FatPipe Networks Successfully Secures Monies to Complete Second Round of Funding

Wasatch Venture Fund, The Canopy Group and EnCompass Ventures Join Timothy Draper and Others in Second Round of Funding for Internet Access Software Company

Salt Lake City, Utah: Jun 06, 2000 - Ragula Systems, Inc., dba FatPipe® Networks, a leading provider of mission critical Internet access software, announced the completion of its second round of venture capital funding. The investments, amounting to 8.1 million, will provide for the continued growth of the Salt Lake City based company. Venture investors include Timothy Draper of Draper Fisher Jurvetson (DFJ), EnCompass Ventures, Wasatch Ventures, Kling Jelko and Dr. Dehmel, and Odyssey Ventures, led by Shigeru Masuda. Other venture capitalists include the Canopy Group, ComVest Capital, Odyssey Capital Partners, Lakefield Ventures, Steele FatPipe Partners, and individuals from Lehman Brothers and Bear Stearns.

"FatPipe’s technology and market positioning make it an excellent candidate for growth," said Timothy Draper, president of DFJ. "FatPipe’s innovative products for reliable and speedy Internet access sets FatPipe apart from the pack, which is why we have supported it’s growth through this second round of funding."

"Our first round of funding including investments from Timothy Draper, Wasatch Venture Fund and Zeron Group, enabled our company to research and develop our patent-pending technology," said Dr. Ragula Bhaskar, president and CEO of FatPipe Networks. "Their continued support will allow us to proceed with our aggressive sales and marketing efforts." FatPipe has recently expanded its sales and marketing teams as a result of its funding.

FatPipe’s latest product, XTREME, is an appliance which aggregates any combination of multiple T1, Wireless, DSL and/or ISDN connections over multiple ISP’s and backbones, to provide up to three times the reliability, redundancy and speed of a company’s current Internet connection. FatPipe’s SOHO product, Internet Accelerator, combines from 2 to 4 analog and/or digital lines resulting in high speed Internet access (112K-224K) to be shared over a LAN. FatPipe recently released its DSL/Cable edition, which allows for secure sharing of Internet connections over a LAN using a single DSL connection.

FatPipe has established partnerships with major software and hardware companies including Nortel Networks (NYSE:NT), US West (NYSE:USW), Digi International (NasdaqNM:DGII), AMD (NYSE:AMD), Hewlett-Packard (NYSE:HWP), and Novell (NasdaqNM:NOVL).

About FatPipe Networks
FatPipe products provide redundancy, reliability and speed for mission critical Internet connectivity to small and medium sized companies and branch offices. FatPipe’s patent pending technology, "Redundant Array of Inexpensive Lines," transmits data over multiple lines either with direct point to point connections or over the Internet using the Internet as the company’s backbone. It enables companies to achieve higher bandwidth, and high levels of redundancy, by utilizing multiple ISP’s and backbones. www.fatpipeinc.com

Contact
Alisanne Casey, FatPipe Networks, 801-281-3434 ext. 2226 (work), 801-557-3569 (cell), alisanne@fatpipeinc.com