As the former CEO and chairman of
Tivoli Systems, and a recognized IT leader with over 30 years' experience in
the software industry , Dr.
For more information on single-seat and group licenses, contact Cathy Shelton
at 212-313 -9171 or cshelton@thedeal.

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D.com.
"In the intensely competitive field of middle-market auctions , this
electronic tool and newsletter provides buyers and sellers with an objective,
comprehensive and timely information resource to help them win auctions," said
Kevin Worth, CEO and president, The Deal LLC.
Borcher has taught contract and property law at Copenhagen University,
Faculty of Law, served as Chairman of the Board of the Association of Young
Lawyers, and is admitted to the High Court of Denmark.
"Christian's background as a successful entrepreneur and attorney with
experience in finance and M+A are tremendous assets for both Cardinal Venture
Capital and our portfolio companies," said Joyce Chung, general partner of
Cardinal Venture Capital.

webbusiness ebusiness

cardinalvc.

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Auction Block is another service from The Deal
and consistent with our mission to be the authoritative voice of the deal
economy.com. "His insights, passion and hard work are key to
helping Cardinal identify new opportunities, and for assisting our
entrepreneurs in building their businesses.

entrepreneur alertbox

SAN JOSE , Calif. Moss.

The Deal LLC Introduces Auction Block(TM) an Electronic Research Source and Newsletter for Middle-Market Corporate Auctions

Auction Block is a three-tier research product designed for professionals
working in middle-market transactions -- private equity investors, investment
bankers , lawyers, advisers and corporate executives.

Cardinal Venture Capital Promotes Christian Borcher to Partner

Prior to joining Cardinal in early 2000, Borcher was a lawyer in Denmark
with Bech-Bruun Dragsted, Scandinavia's largest law firm, where he represented
global high tech companies including IBM, Dell and Nokia, and specialized in
deal structuring and security aspects of financings, as well as in
restructurings and recapitalizations. Cardinal Venture Capital is based in
Menlo Park, California.

zdnet hype

Moss's familiarity with the challenges and pitfalls that face organizations
today will play a key role in the continued development of nLayers InSight and
our company's ongoing strategy," said Gili Raanan, CEO and founder of nLayers.
"nLayers InSight is one of the first and few products I've seen that provides
the foundation to make these initiatives possible - across all markets.

About The Deal LLC
The Deal LLC is a diversified media company that aims to be the
authoritative voice of the deal economy.

retailing aggregating

zdnet newsnow

Contact:

Stephanie Piche
nLayers, Inc.

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nlayers. We serve the global deal community --
corporate and financial dealmakers, advisers and institutional investors -- by
providing business and financial news and information that offers fresh
insights on the deal economy, a set of interrelated activities, focused on
dealmaking of all kinds, whose purpose is to generate corporate growth in a
continually changing global market. We offer a comprehensive line of print and
electronic product and services for both readers and advertisers, including
The Deal, The Daily Deal, TheDeal. Equity Partners, a
private investment fund sponsored by Wasserstein + Co.

webbusiness aggregating

650. It includes a weekly
newsletter covering middle-market transaction activity, a dedicated Web site
with daily middle-market news and a corporate auction database that features
both mid-cap and large-cap assets for sale, with links to relevant new stories
appearing in the company's publications -- The Daily Deal, The Deal and
TheDeal.com .S. MENLO PARK, Calif. He is a member of the
Danish Business Council of Silicon Valley under the Danish American Chamber of
Commerce, and has founded two import and distribution companies, which he ran
for seven years.

steering fortnightly

Dr. For nLayers' customers, this model serves as the
foundation for a wide range of critical IT initiatives, including change and
configuration management, IT governance , capacity planning, business
service management, and business continuity planning.1982
leah@kulesapr . As
partner, Borcher will continue to be responsible for identifying, leading and
managing investments for the firm.

multibillion clueless

"
Dr.

