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Orchestria Secures $10 Million Investment to Accelerate Growth

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26 January 2004 – Orchestria Corporation, a provider of real-time visibility

and control solutions for email, the Web, instant messaging and other

electronic communications, today announced that it has secured a further

US$10 million in funding led by Constellation Ventures. Existing investors

Benchmark Capital, Doughty Hanson Technology and Crossbridge Venture

Partners all participated in the Series C round. The funds will be used

to build on Orchestria’s success in the financial services market, enabling

further expansion in North America, Europe and beyond, where it will

capitalise on strong global demand for regulatory compliance monitoring

software.


“We have searched long and hard for a real leader in this sector, and are

delighted to be able to complete an investment in Orchestria”, said Virginia

Turezyn, Managing Director, Constellation Ventures. “Not only does

Orchestria have superior technology and a compelling value proposition, but

its highly professional approach has allowed it to secure seven figure deals

in challenging market conditions”. Ms Turezyn joins Bruce Dunlevie, George

Coelho, George Powlick and Founder and CEO Peter Malcolm on Orchestria’s

Board.


Introduced just as the Enron scandal broke, Orchestria APM has found a ready

market among companies in highly regulated industries that are battling to

stay on the right side of the regulators. Several of the world’s largest

global investment banks already use the product, and Orchestria continues to

experience strong demand from the financial services industry and other

regulated sectors.


Orchestria was founded in 2000 by Chief Executive Officer Peter Malcolm, a

technology industry veteran who is named as inventor in more than 100

software patents. Its flagship product, Orchestria Active Policy Management

(APM), monitors and controls the content and context of incoming and

outgoing email, instant messages and Web activity, and alerts users of

possible violations of trading laws and industry regulations before the

message becomes a discoverable event. Users and/or compliance officers can

then review, amend or abandon the message before any damage is done.


“There is an immediate and pressing need for systems that prevent regulatory

compliance breaches in real-time,” said Peter Malcolm, founder and CEO of

Orchestria. “While email monitoring systems can only identify a breach

after it has occurred, the intelligence in our product prevents breaches

from occurring in the first place. The intensified regulatory climate has

stirred up a great demand for software like ours, and these funds will allow

us to move quickly and assuredly to meet that demand.”


Read more about Orchestria’s investors at

www.orchestria.com/company/investors.


About Orchestria

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Orchestria is the leading innovator in technology that provides

unprecedented levels of real-time visibility and control of all electronic

communications, including email, the Web and instant messaging. This process

is known as Active Policy Management (APM).


Orchestria's APM solution dynamically applies specific and explanatory

policy at the point of interaction, which means that non-compliant events,

such as information boundary breaches, document-sharing violations or

inappropriate disclosures are determined and filtered as they occur.


Orchestria APM has been deployed by some of the world's largest

corporations, including Wall Street banks, which face an increased

regulatory environment since the introduction of legislation such as the

Sarbanes-Oxley Act (SOX) and SEC/NASD regulations. Its pioneering

technology: analyzes content, context and concepts; enforces corporate

policy; lowers risk; eliminates unauthorized data loss; and ensures

regulatory compliance.


Founded in August 2000, Orchestria has offices in New York and London, and a

dedicated development facility based in Taunton, UK. It is a privately held

company. More details can be found at www.orchestria.com.


About Constellation Ventures

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Constellation Ventures, a Bear Stearns Asset Management Venture Capital

Fund, manages $450 million in venture capital through offices in New York

and Tokyo . The fund invests between $5 and $25 million in early to

mid-stage companies that enable the distribution, management and control of

information over emerging digital networks. Constellation Ventures provides

its portfolio companies strategic value-added services by leveraging its

Limited Partners that include Bear Stearns, Sony, Viacom, Young & Rubicam,

Tribune, Dai Nippon Printing, NTT Data, Acxiom, Toyota and Singapore

Technologies. For more information, please visit

http://www.constellationventures.com.


For more information:

Hazel Butters or Fiona Campbell-Howes at Prompt PR

Tel: +44 (0) 208 296 1887

Fax: +44 (0) 208 891 5027

Out of hours: + 44 (0) 7780 687813

hbutters@prompt-pr.com / fcampbell-howes@prompt-pr.com




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