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Xelerated Raises $23M

SANTA CLARA, Calif. -- Xelerated, the price/performance
leader in network processing, today announced that it has closed a $23
Million financing round led by the Sixth Swedish National Pension Fund (the
Sixth AP Fund). Xelerated's existing investors Atlas Venture, Alta Partners,
Accel Partners and Amadeus Capital Partners also participated in the
financing round. The company has a global customer base and the new funding
will mainly be used to expand sales and support as well as for development
of new products.

"Adding the Sixth AP Fund to our already strong investor base gives us the
perseverance required to build a global world-class semiconductor company,"
says Johan Bvrje, CEO of Xelerated. "We now have the means to realize our
vision of becoming the number one supplier of feature-rich Ethernet
solutions for Metro, Access and High-end Enterprise systems. The new funds
allow us to increase our presence on key markets and to accelerate our
revenue growth based on existing and new products," Johan Bvrje concludes.

"Xelerated's customers, globally leading system vendors in China, Japan,
Europe, Israel and the USA such as Fujitsu, Huawei and ZTE, as well as the
product offering's clear customer benefits, convinced us of the company's
tremendous potential," says Mats Augurell, Sixth AP Fund. "Our ambition is
to give Xelerated the necessary means to establish itself as the number one
global network-processor supplier for high-performance Ethernet solutions."

Eva Lindqvist, business partner of the Sixth AP Fund, former president of
TeliaSonera International Carrier and incoming chairman of the board at
Xelerated adds: "Xelerated is ideally suited to capitalize on current market
trends. The build-out of broadband solutions for Triple Play services has
dramatically added to the demand for low-cost, feature-flexible merchant
components."

Xelerated Inc.