DEMO Alumni Kick Start 2008 With Business Success

SOUTHBOROUGH, MA – February 1, 2008 – While a host of new products were launched at the DEMO 08 conference in Palm Desert this week, DEMO Alumni also kicked off the New Year with a list of successes. After taking center stage, DEMO demonstrator milestones continue to be promoted through the DEMO Tracker ( ). This year, Alumni are off to an impressive start with a host of new funding, partnership, acquisition and product announcements.

"This week DEMO celebrated its 18th year as the conference where the best new emerging technologies launch. Our Alumni, 1,500 strong, are still out there continuing to deliver on the promises they made when they stood up on the DEMO stage," said Chris Shipley, product analyst and executive producer of the DEMO conferences. "They are a wonderful testament to the success of this conference. When I read about their continued achievements, I know we have done something right with our selection process and keen focus on product innovation."

In December and January, several companies announced new milestones including:

— Nexo Systems ( )

(DEMO 2007) was acquired by Shutterfly. Nexo Systems is an online

sharing and group services company with a platform for easily creating

customized, content-rich personal and group websites. According to

Shutterfly, "Nexo's services will complement Shutterfly's, giving

customers more ways to connect with friends and family."

— NComputing ( )

(DEMOfall 2006) raised $28 million in a Series B round of financing

from Menlo Ventures and existing investors Scale Venture Partners and

Korea's Daehong Technew Corp. The company provides desktop

virtualization software and hardware and will use this round to finance

sales operations.

— Freepath Inc. ( )

(DEMO 2006; formerly Grass Roots Software) announced a $1.5 million

Series A round led by Velocity Venture Capital. The company said it

will use the funding to introduce new tools to its digital content

sharing platform.

— Seagate ( ) (DEMO

2007) partnered with Sanyo, PortoMedia and HarmanBecker to align its

Digital Audio Video Experience (DAVE) technology platform with several

digital devices. DAVE is a mobile wireless storage platform that lets

users download, store and play back photos, music videos and business

documents on supported devices.

— Boston-Power ( )

(DEMO2007) reported $45 million in new funding from a Series C round

led by Oak Investment Partners and existing investors Venrock

Associates, Granite Global Ventures and Gabriel Venture Partners. The

company has raised more than $68 million in funding. Its flagship

product, Sonata, is a next-generation Lithium-ion battery for notebook


— Dash Navigation

( ) (DEMOfall

2006) announced it will be taking pre-orders for its Dash Express

product scheduled to ship mid-February. The first Internet-connected

GPS device will cost $599.99. The monthly service will cost anywhere

from $9.99 – $12.99 per month and includes access to real-time traffic,

Internet Search, Send2Car and the Dash Driver Network.

— Avvenu ( )

(DEMO@15), which provides a secure remote access and private sharing

technology, was recently purchased by Nokia. With Avvenu, users can

access and view their PC files remotely, even if the PC is off. Nokia

says it plans to "further enhance its portfolio of solutions for mobile