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Siemens Venture Capital invests in Panoratio Database Images
Panoratio raises $5.58 million in second round of financing


San Francisco, Chicago, September 14, 2005 - Panoratio Database Images GmbH, a leader in the development of innovative software for the interpretation and analysis of large datasets, today announced it has raised $ 5.58 million in a second round of financing to expand company operations in Germany and North America. In addition to the investors from its first financing round, including L-EA (L-Bank) SEED Venture, DVC Deutsche Venture Capital, and the internationally operating funds by PolyTechnos Venture-Partners, Panoratio has secured financing from Siemens Venture Capital GmbH.

Since its formation in 2003, Panoratio has developed market traction with the acquisition of a number of key customers in Germany, including KarstadtQuelle Information Services, Sixt AG, INSIGHT Health and Siemens Power Generation. With the now complete second round financing of $ 5.58 million, including funding from the corporate venture organization of the Siemens Group, Siemens Venture Capital (SVC), which identifies and finances new and innovative technologies that strengthen the core business of Siemens, the start-up will turn its focus to expansion efforts in Germany and the US markets.

'The Panoratio technology represents a paradigm shift in the interactive interpretation and evaluation of large volumes of data, in which we see significant growth potential. We are convinced that the company will develop into a fast growing, internationally established active provider,' says Dr. Uwe Albrecht, Head of Corporate Fund of Siemens Venture Capital GmbH.


'Our Portable Database Images technology offers a completely new approach to the interpretation of data, thereby closing the gaps of processes and solutions used until now,' says Georg Rybing, General Manager and CEO of Panoratio Database Images GmbH. 'We look forward to this next phase of expansion and development and to our launch in the critical North American IT market where we can continue to help our customers speed the analysis of large datasets and develop critical insights to drive their business decision-making cycles.'

The expansion efforts into the North American market have been kicked off with the announcement that Brett S. Kilpatrick has formed Panoratio Database Images, Inc. to lead North American operations as CEO. Kilpatrick brings his extensive experience in the database and application software markets to his new role. Prior to his involvement with Panoratio, Kilpatrick served as CEO of Alterian Inc., a company specializing in platforms for database marketing and ACRM software. Beyond this Kilpatrick has 20+ years as Vice President, executive and sales positions with companies such as Determine Software, Accrue Software, Avantgo, IONA, Versant, Andersen Consulting and Oracle. In addition, Kilpatrick will be joined in his efforts by Panoratio's Vice President of Field Operations, Cal Ball, another seasoned veteran of the North American database technology and application software industry.


Panoratio Database Images GmbH, Panoratio Database Images, Inc. Panoratio Database Images GmbH (www.panoratio.com) has developed a new technology with which organizations are able to quickly analyze extremely complex data structures. Users save both costs and time with this analytical process. In contrast to all methods used to date, the interpretation and analysis is not carried out on the data itself, but rather in a precise and complete image of the data without loss of detail or granularity, the Panoratio Database Image 'PDI'. The PDI footprint is a reduction by a factor of 100:1 to 1000:1 with respect to original data, through patented processes. The analysis of the information contained is thereby significantly facilitated, optimization and simulations are actively available to the user and there are no limitations with respect to the number of attributes or dimensions represented in the data. The response times for the analysis of even very complex datasets (2000+ Dimensi


Publisher Contact Information:

Siemens Venture Capital GmbH (SVC)
+49 89 636 34488
Sabine.Zindera@siemens.com

Company profile of Siemens Venture Capital GmbH (SVC)
Past press releases of Siemens Venture Capital GmbH (SVC).

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