Millennium Technology Ventures Family of Funds Names Jonathan Glass as CFO

NEW YORK--(Business Wire)--
The Millennium family of private equity funds announced today that
Jonathan Glass has joined the firm as Chief Financial Officer serving
Millennium Technology Value Partners, L.P., Millennium Technology
Ventures, L.P., and the firm's related entities.

Glass was previously Vice President of Finance and Controller of
Venrock Associates, a multi-billion dollar venture capital firm, for
four years. Glass's career encompasses fifteen years of financial and
tax experience within the private equity arena. Prior to Venrock,
Glass was at Greenbriar Equity Group, and before that, served as a tax
manager at Deloitte & Touche working with private equity and other
financial institutions. Glass is a Certified Public Accountant and
holds an MBA from Fordham University and a BA from Boston University.
He is a member of the professional organizations, AICPA and NYSSCPA.

On joining Millennium, Jon Glass observed, "Millennium is an
outstanding franchise with a strong track record. The firm's
value-centric strategy represents an especially exciting opportunity
at this moment in the market. Millennium blends the goal of achieving
high returns from investing in high growth, best-of-breed companies
with structural risk mitigation techniques designed to minimize the
risks historically associated with venture capital investing.
Millennium's approach has been a recipe for outperforming the market
and creating compelling returns for investors."

Samuel L. Schwerin, Managing Partner of Millennium Technology
Value Partners, L.P., noted, "Jon Glass is a strong addition to our
team. The current market climate is a positive one for our investment
strategy, and we are rapidly expanding our human capital as well as
all our resources in order to best embrace the opportunities ahead."

Millennium also announced that it had added Brian Waterhouse to
the investment team as an Associate. The firm has also just completed
a move to a new location:

Millennium Technology Ventures

747 Third Avenue

38th Floor

New York, NY 10017

(646-521-7800)

Website: www.MTVLP.com

About the Millennium Technology Ventures Family of Private Equity
Funds:

Millennium is a unique family of investment funds that seeks to
blend the best practices and principles of venture capital with those
of large-scale private equity investing. Marrying the innovative,
entrepreneurial, and high-growth spirit of Silicon Valley with the
investment rigor and discipline of Wall Street, the Millennium funds
invest in best-of-breed companies, working closely with strong
management teams and partnering with world class investment groups to
achieve outstanding results.

Founded by Managing Partners Daniel Burstein and Samuel Schwerin,
Millennium has become particularly well-known in the private equity
community in recent years for its role in providing liquidity on
illiquid investments to founders, management teams, and investors.

As a result of completing well over 100 secondary transactions
since 2002 - with partners such as Dell, Oppenheimer, Goldman Sachs,
Bowman, Alliance, UBS, and Scientific-Atlanta, as well as many
founders and executives of venture-backed companies--the firm has
helped to create a more liquid market for venture capital assets.
Millennium has authored a number of articles and white papers on
liquidity solutions and the future of the secondary market. These are
available on Millennium's website: www.MTVLP.com

Millennium Technology Value Partners, L.P., the current flagship
fund of the Millennium family, employs a broad array of transaction
formats, ranging from primary venture capital and growth equity
investments, to secondaries, venture debt, restructurings, corporate
spinoffs, PIPEs, and buyouts.

Millennium Technology Ventures, L.P. invests in innovative,
early-stage high-growth companies.

Recent successful realization highlights from the Millennium
portfolios include the Initial Public Offerings of ArcSight (Nasdaq:
ARST) and Airvana (Nasdaq: AIRV), and the sales of Tellme to Microsoft
(Nasdaq: MSFT), World Wide Packets to Ciena (Nasdaq: CIEN), Aventail
to SonicWALL (Nasdaq: SNWL), Requisite to Click Commerce and
subsequently to Illinois Tool Works (Nasdaq: ITW), and FirstVirtual to
Radvision (Nasdaq: RVSN).

Millennium Technology Ventures
Samuel L. Schwerin, Managing Partner
646-521-7800
Schwerin@mtvlp.com

Copyright Business Wire 2008