jaalaM Technologies Completes Software Financing

On November 22, 2002, jaalaM Technologies, a Vancouver-based network intelligence software company, completed an $11 million series A financing. Lead investors were the Business Development Bank of Canada and GrowthWorks Capital Ltd. on behalf of the Working Opportunity Fund.

jaalaM was represented by in-house counsel Jim Mutter, assisted by Tom Bell, Scott Gelband and Marc Porter of Perkins Coie in Seattle on U.S. issues. The venture capital investors were represented by Cheryl Slusarchuk and Dan Steiner of McCarthy T├ętrault LLP on both Canadian and U.S. issues and by Kerrie Everitt of McCarthy T├ętrault on Canadian issues. Steven Lukas (corporate finance) of Fasken Martineau DuMoulin LLP in Vancouver represented one of the founders and inside investor.