Introduction

Welcome to a re-do of our newsletter. We've tried to make a few changes in order to better meet the interests of our readers.

Since most of you open our newsletter to find out "what's new with Valhalla", we are replacing most of our background stories with "just the news". Below you'll find news about:

• Investments in and exits for our portfolio companies
• Valhallans in the news
• Links to other news about Valhalla from the previous month

And, yes, this means that we will be publishing the newsletter on a monthly basis. We have several months of news below in order to bring things up to date from our last quarterly newsletter, but we intend to be on a monthly schedule from now on.

As always, we welcome your comments and questions. Please email to editor@valhallapartners.com.

Portfolio News

Adaptly, Inc., New York, NY On May 7, 2012, Valhalla Partners led a $10.5 million Series B funding in Adaptly. Adaptly Raises $10.5 Million in Series B funding, Led by Valhalla Partners App47, Inc., Potomac Falls, VA On April 12, 2012, Valhalla Partners participated in a second round of seed funding in App47. App47 Announces New Round of Expansion Funding Avail-TVN, Inc., Reston, VA On May 22, 2012, Avail-TVN announced it raised $100 million of new investment funding. Avail-TVN Raises $100 Million Of Financing To Fund Global Expansion And Domestic Service Development; Acquires On Demand Group Jumptap, Inc., Cambridge, MA On June 29, 2012, Valhalla Partners participated in a $27.5 million Series G funding in Jumptap. Jumptap Gets $27.5M More for Mobile Ads: IPO or Acquisition Coming? Nirvanix, Inc., San Diego, CA On April 19, 2012, Nirvanix closed on a Series C financing lead by Khosla Ventures. Nirvanix Raises Over $25M Series C Round

Qumulo, Inc., Seattle, WA On March 23, 2012, the Partnership completed a $500K investment in Seattle based Qumulo, a stealth mode next generation file storage vendor founded by the core tech team from Isilion. Valhallans in the News Charles Curran at HP Discover 2012 Dave Vellante, co-founder of Wikibon, interviews Valhalla GP Charles Curran at the HP Discover 2012 conference in Las Vegas Kiran Hebbar quoted in The Washington Post General Partner Kiran Hebbar shares his thoughts on challenges of advertising in the digital age Randy Jacops joins the Valhalla Team as Venture Partner Randy Jacops, formerly the CEO of Versata, turned around a series of software based companies from marginal to significant profitability.

June News Stories

6.27.12 GetWellNetwork wins the NVTC 2012 Hottest Company Culture Award

Annual Event Puts the Spotlight on the Region's "Hot" Technology Companies

6.25.12 Geomagic CEO, Ping Fu, Recognized as One of the World’s Most Influential People in Burgeoning 3D Printing Industry

Industry-leading TCT Magazine’s readers vote for the top 20 thought leaders

6.21.12 Videology Looks To Build Publisher-Side Business, Acquires Mobile DMP Collider Media

Videology Reports Growing Sophistication in Video Advertisers’ Targeting Strategies

6.21.12 Why businesses are creating their own internal app stores

Valhalla's App47 noted in VentureBeat article on app stores

6.20.12 Swoop Lets Leading Food Brands Sponsor Content Within Its Recipe Publisher Network

Invitation-Driven Engagement Model Allows Food Brands to Achieve 20X Higher Click-Through Rate With Their Brand Content Than Display Ads

6.11.12 The Weather Channel announces partnership with PlaceIQ

Valhalla's PlaceIQ was rolled out in May as part of TWC's redesigned iPhone app and will come to Android in July

Effective for the 2012 fall semester, the goal is to expand the use of affordable open textbooks

Next-gen DBeXstream software first to cut capacity while speeding backup times for very large databases

Co-Created Productivity Toolbox Will Increase Content and Capability of Devices throughout US and Internationally

Meet the startup helping sites like Fab and Etsy court their customers

May News Stories

Ching-Ho Fung returned as CEO of Parature in May of 2011 after taking a four-year break from the firm to run two companies in Beijing

70% of Consumers Interested in Watching More Programming on Alternate Devices

The Carlyle Group Invests in Leading Global Digital Media Services Company

Mobile and Hyper-Local Leaders Go Beyond Geo-Fencing to Deliver Enhanced Mobile Audience Targeting

Avail-TVN is the largest independent provider of digital video services in North America

New funding secured on the heels of solid customer acquisitions and product enhancements

The objective of the SEPATON Data Protection Index was to understand and quantify the data protection issues

Adaptly also launches Evergreen, an ad product to maximize the reach of content on Social Networks

Khosla Ventures Leads the Investment in the Enterprise Cloud Storage Leader

DiMarco joins WellAWARE with over 25 years of executive management experience in various sectors of healthcare

Q & A

We want, as much as possible, to open up our newsletter to questions, opinions, and suggestions from our readers. The great magic of our newest medium for communication is its interactivity.

Please click here to submit feedback. We will try to respond to every submission, and to print those of general interest in this section. The partnership is happy to address topics such as hot technologies, exit strategies, or due diligence. We look forward to hearing from you.