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Fidelity Ventures Expands Investment Team with Two New Associates October 26, 2006 Fidelity Ventures, a firm specializing in technology investments at the “Go-to-Market” phase of a company’s lifecycle, today announced the appointments of Shyam Kamadolli and Joshua Maxey as associates. Fidelity Ventures now has a team of 16 investment professionals in the United States and London, and currently manages more than $800 million in venture capital. Kamadolli and Maxey will work with Fidelity Ventures’ partners in the United States and London to identify new investment opportunities in technology areas such as open source software, wireless infrastructure, home networking and the data center. Additionally, both associates will leverage Fidelity Investments’ knowledge of the consumer marketplace to find investment opportunities in leading-edge companies that utilize technology to deliver behavior-changing consumer services. Fidelity Ventures recently invested in two companies in this market: Prosper, an online peer-to-peer lending marketplace and Xoom, an online-to-offline international money transfer service. “As investment opportunities and deal flow continue to increase in quality and quantity, it’s more important than ever to build a diverse, deep and experienced investment team,” said Robert C. Ketterson, Fidelity Ventures’ managing partner. “Shyam’s entrepreneurial experience and Joshua’s analytical expertise strengthen our ability to identify and support global companies -- across multiple industries and sectors -- that have the potential to become category leaders.” Prior to joining Fidelity Ventures, Kamadolli led worldwide business development for the data security division of RSA Security, Inc., where he seeded and developed the strategic relationship which resulted in the acquisition of RSA by EMC, Corp. From 2001 to 2004, Kamadolli developed and delivered “go-to-market” strategy consulting services to Fortune 500 and start-up companies such as AIG, Cricket Technologies and CEOExpress.com, as part of Progress Partners LLC, a boutique consulting group. He also co-founded NetMorf, Inc., a wireless application deployment platform, where he was CTO, early-stage CEO and chairman of the board. His prior experience also includes working with Fidelity Investments as a project lead in equity trading systems. Kamadolli received a bachelors degree in Computer Engineering from the University of Bombay, a Masters of Science in Electrical Engineering from Clarkson University, and Masters in Business Administration degrees from both the London Business School as well as Columbia Business School. Prior to his new role with Fidelity Ventures, Maxey was vice president and head of Gerson Lehrman Group’s International Technology, Media and Telecommunications (TMT) practice, where he was responsible for building the entire TMT research platform consisting of a network of over 6,000 industry experts in Europe and Asia. From 2001 to 2003, Maxey was an equity research analyst with Banc of America, focusing on the European semiconductor industry. Prior to that, he was an associate with the Offshore Funds and Strategic Planning Group with Goldman Sachs Asset Management in London, where he built the offshore funds platform, delivering asset growth from $5 billion to $20 billion. A chartered financial analyst, Maxey received a PhD in coding strategies for CDMA and OFDM technologies in 3G/4G applications from the University of Bath in the U.K. About Fidelity Ventures Fidelity Ventures invests in technology companies at the "Go-To-Market" stage. Its 40- year track record includes hundreds of successful investments in the consumer, communications, systems and software markets. Fidelity Ventures is distinguished by the ability to accelerate market adoption for its portfolio companies’ offerings, and by a global network of senior technology and business executives. Fidelity Ventures actively manages over $800 million from offices in Boston and London. Sister fund Fidelity Asia Ventures manages over $220 million from Shanghai and Hong Kong. For more information, visit www.fidelityventures.com.	Download Press Release

Fidelity Ventures Expands Investment Team with Two New Associates

October 26, 2006

Fidelity Ventures, a firm specializing in technology investments at the “Go-to-Market” phase of a company’s lifecycle, today announced the appointments of Shyam Kamadolli and Joshua Maxey as associates. Fidelity Ventures now has a team of 16 investment professionals in the United States and London, and currently manages more than $800 million in venture capital.

Kamadolli and Maxey will work with Fidelity Ventures’ partners in the United States and London to identify new investment opportunities in technology areas such as open source software, wireless infrastructure, home networking and the data center. Additionally, both associates will leverage Fidelity Investments’ knowledge of the consumer marketplace to find investment opportunities in leading-edge companies that utilize technology to deliver behavior-changing consumer services. Fidelity Ventures recently invested in two companies in this market: Prosper, an online peer-to-peer lending marketplace and Xoom, an online-to-offline international money transfer service.

“As investment opportunities and deal flow continue to increase in quality and quantity, it’s more important than ever to build a diverse, deep and experienced investment team,” said Robert C. Ketterson, Fidelity Ventures’ managing partner. “Shyam’s entrepreneurial experience and Joshua’s analytical expertise strengthen our ability to identify and support global companies -- across multiple industries and sectors -- that have the potential to become category leaders.”

Prior to joining Fidelity Ventures, Kamadolli led worldwide business development for the data security division of RSA Security, Inc., where he seeded and developed the strategic relationship which resulted in the acquisition of RSA by EMC, Corp. From 2001 to 2004, Kamadolli developed and delivered “go-to-market” strategy consulting services to Fortune 500 and start-up companies such as AIG, Cricket Technologies and CEOExpress.com, as part of Progress Partners LLC, a boutique consulting group. He also co-founded NetMorf, Inc., a wireless application deployment platform, where he was CTO, early-stage CEO and chairman of the board. His prior experience also includes working with Fidelity Investments as a project lead in equity trading systems. Kamadolli received a bachelors degree in Computer Engineering from the University of Bombay, a Masters of Science in Electrical Engineering from Clarkson University, and Masters in Business Administration degrees from both the London Business School as well as Columbia Business School.

Prior to his new role with Fidelity Ventures, Maxey was vice president and head of Gerson Lehrman Group’s International Technology, Media and Telecommunications (TMT) practice, where he was responsible for building the entire TMT research platform consisting of a network of over 6,000 industry experts in Europe and Asia. From 2001 to 2003, Maxey was an equity research analyst with Banc of America, focusing on the European semiconductor industry. Prior to that, he was an associate with the Offshore Funds and Strategic Planning Group with Goldman Sachs Asset Management in London, where he built the offshore funds platform, delivering asset growth from $5 billion to $20 billion. A chartered financial analyst, Maxey received a PhD in coding strategies for CDMA and OFDM technologies in 3G/4G applications from the University of Bath in the U.K.

About Fidelity Ventures

Fidelity Ventures invests in technology companies at the "Go-To-Market" stage. Its 40- year track record includes hundreds of successful investments in the consumer, communications, systems and software markets. Fidelity Ventures is distinguished by the ability to accelerate market adoption for its portfolio companies’ offerings, and by a global network of senior technology and business executives. Fidelity Ventures actively manages over $800 million from offices in Boston and London. Sister fund Fidelity Asia Ventures manages over $220 million from Shanghai and Hong Kong. For more information, visit www.fidelityventures.com.

Download Press Release