Ingate Lands $5.8 Million in Funding

Company announces new hires with a focus on product development, global sales and strategic partnerships

STOCKHOLM, May 17, 2004 – Ingate® Systems, which produces and sells the world’s only fully Session Initiation Protocol (SIP)-capable enterprise firewalls, has received approximately $5.8 million in funding.

The funding initiates a major business expansion for the company, which includes several key new hires which will focus on development, sales and strategic partner support.

The funds come from Bell Net Corp., a leading systems integrator in Tokyo, Japan. Already an investor in Ingate, Bell Net’s follow-up investment increases their ownership of the company.

The new hires will expand Ingate staff by 30%, including the addition of several senior product development, strategic partner and global sales resources.

“Interest in the VoIP market is at an all-time high,” said Olle Westerberg, Chief Executive Officer, Ingate Systems. “Bell Net’s investment enables us to address this interest more actively around the globe, and continue the tremendous momentum that has made us a leader in next-generation firewall technology.”