Enterprise News for 2007



December 18, 2007
ReliOn Ships A Million Watts of Fuel Cells
Spokane, Wash.: ReliOn, the leading provider of high reliability fuel cell solutions for backup power applications, today announced it has crossed a major milestone in its commercial sales efforts. ReliOn has
shipped more than one million Watts worth of fuel cell product to customers.

December 6, 2007
Breach Security's ModSecurity Selected as Top Application Security Tool at AppSec 2007
CARLSBAD, Calif., December 6, 2007 - Breach Security, Inc., the leader in web application security, today announced that the ModSecurity open source web application firewall was awarded the top
application security-specific tool at the Open Web Application Security Project (OWASP) & Web Application Security Consortium (WASC) AppSec 2007 in San Jose, California, November 12-15, 2007.

Additionally, ModSecurity was selected as the number two open source security tool from the results of an AppSec 2007 conference attendee survey. ModSecurity is the most widely deployed web application
firewall in the world with over 10,000 deployments.

December 6, 2007
TargeGen Announces Planned Initiation of Clinical Trial of JAK2 Inhibitor
San Diego, CA December 6, 2007 - TargeGen, Inc. today announced that the Companys recently submitted IND for TG101348 is now active and the Company plans to initiate a multicenter clinical trial of TG101348, an internally discovered, oral, potent, and highly elective
JAK2 inhibitor in January, 2008. Additionally, TargeGen announced that a series of presentations related to TG101348 will be made at the 2007 ASH Conference (Atlanta, December 8-11, 2007) by Company scientific staff and outside academic collaborators.

November 20, 2007
Spreadtrum Communications Acquires Quorum Systems
SHANGHAI, ChinaNovember 18, 2007Spreadtrum Communications, Inc. (Nasdaq: SPRD), one of China's leading wireless baseband chipset providers, today announced that it has entered into a definitive agreement to acquire Quorum Systems, Inc. ("Quorum"), a San Diego-based fabless semiconductor company that specializes in the design of highly integrated CMOS radio frequency (RF) transceivers. Under terms of the agreement, Spreadtrum will pay $55 million in cash and $15 million in stock to Quorum's shareholders, with up to an additional $6 million in cash for performance based earn-outs expected to be achieved over the next two years.

November 2, 2007
San Jose-Based Calient Networks Lands $10 Million in Funding
San Jose, Calif. -- Calient Networks, a San Jose-based developer of fiber management systems based on optical switching, said that it has landed $10 million in a new round of funding, led by TeleSoft Partners. Enterprise Partners Venture Capital, Sofinnova Venture, Wall Street Technology Partners and other previous investors also participated. The company said that it will use the proceeds to accelerate production, expand sales and enter new markets. With the completion of the round, the company said that George Schmitt, the managing director of Telesoft Partners, has been elected chairman of its board of directors.

November 1, 2007
Specific Media Raises $100 Million To Expand Web Ads
Online-advertising company Specific Media Inc. said it raised $100 million in financing from private-equity firm Francisco Partners, another sign of the investment frenzy over Internet ads and their ability to generate revenue for all kinds of Web sites.

Specific Media, of Irvine, Calif., will use the money for acquisitions and to expand into new types of advertising, adding to the typical display or "banner" ads the company sells now, Chief
Executive Tim Vanderhook said in an interview. Specific Media, which has 115 employees, wants to start dealing in different ad formats, such as search-based ads and video ads, he said.

November 1, 2007
Specific Media Secures $100 Million in Funding
Leading Online Advertising Network Joins Forces with Francisco Partners

IRVINE, Calif.--(BUSINESS WIRE)--Specific Media, the number three-ranked advertising network according to the September comScore rankings, today announced that it has closed a Series B
financing with Francisco Partners, a leading technology-focused private equity firm with approximately $5 billion under management. Francisco Partners will fund the company with up to $100 million, with access to further resources as necessary, to support Specific Medias growth.

Specific Media has earmarked this new round of funding for acquisitions that build on the companys current platform. This commitment represents one of the 20 largest technology growth capital deals made worldwide in 2007 to date. Investment bank Piper Jaffray advised Specific Media on the transaction.

October 30, 2007
Genoptix Shares Climb on First Day
Genoptix Shares Rise More Than 50 Percent in Market Debut After Pricing Above Expected Range

NEW YORK (AP) -- Shares of diagnostic services provider Genoptix Inc. climbed more than 50 percent in their first day of trading Tuesday, after the company's initial public offering priced above the expected price range at $17 per share.

Shares jumped $8.51, or 50.1 percent, to $25.51 in midday trading. Shares hit a low of $23.40 and a high of $26.31 earlier in the session.

The Carlsbad, Calif.-based company had anticipated the offering of 5 million shares to price between $14 and $16 per share. Genoptix offered roughly 4.3 million shares and a group of stockholders offered the remaining 714,286 shares.

October 29, 2007
VMIX Adds $16.5 Million in Funding to Expand Video Network
October 29, 2007 02:25 PM PDT by Adam Ostrow. VMIX, which powers social networking communities for a number of leading media brands, has raised $16.5 million in Series B funding. VMIX offers is own online community where users can upload videos and create their own channels, but also partners with popular sites including the Independent Film Channel and Media General.

This round of funding comes from ATA Ventures, JK&B Capital, Mission Ventures, and Enterprise Partners.

