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Comcast Interactive Capital Invests in BroadLogic

$17 Million Investment led by Comcast Interactive Capital, and including Advance/Newhouse Validates BroadLogic’s Market-Changing Technology


SAN JOSE, Calif.
June 15, 2007

BroadLogic Network Technologies, a leading provider of silicon solutions for broadband networks, today announced it has completed a strategic round of financing led by Comcast Interactive Capital, with Advance/Newhouse also joining as a new investor. Key existing investors, including Time Warner Investments, Rho Ventures, Cisco, Levensohn Venture Partners, Walden International, Presidio and Intel, continued their support by also participating in the financing round. The $17 million total investment will be used to accelerate BroadLogic’s pace of innovation and expand deployment activities across a variety of applications in the network.

In addition to leading the round, Comcast Interactive Capital has joined BroadLogic’s board of directors, where it will assist the company in addressing cable and service provider market opportunities for the company’s TeraPIX™ video processor and Wideband Receiver™ product lines.

“BroadLogic’s innovative chipsets recover bandwidth for cable operators and enhance platforms ranging from network infrastructure to gateway devices in the MDU (multi dwelling unit) and home,” said Louis Toth, Managing Director, Comcast Interactive Capital, and the newest BroadLogic board member. “We believe the potential for these technologies extends beyond the current products and offers the industry a path to a future generation of revenue-generating applications.”

Consumer appetite for multi-play broadband services, including video, voice, and data, continues to grow, and BroadLogic’s cost-effective technologies enable multiple service operators (MSOs) to keep pace with subscriber demand by utilizing BroadLogic based solutions across applications in the network. Investment in BroadLogic reflects the increasing opportunities in the broadband industry and recognition that competitiveness depends on accommodating more consumer choice, and that in turn depends on increasing bandwidth.

“Demand for additional bandwidth to the home is growing rapidly, as the number of HD channels multiply and as we scale our networks to provide ultra-high-speed internet access,” said Nomi Bergman, Executive Vice President of Strategy and Development, Advance/Newhouse Communications, manager of the nation’s sixth-largest cable operator Bright House Networks. “BroadLogic’s technology provides operators a competitive advantage because it enables today’s HFC network to deliver much higher bandwidth in a subscriber-friendly and cost-effective way.”

“We are thrilled to welcome Comcast and Advance/Newhouse as our newest investors,” said Danial Faizullabhoy, president and CEO of BroadLogic. “Consumer demand and industry competition have made our broadband solutions compelling today, and we are working with leading manufacturers toward rapid commercial deployments.”

About Comcast Interactive Capital
Comcast Interactive Capital (CIC) is a venture capital fund focused on broadband, enterprise and interactive technologies. CIC is affiliated with Comcast Corporation, a diversified global leader in cable, broadband services, telecommunications and entertainment. CIC's primary goal is to generate superior financial returns from private equity investments in early-stage technology companies. To achieve this goal, CIC works to foster the success of its portfolio companies by bringing to bear the unique resources, experience, and insight of both CIC and the Comcast family of companies. Additional information is available at www.civentures.com.

About Advance/Newhouse Communications
Advance/Newhouse manages Bright House Networks, the nation’s 6th largest cable operator, serving over 2.2 million subscribers in cable television systems located in and around Tampa Bay, Central Florida, Indianapolis, Birmingham, Bakersfield and Detroit along with several smaller systems in Alabama and panhandle Florida. Advance/Newhouse is a privately held company headquartered in Syracuse, New York. The Advance/Newhouse partners’ other interests include Condé Nast magazines, PARADE magazine, daily newspapers serving 26 cities, American City Business Journals, which publishes business journals in over 40 cities, Advance Internet and CondéNet, producers of online services, and a significant interest in Discovery Communications, Inc.

About BroadLogic
Headquartered in San Jose, California, BroadLogic designs and supplies breakthrough video-processing technologies that enable broadband network operators to maintain their competitive edge by offering next-generation video-on-demand, digital-video, voice, and high-speed data services to more consumers. BroadLogic’s patented technologies power devices that simultaneously process an order of magnitude more video content than conventional approaches, helping operators maximize revenue gains while controlling operational and capital expenditures.

 

      
Copyright ©2007 Rho Capital Partners, Inc.