OUTLOOK VENTURES PROMOTES SANDEEP ANEJA TO VENTURE PARTNER

SAN FRANCISCO, CA — February 28, 2006 — Outlook Ventures, a technology venture capital firm with $225 million under management, today announced the promotion of Sandeep Aneja to venture partner. As a venture partner, Aneja will be pursuing opportunities in areas of interest to the firm, such as software-as-a-service and technology-enabled services, and increasing his involvement in managing investments.

"As a key member of our team in the associate and principal roles over the past four years, Sandeep Aneja has done an outstanding job of sourcing and researching opportunities for Outlook" commented Carl Nichols, Outlook Venture's managing director and co-founder, "Sandeep has provided tremendous value to our portfolio companies, and we look forward to his expanded participation, affording Outlook more investment capacity for existing and future funds."

Aneja is currently a board observer for Bridgestream and GraniteEdge Networks and was an observer for LassoLogic (acquired by Sonic Wall in November, 2005). As a board observer, he has assisted executive teams by leveraging his network of resources. "Sandeep Aneja has been instrumental in helping us refine our strategy as well as making valuable customer and partner introductions," noted Mark Tice, CEO of Bridgestream.

Before joining Outlook Ventures, Sandeep Aneja spent five years helping technology start-ups prosper. Most recently he was director of business development and product marketing at ActionBase Corporation, a venture-backed provider of enterprise class project and process execution software platform. At ActionBase he was responsible for identifying new market opportunities, building new partnerships and leading the delivery of professional services to Fortune 1000 and government clients. Prior to ActionBase, Aneja was at Wingspring, a venture catalyst firm, where he was responsible for analyzing market opportunities, conducting due diligence and assisting portfolio companies. Previously, Aneja was a management consultant at Booz Allen & Hamilton and Hagler Bailly where he led project teams in high-profile technology assessment assignments. Aneja holds a Master of Business Administration degree from Stanford University and a Bachelor of Science degree in engineering from the University of Delaware.

About Outlook Ventures
Established in 1996, Outlook Ventures actively invests in promising next-generation software companies on the West Coast. Outlook is one of a small handful of software-focused venture capital firms. The firm raised its current $140 million fund in late 2002. The Outlook Ventures team utilizes their operations backgrounds, depth of software experience, and network of industry resources to assist in building each individual portfolio company. As a result, Outlook has delivered returns in the top quartile of all venture funds and, more importantly, has helped those entrepreneurs achieve profound impact on their industry sectors. Please visit: www.outlookventures.com for more information.

Contact: Jennifer Kammeyer
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