company, has provided US $4 million (Euro 4.6m). German technology groups, SAP Ventures and SBS Ventures, part of Siemens Business Services, have also participated in the funding.

? ROUND ROCK, TEXAS — Biometric Access Corp. secured the first $5M of a $10M Series “A” Preferred round of mezzanine funding from J. & W. Seligman & Co. Incorporated earlier this month. Seligman is a highly respected mutual fund management company that has had tremendous success in the management of technology portfolios.

? FRAMINGHAM, MA — TeleKnowledge, a leading provider ofvalue-based billing customer care and e-partner revenue management solutionsfor the rapidly growing market of application, content and services overIP/broadband networks, announced today that the company closed an additional$35 million in financing. The round was led by 3i, the world’s leading international venture capitalcompany with over $17 billion in investments. Among those joining 3i arefirst time investors in TeleKnowledge – Merrill Lynch Ventures, DRW VenturePartners and Tamir Fishman together with existing investors Zeevi Computersand Technologies, Jerusalem Venture Partners, and Siemens Mustang Venturesand others. Dain Rauscher Wessels and Tamir Fishman were co-managers on thetransaction.

? SAN BRUNO, CA — VantagePoint Venture Partners today announced the closing of $1.6 billion for VantagePoint Venture Partners IV (VP IV), the fourth fund raised since the Firm’s inception in June of 1996. VP IV almost triples VantagePoint’s previous fund size of $560 million. The Fund intends to continue to concentrate its capital on early-stage networking and communications companies, specifically in the areas of fiber optics, wireless, semiconductor, IP networking, and Internet infrastructure technologies and services.

? LOS ANGELES — Archive today announced it has raised $18 million inequity financing from Mayfield Fund; VeriSign (Nasdaq: VRSN); Oracle(Nasdaq: ORCL); EMC (NYSE: EMC); Rare Ventures, the venture capital arm ofRare Medium Group Inc. (Nasdaq: RRRR); and others. Archive, created by thefounders of, is an ASP which delivers real-time access to pastand present business behavior to reduce the risk of, and provide insightinto, Internet commerce.

? IRVINE, CA — High Tower Software, the world pioneer in data discovery for business intelligence, has received a second round of venture capital financing from an investment group led by Liberty Partners. The capital infusion — in excess of $10 million — will be used by the software firm to fuel increased sales and marketing efforts aimed at expanding its market share in information-intensive infrastructure applications in network monitoring and e-commerce, as well as data warehouse information access.

? BOULDER, CO — Network Photonics(TM), a third- generation optical networking company, today announced that it has closed on $106.5 million in funding from industry leading venture capitalists in its second round of financing. Leading the round is The Sturm Group, with Spectrum Equity Investors, Mustang Ventures, New Enterprise Associates (NEA) and US Venture Partners (USVP) co-investing. Greg Williams, principal of The Sturm Group, and Neal Douglas, managing general partner for Spectrum Equity Investors, will each take a seat on the Network Photonics board of directors. Earlier in the year, NEA and USVP led the company’s first round financing for $10 million, bringing Network Photonics’ total dollars raised to $116.5 million.

? SUDBURY, MA — Vividon, Inc. an Internet infrastructure company focused on dramatically improving video delivery on the Web, today announced that it has completed its second round of funding for $15 million. This financing will enable Vividon to accelerate the product development of its Content Delivery Servers and expand its sales and marketing functions. Venrock Associates led the round, joined by initial investors Atlas Venture, Carlyle Venture Partners, an affiliate of the Carlyle Group and private investor James Dow.

? BAGSVAERD, DENMARK and SEATTLE — In a move that establishes a new leader in the field of protein therapeutics, Novo Nordisk A/S (NYSE: NVO) today announced that it has taken definitive steps to establish its fully owned subsidiary, ZymoGenetics Inc. as an independent corporate entity. The move comes in conjunction with the signing of a USD 150 million private placement into ZymoGenetics from a strong international investor consortium led by E M Warburg, Pincus & Co, LLC. ZymoGenetics will use the proceeds from the financing to further accelerate its targeted, bioinformatics-driven programs for the discovery and development of novel therapeutic proteins.

? SAN DIEGO — FeRx Inc. today announced the completion of a Series C private round of financing, raising a total of $6.1 million for the company. This round included existing FeRx investors Brentwood Venture Capital, Whittier Ventures LLC, as well as new investors California Technology Venture Partners and several Canadian institutional investors arranged through Jennings Capital. FeRx, a drug delivery company focused on the development of its proprietary Magnetic Targeted Carriers (MTCs) technology, has raised $18 million to date, said Jacqueline Johnson, Ph.D., president and CEO of FeRx.

? ALEXANDRIA, VA ? Riptech Inc., the premier information security service provider, today announced that it has received a $23 million first round of venture capital investment led by Providence Equity, Inc. and Columbia Capital. Riptech will use the additional capital to strategically expand its domestic and international operations, deliver industry-specific security solutions, as well as further develop its channel and technology partnerships. The funding comes as Riptech is managing triple-digit growth of its end-to-end e-Business information security solutions.

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