Bullnet Capital to Empower Plastic SCM

Distributed Enterprise Software Configuration Management Solution Secures Venture Funding to Go Global



Boecillo Tech Park, Spain - February 25, 2009- Codice Software (www.codicesoftware.com), the company behind Plastic SCM, the most innovative software version control system to date, today announced the closing of a significant round of venture capital financing lead by Bullnet Capital.

The board of Codice decided that in order to support its business plan, focused on the international expansion of its leading Plastic SCM configuration management solution, it would seek the support of Bullnet Capital. “Plastic SCM intends on expanding into the international market, and during the past years it has been recognized as an important alternative to leading competitors. Now it’s time to run a stronger marketing campaign while the product development continues at a fast pace. Bullnet Capital will not only provide financial support but we will benefit from their extensive experience with high tech start-up companies” – said Pablo Santos, CEO of Codice Software.

Bullnet Capital is an experienced high tech investor company; its portfolio includes a number of software ventures. Bullnet sees great potential in Plastic SCM and the global software development market, which is the reason behind its investment.

Plastic SCM is defined as “The distributed version control for the enterprise” and focuses on bringing teams distributed across different locations an easy to use system and all the power of real parallel development. Plastic SCM is supported by a strong, scalable server, supports multiple databases, provides distributed development support, best of breed branching and many more industry-leading benefits. . In addition to the server, Plastic includes unique features such as 3D visualization of versioned history, graphical branch management, and the most attractive graphical user interface in the SCM industry.

Software Configuration Management is a core practice in all software development organizations, and companies are increasingly improving their software development practices and methodologies in order to improve productivity and quality, and decrease software development cycle times.

About Bullnet Capital

Bullnet Gestión is a Spanish independent venture capital firm, managed by Javier Ulecia and Miguel del Cañizo. Bullnet Gestion is specialized in technology oriented projects and currently manages two investment funds: Bullnet Capital I SCR and Bullnet Capital II SCR.

About Codice Software

Codice Software is a CMMi awarded company which uses progressive methodologies and agile practices to produce Plastic SCM, a leading softwqare configuration management and version control solution used by innovative companies who demand enterprise, distributed software version control Codice Software is a privately held engineering company focused on the design and development of Software Configuration Management solutions. Codice’s main goal is providing a high end SCM product, implementing all the functionalities of the top configuration management suites, and making it affordable to every software company around the globe. Codice’s mission is contributing to the software industry making CM widely available to any-sized organization.

Codice Software head offices are located at Boecillo’s TechPark, the heart of software and technology innovation in the central Spain area, with additional offices in North America, and a network of international distributors.

Contact Information

Pablo Santos

PR Head

Codice Software

Contact via E-mail