Woodside Fund Leads Series B Round For Intelligent Markets

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April 26, 2001

Woodside Fund Leads Series B Round For Intelligent Markets

Redwood Shores, CA -- April 26, 2001 -- Woodside Fund is a lead investor in the $10 million Series B round of preferred financing for Intelligent Markets. Intelligent Markets is a leading provider of comprehensive trading solutions for securities dealers, consortia and exchanges serving the institutional financial markets. Its solutions provide automated contingent order execution, computer learning technology which alerts professionals to transaction opportunities, and a robust and scalable architecture built for institutional markets.

Prior investor Oak Hill Venture Partners and new investor Pacific Ventures also participated in the round.

With the movement toward electronic trading in institutional markets, securities dealers face the challenge of providing sophisticated trading capabilities to their clients without losing the first-hand client and market knowledge which is currently exchanged over the phone. Intelligent Markets builds systems that utilize computer learning to allow dealers to move their sales and trading operations into the electronic age while actually enhancing personalized client service.

“We selected Woodside Fund to lead our financing due to their hands-on commitment to their companies, extensive operating experience, and reputation for integrity and relationship building,” says Carl Huttenlocher, Co-Founder and CEO.

“We see a tremendous opportunity for Intelligent Markets to enable dealers to greatly enhance the efficiency with which they do business with their customers,” commented Daniel Ahn, partner at Woodside Fund. “The combination of their world class engineering team and deep vertical market domain experience is entirely unique and very compelling for us,” adds Woodside Fund partner John C. Occhipinti. Mr. Ahn joins the company’s board of directors.

About Woodside Fund

Founded in 1983, Woodside Fund has one of the longest and strongest track records of success in early stage venture capital investing. The firm has grown to four funds with over $225 million under management. Woodside Fund's latest partnership, Woodside Fund IV, which had its final close in March, 2000, invests between $5 and $12 million in early stage ventures in Internet Protocol infrastructure and e-Commerce infrastructure companies, and is focused on Northern California and the West Coast. The Fund typically serves as the lead or co-lead investor in its portfolio companies.

www.woodsidefund.com
www.intelligentmarkets.com