BDNA Corporation Announces $12.5 Million in Funding

BDNA Corporation, an innovator in Business Intelligence for IT Governance, today announced that it has closed $12.5 million in Series C funding. Newbury Ventures, based in Orinda, Calif., and Paris, France, is the lead investor for this round of financing. Previous investors, Crescendo Ventures of Palo Alto, Calif. and Motorola Ventures of Schaumburg, Il., also participated in this round.

In addition, Ossama R. Hassanein, managing partner of Newbury Ventures, joined the BDNA Board of Directors. BDNA also continues to build momentum with the addition of two more new members to its board: Pat House, vice-chairman of Siebel Systems (Nasdaq:SEBL) and Ernie von Simson of Ostriker von Simson. They join board members from Crescendo Ventures and Sand Hill Group in advising BDNA as it prepares to roll out the BDNA iGovern(TM) software suite that provides comprehensive, accurate, actionable information and analytics to drive strategic IT alignment, reduce risks, and contain costs.

"By merging analytics with IT Governance, BDNA is addressing an issue that more and more companies are wrestling with: how to align business and technology objectives, optimize IT investments, and keep costs under control in increasingly complex enterprise environments," says Ossama Hassanein. "We were particularly impressed that BDNA has already delivered ROI for organizations like Motorola and the U.S. Navy and are pleased to invest in a company poised for growth."

"We are honored to receive support from these experienced and prestigious executives as we build momentum for the launch of BDNA iGovern," says Constantin Delivanis, chief executive officer of BDNA. "Each offers a vote of confidence in BDNA’s strategy for providing real-time visibility and decision support for companies looking to gain control of their technology investments."

About the New Board Members

Dr. Hassanein is a 35-year veteran of the data communications industry, holding diverse roles as educator, entrepreneur, corporate executive, and venture investor. He is currently chairman of U.K.-based nCipher and N.Y.-based HighDeal Inc. He co-founded and was chairman of ACC (acquired by Ericsson), Algety Telecom (acquired by Corvis), Highwave Optical Technologies, and Technocom, a joint venture with France Telecom. He has also served as a director of NetCentrex in Paris, and as president of Newbridge Networks Holdings in Ottawa, Canada. Earlier in his career, Dr. Hassanein held executive positions with Northern Telecom and Berkeley International Capital Corporation.

Ms. House is vice chairman of Siebel Systems and has held a variety of executive positions at the company, including executive vice president. Prior to joining Siebel, she held managerial and executive positions at Verbatim Corporation, Oracle Corporation, and Frame Technology Corporation. She currently serves on the Board of Directors of Levi Strauss & Co. A frequent industry spokesperson and guest professor at Stanford University, Ms. House is co-author of the business best seller Cyber Rules, published by Doubleday. She has been named one of Fortune’s 50 Most Powerful Women and Entrepreneur of the Year by the Forum of Women Entrepreneurs.

Mr. von Simson is senior partner and co-founder of Ostriker von Simson, a consultancy that formulates IT strategies for the assessment, acquisition, monitoring, and management of emerging technologies and technology-related ventures. Mr. von Simson and his partners also chair the CIO Strategy Exchange which brings together CIOs from the largest multinational enterprises. He was co-founder of the Research Board where he directed the professional staff in examining evolving business models, advanced technology, business applications, and IT best practices. Mr. von Simson’s articles have appeared in the Harvard Business Review, Computerworld, and Fortune. He is a director of Arcsight, Good Technology, and Levanta.

About BDNA

BDNA Corporation is an innovator in Business Intelligence for IT Governance, with the BDNA iGovern(TM) best-in-class software suite that provides comprehensive, accurate, actionable information and analytics to drive strategic IT alignment, reduce risks, and contain costs. Executives in IT, finance and procurement leverage BDNA iGovern software suite for initiatives such as vendor negotiations, asset reconciliation, and standards compliance. Delivering immediate, real-time, and accurate visibility of the entire IT infrastructure — from desktop productivity software to ERP applications, from mobile devices to mainframes — BDNA iGovern is enabling corporations such as Kaiser Permanente, Motorola Inc., The Thomson Corporation, and the U.S. Navy to optimize software maintenance agreements, automate regulatory reporting and manage end of life product transitions. BDNA headquarters are in Mountain View, California, USA. For more information, visit www.BDNAcorp.com.

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