Avokia Secures $7.4M in Second Round Funding

• Globespan Capital Partners, SAP Ventures Invest in software provider that makes databases "Always fast and Always on"
• Avokia Selected to Present at DEMO 2006

TORONTO, ONTARIO - Jan. 23, 2006 - Avokia Inc., whose software makes fast 24/7 business a reality for businesses and customers by enabling the continuous availability of database information today, announced it has secured a second round of venture funding, led by Globespan Capital Partners, of $7.4 million. SAP Ventures, a division of SAP AG, also participated in the round which included original investors Ventures West and BDC Venture Capital. The company also announced it will demonstrate its technology at the prestigious DEMO Conference taking place February 6-8 in Phoenix, Arizona.

"We see tremendous opportunities for Avokia's products in the market," said Dave Fachetti, Managing Director, Globespan Capital Partners. "Large companies today succeed or fail on the effectiveness of their business applications. Avokia's ability to ensure those applications are always available and always fast is greatly needed in today's marketplace."

Avokia met all of Globespan's investment criteria, including experienced management, a large market opportunity, superior and innovative technologies, the ability to become market leaders, and a unique and sustainable business model, according to Fachetti.

Avokia is the only provider of patented database middleware software that ensures the continuous availability of business applications at the highest level of performance. Its products are designed for high volume enterprise applications where speed is critical and downtime is not an option.

"SAP Ventures is deeply committed to technologies that enable companies to derive maximum business value from their enterprise applications," said Jennifer Scholze, investment manager, SAP Ventures. "Continuous availability of databases as delivered by Avokia is crucial to this."

"This investment validates that we are well beyond the proof-of-concept phase and well into successful market development," said Alan McMillan CEO of Avokia. "With these additional resources, we are expanding our sales and marketing efforts across North America, reaching new vertical sectors and adding to our team."

Avokia was hand-selected from hundreds of emerging technology companies to appear at DEMO 2006. DEMO conferences have introduced some of the most innovative and subsequently successful technologies in the world today. The annual DEMO Conference brings together emerging companies with new services or products that are about to be unveiled for both the business and consumer markets. At DEMO, companies present their new offerings before an audience of leading business, consumer and technology trade media, analysts and investors.

Avokia has also recently announced reseller relationships, with immixGroup providing a channel to the U.S. government, and TELUS offering Avokia software to its network management customers. Avokia is a founding member of IBM's Chiphopper Program and is a member of Hewlett Packard's Developer and Solution Partner Program, Sun Microsystems' Partner Advantage Program, Sun Microsystems' Solaris 10 Moves Ahead promotion and Microsoft, Oracle, and Sybase Partner Programs.

About Globespan Capital Partners
Globespan Capital Partners is a leading global venture capital firm that has been ranked in the Top Ten Listings of such publications as Forbes and Red Herring. The firm has over $700 million under management and the team has over 130 years of experience in private equity investing, entrepreneurialism and operations. With offices in Boston, Palo Alto, and Tokyo, Globespan has a unique position in the US venture capital industry due to its ability to provide portfolio companies access to Asian customers and partners. Globespan manages several funds, including JAFCO America Technology Fund III and Globespan Capital Partners IV. Some of the firm's investments include Aptis, Argon, Avanex, Brocade, Digital Island, edocs, Monterey Networks, Net Perceptions, Obsidian, Ocular, Pirus, Sentient Networks, and Silknet Software. For more information please see www.globespancapital.com

About SAP Ventures
Since 1996, SAP Ventures has been investing in companies that offer exciting new technologies and applications. Leveraging years of experience and drawing on a network of powerful business relationships, SAP Ventures helps entrepreneurs and management teams recruit the best people, make the right technology decisions, win new business, and build their own partner networks. The goal of SAP Ventures is to grow businesses that create shareholder value for everyone involved. For more information, visit www.sapventures.com.

About Avokia
Avokia is the only provider of patented database middleware software that ensures the continuous availability of business applications at the highest level of performance. Its products are designed for high volume enterprise applications where speed is critical and downtime is not an option. Avokia provides the next generation of availability and performance products with industry leading technology that effectively virtualizes and simplifies the database layer. They lower hardware and support cost by enabling horizontal scalability on a more efficient and manageable computing platform. Avokia breaks through distance limitations enabling multiple active data centers, even across the country, for the highest level of system utilization and disaster avoidance currently possible. For more information please see www.avokia.com. 
 
CONTACT INFORMATION 
Avokia Inc.
Alan Kriss
Director of Marketing
(416) 203-9318 ext 22
alank@avokia.com
www.avokia.com