Intersperse, Inc. Secures $9.3 Million in Funding

Third Round of Financing will Accelerate Growth of Enterprise Management Solutions Provider

Press Release
July 14, 2003




Pasadena, Calif.-July 14, 2003-Intersperse, Inc., a provider of management software for the mission-critical application and integration infrastructure of the global enterprise, today announced that it secured $9.3 million in new venture financing that will be put towards business expansion through additional investments in product development, sales and marketing. The third round of funding by Palomar Ventures, Kleiner Perkins Caulfield and Byers, Clearstone Venture Partners and Rustic Canyon, brings the total amount of capital raised to $28.3 million.

“Today’s complex enterprises demand that critical IT processes support core business goals. Intersperse brings the visibility and control needed to proactively manage diverse enterprise architectures and provide business process assurance,” said Jim Gauer, general partner of Palomar Ventures. “With its strong executive leadership team, advanced technology and clear strategic vision, Intersperse is poised for success in this burgeoning market.”

Intersperse offers a distributed management solution for the enterprise that enables vendor-independent visibility into software components across all application, integration and process servers that support Java Management Extensions (JMX). Intersperse Manager allows IT personnel, from executives to developers, to maintain constant visibility into business events as they occur, to predict business process failures and to proactively adjust the environment to maximize Business Process Assurance.

“This round of funding reflects the confidence of world-class investors in both the great market opportunity and in Intersperse’s ability to deliver advanced solutions to manage critical applications across broad IT environments,” said Daniel Udoutch, Intersperse president and CEO. “Intersperse will leverage this additional funding to accelerate our momentum through ongoing product development, marketing and sales efforts.”

About Intersperse
Intersperse, Inc., is an enterprise software company that provides a distributed management solution for software components and services across application, integration and process servers. The Intersperse Manager enables IT integration teams to gain vendor-independent visibility and control of their integrated application environments-resulting in reduced operational risk and increased service levels to business. Our solutions are deployed at Fortune 500 customers within financial services, high-tech manufacturing, telecommunications and retail. Intersperse is headquartered in Pasadena, CA. For more information, please visit www.intersperse.com.

Intersperse and Intersperse Manager are trademarks of Intersperse, Inc. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.



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