Lead Sponsors

Bank Vontobel AG
BNP Paribas

Co-sponsors

2M Invest A/S
Ad_Astra Venture Consult GmbH
b-business partners
DVC Deutsche Venture Capital
Gilde IT Fund
IBM
Infineon Ventures
Kirchhoff Consult
KPMG Somekh Chaikin
Morgan Lewis & Bockius
PolyTechnos Venture-Partners
Schroder Salomon Smith Barney
SWX Swiss Exchange
TVM Techno Venture Management GmbH
Westminster Securities Corporation

Co-Sponsors

Bank Vontobel AG
Frank Brechlin,
Private Equity Advisor

Vontobel Banking Group is a traditional Swiss private banking group offering superior financial services to clients around the world. It is focused on four business areas: private banking, investment banking, asset management and investment funds. Vontobel Banking Group is one of the leading Swiss portfolio managers for private and institutional clients with EUR 50 billion under management as of the end of June 2001. It has representative offices in Zurich, Geneva, Cologne, Salzburg, Vienna and New York as well as in other locations.

Vontobel Private Equity provides tailored private equity services and specialized products to institutional investors and high net worth individuals. Since 1997, Vontobel has raised a series of private equity funds and invested more than EUR 1.5 billion in roughly 100 funds and 50 companies.

Vontobel Holding AG shares have been listed on the SWX Swiss Exchange since 1986. A key element of the Group’s identity is its independence. The Vontobel family, the Vontobel-Foundation and management own a majority of the share capital and voting rights. This ownership structure makes Vontobel one of the few truly independent banking groups in Switzerland.
www.vontobel.ch

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Bank Vontobel

BNP Paribas
Franc Gregori,

Head of Pharmaceutical, Healthcare and BioTech Research

BNP Paribas is one of the world’s largest banking groups, with assets of almost €700 billion and a net income of €4.12 billion in 2000. The bank has an extensive international network, reaching across 87 countries, with hubs in leading financial centres across the globe. Ranked number one in France in terms of earnings, BNP Paribas is also the largest bank in the Euro zone measured by market capitalisation. Thanks to the excellent strategic partnership between its commercial and financial businesses, BNP Paribas is a major player in the investment banking, retail banking, and international private banking and asset management fields. Eighty of the world’s top 100 companies have chosen BNP Paribas as their bank.

BNP Paribas’ Technology Corporate Finance team offers advisory and equity underwriting services focused on IT services, software, networking technologies, biotechnology and medical technology. The bank is one of the most active lead managers of equity offerings on Europe’s growth markets (Euronext, Neuer Markt, Easdaq) and a leading M&A adviser to European technology companies.
www.bnpparibas.com

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BNP Paribas

2M Invest A/S
Michael Mathiesen,
Managing Director

2M Invest A/S is a public venture capital and management company with offices in Denmark, Sweden, Finland, The United Kingdom, the United States (Boston and San Francisco) and Taiwan, specializing in hands-on investments within the area of information technology. 2M Invest invests in companies whose technology has been proven, at least to prototype stage, but where the companies still face considerable challenges in management, production, financing and marketing.

2M Invest’s portfolio currently consists of approximately 50 small and medium-sized growth companies within the information technology field. 2M Invest has singled out five specific focus areas for investments: e-business, wireless communications, semiconductors, software and digital media. The portfolio includes among others: SimCorp A/S (DK), BlueKite.com, Inc. (US), Cycore AB (S) and VIGILANTe (US).

2M Invest went public in Feburary 2000 and the shares are traded at the Copenhagen Stock Exchange.
www.2minvest.com

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2M Invest

Ad_Astra Venture Consult GmbH
Dr. Hans-Christian Perle,
Investment Director

Ad_Astra Venture Consult GmbH, established in July 2000, is a Private Equity / Venture Capital Fund targeting high-growth, technology-oriented companies in the Telecommunication, IT, Media, Life Science and general High-Tech industries. With a committed capital of €100 million it is a mid-sized fund focussing primarily on the German speaking markets. Lead Investor is HypoVereinsbank, Germany’s second largest bank. Investments include Asknet, Trados, web2CAD, IHB Internationale Holzboerse and QBEO.
www.adastra.de

