DEBAEQUE • Venture Capital •

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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, 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 more than 100 new jobs in next year.

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