Newmerix Corp. Secures $7 Million in New Financing
Mobius, Siemens and IDG Back Plan to Launch New Oracle and SAP Product Suites and Expand Domestic and International Sales Channels
Superior, Colo., (January 2, 2007) – Newmerix, the only company providing integrated lifecycle and compliance management solutions for the metadata architectures of enterprise applications, today announced that it has secured $7 million in additional financing to sustain its growth and expand its product suites. Existing capital partners Mobius Venture Capital, Siemens Venture Capital and IDG Ventures Pacific participated in the round.
“Newmerix grew substantially in 2006—more than doubling new customers, expanding product offerings, and driving quarter over quarter and annual financial results,” said Dan Gannon, President and CEO of Newmerix. "We have had tremendous market acceptance of our PeopleSoft suite, as well as our new SAP® products, and great interest in our plans to quickly add Enterprise Application Lifecycle Management offerings for other Oracle applications. We will use the additional capital to expand our sales distribution, build domestic and international sales channels, and extend our suite of products, further enhancing our ability to help companies manage their extensive change and regulatory compliance requirements.”
"Newmerix has an unmatched capability to manage the complex change cycles of enterprise applications by working with their metadata architecture,” said Seth Levine, Principal at Mobius Venture Capital. “This ability has helped them win against the largest competitors in this space time after time. With Oracle and SAP rolling out new products to the marketplace combined with the need to automate compliance requirements, Newmerix is poised for strong growth.”
The Newmerix Automate!™ Suite offers innovative technology that tracks, migrates, tests and controls changes to the enterprise application’s proprietary metadata architecture, whether it’s PeopleSoft’s objects or SAP’s BASIS/ABAP. These proprietary architectures are like the application’s DNA, controlling how it appears and behaves.
Newmerix provides a full suite of program management, functional testing, and change control software to manage the end-to-end application lifecycle activities for SAP and Oracle applications. No other provider offers an integrated Enterprise Application Lifecycle Management suite that manages software at the metadata level. The suite helps companies:
• Stay current with SAP, PeopleSoft and Oracle eBusiness patches, bundles and upgrades
• Comply with regulatory mandates such as Sarbanes-Oxley
• Improve SAP, PeopleSoft and Oracle eBusiness application quality and minimize affect on business operations
• Control application change processes
Newmerix provides the only automated lifecycle and compliance management solution built specifically for the metadata architectures of enterprise applications, such as Oracle eBusiness, PeopleSoft, Siebel, and SAP. Through patent-pending metadata technology, Newmerix’s fully integrated Automate!™ suite of lifecycle management, automated testing and change control software helps IT reduce the time and resources required to manage its growing portfolio of enterprise applications. For more information please call 303-350-3900 or visit our website at www.newmerix.com.
About Siemens Venture Capital
Siemens Venture Capital (SVC) is the 500 million euro corporate venture organization for all Siemens’ businesses worldwide. The goal is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens in areas such as Information and Communication, Automation and Control, Medical Solutions, Transportation Systems and Power. To date, SVC has invested in more than 70 start-up companies and 30 venture capital funds mainly in the U.S., Europe and Israel. For more information: www.siemensventurecapital.com.
About Mobius Venture Capital
With offices in Palo Alto, California and Superior, Colorado, Mobius Venture Capital is a $2 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders in the investment banking community. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry’s best entrepreneurs to create a powerhouse portfolio of over 100 of the world’s leading high technology companies. For more information on the fund’s investment team, technology vision and portfolio companies, please visit www.mobiusvc.com.
About IDG Ventures Pacific
IDG Ventures Pacific is part of the IDG global family of venture funds which have approximately $1 billion under management and have invested in roughly 200 portfolio companies spanning North America, Europe and Asia over the last decade. The firm’s limited partner, International Data Group, is the world’s largest IT media and research company, publishing over 300 magazines in 85 countries read by more than 100 million people each month and producing over 170 computer-related conferences and trade shows. Through this partnership, IDG Ventures Pacific can uniquely add value to its portfolio companies by facilitating revenue acceleration, global expansion and establishing relationships with key strategic partners. By leveraging the IDG Platform – an unparalleled combination of global IT market research, media and financing resources – IDG Ventures Pacific helps its companies understand their markets better and penetrate them faster than their competition. This combination of international perspective, local market expertise and resources accelerates growth and reduces early-stage risk for IDG Ventures Pacific portfolio companies. For more information, visit www.idgventures.com.
SAP is the registered trademark(s) and ABAP is the trademark of SAP AG in Germany and in several other countries.
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