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0809
stephanie@nlayers. Investors in The
Deal, a privately held company, include majority owner U.

cio pitfalls

Prior to SSV he was CEO and later chairman of
Tivoli Systems (sold to IBM in 1996).
408.A.com.

multibillion entrepreneur

,
has joined its Strategic Advisory Board.com

This release was issued through eReleases(TM). Cardinal's investing team helps build successful
technology -based businesses by applying their extensive experience as
entrepreneurs and operating managers.

insightful entrepreneur

"
"In recent years, achieving both reduced IT cost and risk has been the
'holy grail' for any CIO in virtually any organization," said Dr.340. For more information,
visit http://www.thedeal . The announcement was made
at The Deal's second annual Private Equity Symposium, taking place at the
Union League Club in Manhattan. The company will debut the service later this
month. To inquire about advertising or
sponsorship opportunities, contact Mickey Hernandez at 212-313-9270 or
mhernandez@thedeal .
Borcher received his Summa Cum Laude Masters and Bachelor of Law Degrees
from Copenhagen University, and his M.

insightful cio

com
An interactive feature enhancing Auction Block's online product is a
"posting portal" where site users can provide comments and information on
active auction block listings. "While the big-cap deals grab
the headlines, far more activity happens in the middle market .

from Stanford Business School.

steering zdnet

During his tenure, Dr. Prior to Tivoli, he
held positions with Lotus Development, Stellar Computer, Apollo Computer and
IBM Research. I look
forward to working with the company and helping to guide them to success in
2005 and beyond."

The Auction Block database allows subscribers to:
* Access auction details and related articles quickly
* Submit updates or see the latest information to hit the auction
bulletin board
* Prospect for new clients and keep track of competitors
* Monitor assets for sale with a customized digest of information
* Locate business opportunities with a customizable view
* Perform advanced searches by industry, price, stage or Ebitda

Auction Block will be sold in single-seat licenses at a rate of $3,500 and
in group licenses up to five seats at a rate of $5,500.

hype equation

Moss was the recipient of the prestigious Austin
Entrepreneur of the Year award in 1996, having also been named one of Forbes
magazine's "Leaders of Tomorrow" for 2000 and one of Computer Reseller News'
top "Entrepreneurs to Watch for 2001.com

Leah Bibbo
Kulesa Public Relations for nLayers, Inc.com."
At Cardinal, Borcher focuses on wireless technologies , digital media, and
mobile content and consumer applications.

newsfeed minimalist

Moss will add valuable systems management
perspective to nLayers' advisory board. Moss currently serves as president of Strategic Software Ventures
(SSV) LLC, which assists in the creation and growth of a new generation of
enterprise software companies. All pricing is based
on subscriptions with electronic delivery of a PDF middle -market newsletter. LP, and Rustic Canyon
Ventures, one of the largest venture capital funds in Southern California. Borcher is responsible for
Cardinal's investments in DivX Networks, PhoneBites, PlayPhone and Wireless
Security Corporation.

For more information, visit http://www.

insightful aggregating

NEW YORK , The Deal LLC, (http://www. Over the past
five years, The Deal has established a leadership position with our editorial
coverage of the middle market.

retailing clueless

"As one of the most dynamic and open-minded visionaries in the field, Dr.ereleases.B.

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, nLayers, the leader in real-time
discovery and resource optimization, announced today that Frank Moss, Ph."

About nLayers
nLayers' flagship product is nLayers InSight, an agentless appliance that
automatically discovers and maps the relationships and dependencies between
applications and infrastructure components to provide a "living" model of the
IT environment.com),
the authoritative voice for news, analysis and information on the global deal
economy, today announced the introduction of Auction Block(TM), an electronic
research information source for corporate auctions.

About Cardinal Venture Capital
Cardinal Venture Capital invests in early stage information technology
companies, including next-generation enterprise software and services,
internet infrastructure software, wireless applications, electronic payments,
and digital media.

webbusiness multibillion

Former Tivoli Chairman and CEO Joins nLayers Strategic Advisory Board

"The addition of such a highly respected pioneer further strengthens the
overall IT leadership experience of this advisory board - I think that says a
lot about the potential of nLayers' mission and approach. Moss was credited
with growing Tivoli from a software start-up to becoming the number-one
company specializing in enterprise systems management.
nLayers is a privately held, venture-funded startup headquartered in San
Jose, California, and at http://www.467.com, Corporate Dealmaker, Tech Confidential,
Corporate Control Alert, Deal Focus and Bankruptcy Insider., Cardinal Venture Capital today
announced that Christian Borcher has recently been promoted to partner.

steering bpubs

Unlike the limited, "snapshot" views offered by other
discovery technologies, nLayers' time-based, three-dimensional model allows IT
organizations to continuously track resource dependencies, demand, usage and
service levels in real-time. Auction Block will act as the third-party
clearinghouse for information submitted to the boards.