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Ad_Astra

b-business partners
Dr. Hans-Dieter Koch,
CEO

b-business partners is a leading pan-European venture capital company. It has a commitment to building successful businesses to achieve superior financial returns by investing in innovative business-to-business technologies. Founded in March 2000 as a new model for venture capital, b-business partners enables companies in which it invests to directly benefit from the knowledge and skills of the 700,000 employees worldwide of its unique hardwired network of partner companies: Investor AB, ABB, SEB, AstraZeneca, Atlas Copco, Electrolux, Ericsson, Hewlett-Packard, Saab Aerospace, Sandvik, SKF, Stora Enso and WM-data. b-business partners has a committed capital base approaching € 1 billion, with offices in Amsterdam, London, Munich and Stockholm.
www.b-bp.com

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b-business partners

DVC Deutsche Venture Capital
Holger Heims,
Managing Partner
Dr. Jörg Neermann, Managing Partner

DVC Deutsche Venture Capital has continuously expanded its position in the European VC market since its formation in 1998. DVC has invested in 55 companies with a volume of more than 125 million Euro. DVC focuses on the fast growing markets of life science, information- and communication technology as well as micro- and system technology. In August 2000, DVC began investing its third fund (VCG Venture Capital Gesellschaft mbH & Co Fonds III KG) with a volume of 200 million Euro.

DVC’s professional teams of investment managers and industry experts support its portfolio companies from offices in Frankfurt, Munich and Berlin. DVC’s Silicon Valley office offers a stepping stone into the US markets.

With Deutsche Bank as the DVC’s lead investor and with further reputable investors such as Deutsche Ausgleichsbank, Hannover Finanz Gruppe and Gerling-Konzern, DVC has an international network with excellent business relations. Especially valuable is the access to the investment banking resources of the Deutsche Bank Securities and DB Alex Brown with more than 300 analysts.
www.dvcg.de

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DVC

Gilde IT Fund
Toon den Heijer,
Executive Director

Gilde IT Fund is part of Gilde Investment Management, a leading global venture capital firm with € 1.5 billion under management.

The IT Fund is one of the largest and most successful venture capital funds in Europe. Distinguishing characteristics are its entrepreneurial approach, focus on specific areas and a longstanding track-record in building leading international IT enterprises. Gilde has more than 80 investments in the IT industry in Europe, the US and Israel, and achieved more than 25 successful IPO’s and trade sales.

Our investments range in size from as little as € 0.5 million to as much as € 10 million. Typically, we invest € 3 to € 5 million initially and expect to invest € 5 to € 10 million over the life of a company.

Gilde invests more than money in a company and provides a wide range of programs to her rapidly expanding technology companies, to help them become world-class. Gilde has an excellent international network and is supported by an actively involved Advisory Board, chaired by John Sculley.
www.gilde.nl

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Gilde IT Fund

IBM
David McKenzie
, Business Development Executive

IBM Net Generation is focused on delivering customised, flexible and scalable Internet solutions for companies of all sizes. Drawing on resources from across IBM and 90,000 IBM Business Partners, IBM’s Net Generation business helps Internet Service Providers, Web hosting companies, portals and born-on-the-Web companies establish their businesses and become profitable in Internet time. IBM Net Generation has already helped hundreds of Internet-based companies onto the path of success. These companies chose IBM because they sought two things. First, an established e-business partner that could give instant credibility to their own innovations. Secondly, a partner that could provide the business and technology infrastructure that would take them to market and then to profit quickly and sustainably. IBM’s recipe is straightforward - it provides the four fundamental services that Net Generation companies need to succeed: technology, strategic consulting, business innovation and e-hosting services and financing.
www.ibm.com

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IBM

Infineon Ventures
Ralf Schnell,
Managing Director

Infineon Ventures is the venture capital subsidiary of Munich, Germany, based top-tier semiconductor company Infineon Technologies AG. Since its inception in 1998 Infineon Ventures has become a prime venture partner for early-stage companies in microelectronics and communications. Leveraging the vast resources of Infineon Technologies the company is uniquely positioned to deliver high financial returns on it‘s investments as well as to add significant strategic value both, to portfolio companies as well as to Infineon.

