ARCHIVE 2005

Secure Computing Says It Will Buy CyberGuard for USD 295 Million

18 August 2005. We are proud to announce that one of our US based portfolio companies, Cyberguard Corporation, has announced, that it is to be acquired by Secure Computing (“SCUR”), a provider of Internet Security Software.

Secure Computing will buy Cyberguard Corporation for USD 295 million in stock and cash. The price includes 0,5 shares of Secure Computing stock and USD 2,73 for each share of Cyberguard. That’s a 16 percent premium to Cyberguard’s closing price yesterday on the Nasdaq Stock Market.

In connection with this transaction, Warburg Pincus, the global private equity firm and one of the leading investors in technology companies, will invest USD 70 million in Secure Computing in the form of convertible preferred stock with warrants.

This transaction meets important strategic priorities and better positions Secure Computing in two of the fastest growing markets of the security industry. By combining the companies, Secure Computing will be the leader in the Unified Threat Management market, the fastest growing segment of the IT security market according to IDC.

Our stake in Cyberguard Corporation still goes back on our investment in webwasher, which was sold to Cyberquard in a cash- and share deal in April 2004. We are very pleased with the recent transaction and believe the merger of the two companies will lead to a significant value creation through cost synergies and enhanced market position.

For further information please contact:

Martin Ankli, Phone +41-41-7290178, Email: ankli@invision.ch or

Dr. Bernd Pfister, Phone: +41-41-7290170, Email: pfister@invision.ch