Campus Pipeline Secures $55 Million in Series B Funding.

Business Editors

SALT LAKE CITY--(BUSINESS WIRE)--March 30, 2000

Select Group of Strategic and Venture Capital Investors includes

Meritech, General Motors, HP, National Discount Brokers, and Michael

Ovitz' Lynx Technology Group

Campus Pipeline, Inc., a premier provider of integrated Internet solutions for higher education, today announced that it raised $55 million in private equity funding.

Meritech Capital Partners, a late-stage venture capital fund, led the round. Strategic investors include two American Express Financial Corp. funds; General Motors Investment Management Corp., an investment advisor; Hewlett-Packard Company (NYSE:HWP); Michael Ovitz' Lynx Technology Group; and National Discount Brokers Group, Inc. (NYSE:NDB).

Additional new investors include an affiliate of Hicks, Muse, Tate & Furst; DRW Venture Partners (a Dain Rauscher Wessels fund); New Media Venture Partners; and Cornerstone Capital Group. Oak Investment Partners, a current investor, has agreed to participate in the financing round subject to expiration of a regulatory waiting period under the Hart-Scott Rodino Act. Several other previous investors in the Company also participated. Proceeds from the round will be used for working capital and general operating needs.

"Music and entertainment is an integral part of the college experience," said Michael Ovitz, principal of Lynx Technology Group. "18 to 24-year-olds are an influential demographic and one of the key arbiters of success in the entertainment industry. The Campus Pipeline Web platform is well positioned to become a valuable online community for this influential group."

New individual investors in the Company include Dr. David Gardner, recently retired head of the William and Flora Hewlett Foundation, past president of the nine-campus University of California system, past president of the University of Utah and member of the Campus Pipeline board of advisors; and Roger Boyer, chairman of the Salt Lake City-based Boyer Company.

"I believe Campus Pipeline's integrated communication infrastructure will become an invaluable asset for academic communities -- faculty, staff and students alike, and eventually alumni, parents and friends as well," said Gardner. "Campus Pipeline helps foster connections that support the learning environment in all of its dimensions, build and sustain school interest and loyalty, and facilitate the day-to-day work of college and university management systems."

The Campus Pipeline(TM) Web platform powers official campus intranets that support the learning environment and connect all members of the campus community to the school and to one another. Customized for each institution and personalized for each individual, the Campus Pipeline Web platform provides secure online access to the campus community, online learning resources, and back office systems that run a school's administrative services. Because the platform integrates with a school's databases, activities such as registering for classes, accessing Web-based email, viewing grades, using chat for course support, and staying current on community and campus events become easier, allowing students, faculty and staff to save time and manage their busy lives more effectively. The Campus Pipeline Web platform is currently licensed to more than 500 campuses.

About Campus Pipeline

Campus Pipeline, Inc. is a premier provider of integrated Internet solutions that make the Web work for higher education. The Company collaborates with colleges and universities to create, develop and strengthen online relationships within the campus and higher education communities, while preserving and enhancing existing technology investments. Through the Campus Pipeline Web platform, the company provides an open, flexible Internet solution that brings campus information, academic resources and administrative services securely together online. The Salt Lake City-based Company works with many leading companies including Amazon.com (Nasdaq:AMZN), Dell Computer Corporation (Nasdaq:DELL), Hewlett-Packard Company (NYSE:HWP), SCT Corporation (Nasdaq:SCTC), Sun Microsystems (Nasdaq:SUNW) and Inktomi (Nasdaq:INKT). For more information, visit www.campuspipeline.com or call 888/682-PIPE.

Campus Pipeline and the Campus Pipeline logo are trademarks of Campus Pipeline, Inc. All other marks are the property of their respective owners.