WINTER PARK, FLORIDA, USA - March 11, 2008 -
Highwinds Network Group, Inc., a multi-platform IP
services and content distribution provider, today
announced it has closed a $55 million round of equity
financing led by General Catalyst Partners and Alta
Communications. The financing will fund the
infrastructure build-out of Highwinds' RollingThunder(TM)
network, including a content delivery network offering.

Highwinds' RollingThunder network was unveiled today
in conjunction with an announcement of a partnership
between Highwinds, Digital Rapids Corporation and
Knack Networks to create advanced IPTV solutions for
the vast market of professional media companies
worldwide.

"Having attracted top-tier investors, we can accelerate
our ability to meet the rapidly growing demand for
innovation in the market for IP services and delivery of
rich media content," said Steve Miller, Highwinds'
President and Chief Executive Officer. "We are
well-capitalized to bring an unparalleled infrastructure
solution to market for service providers, corporations,
content owners and other organizations implementing
IP services, content delivery and other strategies to
increase revenue and profitability, improve customer
relations, enhance competitive position, expand market
share and achieve other key business goals."

"Highwinds has already proven its mettle -- with a
years-long track record of success marked by solid
revenue growth and profitability," said Neil Sequeira, a
Partner at General Catalyst Partners. "We are excited
to provide the capital infusion that will enable them to
advance to the next level with their content delivery
solutions and other RollingThunder network-based
services.

"In my years of focusing on all sectors of media, it's
clear that Highwinds has fielded an outstanding executive
management team -- one with the knowledge,
experience and vision to be a market leader," said
Andrew Mulderry, General Partner at Alta
Communications. "We have invested in a portfolio of
best-in-class new media companies, and Highwinds fits
superbly into that ecosystem as a supplier and partner
to our other investments."

About Highwinds Network Group, Inc.
Highwinds has been a leader in the development of
content replication and delivery software and services
since 2002. This experience has led to a number of
technology innovations in network management,
distributed file system technology and advanced content
routing methods. The Highwinds CDN leverages
best-in-class hardware and software to quickly and
successfully move content at a global level. The
company's high-performance RollingThunder(TM) network
and user-friendly StrikeTracker(TM) content management
and reporting dashboard enable clients to deploy and
manage content, file downloads and streaming media.
Highwinds is headquartered in Winter Park, Fla., and
maintains data centers in 13 North American and
European cities. For more information,
visit www.highwinds.com.