Nevis Networks Secures Additional $12.5 Million in Financing

New Enterprise Associates (NEA) Joins Existing Investors in Significant Up-Round

SANTA CLARA, Calif. – July 18, 2005 – Nevis Networks, an emerging provider of LAN security systems, today announced that it has successfully completed a $12.5 million follow-on round of Series B financing. New investor New Enterprise Associates (NEA) joined existing investors BlueRun Ventures and New Path Ventures in the significantly up-value round, which raises the total investment in Nevis to $32.5 million. Nevis will use these funds to bring its products to market, and expand its sales and marketing workforce.

Mark Perry, a general partner at NEA, joins the board as an advisor. “NEA has a strong track record of investing in networking and security companies with disruptive technologies and management teams that can execute on large market opportunities,” said Mark Perry, NEA general partner responsible for the investment. “Nevis Networks fits this model well. Internal security is the next big challenge facing enterprises IT departments, and we believe that Nevis is uniquely positioned to address this problem with their technology and new management team. They have all the hallmarks of previous successful NEA investments, including Juniper Networks and Neoteris.” Traditionally, network security has been designed to safeguard the network perimeter from external threats. But today, enterprises must apply that same level of security for users inside the network. “Dozens of CIOs have told me they are highly concerned about the dramatic growth in internal security threats. Existing network infrastructure and perimeter security devices do not and cannot effectively secure the LAN,” said Charles Dauber, president and CEO, Nevis Networks. “With our ‘Personal DMZ’ technology, Nevis is fundamentally changing how LANs are secured, and with this additional funding and NEA’s assistance, we are preparing for an aggressive entrance into the LAN security market.”

About Nevis Networks
Nevis Networks is an emerging provider of LAN security systems. The company was founded in 2002 and is headquartered in Santa Clara with an R&D center in Pune, India. Nevis has raised over $32 million from veteran Silicon Valley investors New Enterprise Associates, BlueRun Ventures, and New Path Ventures. About New Enterprise Associates New Enterprise Associates (NEA) is a leading venture capital firm focused on helping entrepreneurs create and build major new enterprises that use technology to improve the way we live, work and play. Since its founding in 1978, the firm has followed the same basic principles: support their entrepreneurs, provide an excellent return to their limited partners and practice their profession with high standards and respect. Practicing classic venture capital for over 25 years, NEA focuses on early stage investments, playing an active role in assisting management to build companies of lasting value. With $6 billion under management, NEA’s experienced management team has invested in over 500 companies, of which more than 145 have gone public and more than 185 have been acquired. NEA has offices in Reston, Virginia, Menlo Park, California and Baltimore, Maryland.

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