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Newmerix Corp. Closes $5 Million in Series B Financing Led By Siemens Venture Capital

Posted on: Tuesday, 10 January 2006, 12:00 CST

SUPERIOR, Colo., Jan. 10 /PRNewswire/ -- Newmerix Corp., a provider of automated testing and change management software for packaged applications, announced today that it has closed a successful $5 million follow-on Series B financing round, led by Siemens Venture Capital GmbH. Existing investors Mobius Venture Capital and IDG Ventures also participated in the round. Newmerix will use the funds to grow its research and development team and sales staff, as well as expand the breadth and depth of its Automate! software suite.

"Our success in acquiring customers in 2005 has encouraged us to accelerate development plans and product launches into additional packaged application markets," said Edward Roberto, president and CEO of Newmerix. "The Series B funds will allow us to capitalize on the opportunities created by Oracle's acquisition strategy and the growing demand to extend our product portfolio."

"Newmerix has a compelling story for anyone responsible for managing packaged applications," said Todd Jaquez-Fissori, Investment Partner at Siemens Venture Capital. "This funding will allow Newmerix to expand its efforts significantly and bring the proven benefits of their Automate! software suite to more customers.

"Newmerix's Automate! software is an integrated suite of program management, automated testing and change management software specifically designed for the unique architecture of packaged applications such as PeopleSoft, SAP, Oracle and Siebel. The first two products in the suite, Automate!Program Manager and Automate!Test, were released in 2004 to address the growing demand by packaged application customers to manage the chronic problems of change, planning and quality that frequently plague packaged application upgrades and implementations. Newmerix will complete its Automate! software suite with the release of a change management application in 2006.

About Newmerix:

Newmerix provides the only application management solution that accesses, tracks and analyzes the metadata of packaged applications such as Oracle|PeopleSoft. Through this patent-pending technology, Newmerix's fully integrated Automate! suite of program management, automated testing and change management software helps IT reduce the time and resources required to manage, change and test their growing portfolios of packaged and composite applications. For more information please call 303-350-3900 or visit our website at http://www.newmerix.com/.

About Siemens Venture Capital:

Siemens Venture Capital (SVC) is the 700 million euro corporate venture organization for Siemens AG, one of the largest global electronics and engineering companies, with reported worldwide sales of 75,4 billion euro in fiscal 2005. The goal of SVC is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens, particularly in Information and Communications, Automation and Control, Medical Solutions, Automotive Technology and Transportation Systems, Power, and Lighting.

To date, SVC has invested some 700 million euros in far more than 100 start-up companies and 30 venture capital funds mainly in the U.S., Europe and Israel, thus playing a key role in the global network of innovation. SVC is located in Germany (Munich), in the U.S. (San Jose, CA and Boston, MA) and is active through Siemens regional units in Israel and China.

SVC is part of a greater network at Siemens whose mission is to drive technological innovation by supporting start-up companies. In addition to Siemens Venture Capital, Siemens Technology Accelerator, and Siemens Technology-To-Business Center contribute to the innovation strategy of Siemens. Their individual mandates are defined according to financing stages and industry focus. More: http://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 http://www.mobiusvc.com/.

About IDG Ventures:

IDG Ventures is a global venture capital firm with approximately $600 million under management and a portfolio of over 100 companies built over the last 10 years. With offices in Boston, London, San Francisco, Seattle and throughout China, the firm invests in early-stage companies, partnering with entrepreneurs to build category leaders. The firm's limited partner, International Data Group, is the world's largest IT media and research company, publishing over 250 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 can uniquely add value to its portfolio companies by facilitating revenue acceleration, global expansion and establishing relationships with key strategic partners. For more information, visit http://www.idgventures.com/.

Newmerix Corp.

CONTACT: Lauri Harrison of Lauri Harrison Public Relations for NewmerixCorp., +1-303-885-4200, or LH@LauriHarrison.com

Web site: http://www.idgventures.com/http://www.newmerix.com/http://www.mobiusvc.com/http://www.siemensventurecapital.com/

Source: PRNewswire

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