Maryland Venture Capital Companies Invest in Centrifuge Systems

Centrifuge Systems, Inc., a leading provider of next generation business
intelligence software, announced that it has received its first round of
institutional funding from premier venture capital firm Novak Biddle Venture
Partners (NBVP).  NBVP invested $4.5 million in Centrifuge, whose advanced
visualization software helps organizations discover insights, patterns and
relationships hidden in their data. The financing will support implementation of
the company’s growth strategy and product innovation initiatives. Novak Biddle
general partners Andrea Kaufman and Roger Novak have joined the company’s board
of directors.

Novak Biddle Venture Partners, a Bethesda, Maryland based company, was
established in 1997 to provide equity financing and assistance to the management
of young, information technology companies. NBVP is backed by a number of the
country’s most prestigious limited partners, and has over $580 million under
management. We seek investment opportunities where the combination of ideas,
dollars, experience, and relationships can create long-term, sustainable value.
While we believe that the vast majority of business plans we receive have many
of the makings of viable companies, we are looking for additional key features
in the businesses in which we invest. For more information, please visit

www.novakbiddle.com

“With an increased demand for its products and several federal agencies among
its customers, Centrifuge’s software has been validated by the government as
best-of-breed technology.  There is clearly a need for business intelligence
software that enables users to ask open ended questions of their data by
interacting with visual representations of the data directly,” said Roger Novak,
general partner, Novak Biddle Venture Partners and new board member, Centrifuge
Systems, Inc.

“Our interest in Centrifuge is driven by several factors – its consistently
cutting edge approach to visualization, the strength of its management team, and
the software’s potential for widespread commercial application,” said Andrea
Kaufman, general partner, Novak Biddle Venture Partners, and new Centrifuge
Systems, Inc. board member.  “This deal ties into our investment strategy of
backing leading early stage companies that have developed dual use technology,
that which can transcend the government-agency customer and filter into the
broader marketplace,” Kaufman added.

“Having the resources, expertise, and insights of the Novak Biddle team at
our disposal during this phase of our life cycle is an invaluable asset. As we
grow the organization to respond to market demand, it is critical to have the
support of a reputable, well-connected partner and we are delighted to have
Novak Biddle on board at this exciting time for the company,” said Guljit
Khurana, CEO of Centrifuge Systems. 

Centrifuge recently expanded its management team with the additions of CFO
Brian Daum and Mitch Shue, Vice President of Engineering.

Centrifuge Systems is a leading provider of next generation business
intelligence software that helps  organizations discover insights, patterns and
relationships hidden in their data.   The unique Centrifuge approach allows
users to ask open ended questions of their data by interacting with visual
representations of the data directly. 

Traditional business intelligence solutions require users to define what they
want to see in advance and present the results in static dashboards.  With
Centrifuge, users determine what is of interest “on the fly”, then manipulate
the displays directly in a highly interactive fashion.  The experience is
refreshingly easy-to-use and the resulting insights can be extraordinary.

Centrifuge is used in some of the most demanding applications in the world,
including counter-terrorism and homeland defense, to help analysts move from
data to discovery. 

For more
information, please visit

www.centrifugesystems.com