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 Broadband Access Systems of Westborough, MA developed a carrier-class cable modem termination system that allows network providers to successfully deliver high-speed data, voice and video services to very large numbers of cable subscribers. With the rapid growth of cable usage comes increased demand for faster and higher quality connections. SRF's Saalfield was the first institutional investor in this company. The Fund received liquidity in its investment in Broadband Access as a result of the company's acquisition in September 2000 by ADC Telecom for $2.25 billion. SRF had a 49x return on this investment.
www.adc.com
 Bus-Tech, Inc., is the industry's leading provider of state-of-the-art connectivity solution for the data center to Original Equipment Manufacturers. The company's powerful suite of adapter and platform solution satisfy even the most rugged demands of data processing professionals for high-bandwidth, high-availability, and high-performance connectivity. With more than 20,000 installed sites worldwide, Bus-Tech, Inc. is a recognized leader in the data center interconnect market. Headquartered in Burlington, MA, the company is privately held with locations around the world. For more information about Bus-Tech, Inc. and its products, please visit www.bustech.com
 Contour Semiconductor, Inc., of North Billerica, Massachusetts was founded to produce the world's lowest-cost, high-volume, non-volatile memory chips. The company’s product family will serve the growing Flash memory market. To meet the rising demand for more memory at lower cost, Contour is taking a new and innovative approach to memory design and manufacturing. For further information, please visit www.contoursemi.com
 MEMSIC Headquartered in Andover, Massachusetts, MEMSIC, Inc. designs, manufactures and markets CMOS Micro-Electro-Mechanical Systems (MEMS) IC products that have on-chip mixed signal processing. MEMSIC is the first and the only company that integrates a MEMS inertial sensor with mixed signal processing circuitry onto a single chip using a standard CMOS IC process. This combination of technology has successfully yielded highly affordable standard IC products with the highest long-term reliability and performance available today in the MEMS IC industry. This technological advantage forms the basis of Memsic’s approach towards more sophisticated integrated sensor solutions used in many consumer and automotive applications. More information is available at www.memsic.com
 Spinwave Systems is a technology rich company, focused on developing state-of-the-art wireless sensors and wireless mesh networks for the industrial automation and the commercial building controls markets. Spinwave’s products and systems enable operations personnel to easily generate data about their buildings and processes enabling them to reduce costs and improve productivity. Spinwave’s unique system architecture enables seamless integration of wireless sensors to automation systems from all major manufacturers through its support for LonWorks, BACnet (MSTP and IP) and Modbus (TCP and RTU) protocols. To learn more about Spinwave, please visit www.SpinwaveSystems.com
 Stargus, Inc. was formed in June 2000 to address the network management challenges of multiple system operators (MSOs) and allow for the delivery of advanced services such as Voice-Over-IP, streaming media, open access solutions, tiered services and commercial data offerings. The CableEdge Product Suite delivers the only network management triple play – visibility, analysis and control – to address cable operators’ bandwidth management, network optimization and service assurance needs. The company was acquired by C-COR, Inc., a publicly-held provider of software, equipment and services to the cable industry, in July 2004.
www.stargus.com
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