< 2004 News Listings Broadband Technology Company Secures $20 Million in Series C Round SAN JOSE, CA November 11, 2004 BroadLogic Network Technologies, a supplier of semiconductor chipsets to the broadband industry, today announced the completion of its Series C round of funding totaling $20 million led by Time Warner Investments and Rho Ventures. Also joining in the round are previous BroadLogic investors Cisco Systems and Intel Capital as well as August Capital, CDIB Venture Management, Levensohn Venture Partners, Presidio Venture Partners, and Walden International. "We're delighted to lead this round of financing to help BroadLogic realize its full potential," said Rachel Lam, Vice President and Group Managing Director of Time Warner Investments. "Time Warner recognizes BroadLogic as a promising strategic partner and believes BroadLogic's WideBand technologies have the potential to provide a basis of competitive advantage, particularly for our Time Warner Cable business, for a faster and increasingly seamless delivery of next generation digital video and IP services." "We are impressed by BroadLogic's innovative technologies and the prospect of delivering competitive advantages to the broadband cable industry," added Mark Leschly, managing partner for Rho Ventures. "BroadLogic highly values the continued funding of our new and existing investors as we work to deliver first-to-market solutions and expand our position in the global broadband market," said BroadLogic President and CEO Tony Francesca. "As a recognized leader in driving technological advances within the cable industry, Time Warner's investment is strategically imperative in validating our efforts as their cable subsidiary will ultimately be the end user of our technology." ABOUT THE INVESTORS Time Warner Investments The Time Warner Investments group targets non-control strategic investments that have a clear impact on our divisional operations and directly enhance Time Warner's ability to meet specific strategic goals. These strategic goals include the delivery of new services, enhancement of an existing product, entry or expansion into a key strategic market, completion of a strategic partnership, and critical research and development. For more information see www.timewarnerinvestments.com. Rho Ventures Rho has been an active venture capital investor since their inception in 1981 with venture capital funds managed to date exceeding $1 billion. Rho diversifies their investments across various high growth sectors, including information technology, telecommunications, the Internet and healthcare, and they invest throughout all stages of a company's development from seed to mezzanine rounds. They have invested in over 170 venture stage companies and have helped build industry leaders in all of the sectors in which they have invested. About BroadLogic Network Technologies Headquartered in San Jose, California, BroadLogic designs and supplies breakthrough semiconductor technologies that enable broadband network operators to offer next-generation digital video, voice and data services. BroadLogic's patented technologies act as broadband engines to power subscriber-premises devices such as ultra-high-speed cable modems, advanced digital set-top boxes, DVRs, and new service platforms. By enabling these devices to simultaneously process an order of magnitude more bandwidth than conventional approaches, BroadLogic's WideBand technologies unlock the true potential of broadband networks. For more information please visit, www.broadlogic.com.
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