Our investment strategy is oriented towards companies that create new markets, exploit pace-setting technologies or establish new applications in areas where microelectronics is or will be a key enabling technology. We invest into pre-IPO companies of all development stages with a special focus on seed and start-up phases.
www.infineon.com

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Infineon

Kirchhoff Consult AG

Kirchhoff Consult consists of a team of financial analysts, IR experts, issuing consultants, business journalists and communication designers. Our aim is to create a lively, convincing and sustained dialog between businesses and investors at each stage of a company's development. We advise start-ups during the entire capital procurement process. We organize and design corporate communication both in terms of content and visual aspects. All our staff members consider themselves to be dedicated consultants and partners of their clients at any particular time. We have both long-term mandates with significant corporations listed on the DAX and innovative, successful start-up companies.
www.kirchhoff.de

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Kirchhoff Consult

KPMG Somekh Chaikin
Dr. Eli Carmon,

Manager, Corporate Finance - Health Care & Life Sciences

KPMG Somekh Chaikin is one of the largest accounting firms in Israel, providing auditing, taxation, consulting and financial guidance services.

KPMG Somekh Chaikin has 38 partners, headed by Gad Somekh – Managing Partner, Rakefet Russak-Aminah, CEO, and an 8-member executive committee. The Firm, which was founded in 1922 as an accounting firm, presently services thousands of clients in Israel, with some 800 employees and branches in Tel-Aviv, Jerusalem, Haifa and Kiryat Shmona.
KPMG Somekh Chaikin, one of the leading accounting firms in Israel, is a member of the international KPMG network, one of the five leading accounting firms, providing financial and business consulting services. With more than one hundred thousand employees in 160 countries worldwide, KPMG has, for the sixth year, been the world’s leader in mergers and acquisitions and in offerings in the new media field.

Among the Firm’s clients are dozens of companies that represent the cornerstone of the Israeli economy, in various fields: banking, insurance and financial services, technology companies, trade and real estate, maintenance, international companies and global banks.

The Firm’s clients benefit from reliable professional service at the highest international standards, accompanied by long standing direct ties with the Firm’s partners and its employees. The best of accountants, economists, lawyers, analysts, technology and medical professionals who work in our Firm, are the top graduates of the leading universities in Israel and overseas, and some are members of the faculties of these institutions.

The Firm’s services include: auditing, taxation, auditing of IRM systems, due diligence, valuations, consulting and business development, guiding the raising of capital, market research, employee compensation packages, cost/benefit analyses, etc.
www.kpmg.com

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KPMG

Morgan Lewis & Bockius
Dr. Christian Zschocke,
Managing Partner

Founded in 1873, Morgan, Lewis & Bockius LLP (“Morgan Lewis”) is one of the largest law firms in the US and has developed to a leading international firm with a total of over 1,100 fee-earners, based at 13 offices in the US, Europe and the Far East. The firm’s German practice group consists of lawyers located in Frankfurt, New York, Washington, Philadelphia and London, all of whom speak fluent German.

Morgan Lewis’ Frankfurt Office: The Frankfurt office is staffed by German and American lawyers, primarily assisting corporate clients in cross-border transactions involving Germany, the United States and the EU. Its practice areas comprise Corporate Law (including M&A and, in particular, Takeover Law), Financial Services, Technology as well as European and German Antitrust Law. The firm also acts as outside general counsel on US law to European companies and their US subsidiaries. The clients of the Frankfurt office range from some of the largest multinationals to start-up companies.
www.morganlewis.com

