Tudor Ventures Announces Closing of $262 Million Fund

Tudor Ventures Announces Closing of $262 Million Fund

Boston, MA – June 5, 2007 – Tudor Venture Group (“Tudor Ventures”), the venture capital and private equity arm of Tudor Investment Corporation, is pleased to announce the final close of Tudor Ventures III L.P. (the “Fund”), with $262 million of committed capital. The addition of this fund brings the total of Tudor Ventures capital under management to approximately $700 million. Established in 1996 and located in Boston, Tudor Ventures invests in rapidly growing companies in the information technology arena providing capital for expansion, acquisition and founder liquidity.

“We are excited about the opportunity to continue with our strategy of investing capital in rapidly growing technology companies that have proven products in attractive markets. Given strong deal flow, our experienced team of investors and the ability to leverage the significant resources of Tudor Investment Corporation, we feel we are well positioned to deliver exceptional returns for our investors in Tudor Ventures III,” said Founding Partner, Bob Forlenza. “We are especially pleased with our limited partners, which include LPs from some of the leading state pension funds, financial services companies and endowments in the country, who have entrusted us to manage their capital in this new Fund.”

Of the new fund, Anthony Rust, Senior Managing Partner of the international fund manager GKM Newport, said “GKM NEWPORT is extremely pleased with our recent commitment and investment in Tudor Ventures III. Tudor Ventures has proven over time that they can generate solid returns and good multiples for their LPs. We look forward to a long term GP/LP relationship with Tudor Ventures, and suspect and believe their performance will continue to be first rate.”

The Fund will continue to make late stage investments in information technology companies with a focus on proprietary deal flow. Tudor Ventures typically invests $7 million to $20 million in a portfolio company and its investments, based primarily in North America, include financial technology, software, communications, media and IT infrastructure sectors.

About Tudor Ventures

Located in Boston, MA, Tudor Ventures is a private investment group established in 1996 by Tudor Investment Corporation. Tudor Ventures manages approximately $700 million in equity commitments and has invested approximately $390 million in 46 companies. Tudor Ventures’ investments, based primarily in North America, are focused on rapidly growing information technology companies in sectors including financial technology, software, communications, media and IT infrastructure.

Companies funded by Tudor Ventures include: Classic Sports Network (acquired by Disney), Art Technology (ARTG), Digital Island (acquired by Cable and Wireless) , Transmeta (TMTA), N2 Broadband (acquired by Tandberg), Shoebuy (acquired by IAC), Global Cash Access (GCA), Switch and Data Corporation (SDXC), as well as more recent investments: Gain Capital, Pipeline Trading Systems and Crossbeam Systems.

For more information about Tudor Ventures, visit www.tudorventures.com.

About Tudor Investment Corporation

Tudor Investment Corporation is a leading alternative asset management firm. Founded in 1980, Tudor Investment Corporation and its affiliates manage in excess of $17 billion that is invested in the global equity, debt, currency and commodity markets.

Contact

Rick Ganong Tudor Venture Group, Managing Director 617-772-4645 www.tudorventures.com