
Apriso Receives Additional Funding in Response to Accelerated Growth
(Long Beach, CA, November 15, 2006) – Apriso Corporation, a global provider of adaptive software platforms for operations execution systems, today announced that it has received further equity investments from its venture capital investors. The company will use these funds to respond to the accelerated growth it is realizing by further investing in product research and development, support of its expanding global marketing activities and the further development of its multiple sales channels for each of the vertical markets it serves.
Investors include SAP Ventures, a division of SAP AG, Wall Street Technology Partners LP of New York; CMEA Ventures of San Francisco, California, LogiSpring of Geneva, Switzerland and Brentwood Venture Capital of Los Angeles, California which is making its fourth investment in Apriso.
“In addition to the establishment of a high performing, solid management team this past year, Apriso has demonstrated its ability to leverage significant growth in the Operations Execution Systems market,” said Lisa Reeves, senior vice president, SAP Ventures. “The company is executing on a solid business plan of delivering value to existing customers, while adding new customers in new markets. We are very pleased to take part in their latest equity round."
"The executive management team at Apriso is pleased with the continued confidence from our investors," remarked Jim Henderson, Apriso's president and chief executive officer. "This additional investment in Apriso enables us to further leverage our resources to capitalize on the accelerated growth we’re seeing in the Operations Execution Systems market.”
In the first three quarters of 2006, Apriso has achieved an increase of approximately 140 percent in software revenues over the same period in 2005. Worldwide revenue split for the first three quarters has been approximately 50 percent Americas, 40 percent EMEA, 10 percent Asia Pacific and China.
About Apriso
Apriso Corporation is a software company dedicated to providing competitive advantage for its customers. It does so by enabling organizations to adapt quickly and easily to market changes and unexpected events. Apriso’s FlexNet platform provides visibility, adaptability and real-time control of manufacturing operations across the enterprise and supply chain network. This is accomplished by integrating planning, execution and control, increasing operational efficiency and eliminating errors in the production process.
Apriso operates in nine countries across the Americas, Europe and Asia while serving more than 150 customers in 39 countries and powering more than 500 installations worldwide. Its customers include General Motors, Lear, Honeywell, Microsoft, L'Oreal, Lockheed Martin, Becton Dickinson, Rubbermaid, Saint-Gobain, Novelis and Essilor.
About SAP Ventures
SAP Ventures is the venture capital affiliate of SAP AG (NYSE: SAP). SAP Ventures manages a portfolio of financial investments in the enterprise applications and infrastructure market spaces.
About Wall Street Technology Partners
Wall Street Technology Partners LP (WSTP) is a New York-based technology fund founded in 2000. The fund invests in mid-to-late stage US-based technology and media companies across a wide industry spectrum, including software applications, servers and storage, semiconductors, wireless, telecom systems and enterprise and carrier networks.
About CMEA Ventures
CMEA Ventures is a San Francisco based venture capital firm that was established in 1989 and specializes in high technology, life sciences, and alternative energy investments. The firm invests in both early and late stage companies, and actively partners with an extended network of companies, other VC firms, institutional investors, strategic partners as well as entrepreneurs.
About Logispring
Logispring is a venture capital firm with a “balanced portfolio” strategy focused on building businesses for global supply networks (industrial processes, logistics, manufacturing). The firm has a transatlantic portfolio, and is gradually expanding into other parts of the world.
The key ingredients of Logispring’s strategy, and the drivers of the firm’s success, are its focus on supply networks, its international scope, and the quality and passion of its team. For more information, visit www.logispring.com
About Brentwood Venture Capital
Brentwood Venture Capital is a private venture investment firm with offices in Menlo Park, Los Angeles and Orange County, California. Brentwood has invested equity capital in start-up, early stage and emerging growth companies since 1972. The firm's goal is to select, support and facilitate the success of tomorrow's most innovative high-technology firms. Built on a foundation of $960 million of invested capital, Brentwood has provided financial and strategic support to over 300 entrepreneurial companies.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, this press release contains forward-looking statements that involve risk or uncertainties. Future operating results of Apriso Incorporated may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with customer relations, such as the availability of Apriso's products and services, customer implementation of products and services, relationships with customers, third-party vendors and systems integrators, concentration of revenues in a relatively small number of customers, existence of errors or defects in products, ability to successfully manage growth, significant current and expected additional competition and the need to continue to expand product distribution and services offerings. Apriso assumes no obligation to update the information in this press release.
Apriso and FlexNet are trademarks of Apriso, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
|