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Morgan Lewis

PolyTechnos Venture-Partners
Mr Eric Achtmann,
Partner

PolyTechnos Venture-Partners GmbH (“PolyTechnos”) nurtures revolutionary technologies and guides exceptional entrepreneurs in growing their businesses. Founded in 1998, PolyTechnos focuses on start-up and early stage, high-growth companies in the areas of Life Sciences, IT, Communications, Materials & Components, and particularly their interfaces. Geographical focus: Germany and other European countries. PolyTechnos’ Investment Team consists of highly experienced industry leaders. Its team composition combines deep technological understanding, senior executive experience and a wide international network. PolyTechnos provides value-added services to the portfolio companies of its advised funds. This includes strategy formulation, top-level industry networks, intellectual property positioning, corporate governance, and human resource development. With Headquarters in Munich/Germany, PolyTechnos has additional offices in Frankfurt/Germany and Brussels/Belgium.
www.polytechnos.com

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PolyTechnos

Schroder Salomon Smith Barney
Stephen Murphy,
Managing Director

Citigroup Corporate & Investment Bank successfully combines a bulge-bracket investment bank – Schroder Salomon Smith Barney (SSSB) – with a world class commercial bank – Citibank. Citigroup is the world’s largest global financial services company with a market capitalisation of approximately $250bn. Its businesses provide a broad range of financial products and services to almost 150 million consumers and corporate customers spanning five continents and more than 100 countries. Increasingly, corporate and other institutional clients want a total solution for their financial requirements (one-stop shopping). Citigroup, with the global network of its commercial bank, is able to combine its balance sheet strength with the investment banking expertise of SSSB and delivers just this.

Our record core income of $14.14bn for the year 2000 made us one of the most profitable companies in the world. International Financing Review named Citigroup “Bank of the Year” for the second year in a row claiming “in the recent history of investment banking and capital markets, no firm has come close to demonstrating quite as much year-on-year progress in such a visibly compelling way.
www.salomonsmithbarney.com

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SSSB

SWX Swiss Exchange
Frances Bornstein,
Deputy Head SWX New Market,

Financing Growth on the SWX New Market
The high growth segment on the SWX Swiss Exchange

The SWX Swiss Exchange is one of the world’s leading and most technologically advanced securities exchanges. In 1996, floor-based trading in Switzerland was supplanted by electronic trading. This fully automated trading, clearing and settlement system remains unique in the world. At the click of a mouse, an order is executed, cleared, paid for and confirmed. The SWX Swiss Exchange offers its customers first-rate securities exchange services and a broad range of investment products.

The SWX New Market provides innovative, international growth companies – primarily from the life science, IT as well as the micro- and nanotechnology industries – with access to the Swiss capital market. A public offering in this segment affords issuing companies a high degree of global visibility among investors, especially those with a heightened interest in these sectors. An IPO in Switzerland represents an attractive means of obtaining equity financing.
E-mail: swx-newmarket@swx.com
www.swx.com

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SWX Swiss Exchange

TVM Techno Venture Management GmbH
Friedrich Bornikoel,
CEO

TVM, founded in 1983, is one of the first venture capital funds formed in Germany, and a leader in transatlantic operations. The German-U.S. venture capital company has offices in Munich, Boston and San Francisco. For many years, TVM has focused on information technology and life sciences, high growth sectors where innovation, effective management and sound financial backing have enormous impact on company growth. TVM funds have made investments in 200 technology companies in Europe and the United States. A pivotal objective is to create transnational businesses that enjoy access to science, management talent and capital on both sides of the Atlantic.
www.tvmvc.de

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tvm

Westminster Securities Corporation
Ivy Lindstrom Fredericks,

Managing Director of Corporate Finance

Westminster Securities Corporation provides comprehensive professional investment services for individual and institutional clients. Founded in 1971, Westminster is a member of the New York Stock Exchange (NYSE), National Association of Securities Dealers (NASD), and the Securities Investor Protection Corporation (SIPC).

Westminster is a full service brokerage firm operating in three principal areas: Retail & Institutional Account Management, Execution Services, and Investment Banking. The Firm provides professional executions for investors and investment professionals interested in trading in virtually every financial market, including offering access to the floor of the New York Stock Exchange through its Direct Access system.

Westminster additionally assists companies by creatively structuring solutions to meet their complex financing needs, via public and private equity offerings, debt offerings, mergers and acquisitions, financial restructuring, and general financial advice. The Firm offers access to global capital markets through its offices in New York and affiliates in cities around the world.
www.westminsterUSA.com

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