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Conformia Closes $7M Series B Financing To Fuel Commercialization Of Conformance Software For Regulated Process Industries 10/19/2005 5:10:38 PM Foundation Capital leads round with participation from Sequoia Capital REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 30, 2004-- Conformia Software Inc., the leader in Product Conformance Management (PCM) software for regulated process industries such as beverage alcohol and life sciences, today announced the close of a $7M Series B financing. Foundation Capital led the round with full participation by Sequoia Capital, the lead Series A investor. "Conformia is coming off a highly successful 2003, and highlights included our initial product launch, delivery and deployment; the securing of customers in both our key vertical industries - beverage alcohol and life sciences - and the scaling of our product development process," said Joe Prang, chairman and CEO. "The strong support of two top tier venture firms is a clear demonstration of the overall progress of the company. With additional resources and our customer success, we are now funded to significantly ramp up - in turn offering our customers a compelling, high growth opportunity from a stable, well funded supplier." "Our Series B financing exceeded our goals for the amount of funding and the post money valuation. Nearly tripling our post money valuation for Series B versus Series A is a clear demonstration of the overall progress of the company." Foundation Capital is known for its established track record of success in enterprise software with previous investments in companies such as CommerceOne, Documentum, Interwoven and Pure Software. Paul Holland, general partner for Foundation and former executive with software firms such as Kana, and Pure Software (Rational) has joined the board of directors. "Conformia enjoys that rare combination of an industry veteran team, addressing a new large untapped opportunity, with a unique approach," says Holland. "We identified compliance / conformance software as a significant growth opportunity and feel Conformia will be a leader in that arena." Sequoia Capital has its own successful track record of enterprise software investments including Oracle, Documentum and Google. Sameer Gandhi, general partner and Conformia board member, commented "Conformia has made tremendous progress in a short period of time. Its timing to enter and develop the market in its target verticals couldn't have been better." About Conformia Software Conformia develops and markets Product Conformance Management (PCM) software solutions to regulated, process industries. PCM enables businesses to control and optimize the business, scientific, and compliance characteristics of their products. Conformia markets industry specific solutions to the Life Sciences and Beverage Alcohol industries. Conformia's solution improves product quality and integrity; enhances operational visibility and traceability; and decreases product and compliance related costs and risks. The company is headquartered in Redwood City, CA. For more information, please visit www.conformia.com or contact Neil Kataria, 650-780-5854, nkataria@conformia.com. About Foundation Capital Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in enterprise software; telecommunications and networking; and Internet infrastructure. Foundation Capital funds total over $1.1 billion and include Harvard, Yale, CalTech, the Hewlett Foundation and MacArthur Foundation as investors. Paul Holland currently serves on the board of directors for Talking Blocks (recently acquired by Hewlett-Packard), manageStar, Ketera, RouteScience and TuVox. He played a lead role in taking two venture-funded software start-ups, Kana Communications (KANA), and Pure Software (RATL), public. For more information, visit www.foundationcapital.com or contact: Tim Turpin 415-392-8282, tim@outcastpr.com. About Sequoia Capital Partners Since 1972, Sequoia Capital has provided startup venture capital for very smart people who want to turn ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Sandy Lerner and Len Bozack of Cisco Systems, Jerry Yang and David Filo of Yahoo!, Larry Page and Sergey Brin of Google, Dan Warmenhoven of Network Appliance, T.J. Rodgers of Cypress Semiconductor, Steve Jobs of Apple Computer and Larry Ellison of Oracle. The companies organized by Sequoia Capital now account for about 10% of the value of NASDAQ. To learn more about Sequoia Capital visit www.sequoiacap.com. -------------------------------------------------------------------------------- Contact: Conformia Software Inc. Neil Kataria, 650-780-5854 nkataria@conformia.com. www.conformia.com -------------------------------------------------------------------------------- Source: Conformia Software Inc.

