San Francisco, CA - February 4, 2002 - Walden International, a leading global venture capital firm today announced the appointment of Dinesh Vaswani to venture partner. Mr. Vaswani brings more than 16 years of experience to Walden International and will be responsible for investments in early stage technology companies, focusing on the enterprise software and IT sectors. The appointment of Dinesh Vaswani builds on Walden International's leadership in technology investments.

"Walden International has a long track record of investing in early stage technology companies that bring new and innovative technologies to market," said Lip-Bu Tan, chairman and founder of Walden International. "Dinesh possesses a deep understanding of software technology both from the investment side as well as the operational side. His insight and vision will be key to discovering untapped global opportunities and prove invaluable to the existing Walden International team."

Mr. Vaswani brings 16 years of operational and investment expertise to Walden International. Prior to joining Walden International, he was the founding CEO of WordWalla, a software company that develops embedded software for mobile devices. Previously, Mr. Vaswani served as the Director of Business Development at EventSource.com where he established strategic partnerships with Oracle, Ariba and American Airlines. While at EventSource.com, Mr. Vaswani also co-initiated EventSource.com's entry into the enterprise intranet marketplace.

Earlier in his career, Mr. Vaswani served as a principal with the Chatterjee Group (TCG), an affiliate of George Soros and Soros Fund Management, where he incubated and managed a successful software services venture as well as a software joint venture with Computer Associates. Mr. Vaswani was also instrumental in TCG's efforts to acquire United Airlines as a customer, which in turn led to the formation of a separate joint venture software company. Previously, he served as President of Blue Star Infotech's US operation and founded the MicroComputer Practice Group in Accenture's Houston office.

"Walden International is a leader in early stage technology investing and is uniquely positioned to exploit the growth potential in cross-border investing," said Dinesh Vaswani. "I look forward to working with entrepreneurs to bring their ideas to life."

Mr. Vaswani holds a BBA in Management from the University of Texas, Austin and an MBA from the Wharton School of the University of Pennsylvania.

About Walden International

Walden International is a leading global venture capital firm, providing early stage technology companies with the advantage of an unrivaled global network since 1987. The firm's international venture capital funds comprise more than US$2 billion in committed capital. Walden International's globally organized network of multi-cultural investment professionals spans the United States, Hong Kong, China, Singapore, Japan, Taiwan, India, Malaysia and Philippines. For more information, please visit www.waldenintl.com.

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