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Press Releases
Nominum Completes $10 Million Funding Round
May 6 2002
REDWOOD CITY, CA., May 6, 2002 - Nominum, a pioneer of Internet name and address
management solutions, announced today the closing of $10 million in series B
venture capital funding. Bessemer Venture Partners and Morgenthaler Ventures led
the round, which brings Nominum's total raised capital to $15 million.
Formed by the team of engineers and scientists who created the Domain
Name System (DNS) and many of the standards on which the Internet is built,
Nominum provides integrated and scalable solutions for managing the names,
addresses, resources and services critical to an organization's online
operation. Nominum's enterprise customers include AT&T, Bear Stearns,
Bloomberg, New York Times, Social Security Agency, Sprint, Wal-Mart, and Yahoo!.
Nominum wrote and maintains the current open source versions of BIND (Berkeley
Internet Name Domain), and Dynamic Host Configuration Protocol (DHCP) software.
Global Name Service, Nominum's ICANN-certified DNS hosting platform, provides
the naming infrastructure for generic top-level domains, country top-level
domains, and large enterprises.
"Our belief in Nominum's solid product,
strategy, and management team is evident in our investment," said Ken Gullicksen
from Morgenthaler. "The team's experience as the original developers of the DNS
and DHCP standards demonstrates their ability to execute and to meet today's
requirements for the enterprise."
"Closing this significant investment
round in a difficult funding climate is a testament to the vision of our
investors, and underlines the important role that Nominum will play in the
management of network resources," stated Chris Risley, President and CEO of
Nominum. "The additional venture capital funding will be used to continue the
development of products and services to address the growing need for
enterprise-class name and address management solutions."
About
Nominum
Nominum is a pioneering provider of IP address infrastructure
software for enterprises that require reliable and secure DNS, DHCP and IP
address management for their mission critical networks. Nominum is driving the
future of IP addressing. For more information about Nominum, go to www.nominum.com.
Contacts:
Nominum, Inc.
Richard
Probst
650-381-6123
Richard.Probst@nominum.com
Interactive Public
Relations
Melissa Hourigan
415-391-1106 ext.
230
melissa_hourigan@ipri.com
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