Intelliden Founding Investor Named to Forbes Midas List
--Venture Capitalist's Fourth Consecutive Year On Prestigious List--
COLORADO SPRINGS, Colo., Feb. 18, 2005 - Intelliden Corporation, the intelligent networking company, today announced that Timothy A. Barrows, general partner at Matrix Partners and Intelliden's founding investor, was included in the Forbes Midas List for the fourth year in a row. The Forbes Midas List seeks to identify individuals who deploy venture capital to create wealth for their investors and build valuable, long-lasting companies.
Barrows, based in the Waltham, Mass., office of Matrix, has nearly 20 years of experience in the venture capital industry, investing in early-stage information technology companies. Barrows currently serves on the Board of Directors of Intelliden and has served on the Boards of OnDisplay (IPO, acquired by Vignette), SilverStream Software (IPO and Public), Sycamore Networks (IPO and Public), Tivoli Systems (IPO, acquired by IBM), Veritech (acquired by SDLI) and Watermark Software (acquired by FileNet).
"I'm honored to be included on this year's Forbes Midas List," said Barrows. "The Matrix team is focused on identifying and investing in promising companies such as Intelliden. I continue to be impressed with Intelliden's pioneering of the model-driven network automation market. Intelliden now has an award-winning product in this large and growing space, has big-name customers in key market verticals, and is the first in this industry to be cash-flow positive. They continue to set the standard in the network management space."
"Having Tim named to the Forbes Midas List for four consecutive years is a notable achievement," said Dale Hecht, Intelliden president and CEO. "Over four years ago Tim understood the Intelliden market opportunity and we are proud to have him on our Board of Directors. Tim and Matrix Partners provide the Intelliden team with valuable insights and have helped build many successful companies. We look forward to working with them in 2005 and beyond."
The Intelliden R-Series® software automates the auditing, configuration, provisioning and security of network devices. Intelliden's solution is available via a Web-based interface or the industry's first open and extensible APIs, which enable it to be embedded within other applications. These open APIs allow businesses and organizations to share and reuse logical and physical network configuration, network security and service activation information. The Intelliden R-Series provides seamless identification, analysis and resolution of systems and networking issues that can threaten strategic IP networks.
About Intelliden Corporation
Intelliden is the leading provider of automated, model-driven networking solutions. With the Intelliden R-Series® software suite, networks become more intelligent and efficient by dynamically responding to strategic priorities, which allows businesses and organizations to automate network configuration, reduce costs, increase network security and accelerate service activation. Intelliden is a global corporation headquartered in Colorado Springs, Colo. For more information, visit www.intelliden.com.
Intelliden and Intelliden R-Series are trademarks of Intelliden Corporation. All other trademarks in this document are properties of their respective owners.
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