Conformia Closes $7M Series B Financing To Fuel Commercialization Of Conformance Software For Regulated Process Industries
10/19/2005 5:10:38 PM

Foundation Capital leads round with participation from Sequoia Capital

REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 30, 2004-- Conformia Software Inc., the leader in Product Conformance Management (PCM) software for regulated process industries such as beverage alcohol and life sciences, today announced the close of a $7M Series B financing. Foundation Capital led the round with full participation by Sequoia Capital, the lead Series A investor.

"Conformia is coming off a highly successful 2003, and highlights included our initial product launch, delivery and deployment; the securing of customers in both our key vertical industries - beverage alcohol and life sciences - and the scaling of our product development process," said Joe Prang, chairman and CEO. "The strong support of two top tier venture firms is a clear demonstration of the overall progress of the company. With additional resources and our customer success, we are now funded to significantly ramp up - in turn offering our customers a compelling, high growth opportunity from a stable, well funded supplier."

"Our Series B financing exceeded our goals for the amount of funding and the post money valuation. Nearly tripling our post money valuation for Series B versus Series A is a clear demonstration of the overall progress of the company."

Foundation Capital is known for its established track record of success in enterprise software with previous investments in companies such as CommerceOne, Documentum, Interwoven and Pure Software. Paul Holland, general partner for Foundation and former executive with software firms such as Kana, and Pure Software (Rational) has joined the board of directors. "Conformia enjoys that rare combination of an industry veteran team, addressing a new large untapped opportunity, with a unique approach," says Holland. "We identified compliance / conformance software as a significant growth opportunity and feel Conformia will be a leader in that arena."

Sequoia Capital has its own successful track record of enterprise software investments including Oracle, Documentum and Google. Sameer Gandhi, general partner and Conformia board member, commented "Conformia has made tremendous progress in a short period of time. Its timing to enter and develop the market in its target verticals couldn't have been better."

About Conformia Software

Conformia develops and markets Product Conformance Management (PCM) software solutions to regulated, process industries. PCM enables businesses to control and optimize the business, scientific, and compliance characteristics of their products. Conformia markets industry specific solutions to the Life Sciences and Beverage Alcohol industries. Conformia's solution improves product quality and integrity; enhances operational visibility and traceability; and decreases product and compliance related costs and risks. The company is headquartered in Redwood City, CA.

For more information, please visit www.conformia.com or contact Neil Kataria, 650-780-5854, nkataria@conformia.com.

About Foundation Capital

Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in enterprise software; telecommunications and networking; and Internet infrastructure. Foundation Capital funds total over $1.1 billion and include Harvard, Yale, CalTech, the Hewlett Foundation and MacArthur Foundation as investors. Paul Holland currently serves on the board of directors for Talking Blocks (recently acquired by Hewlett-Packard), manageStar, Ketera, RouteScience and TuVox. He played a lead role in taking two venture-funded software start-ups, Kana Communications (KANA), and Pure Software (RATL), public. For more information, visit www.foundationcapital.com or contact: Tim Turpin 415-392-8282, tim@outcastpr.com.

About Sequoia Capital Partners

Since 1972, Sequoia Capital has provided startup venture capital for very smart people who want to turn ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Sandy Lerner and Len Bozack of Cisco Systems, Jerry Yang and David Filo of Yahoo!, Larry Page and Sergey Brin of Google, Dan Warmenhoven of Network Appliance, T.J. Rodgers of Cypress Semiconductor, Steve Jobs of Apple Computer and Larry Ellison of Oracle. The companies organized by Sequoia Capital now account for about 10% of the value of NASDAQ. To learn more about Sequoia Capital visit www.sequoiacap.com.

-------------------------------------------------------------------------------- Contact:

Conformia Software Inc.

Neil Kataria, 650-780-5854

nkataria@conformia.com.

www.conformia.com

--------------------------------------------------------------------------------

Source: Conformia Software Inc.