TEMPE, Arizona, July 10, 2000 – Software developer NeoPlanet Inc., today announced it has garnered $23 million in a second round of funding from venture financiers including Integral Capital, J&W Seligman, Constellation Ventures, Broadview and various existing and new investors.

“NeoPlanet is entering a new period of development and expansion with the backing of world-leading investment firms,” said Drew Cohen, president and CEO, NeoPlanet Inc. “As the value of a strong desktop presence becomes more important to media and technology leaders, NeoPlanet is developing a suite of private label solutions based on persistent clients.”

NeoPlanet’s customers and distribution partners currently include Lycos, USA Networks, MTV, Universal Pictures, Interscope Records, New Line Cinema, Network Associates and other media and technology leaders. Since January 1999, NeoPlanet software has reached the desktops of more than 5 million Internet users, and the company has raised a total of $41 million in venture financing.

“NeoPlanet’s enhanced browser and other persistent client products afford its partners a powerful medium for building brands, growing traffic, and capitalizing on previously inaccessible one-to-one marketing opportunities,” said Neil Strumingher, partner at Integral Capital Inc. “Integral Capital is proud to support NeoPlanet’s strategic vision as the company emerges as the leading provider of enhanced browser products and services.”

Additional participants in NeoPlanet’s second round of financing include CIT Venture Capital, Wheatley Capital, Northstar Capital Partners, Winfield Capital Corp., Valhalla Capital, Stephens Group, Inc. and The Acorn Fund.

NeoPlanet’s $23 million in second round financing is slated to help drive the company’s expansion and development in the enhanced browser and persistent client market, funding strategic infra-structural development and key new product and marketing initiatives.

About NeoPlanet
NeoPlanet combines content, communications and community to bring the best of the Internet to the consumer's desktop. The company allows users to reflect their own "Internet Fashion" by customizing NeoPlanet's Internet Desktop through personalized "skins." NeoPlanet features a built in directory of user customizable Content Channels featuring Lycos' leading Internet content allowing users to personalize their surfing experience. Distribution channels include ISPs, OEMs, Web sites and direct marketers. NeoPlanet is free and easy to download at NeoPlanet, Inc. patent pending.

About Integral Capital
Integral Capital Partners operates a family of partnerships that invests in expansion-stage private and growth-stage public companies in the information technology and life sciences industries. Integral is an active investor, both in the venture and public stages and operates with the extended resources of a network that includes Kleiner Perkins Caufield & Byers, Silver Lake Partners, and a wide variety of the industry’s premier venture capital firms. Integral Capital is headquartered in Menlo Park, California.

About J&W Seligman
For more than 136 years, J&W. Seligman & Co. has consistently provided its clients with investment strategies that seek to manage risk and build wealth over time. Since its founding in 1864, the firm has played a pivotal role in the development of US financial markets. Today, the firm manages more than $40 billion in assets and offers a full range of investment products and services designed to help both individual and institutional investors seek to achieve their long-term financial goals. J&W Seligman is headquartered in New York City.

About Constellation Ventures
Constellation Ventures is a $100 million venture capital fund investing in early to mid-stage companies that capitalize on the convergence of media, communications and technology. Constellation Ventures aims to bridge the gap between creativity and technology, investing in content networks and enabling technologies that leverage multiple digital distribution systems. Based in New York City, Constellation Ventures is the venture capital arm of Bear Stearns Asset Management.

About Broadview
Broadview is a leading global financial services firm focused exclusively on the IT, communications and media industries. Our network of nearly 300 employees and our affiliates operate across North America, Europe, Asia and Australia, Broadview International provides clients with advice on merger and acquisition transactions, restructuring and private financing. The firm is also a private equity investor in these industries in the US and Europe.

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