2007'02.01.Thu
Raza Microelectronics, Inc. Secures $20 Million in Strategic Venture Funding

April 05, 2006

Company Building upon Significant Customer Success in Security, Wireless and Networking Markets
CUPERTINO, Calif., April 5 /Xinhua-PRNewswire/ -- Raza Microelectronics, Inc. (RMI(R)), a worldwide leader in advanced silicon solutions for the next generation Information Infrastructure, today announced the completion of a $20 million round of financing led by Advanced Equities Financial Corp. This funding will accelerate RMI's marketing and sales expansion in both North America and Asia and build on the significant customer momentum the company has enjoyed over the last year. Joining lead investor Advanced Equities Financial Corp. in this round of funding are existing RMI investors, Warburg Pincus, Benchmark Capital, Duff Ackerman & Goodrich and Kodiak Venture Partners. "RMI has created a position of market leadership in a short period of time and we are thrilled to be a shareholder in such a technically advanced, rapidly growing semiconductor company," said Keith Daubenspeck, Chairman and Co-founder of Advanced Equities Financial Corp. "The impressive depth and breadth of their worldwide customer base and technology uniqueness confirms that RMI is extremely well positioned to further its lead in the next-generation Security, Wireless and Networking markets." Commenting on the new financing, Beau Vrolyk, a Warburg Pincus managing director, said: "This round of funding will help drive the company's expansion with strategic customers and we look forward to RMI's continued success in the market." Bruce Dunlevie, general partner of Benchmark Capital, added, "We are pleased to welcome Advanced Equities as an investor in RMI, and Advanced Equities' track record of identifying and supporting pre-public market leaders as another important endorsement of RMI's past success and strong future prospects." "This financing reinforces RMI's position in the industry, and confirms to our customers that their choice of RMI as a supplier has been validated yet again by the capital markets," said S. Atiq Raza, chief executive officer, Raza Microelectronics, Inc. "As the leader in silicon solutions for the next generation Information Infrastructure, we continue to invest in technical advancements, expand our market coverage, and deliver exceptional customer support, growing our market position and ensuring our customers' success." RMI's products push the edge of processor technology in performance and integration and are used by system and original equipment manufacturers to quickly respond to changing market needs. The company's XLR(TM) and Orion(TM) processor families are complex, highly integrated designs incorporating hundreds of millions of transistors and built on leading-edge TSMC silicon process technologies. About Raza Microelectronics, Inc. (RMI) RMI(R) is a fabless semiconductor company with more than 150 employees dedicated to the design, development and sale of its semiconductor products. The company offers a rich portfolio of solutions, led by the XLR(TM) Processor family -- a power efficient solution optimized for embedded communications and networking applications -- and solutions for the next generation Information Infrastructure. The company is headquartered in Cupertino, CA with subsidiaries in Beijing and Shenzhen, China and in Bangalore, India. More information about Raza Microelectronics, Inc. can be found on the Company's website at http://www.razamicroelectronics.com . About Advanced Equities Advanced Equities Financial Corp. is a progressive full-service broker-dealer and venture capital investment bank. Advanced Equities' Financial Services Group is one of the 20 largest independent brokerage firms in the U.S., with approximately 600 financial advisors providing retail brokerage services from over 200 domestic branch locations and over $14 billion in client assets. Advanced Equities' Capital Markets Group is a leading provider of late stage private equity financing and other investment banking services to emerging technology companies. About Warburg Pincus Warburg Pincus has been a leading private equity investor since 1971. Throughout its 40-year history in private equity, Warburg Pincus has invested at all stages of a company's life cycle, from founding start-ups and providing growth capital to leading restructurings, recapitalizations and buy-outs. The firm currently has approximately $12 billion under management and invests in a range of sectors including information and communication technology, financial services, healthcare, LBOs and special situations, media and business services, energy and real estate. Warburg Pincus has raised 11 private equity investment funds which have invested more than $22 billion in approximately 525 companies in 30 countries. Currently the firm is investing from an $8 billion fund which closed in August 2005. An experienced partner to entrepreneurs seeking to create and build durable companies with sustainable value, Warburg Pincus has offices in North America, Europe and Asia and an active portfolio of more than 100 companies. Warburg Pincus has invested approximately $5 billion in more than 140 technology companies, including BEA Systems; VERITAS Software [now Symantec]; Zilog; Datang Microelectronics; Level One Communications and RMI. For more information please visit http://www.warburgpincus.com . About Benchmark Capital Benchmark Capital was founded in 1995 with the mission of helping talented entrepreneurs build major technology enterprises focused on long-term growth. Benchmark takes a labor-intensive, team-oriented approach to venture investing in order to deliver a superior level of service to its portfolio companies. Benchmark's portfolio includes franchise companies such as Ariba, eBay, Palm, Inc., Juniper Networks and Red Hat. NOTE: Raza Microelectronics, RMI, the RMI logo, XLR, Orion and the other trademarks named on the RMI website are trademarks of Raza Microelectronics, Inc. All other trademarks are the property of their respective owners. For more information, please contact: Kaye McKenzie, Quatrain PR Tel: +1-415-927-7365 D. Christopher Keil, Sr. Director, Corporate Marketing of Raza Microelectronics, Inc. Tel: +1-408-434-5700 SOURCE Raza Microelectronics, Inc.
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