Canaan Partners Names Maha Ibrahim as Principal; Former VP of E-business for Qwest to Focus on Technology Investments.

Business Editors

MENLO PARK, Calif.--(BUSINESS WIRE)--May 2, 2000

Canaan Partners, a national venture capital investment firm, today announced the appointment of Maha S. Ibrahim as principal in the firm's Menlo Park, Calif. offices. Ibrahim will assess and manage a variety of technology investments, focusing on Internet and telco services, as well as e-commerce concerns.

Ibrahim was previously in the highly visible position of vice president of e-business at Qwest Communications, where she architected the company's e-business strategy, led the initiative to successfully e-enable every facet of the company, and spearheaded the redesign of Qwest.com. Before that, she was vice president of business development for Qwest, where she closed numerous high-profile deals including Microsoft and Netscape. She has also held positions at Boston Consulting Group and Price Waterhouse. Ibrahim has a Ph.D. in Economics from M.I.T, an M.A. in Organizational Behavior from Stanford, and a B.A. in Economics from Stanford.

"Maha's hands-on strategic and operational experience and success makes her an ideal candidate to assess deals and add tremendous value for portfolio companies," said Eric Young, partner and co-founder of Canaan Partners. "We are extremely grateful to have her aboard."

About Canaan Partners

Canaan Partners (http://www.canaan.com) is a national venture capital investment firm formed in 1987. Canaan Partners specializes in early stage venture capital for Internet technology, e-commerce and life sciences companies. Canaan Partners was an early backer in CommerceOne (CMRC), E.piphany(EPNY)/Rightpoint, Copper Mountain Networks (CMTN), Optical Networks, DoubleClick (DCLK), E-stamp (ESTM), iPrint, IntraWare (ITRA), Mortgage.com (MDCM) and SalesLogix (SLGX) along with dozens of other market-leading companies.