Media Temple, Virtualization Services Provider, Raises$15 Million in Growth Capital

LOS ANGELES--(Business Wire)--
(mt) Media Temple, Inc., a global provider of virtualized, managed hosting,
today announced its first outside investment of $15 million in expansion capital
from Triangle Capital Corporation (Raleigh, NC) as lead investor, and GMB
Mezzanine Capital, L.P. (Minneapolis, MN). The technology investment banking
group of Morgan Joseph & Co. Inc. advised Media Temple on the transaction and
arranged the financing.

"(mt) has experienced significant growth since inception in 1998. The leadership
team has done a fantastic job at bootstrapping the business while simultaneously
building a world-class culture centered around customer service. With the
opportunities presented by our new product roadmap, it became clear that now was
the time to raise our first round of growth capital," said Demian Sellfors, CEO.

"The new investment will help us to continue the quality of our growth in the
future. We are especially pleased to be associated with Triangle Capital and GMB
Mezzanine Capital who both have strong relationships and domain expertise in our
industry. We look forward to a mutually beneficial, long-term relationship with
our new investors."

"(mt) Media Temple has an outstanding record of growth, a blue chip roster of
clients and thought leaders, and an outstanding culture of innovation and
customer service," said Cary Nordan, a principal of Triangle Capital. "Despite a
challenging economic environment over the past couple of years, we were
impressed that Media Temple continued to experience strong, profitable growth.
In addition, the Company's internationally recognized brand with customers in
over 60 countries and having a reputation of exceptional customer service and a
robust product roadmap, (mt) is strongly positioned as a leader in the markets
they serve. Demian Sellfors, John Carey and their team have built a great
company, and we look forward to partnering with them as (mt) initiates the next
phase of growth."

"As one of the first virtualization providers, long before 'cloud' and Amazon
and Rackspace, and an early adopter of clustered computing, (mt) Media Temple
has created a highly unique and alternative company in the hosting industry. We
are very pleased to have been able to assist the company in securing this growth
financing," said Gene Ramirez, a Managing Director of Morgan Joseph. "We look
forward to continuing to provide support for Media Temple as it focuses on
accelerating go-to-market initiatives across new geographies and product lines,
evaluates synergistic acquisition opportunities, and secures its position as a
leading Virtualization Services Provider."

Proceeds of the investment will be used principally for infrastructure capital
expenditures, new products, working capital, and debt repayment.

About (mt) Media Temple

(mt) Media Temple, Inc. is a web hosting and virtualization service provider
headquartered in Los Angeles, California. Since 1998, the company has provided
businesses around the world with reliable, professional-class services to host
websites, email, business applications, and other rich Internet content.

The team is comprised of 150+ incredibly smart and friendly employees who help
create an award-winning culture. (mt) is an always-on company (24/7/365) with a
U.S. based support department serving customers in over 60+ countries. The
company offers support anytime by phone, email and also Twitter.

(mt) Media Temple's infrastructure serves over 85,000 customers and more than
600,000 domains in top tier datacenters on the east and west coast of the United
States. English is the company's primary language, but the employees also
occasionally speak Spanish, Russian, Romanian, Swedish, Korean and Armenian.

http://mediatemple.net

About Triangle Capital

Triangle Capital Corporation (www.TCAP.com) is a specialty finance company
organized to provide customized financing solutions to lower middle market
companies throughout the United States. Triangle's investment objective is to
seek attractive returns by generating current income from debt investments and
capital appreciation from equity related investments. Triangle's investment
philosophy is to partner with business owners, management teams and financial
sponsors to provide flexible financing solutions to fund growth, changes of
control, or other corporate events. Triangle typically invests $5.0 - $20.0
million per transaction in companies with annual revenues between $20.0 and
$100.0 million and EBITDA between $2.0 and $20.0 million.

Triangle has elected to be treated as a business development company under the
Investment Company Act of 1940 ("1940 Act"). Triangle is required to comply with
a series of regulatory requirements under the 1940 Act as well as applicable
NASDAQ, federal and state laws and regulations. Triangle has elected to be
treated as a regulated investment company under the Internal Revenue Code of
1986. Failure to comply with any of the laws and regulations that apply to
Triangle could have a material adverse effect on Triangle and its stockholders.

About Morgan Joseph

Morgan Joseph & Co. Inc., a New York City headquartered full service investment
bank, provides financial advisory and capital raising services including M&A and
restructuring advice, and equity and debt private placements and public
offerings. In addition, Morgan Joseph provides research and trading for
institutional clients. Morgan Joseph's staff of over 120 includes more than 65
investment bankers, who are highly experienced professionals mostly from major
Wall Street firms and intimately familiar with the issues facing middle market
companies. The firm is a member of both the Financial Industry Regulatory
Authority (FINRA) and the Securities Investors Protection Corp. (SIPC).

Media Contacts for Morgan Joseph:
Anreder & Company
Steven S. Anreder
Cristina Bacon
212-532-3232
steven.anreder@anreder.com
cristina.bacon@anreder.com
or
(mt) Media Temple
Alex Capehart
310-841-5562
alex@mediatemple.net
or
Triangle Capital Corporation
Cary Nordan
919-719-4778
cnordan@tcap.com
or
Morgan Joseph & Co.
Gene Ramirez
650-270-2703
gramirez@morganjoseph.com

Copyright Business Wire 2010