SOURCE: Mark Logic Corporation

July 16, 2007 08:00 ET

Mark Logic Secures $15 Million in Third-Round Financing

SAN MATEO, CA--(Marketwire - July 16, 2007) - Mark Logic ® Corporation, provider of the industry's leading XML content server, today announced that it has closed a $15 million third-round financing, led and fully subscribed by its existing investors, Sequoia Capital and Lehman Brothers.

The capital will be used to fund the company's continued rapid growth, to expand its presence within its existing strategic markets of media and government, and to fuel new growth initiatives including international, channels, and new vertical market development.

"It's widely acknowledged that 80% of the world's information is unstructured and therefore unsuitable for management by traditional database systems," said Mark Kvamme, partner at Sequoia Capital. "We think that Mark Logic addresses a vast market opportunity and has the potential to become one of Silicon Valley's great companies."

"We're delighted by this vote of confidence from our existing investors and with their enthusiasm for the company's strategy and execution," said Dave Kellogg, chief executive officer of Mark Logic Corporation. "We have multiplied the company's sales eight-fold since I joined three years ago and we are pleased to have these funds in place to finance our future growth."

"Mark Logic combines its unique technology with a skilled team, strong market focus, and consistent execution," said Tom Banahan, managing director of Lehman Brothers Venture Partners.

About Mark Logic Corporation

Mark Logic Corporation is the provider of the industry's leading XML content server. Mark Logic works with providers of information products to accelerate new product creation, deliver products through multiple channels, integrate content from different sources, repurpose content into multiple products, build custom publishing systems, and mine content to find previously undiscovered information. The company holds two patents on the innovative technology in MarkLogic Server which enables companies to load, query, manipulate, and render XML content using the W3C standard XQuery language. Designed for high performance and scalability, MarkLogic Server can deliver millisecond response times against multi-terabyte contentbases. Mark Logic is privately held and backed by Sequoia Capital and Lehman Brothers. For more information, or to download a free trial copy of MarkLogic Server, go to or visit the Mark Logic CEO blog at

About Sequoia Capital

Sequoia Capital provides startup venture capital for very smart people who want to turn ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Steve Goldman and Sujal Patel of Isilon Systems and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit

About Lehman Brothers Venture Partners

Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world. Lehman Brothers Venture Partners, established in 1995, targets mid- to later-stage venture capital investments in companies capable of turning innovative technology and management solutions into successful businesses. For further information about Lehman Brothers' services, products and recruitment opportunities, visit the Firm's Web site at

Copyright © 2007 Mark Logic Corporation. Mark Logic is a registered trademark and MarkLogic Server is a trademark of Mark Logic Corporation. All rights reserved. All other trademarks mentioned herein are the property of their respective owners.

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