LONDON, August 13 /PRNewswire/ -- PNMsoft, developer and marketer of
software products and professional services for business process management
(BPM), today announced securing an investment of USD 3.3 million to expand
its global operations.
The investment in PNMsoft was made by Goldrock, an investment fund that
focuses on mature technology companies, and part of the Goldman Investments
Group.
The Group's investments include Invu Inc, developer of document
management software, listed on AIM in 2004, quadrupling in value since; and
BATM Advanced Communications Ltd, provider of telecommunication equipment,
which is also traded on the London Stock Exchange.
"Goldrock's investment provides PNMsoft solid financial backing
enabling it to accelerate and expand overseas operations, with a particular
focus on Europe," said Gal Horvitz, CEO of PNMsoft. "We plan to play a
dominant role in our segment within Europe as well as expand our North
American activities in preparation for a future public offering. Goldrock
has close ties with key players in the global software and capital markets,
especially in the UK, a market on which we focus."
Daniel Goldman, CEO of the Goldman Group and partner in Goldrock Fund
said, "The strength of PNMsoft's management team was the key factor that
attracted us to the Company. Gal and his team have built PNMsoft's steady
chain of successes, creating a strong reputation in the BPM market. PNMsoft
has a proven product in a growing market and we are happy to support their
accelerating international expansion," added Goldman.
PNMsoft is the developer of SEQUENCE(TM), a system that enables the
fast and simple setup, operation and management of business know-how and
processes. Sequence automated modules run a range of business work flows
(production, development, acquisition, finance and more) with significant
time and cost savings.
Over the past year, Sequence was adopted as BPM infrastructure by many
customers, including NTA, metropolitan mass transit system company, the
Miller Group - one of Canada's major engineering companies and the water
supplier of Ontario, the First International Bank's provident funds,
Associated British Foods, one of the largest food suppliers in Europe, and
more.
PNMsoft was also recently admitted to the prestigious Microsoft
Business Process Alliance. The Company's R&D operations are based in
Israel, the international headquarters are located in London. For more
information visit http://www.pnmsoft.com
For further details:
Gal Horvitz
CEO, PNMsoft
+972-9-8853633 #201
gal@pnmsoft.com
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