For Immediate Release Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com

Courtney Chandler
617-375-4217
courtney@revolutionpartners.com
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REVOLUTION PARTNERS ADVISES AXEDA SYSTEMS

BOSTON, MA (9/23/03) – Revolution Partners, LLC, a technology investment banking boutique specializing in mergers & acquisitions and private capital fundraising for mid- sized technology companies, today announced that it has advised Axeda Systems Inc. (Nasdaq: XEDA), the world's leading provider of device relationship management enterprise software and services, on its $6 million sale of common stock and warrants to the Special Situations Funds.
Managing Directors Mike MacKeen and Peter Falvey served as the advisors on this transaction.



Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.

Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.
 
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Investment services are provided through Morgan Keegan & Company, Inc., member FINRA and SIPC. Securities and insurance products sold through Morgan Keegan are not FDIC insured, not a deposit, not an obligation of or guaranteed by any bank, or any government agency, and may lose value.