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MCI and Adara invest €2.5 million in Polymita Technologies®


Barcelona, April 24th 2006 - Polymita Technologies®, the leading Spanish software provider for business process management (BPM), portals and enterprise content management (ECM), today announced a €2.5 million joint investment in the organisation made by venture capital companies Molins Capital Inversión and Adara Venture Partners. The incoming capital will fund the growth of Polymita Technologies by consolidating its international business operations and enabling the company to continue with its extensive R&D programme.

“Polymita Technologies is going through an exciting strengthening phase,” commented Erik Brieva, Polymita Technologies’ CEO. “We already have an integrated BPM, portals and ECM platform that offers one of the best ROI levels in the IT industry. Our objective now is to grow our presence in international markets to position Polymita Technologies amongst the world’s leading BPM software companies.”

Founded just over three years ago, Polymita Technologies has already achieved recognition at a European level. In December 2005, the company was selected as one of Europe’s thirteen most promising IT companies by the Gate2Growth contest promoted by the European Commission. The previous year, the company received a €300,000 prize granted by the Spanish Technological and Industrial Development Centre (Ministry of Trade and Industry).

“The management team, a solid track record and a highly innovative product portfolio were crucial factors in our decision to invest in the company,” explained Christopher Pommerening, Director of Molins Capital Inversión. Roberto Saint-Maló, Managing Partner at Adara, added, “At Adara, we seek to support businesses that offer a high growth potential, including at an international level, and we have seen significant potential of this nature at Polymita Technologies.”

About Polymita Technologies - www.polymita.com
Polymita Technologies empowers organisations of all sizes and sectors to achieve significant productivity improvements through its business process management (BPM), portals and enterprise content management (ECM) platform. Organisations that have deployed Polymita Technologies products include the European Union, Caja Madrid, Corporación Uninser (Grupo Unicaja), Euromadi, San Juan de Dios Hospital, Maastricht Hospital, Prestige Hotels, La Salle Engineering and Architecture University, Fundación Collserola, Fira de Barcelona and Barcelona City Council (Ayuntamiento de Barcelona).

About Molins Capital Inversión S.C.R. S.A. (MCI)
Molins Capital Inversión is an independent venture capital company based in Barcelona that supports its portfolio companies with active management and with a wide network of sector specialists. MCI differentiates itself through the complementary skill set of its management team and through its entrepreneurial shareholders. MCI takes minority stakes in companies that prove to have an innovative business concept and require capital in their early stage or expansion stage. Normally the company invests between €500.000 and €1.500.000 per transaction and sometimes enters into larger investment rounds through syndication.

About Adara Ventures
Adara Ventures is a venture capital vehicle, based in Luxembourg, which invests in high-growth, internationally-oriented and innovative ICT ventures. Adara’s main focus within this space are companies that are based in or address the Spanish market. The Adara team features extensive investing and operational experience, and seeks to offer decisive growth and developmental support to portfolio companies.

For more information please contact:

Polymita Technologies
Patricia Castellón
Communications Manager
T. +34 93 415 56 21
patricia.castellon@polymita.com
www.polymita.com

Molins Capital Inversión
Christopher Pommerening
Director
T. +34 93 487 6666
pommerening@acpvc.com
www.acpvc.com

Adara Advisors SL
Roberto Saint-Malo
Managing Partner
T. +34 91 451 70 70
rsaintmalo@adaravp.


Publisher Contact Information:

Polymita Technologies
+34 934155621
patricia.castellon@polymita.com

Company profile of Polymita Technologies
Past press releases of Polymita Technologies.

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