FREMONT, CA
market WIRE
September 20, 2005

Everdream Corporation, the leading provider of hosted Desktop Management Services, today announced the completion of $20 million in Series F funding with Rho Ventures and Canaan Partners leading the round, joined by existing investors Draper Fisher Jurvetson, Portage Ventures and New World Ventures. Everdream will use the funding to spearhead the expansion of its sales, marketing, and engineering organizations as well as continue to enhance its already leading-edge technological platform and services offering.

"This funding will enable us to capitalize on the growing awareness of, and demand for, desktop management solutions offered as a service, and to continue to develop our product and operations to meet that demand," said Mark Hoffman, chairman, president and CEO of Everdream.

"We are delighted by the continued support of our investors, and look forward to further capitalizing on their value add to take the company to the next level."

Everdream Desktop Management solutions enable companies of all sizes to more efficiently manage, secure and support their PC infrastructure. Delivered as a web-based service, Everdream's solutions deploy rapidly and allow for the management of PCs regardless of location. With no additional hardware, software or capital expenditures, the service offers significant cost savings relative to the traditional licensed software model.

"Our investment in Everdream reflects our confidence in the management of the company and the validity of its business model," said Skip Besthoff, principal, Rho Ventures. "The cost savings and productivity gains associated with the company's hosted monthly subscription services make Everdream's solution very attractive, and the opportunities for partnerships and product advancements will continue to differentiate Everdream from the rest of the industry."

About Canaan Partners
Canaan Partners is an early-stage investor and creates next-generation companies in Internet infrastructure, communications, software and services, medical devices, biological sciences, pharmaceuticals and diagnostics. Founded in 1987, the firm has invested in more than 210 companies, completed 52 mergers and acquisitions, and taken 45 companies public. Canaan was an early investor in Dexcom (DXCM), DoubleClick (DCLK), CommerceOne (CMRC), Copper Mountain Networks (CMTN), Esperion (ESPR), Immunicon (IMMC), International Network Services (INSS), ONI Systems (ONIS), and Peninsula Pharmaceuticals, along with dozens of other market-leading companies. Canaan has offices in Menlo Park, California and Rowayton, Connecticut.

About Rho Ventures
Rho has been backing venture-stage companies in the U.S. since its inception in 1981. Venture capital funds under management currently exceed $1.5 billion. Rho Ventures has invested in over 160 venture-stage companies and helped build market leaders across many high growth industries. Previous investments include: Ciena Corporation, Commerce One, Compaq Computer Corporation, Diversa Corporation, Human Genome Sciences, Inc., iVillage, Lukosite (currently part of Millenium Pharmaceuticals), MedImmune, Inc., NitroMed, Senomyx, Tercica, Tripod (currently part of Lycos) and Vicuron. More information on Rho can be found at www.rho.com.

About Everdream
With over 140,000 seats under management, Everdream Corporation is the leading provider of hosted Desktop Management services that manage, secure, and support businesses' PCs, allowing companies to focus on their own core competencies. Through the innovative web-hosted Everdream Control Center, customers receive Software as a Service enabling them to receive hardware and software asset life-cycle support, virus protection, data backup, automated software updates, patch management, and help desk services. Through Everdream's proprietary and patented technology, customers, whether located on the corporate campus or remotely, have access to Everdream's services. This greatly simplifies IT operations while reducing costs and improving service levels.

With operational facilities in Fremont, California, Dallas, Texas, and Charlotte, North Carolina, Everdream manages desktops for companies in 60 countries across the globe, including ADP, FedEx, Korean Airlines, Brocade Communications, Salesforce.com, Sonic Automotive, Midas, Sylvan Learning Centers, and many others. Everdream can be reached at www.everdream.com or at 888-307-7299.

Company Contact:
Dave Dalton Everdream Corporation (510) 818-5552
ddalton@everdream.com

Press Release Contact:
Lisa Bergamo: Bergamo Communications (650) 380-9250
lisa@bergamocomm.com