Kasenna Raises $11 Million of Growth Capital

February 8th, 2006 -Kasenna, a provider of VOD programming and next-generation platforms for video content and service delivery, today announced the closing of an $11 million round of funding.

Led by Intel Capital with participation by all existing major investors, the private equity investment will be used to further accelerate Kasenna's significant growth in the domestic and international IPTV and cable markets as well as strengthen its balance sheet. The funding will enable the company to scale to the increasing demand for advanced video programming and infrastructure services broadband service providers are facing today.

"Since its inception six years ago, Kasenna has successfully capitalized on its vision of providing a best-of-class platform for video content and service delivery as well as the best in video-on-demand content. This level of funding clearly demonstrates the confidence Intel Capital and our other investors have in the market opportunity and the compelling value delivered to customers through our IPTV solutions" said Mark Gray, chief executive officer and chairman at Kasenna.

Kasenna's next-generation video content and service delivery platform is open standards-based with an intelligent management infrastructure that allows service providers to build commercial-grade IP video networks to support new IPTV services. Originally a division of SGI (Silicon Graphics, Inc.), Kasenna has a successful track record of more than ten years in digital video content management and deployments with leading customers worldwide.

"IPTV is poised for rapid growth and is crucially important to service providers because competition is driving them to move more toward personalization of choice, and unique triple-play offerings" stated Gary Schultz, MRG president.

For more information, please visit www.kasenna.com.