Date: Wed, 14 Jun 2000 10:49:01 -0400 From: "Amy Peterson" <apeterson@sterlinghager.com> To: <Lwn@lwn.net> Subject: Mission Critical Linux Receives $20 Million in VC Funding MISSION CRITICAL LINUX ANNOUNCES $20 MILLION IN EQUITY FINANCING FROM GENERAL ATLANTIC PARTNERS -- General Atlantic Partners Leads First Round of Venture Capital Funding-- Lowell, Massachusetts - June 14, 2000 - Mission Critical Linux Inc., the cutting-edge Linux services company, announced today that it has received $20 million in first-round venture capital financing from General Atlantic Partners, LLC, a leading global investor in Internet, Internet-enabled and information technology businesses. The investment enables Mission Critical Linux to continue its expansion on a global scale and to further deliver its groundbreaking enterprise-class Linux technology and services to the growing corporate Linux market. The Company has also announced that Peter Bloom, a Partner with General Atlantic Partners, would be joining Mission Critical Linux's Board of Directors. Shortly after its inception in August 1999, Mission Critical Linux released its Core Dump and Crash Analyzer to the Linux community. Later that fall, Mission Critical Linux announced its revolutionary Secure Service TechnologyTM (SST) offering, which enables Web-based monitoring of mission-critical systems, anytime, anywhere. This exciting new technology even allows IT managers to securely monitor their systems away from the desktop, using Palm VII handheld devices. The Company has also announced plans to release a high-availability clustering solution for Linux enterprise systems later this quarter. In addition to these breakthrough solutions, Mission Critical Linux will continue to focus on offering various levels of high-quality support for enterprise Linux systems throughout their lifecycle. The recent openings of offices on the West Coast and in Eastern Europe will help the Company further its position in the global marketplace. "The backing by General Atlantic Partners, a globally influential investor, will greatly enhance our efforts to market our unique technology and services on an international scale," said Moiz Kohari, CEO and President of Mission Critical Linux. "With the addition of General Atlantic's expertise and presence in local markets around the world, our company is now ready for the next step - to rapidly increase the visibility and value recognition of our core competencies in the burgeoning worldwide Linux marketplace." "Mission Critical Linux represents a unique investment opportunity," said Peter Bloom, Partner of General Atlantic. "Their sophisticated enterprise solutions rival those of established global corporations. Mission Critical Linux's combination of robust engineering innovation and conservative business model is unparalleled in the Linux marketplace, and made them a clear choice as an investment partner," he concluded. About Mission Critical Linux, Inc. Mission Critical Linux is a professional services and SI organization providing Linux infrastructure and support solutions to emerging, mid-sized and Fortune 1000 companies and eBusiness ventures. The Company's portfolio includes leadership high availability cluster solutions, unique Web-enabled diagnostic and system management solutions and deep engineering expertise, across all major Linux distributions and heterogeneous software and hardware platforms. Headquartered in Lowell, Mass., Mission Critical Linux has offices around the world and can be reached at www.missioncriticallinux.com or at (877) 53LINUX or (978) 446-9166. About General Atlantic Partners General Atlantic Partners, LLC focuses exclusively on investing in information technology, Internet and Internet-enabled businesses globally and at all stages of development. The firm has more than $10 billion in capital under management and $4 billion of capital available for investment. General Atlantic has invested in over 80 companies, including E*Trade Group, Priceline.com, Proxicom, Belle Systems and LHS Group. The firm is unique in its global perspective on information technology, its worldwide presence, its long-term approach to investments, and its commitment to provide sustained strategic assistance aimed at creating maximum value for its portfolio companies. General Atlantic (www.gapartners.com) has offices in Greenwich, New York, Reston, London, Singapore, Tokyo, Hong Kong and São Paulo. Amy Peterson Account Coordinator Sterling Hager, Inc. Phone: 617/926-6665 x362 Fax: 617/926-6325 e-mail: apeterson@sterlinghager.com