Greylock® Appoints Moshe Mor As General Partner, Expands European, Israeli Investment Strategy

Will increase focus on Israel as source of high-quality opportunities;

Boston, Ma and San Mateo, Ca—January 27, 2003
Greylock®, a leading early-stage venture capital firm with more than $2.2 billion in committed capital under management, today announced the appointment of Moshe Mor as general partner, effective immediately. Mor, an Israeli entrepreneur and former CEO of SPL WorldGroup, a global enterprise software company, was formerly a venture partner with Greylock and spearheaded the firm’s investment efforts in foreign early-stage technology companies in the past 18 months, resulting in three investments in Israel and one in Ireland. In his new role, Mor will lead a Greylock initiative to increase its focus on early-stage Israeli ventures, while continuing its partnerships with leading venture capital firms in the region. Mor’s appointment demonstrates Greylock’s ongoing commitment to global early-stage investment opportunities in enterprise software and communications sectors, and continues the firm’s 37-year old heritage of helping to build world-class enterprises. “We are very excited to announce the appointment of Moshe as a general partner with Greylock,” said Aneel Bhusri, managing partner of Greylock based in San Mateo. “His strong company-building experience, vast global network of contacts, and proven ability to work with start-up management teams make him a strong addition to the Greylock team.” Since mid- 2001 Mor has spearheaded Greylock’s investment activities in Israel and Europe along with key local venture capital partners, culminating in investments in HyperRoll, an Israeli-founded provider of high-speed, high-performance aggregation and analytics engine for database systems, co-invested with Sequoia Capital; Siliquent, an Israeli-based developer of innovative processors for the storage network applications industry, co-invested with Benchmark Capital;  Cash-U, an Israeli-based developer of a leading platform for mobile entertainment applications, co-invested with Pitango and Fidelity Ventures; and Cape Clear, an Ireland-founded software firm and maker of a leading platform and rapid development environment for Web services, co-invested with Accel Partners in Europe. “I am very pleased with my new role and with the opportunity to expand Greylock's commitment to Israeli and European entrepreneurs,” said Moshe Mor. “Greylock has committed itself to a strategy of partnering with leading, locally-based venture capital firms in our investments in Israel and Europe. We believe that this strategy, combined with the increased focus of Greylock on this initiative, is providing significant tangible benefits to promising early-stage companies from these regions.” About Moshe Mor Moshe Mor first joined Greylock as CEO-in-Residence in December 2000 and was appointed venture partner in September 2001. Previously Mor was a founding member of SPL WorldGroup, one of the largest Israeli-related software firms and a leading international provider of enterprise software and services with operations spanning Europe, Asia Pacific and the United States. Beginning in 1995 Mor led SPL as its CEO through a time of rapid expansion to reach 1,000 employees and $150 million in revenues worldwide. Prior to SPL WorldGroup, Mor held management positions in software companies in diverse stages, from start-ups to large established players. He also served six years in the Israeli Army as a Captain in the Military Intelligence branch. Mor holds a BS degree in Economics from Tel Aviv University and an MBA from Harvard Business School, where he was a Baker Scholar. About Greylock Founded in 1965, with offices in Boston and San Mateo, Greylock is one of the nation’s largest early-stage venture capital firms with over $2.2 billion in committed capital. The firm focuses on early stage investments in enterprise information technologies, including core technologies, enterprise applications, and managed services; and communications technologies, including systems, components, software and services. Greylock’s strategy is to work in a highly supportive way with entrepreneurs who are committed to building long-term value in companies that aspire to be leaders in their markets. Over the past 37 years Greylock has provided equity capital and support to more than 250 developing companies, many of which have gone on to become leaders in their respective industries. Greylock has sponsored more companies to successful initial public offerings than any other early-stage venture firm, with over 120 total, and has been lead or co-lead investor in most of these companies. More than 80 other Greylock portfolio firms have successfully merged with other leading companies. Greylock's early-stage investments in recent years have included Storage Networks, Corio, Xros (now part of Nortel), Sirocco Systems (now part of Sycamore Networks), Octane (now part of E.piphany), Red Hat, Phone.com (now Openwave ystems), Internet Security Systems, DoubleClick, Open Market, Kiva Software (now part of Netscape), CheckFree, Cygnus (now part of Red Hat), Forte Software (now part of Sun Microsystems), Legato, Media One (now part of AT&T) Trilogy, Teradyne, Tellabs, Avid Technology, Clarus, Xircom (now part of Intel), and Ascend Communications (now part of Lucent),.  For more information, visit www.greylock.com.