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MIRAPOINT SECURES $38 MILLION IN ADDITIONAL FINANCING
Van Wagoner Capital Management and Fremont Communications Invest in Leading Provider of Internet Messaging Server Appliances

SUNNYVALE, CA, October 31, 2000 - Mirapoint, Inc., a provider of Internet messaging infrastructure products, today announced that it secured $38 million in financing from new and existing investors. This round of funding, led by Van Wagoner Capital Management, will support the company’s rapidly expanding product development initiatives, and worldwide sales and marketing programs.

"Mirapoint’s products are optimized for Internet messaging, making it possible for service providers and enterprises to offer new and innovative services on demand," said Garrett Van Wagoner, president, Van Wagoner Capital Management. "The Internet messaging market is experiencing tremendous growth and Mirapoint is uniquely positioned to deliver the products and technologies customers need to maintain a competitive advantage."

Additional investors in this round include Fremont Communications, Pivotal Asset Management, and Robertson Stephens' Bayview 2000, LP. Existing investors Worldview Technology Partners, Goldman Sachs, and Amerindo Investment Advisors Inc. also contributed additional capital to their original investments.

Mirapoint’s award-winning Internet messaging server appliances offer service providers and enterprises a reliable and cost-effective way to route, store, and provide access to messages. Mirapoint recently introduced WAPmail Direct, a new technology that creates the world’s first wireless messaging server appliance. WAPmail Direct provides embedded WAP (Wireless Application Protocol) support that allows service providers and enterprises to offer wireless messaging services much faster and more cost-effectively than ever before.

"We are excited about our investment in Mirapoint because of its commitment to building Internet messaging networks," said Sam Ginn, senior managing director of Fremont Communications and retired chairman of Vodafone AirTouch. "Service providers need reliable, scalable and sustainable Internet messaging solutions so they can begin to offer wireless messaging and unified communications services. We believe Mirapoint’s inventive server appliance approach will enable service providers to deploy these new services at an accelerated pace."

"Investments from notable firms such as Van Wagoner Capital Management and Fremont Communications are clear validations of the need for a new Internet messaging infrastructure," said Satish Ramachandran, CEO at Mirapoint. "With this financing, we will continue to deliver and market products that remove the bottlenecks that have slowed down the deployment of next-generation messaging services."

About Van Wagoner Capital Management
Van Wagoner Capital Management was founded in 1995 by Garrett Van Wagoner and invests solely in aggressive growth companies. With $4 billion under management, Van Wagoner Capital Management is a premier emerging growth stock manager specializing in leading-edge technology. The company is headquartered in San Francisco.

About Fremont Communications
Fremont Communications I, L.P., a private equity fund based in San Francisco, invests primarily in communications and related fields capitalizing on the extensive industry knowledge and operating experience of its principals. The fund is part of the Fremont Group, a private investment company with nearly $14 billion in assets under management.

About Mirapoint
Founded in 1997, Mirapoint designs and manufactures specialized, dedicated Internet messaging solutions optimized for next-generation Internet messaging and fast deployment for service providers and enterprises worldwide. Mirapoint's cost-effective outsourcing solutions and partnerships provide customers with high performance, high reliability, built-in security and easy integration with legacy messaging infrastructure. The company is headquartered in Sunnyvale, Calif., with offices throughout North America, Europe and Asia/Pacific. For more information on Mirapoint, call 800.937.8118 or visit its Web site at http://www.mirapoint.com.

2007 Mirapoint, Inc.  All rights reserved. All company and product names mentioned herein may be trademarks of their respective companies.

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