October 29, 2007
Genoptix, Inc. Announces Pricing for Initial Public Offering
SAN DIEGO, Oct 29, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Genoptix, Inc. announced today the pricing of its initial public offering of 5,000,000 shares of common stock at a price of $17.00 per share. 4,285,714 shares are being offered by Genoptix and 714,286 shares are being offered by certain selling stockholders. In addition, Genoptix and the selling stockholders have granted to the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock. Genoptix common stock is expected to begin trading on the NASDAQ Global Market under the trading symbol "GXDX" on Tuesday, October 30, 2007.

September 28, 2007
Complete Genomics, BioNanomatrix to Use $8.8M NIST Grant to Develop '$100 Genome' Platform
NEW YORK (GenomeWeb News) - BioNanomatrix and Complete Genomics said yesterday that they have formed a joint venture that will share an $8.8 million grant from the US National Institute of Standards and Technology to develop technology that will be able to sequence a human genome in eight hours for less than $100.

September 5, 2007
LSI Corp. Announces Agreement to Acquire Tarari, Inc. For $85M
Tarari, Inc., a San Diego based fabless semiconductor company, has signed a definitive agreement to be acquired by LSI Corp. (NYSE: LSI) for $85 million in cash. (See www.lsi.com for LSIs press release.) Tarari has emerged as the world leader in content processor silicon to offload and accelerate compute-intensive, complex algorithms used for content inspection in XML/Web Services, Network Security and Digital Media environments.

Bob Conn, a member of Tarari's board since February of 2006 and a Managing Director of Enterprise Partners Venture Capital, said LSIs agreement to acquire Tarari confirms Tarari's leadership and strategic value. The acquisition will provide a significant return for Tarari employees and investors while enabling LSI to deliver advanced services across its own portfolio of networking and storage solutions.


July 30, 2007
Enterprise Partners combines growth, profitability
Although it's been more than six years since the high-flying days of the dotcom era came crashing down, the climate for venture-capital firms looking to raise money for technology-centric funds is just returning to normal, according to Bob Conn, a managing director at the La Jolla-based Enterprise Partners Venture Capital firm. While colossal leveraged buyouts in the private-equity world and the piles of money hedge-fund managers reportedly earn consistently garner headlines, the venture capitalists have maintained a low profile.

June 14, 2007
San Diego's Ernst & Young Entrepreneur Of The Year Award
Drew Senyei, Managing Director of Enterprise Partners Venture Capital, was named Master Entrepreneur in the Ernst & Young 2007 Entrepreneur of the Year award ceremony.

In addition, Dr. Tina Nova, CEO of Enterprise portfolio company Genoptix, recieved the Entrepreneur of the Year award in Life Sciences.

May 19, 2007
New York Times: Internet Giants Vie to Snap Up Web Ad Firms
Carl Eibl, Managing Director of Enterprise Partners, comments on Microsoft's $6B acquisition of aQuantive and the promise of the online advertising sector.

May 7, 2007
3Leaf Systems Secures $20 Million in Series B Funding, Adds Former McData Executive to Board of Directors
3Leaf Systems, provider of next-generation virtualization solutions for enterprise data centers, today announced the close of its Series B round of private equity financing. The $20 million round was led by Intel Capital; existing investors Enterprise Partners, Storm Ventures, and Alloy Ventures also participated.

April 27, 2007
DragonWave Completes Successful IPO on AIM and TSX
Ethernet wireless technology company DragonWave Inc. finalizes its initial public offering of close to 7.6 million common shares placed on the London AIM market and Toronto Stock Exchange.

April 24, 2007
Union Tribune: Venture investment sets record in county
Venture capital investment in San Diego County surged to a record high during the first three months of 2007, driven by a wave of health care funding that was strong nationwide.

April 5, 2007
bizSanDiego: Local venture capitalists assert that their industry isnt broken its just taking a refocused approach to funding
San Diego VCs, including Enterprise Partners' Kleanthis Xanthopoulos, discuss how the venture model has changed and adapted to current market realities.

March 28, 2007
San Diego Daily Transcript: Clean technology cultivates new perspectives on energy
CleanTech's potential is discussed by several San Diego VCs, bankers and entrepreneurs, including Enterprise Partners' Managing Director Carl Eibl.

March 13, 2007
CONNECT: Investors' Hub Profile of Kleanthis G. Xanthopoulos
Kleanthis Xanthopoulos, Managing Director at Enterprise Partners discusses his views on investing profitably in the Life Sciences in today's environment.

February 12, 2007
Yahoo.com: Cytyc to Buy Adeza Biomedical for $452M
Adeza Biomedical, an Enterprise Partners portfolio company, will be acquired by Cytyc for $452 million, or $24 per share-a premium of 55% over its stock price on Friday at the close of the Nasdaq.

February 9, 2007
SoCal Tech.com: Patrick Harr Named CEO of Streamload
Patrick Harr, Entrepreneur-in-Residence at Enteprise Partners has joined Streamload as CEO. Streamload, a local San Diego media services company allows people to easily share their digital content.

January 23, 2007
San Diego Union Tribune: In Hot Venture Capital Year, Local Biotechs Sizzle
A Pricewaterhouse Coopers/MoneyTree survey found a total of nearly $1.23 billion in venture capital flowed to San Diego in 2006, 16% higher than prior year.

January 16, 2007
Enterprise Partners Names Marios Fotiadis as Managing Director
Marios Fotiadis, an experienced life sciences executive becomes the 5th partner at Enterprise Partners as the firm expands its life sciences practice. He joins Drew Senyei, Kleanthis G. Xanthopoulos, Bob Conn and Carl Eibl.

January 5, 2007
Krisztina Zsebo, Ph.D. Named Venture Partner at Enterprise Partners
Experienced biotech executive promoted as firm expands life sciences practice.
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