Apesoft secures €2.75 M in Financing from Debaeque

Barcelona, Spain, July 1st, 2009.- Apesoft, a software company,headquartered in Barcelona and with offices in the US, secures €2.75 M in financing from Debaeque.

Apesoft, a software company,headquartered in Barcelona and with offices in the US, that provides high value Business Intelligence software solutions to organizations of all sizes, today announced that it has secured a €2.75 M round of equity financing, from DEBAEQUE.

“We welcome this round of investment from truly value-added investors who team up with us to leverage our international expansion in US. These funding, enables us to expand faster our global presence.” dixit Jaume Juan, founder of
Apesoft.“

Apesoft strength our position in the Spanish software industry, where we have a unique position, with 3 of the most representative local players. We are really pleased to be part of this exciting venture” said Patrick Raibaut, founding
Partner at Debaeque Venture Capital.

With this funding from leading Spanish investors such as DEBAEQUE, Apesoft is poised for significant further growth and leadership in its markets.

About Apesoft
Apesoft is a Business Intelligence software company founded in 1994,headquartered in Spain, and with offices in the US. ApeSoft operates in 10 countries through a network of qualified resellers, consulting partners and OEM’s, who strive to help their customers operate more efficiently, increase productivity, save time, and rise to the challenges of competition. ApeSoft provides complementary high value Business Intelligence software solutions to organizations of all sizes addressing the need to extend their analytical capabilities throughout the company, optimize decision-making processes, improve the ability to identify opportunities, adjust to changes in the competitive environment, and drive improvements in business
performance.
More than 6.000 users in 250 Organizations depend on ApeSoft’s flagship server based Excel report automation and distribution system, DataCycle Reporting.
Apesoft is a growing company with annual sales in 2008 of €1,7 M€ and a net profit of €0,15 M. For 2009 the company is forecasting a strong double digit growth (+64%) due to its international expansion and will create over a 100 new jobs on the next 12 months.

For additional information, see: www.apesoft.com

About DEBAEQUE
Debaeque is an independent venture capital firm, based since 2001 in Spain, dedicated to investments in TMT (Telecommunications, Media and Technology) with a specific focus in the software and Internet/media industries.
Debaeque seeks out the top entrepreneurial teams in each investment area and then brings to bear all of its core assets in helping the entrepreneurs to build their company. Debaeque’s involvement has ranged from helping companies get started and structuring spin-outs to assessing strategic options, recruiting key personnel, providing marketing assistance and closing business development deals.
DEBAEQUE has a unique and distinguishing focus in the field of investment, with special emphasis on generating business in its portfolio’s companies.
DEBAEQUE’s software investments include Oasyssoft (www.oasyssoft.com ) and NTR Global (www.ntrglobal.com).

For additional information, see: www.debaeque.com