Core Capital Partners Announces a $35 Million Series D Funding for Portfolio Company - NexTone Communications

Core Capital Partners, a Washington, DC-based venture capital fund with more than $350 million under management, announced today that NexTone Communications one of its portfolio companies completed a $35 million Series D investment round. Core participated in this round with new investor One Equity Partners, and prior investors BCE Capital, Safeguard Scientific, Inc. (NYSE: SFE) and Mid-Atlantic Venture Funds. NexTone Communications is the leading supplier of distributed and intelligent session management solutions for voice over IP (VoIP) and other real-time IP services. NexTone has more than 370 carriers and enterprise customers worldwide, including tier one carrier customers in Latin America, Europe, Asia and North America. NexTone-based production networks carry over 50% of all long distance VoIP traffic in the world. "Core Capital's continued investment in NexTone, including participation in this new round of financing, is a strong validation of our leadership in the session management market and achievements to date," said Malik Khan, Chairman and CEO of NexTone. "Core Capital has been instrumental in supporting the development of the Company by helping guide strategic direction, develop financing strategies, and provide supportive board counsel." "NexTone continues to be at the nexus of the evolution to an all-IP network. Its session management products allow service providers and enterprises to deploy VoIP services in a reliable and scalable manner" said Pascal Luck, a Managing Director at Core Capital Partners. "This investment validates the progress the Company has made in the market and allows the company to expand its product into adjacent markets and customer segments." Core Capital led the Company's first institutional round in June 2002, and has participated in all four of the company's financing rounds. About Core Capital Core Capital Partners, LP is a $350 million venture fund headquartered in Washington, D.C. which provides capital to emerging technology companies located on Eastern Seaboard. Portfolio companies include InPhonic, Sourcefire, NexTone, buySAFE, sentitO Networks, Covega, Trinity Convergence, Trust Digital IXI, VPI and Core Communications. For more information on Core, please visit the fund's website: http://www.core-capital.com.

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