Business Wire
(Copyright (c) 2000, Business Wire)

MCLEAN, Va.--(BUSINESS WIRE)--Jan. 12, 2000--Linguateq, Inc, a leading provider of telecommunications integration management software, announced today that it has raised $7.8 million in financing from lead investor Polaris Venture Partners, and Generation Partners, two of the most prestigious venture capital firms in the country.

These strategic partnerships will provide Linguateq with the financial resources to expand and enhance its telecommunications integration product suite. Linguateq's products provide an advanced integration management platform that resolves data exchange problems for telecommunications service providers and their e-commerce partners.

"The new convergent telecommunications marketplace has created a tremendous opportunity for Linguateq to become the integrated communications software vendor of choice," said John May, Linguateq's Chairman and founder. "The continued venture interest in our company reinforces our conviction that Linguateq's products will play a key role in making the new breed of integrated telecommunications service providers competitive and profitable."

"A growing number of telecommunications service providers are looking to Linguateq to solve the many complex integration problems that are only partially being addressed by other vendors," said Jim Brown of lead investor Polaris Venture Partners. "We anticipate Linguateq to rapidly capture market share in the telecommunications data and application integration market."

"Linguateq is uniquely positioned to successfully address the complex integration problems facing the telecommunications service providers today," said John Hawkins, Generation Partners. "The patented design of Linguateq's TAI Studio product creates a unifed meta-architecture within the best-of-breed solutions set. It is the kind of expertise in the industry that sets them apart from the others."

Polaris Venture Partners is a group of experienced early-stage investors with a history of backing extraordinarily successful entrepreneurs developing internet, Networking, Information Technology and Life Science companies. With over $1 billion under management, Polaris provides deep domain experience industry contacts, and partnership to technology entrepreneurs.

Polaris-backed companies include: Akamai Technologies, Allaire, Centra Software, Classifieds2000, Exchange.com, Worldstream Communications, deCODE Genetics, Malibu Networks, and Kestrel Solutions. Polaris Venture Partners has offices in Boston, Seattle and Austin.

Generation Partners is a $165 million investment fund focused on providing equity capital for internet and information technology companies. Generation Partners has invested in a number of leading information technology companies including HotJobs.com, Promatory Communications, iAsiaWorks, OrderFusion, National Transportation Exchange, DiscoverMusic.com, and Driveway.com.

The firm has offices in San Francisco and New York.

Linguateq, Inc. is a privately held company based in McLean,Virginia. Linguateq provides a suite of integration management products that enable high-speed, reliable data exchange, regardless of hardware platform, communications protocol, exchange standard, data stream format, application vendor or technology infrastructure.

Linguateq's products enable customers and partners to ensure data integrity in integrated solution delivery, at a reduced cost and time to market. For more information, call 703/883-4499 or visit the Company's web site at www.linguateq.com.