Suns founders invests in swedish company Twobyfour Software

SUNS FOUNDERS INVESTS IN SWEDISH COMPANY TWOBYFOUR SOFTWARE Twobyfour Software, a leading developer of application management software for mission critical applications focused on Telecom, Bank and Finance, today announced the closing of a 2.000.000 USD round of venture capital financing. This first round of financing will enable Twobyfour to roll out its leading application management products by building up an international sales and marketing organization as well as fund ongoing product development. "This investment strengthens our ability to continue our international expansion. We have a growing demand for our products driven by the increased focus on infrastructure and reliability." said Ulf Zetterberg CEO of Twobyfour Software. The first round of financing led by OM also included an investment made by HighBAR Ventures, a venture partnership owned by Andreas Bechtolsheim, Bill Joy and Roy Sardiña. Bechtolsheim and Joy are co-founders of Sun Microsystems. Joy is Sun's chief scientist and served on Sun's executive committee, while Bechtolsheim now serves as Vice President & General Manager of the Enterprise Switching Group at Cisco Systems. Roy Sardiña is co-founder and chief executive officer of Ingrian Systems. Before Ingrian, Sardiña was co-founder of Tasmania Network Systems (Sold to Cisco Systems in November 1999), and a member of the founding management team for Brocade Communication Systems (NASDAQ: BRCD). "The investment in Twobyfour is the first ever for HighBAR Ventures outside US and comes when most venture capital companies reduces their investments." said Niklas Wretman CTO of Twobyfour Software and continues "The fact that we attract investors both from USA and Europe in this first round proves that there is a great potential in our products. "We have been working closely with Twobyfour and are using their technology in some of our solutions. Twobyfour is well positioned for leveraging the increased demand on building robust infrastructure," said Magnus Karlsson Böcker Head of Division Technology, OM. "We are very excited about our investment in Twobyfour as their technology is mission critical for most businesses today. Twobyfour's application management and monitoring software gives internet infrastructure companies a solid foundation for global environments." said Roy Sardiña. About OM. OM is a publicly listed company organised in three divisions; Technology, Transaction and Jiway. Technology contains OM's development and sales of technology. Within Transaction OM ownes and operates exchanges. Jiway is a joint venture between OM (60%) and Morgan Stanley Dean Witter (40%) and is the world's first fully integrated stock exchange. OM has operations in Europe, North America and Asia, with offices in 11 countries. The parent company, OM AB is listed on the OM Stockholm Exchange. For more information, please visit www.omgroup.com About Twobyfour Software AB. Twobyfour Software develops and markets software that guarantees reliability in critical business applications. Twobyfour Software's products are represented by selected partners and in its own offices in London, Paris, San Francisco and Stockholm. Twobyfour Software supplies products to some of the world's leading telecom, banking and finance companies. Twobyfour Software currently employs 42 people, the majority of whom are engaged in program development. The company has an estimated turnover of 100 million SEK for 2001. For more information please visit www.twobyfour.com FOR MORE INFORMATION PLEASE CONTACT: Ulf Zetterberg, CEO, Twobyfour Software AB Tel: +46 (0)708 23 63 58 e-mail: ulf.zetterberg@twobyfour.com Niklas Wretman, CTO, Twobyfour Software AB Tel: +46 (0)709 69 92 64 e-mail: niklas.wretman@twobyfour.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/02/20010502BIT00630/bit0003.doc http://www.bit.se/bitonline/2001/05/02/20010502BIT00630/bit0003.pdf