PITTSBURGH, PA (December 7, 1999) – MediaSite, Inc., the leading provider of technology and services that makes video interactive, today announced a significant investment from Zero Stage Capital. Based in Cambridge, Massachusetts, Zero Stage Capital, is one of the country’s leading venture capital firms and has funded other leading Internet companies such as About.com, 24/7 Media, and MotherNature.com.

"Our investment focus is on the most exciting segments of the Internet economy whether it’s content, community or enabling technology," said Inder Soni, vice president of Zero Stage Capital. "MediaSite is providing the means for businesses and consumers to realize the potential for interactive video over the web."

"The latest round of financing positions MediaSite for rapid growth," said Patricia Rogan, chief financial officer for MediaSite. "Our products are in place and the market is ready, it’s just a matter of having the resources to capitalize on the opportunity. Zero Stage Capital is an outstanding partner and will be integral to our future success."

Also included during this round of financing are the following venture capital and investment banking firms: Argent Partners, Birchmere Investments, Pernex Equity Investments, Inc. and RRZ Private Equity fund.

About Zero Stage Capital
Zero Stage Capital Company, Inc. (www.ZeroStage.com), based in Cambridge, Mass., invests in information technology, software, communications, and health-care related companies. Established in 1981, Zero Stage assists start-up, early stage, and on-going technology firms achieve growth by providing equity capital and management expertise. Currently, Zero Stage Capital directs six limited partnership funds, totaling $250,000,000, which have invested in nearly 100 companies, primarily in the Northeast.

About MediaSite
MediaSite Inc. is the technology leader in making video interactive(TM). Leading content providers increase their revenues and extend their brands by creating interactive video websites using MediaSite products and services. MediaSite offers a total, integrated solution through its Publisher Suite(TM) and services to deliver a flexible, automated approach for publishing searchable video on the Web. Users can navigate the video to search, browse and  summarize specific video segments and purchase video through MediaSite's V-commerce(TM) (Video e-commerce) capability. Customers include Time Warner Cable (NY1), Warner Brothers, CBS Affiliates (WCBS, KDKA), Internet Broadcast Systems, US. Air Force, US Holocaust Museum, and HealthInfo among others. MediaSite solutions are based on patented ISLIP technologies – Integrated Speech, Language and Image Processing. For more information, visit www.mediasite.com.