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Iris Capital and GIMV acquire majority share in Dutch software company Human Inference


Paris, April 3, 2007, Iris Capital (France) and GIMV (Belgium) announce the majority purchase through a Management Buy Out in Human Inference, the European market leader in the field of data quality solutions.

“Human Inference enjoyed excellent growth of around 100% in revenue since our previous financing round in 2003”, states Human Inference’s CEO Hugo Verwijs. “We are well on schedule to grow at an even higher rate over the coming years. Moreover the company will continue to deliver leading-edge data quality solutions tuned for local needs, with a strong focus on growth in Western Europe”.

“This new partnership with two tier 1 European investors is a tremendous opportunity for Human Inference”, continues Hugo Verwijs. “Their active involvement and pan-European expertise will allow us to further establish our position as the European authority on data quality. I feel confident our customers will benefit from this development and our organization will contribute significantly to the further development of the market.”

Steven Coppens, Senior Investment Manager of GIMV: “We are very happy to take the lead in this financing. Human Inference is an exceptional company with a sound strategy. The market for data quality solutions is large and very dynamic with multiple vendors. We believe Human Inference is the European software vendor that has the best technology platform and the highest potential to become the leading player in this market.”

Erkan Kilicaslan Partner of Iris Capital: “Our confidence in the management and their ability to accelerate the growth of this business was key to go ahead with this investment. We are convinced that the company now has all the right ingredients to reach even greater heights.”


About Human Inference
Human Inference is market leader in the field of solutions that improve data quality and prevent data pollution. The software is based on natural language processing that uses country-specific knowledge. The solutions make integration of data from different sources possible. The software is geared to large databases and mission-critical systems to which high data quality is essential.

More than 180 companies use the Human Inference solutions in order to achieve customer intimacy, operational excellence and compliance. High quality data is crucial to ensure and maintain an integrated customer view, compliance with regulations, fraud detection and efficient search processes at call centers.

Next to the corporate office in Arnhem (The Netherlands), Human Inference has offices in the UK, Germany and Belgium as well as representatives in France, Italy, Switzerland and Austria. The Human Inference software is used by such companies as ABN AMRO, Allianz, Centraal Beheer Achmea, Center Parcs, Delta Lloyd Insurances, Dutch Railways, Dutch Tax Office Automation Center, KPN Telecom, ING, E.ON IS, O2, Schufa, Sparkassen Informatik, Telegraaf, Wegener, and TNT Express. For more information, please visit www.humaninference.com


About GIMV
Since its incorporation in 1980 GIMV has grown into Belgium's most important venture capital provider and company-builder. GIMV has now become a major European and international market player. Both in Belgium and abroad, GIMV invests in information and communication technology, life sciences as well as in growth financing and management buy-outs (MBOs) of companies in more traditional sectors. With its own portfolio and third party fund activities together GIMV today manages more than EUR 1.5 billion. GIMV has been listed on Euronext Brussels since 1997. Companies in the GIMV ICT portfolio include 3mensio, BAI, Clear2Pay, L&C, Liquavista, Metris, Proficient (Liveperson), Xanadu Wireless For more information, please visit www.gimv.com


About Iris Capital
Iris Capital is a pan-European venture and development capital company specializing in media, communications and information technology. Since its inception in the mid-eighti


Publisher Contact Information:

Iris Capital
+33 (0)1 45 62 73 73
e.kilicaslan@iriscapital.com

Company profile of Iris Capital
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