Intelliden Closes $10 Million in Latest Round of Financing Monday 21 May 2007 PDF Print Capital to finance expansion into new geographic markets and development of new products MENLO PARK, CA, - May 21, 2007 - Intelliden Inc., a leading provider of Intelligent Networking solutions that enable organizations to control, manage and scale their networks, today announced that it has secured up to an additional $10 million in financing. Matrix Partners led this round of financing supported by existing investors including 3i, Granite Global, Hercules Technology Growth Capital and Westbury Partners. Intelliden intends to use this capital to support aggressive customer acquisition and geographic expansion, and to accelerate its product leadership in Intelligent Networking solutions. "Companies around the globe are seeking solutions that enable network agility and control, which are pre-requisites to rapid, cost-effective deployment of next generation services," said Tim Barrows, General Partner at Matrix Partners. "Support and validation of Intelliden's open, services-oriented paradigm continues to grow and reinforces our conviction in the significant market opportunity for Intelliden." The company recently announced that it was entering the Asia Pacific market to capitalize on the growing demand for its solutions in Japan and other countries in the region. In June 2007, Intelliden will launch its Policy-Based Compliance Management solution to automatically detect and correct out-of-compliance network conditions. This solution will provide a new level of control and predictability in dynamic and complex network environments. The company also intends to continue investment in its intellectual property building on its portfolio of ten issued U.S and international patents awarded in 2006 and 2007. "Our progress as a company and the value we have created over the last few years has been validated by our investors through a significant up-round," said Alan Black, president and CEO of Intelliden. We appreciate our investors' continued trust and confidence and that of our customers whom we serve." About Intelliden, Inc. Intelliden (www.intelliden.com) is a leading provider of Intelligent Networking solutions that enable organizations to control, manage and scale their networks. With Intelliden solutions, network-driven organizations can deliver next generation services, ensure compliance and completely automate network change and configuration management. Intelliden’s innovative and patented solution is the first example of truly “intelligent automation” of networking devices. It is the only solution that gives companies the real time state of the network—the key to ensuring accuracy across increasingly dynamic networks. Intelliden has been proven in global telecom companies, financial services organizations, federal government agencies and other businesses deeply dependent on their network. For more information, please contact: Kim Squire Devonshire Marketing Tel: 0870 7000 166 This press release was distributed by ResponseSource Press Release Wire on behalf of Devonshire Marketing in the following categories: Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.