XML SWITCHING COMPANY SARVEGA SECURES $10M IN FIRST ROUND FUNDING
Company Attracts Blue Chip Investors Bessemer Venture Partners, KB Partners and ComVentures

CHICAGO, IL, November 12, 2001 – Sarvega, a privately held company that develops intelligent XML switches, announced today that it has secured $10 million in Series A financing from blue chip investors Bessemer Venture Partners, KB Partners, and ComVentures. Sarvega will use this funding to continue its fast-track growth and ramp up for the introduction of its XML switches early next year.

Bob O'Neil, Venture Partner at Bessemer Venture Partners, and Bob Zieserl, Managing Director at KB Partners, will join Sarvega's Board of Directors. Other members are Sunil Gaitonde, John Chirapurath, and Paul Vabakos, formerly of ComVentures and now a General Partner at Trinity Ventures.

"Bessemer seeks out the leading early stage communications companies for our investments. One of the things that impressed us most about Sarvega is how quickly they have been able to move from the early stage vision to having initial product and trials. We believe Sarvega will truly be a company to watch over the next few years," said O'Neil.

"KB Partners looks very hard at the companies in which we invest. We found that Sarvega has the right combination of management talent, industry expertise and ability to deliver on the vision that are the requirements for success in today's economic environment. Their location in Chicago is a plus for the technology community in our area," said Zieserl.

"The Sarvega team brings together a unique combination of talent and expertise in developing innovative hardware and applications along with an in-depth understanding of enterprise customers' requirements from their technology-based business applications. Their innovative approach to intelligent XML switching exemplifies the type of communications innovation in which ComVentures focuses its investments," said Roland Van der Meer, General Partner at ComVentures.

Sarvega, founded in 2000, is pioneering a new category of content-aware infrastructure products based on intelligent XML switching technology that enables large enterprises to scale their e-business applications. Sarvega's technology takes advantage of XML while overcoming its limitations to enable enterprises to effectively manage growing amounts of company data and to exchange content between their complex networks of customers, suppliers and partners. Fortune 500 enterprises have already embraced XML as a technology that will significantly enhance their e-business functions, particularly in the context of global distributed computing and it is expected to grow significantly over the next few years: Leading industry analyst firms expect to see its use expanding to 40% of all enterprises by 2003.

The vision and execution of the technology were led by the company's three co-founders who bring together expertise in identifying new technology markets, building best-in-class solutions, and marketing these solutions to the enterprise.

• Sunil Gaitonde, Ph.D., Sarvega's President and CEO, has a successful track record developing networking and content delivery products for IBM, Cisco and Internet Junction, a company he co-founded and sold to Cisco.
• John Chirapurath, Vice President of Marketing, brings an in-depth understanding of the technology challenges and requirements of enterprises, having spent ten years leading the implementation of large-scale IT solutions for Fortune 100 companies, most recently at PricewaterhouseCoopers.
• Girish Juneja, Vice President of Engineering, has spent more than a decade developing innovative content delivery products for such companies as Thomson Financial Services, Verizon and MCI Worldcom. He has evangelized the use of XML for data interchange, content delivery and content presentation.

"Sarvega continues to demonstrate that we have the vision, the management team, and the ability to lead in the highly promising XML switching market. We are pleased have received such strong validation from some of the country's most respected venture capital firms." said Gaitonde.

The company, based in Chicago, IL, has already attracted about 30 highly experienced professionals from such leading companies as Cisco Systems, CacheFlow, IBM, Lucent, Motorola, PricewaterhouseCoopers, and Verizon.

The company also announced today that it has been named to I-Street Magazine's list of Chicago's Top 50 Emerging Tech Companies.

ABOUT BESSEMER VENTURE PARTNERS
Bessemer Venture Partners operates the nation's oldest continuing venture capital portfolio, which contains the companies whose innovations change the world. BVP's partners are industry leaders with, in total, more than a century's experience in building technology companies, within a tradition of hands-on, active venture investing that has continued since 1911. Many leading innovators, including Staples, Parametric, James River Paper, Ciena, Isis, Sirocco, Sports Authority, and Verisign, selected BVP as their early-stage venture partner. BVP has offices near the nation's top technology markets – California, Massachusetts and New York – and can be reached at www.bvp.com.

ABOUT KB PARTNERS
KB Partners (www.kbpartners.com) is a Chicago-based venture capital firm established in 1996 to make investments in early-stage technology companies in the Midwest. KB's objective is to build dominant new enterprises by working in partnership with talented entrepreneurs and experienced managers. KB Partners manages two venture funds totaling in excess of $95 million. The firm's investors include high net worth individuals, investment companies and institutions with which KB has established relationships.

ABOUT COMVENTURES
ComVentures, based in Palo Alto, California, is a venture capital firm managing over $1.2 billion in capital. ComVentures invests exclusively in early-stage communications and Internet companies focusing on three specific communications sectors: network infrastructure, software and services. For more information, please visit www.comventures.com.

ABOUT SARVEGA
Founded in 2000, Sarvega (www.sarvega.com) is pioneering a new category of content aware infrastructure products that leverages XML to enable Fortune 500 Enterprises to intelligently route and deliver information based on its meaning and value.

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