Exody Secures Financing
Opening New Markets with Venture Capital
Exody E-Business Intelligence GmbH Secures Financing by ABN AMRO
Enabling International Expansion and New Products
[Mar 3,2000]
Eschborn - March 3, 2000 - Exody E-Business Intelligence GmbH, one of Europe's leading providers of software solutions for the analysis of e-business activities, has secured financing by ABN AMRO Ventures BV. The additional capital enables Exody to quickly proceed with the international expansion of its activities. Branch offices in London and Stockholm are to open in summer, before Exody's strategy aims for the U.S. market. Solutions for Application Service Providers (ASP) will complement the current product portfolio.
In WebSuxess and ShopSuxess, Exody E-Business Intelligence GmbH offers two solutions for the professional analysis and improvement of online shopping and web site visitor behavior. After introducing ShopSuxess last October in New York at the Internet World and the Intershop Open, Exody launched this innovative product to the European public at the CeBIT. With ShopSuxess, Exody takes the lead as one of the first providers worldwide of standardized analysis solutions for online shops.
ABN AMRO, one of the world's largest investment banks, relies on ABN AMRO Capital for consulting in private equity investments in Germany, Austria and Switzerland. ABN AMRO Capital arranges management buy-outs and buy-ins starting at 2.5 million Euro, as well as pre-IPO financing. As ABN AMRO has selected e-business companies as an investment focus, Exody E-Business Intelligence GmbH with its product and market strategies is a perfect match for ABN AMRO's company portfolio. The investor is confident about Exody's sound business case and the qualities of the management team.
Given its prevised international market penetration, Exody benefits greatly from ABN AMRO's global company portfolio. Conversely, Exody's well-positioned product line promises to deliver fruitful synergy effects among the international network of ABN AMRO's investments.
About Exody E-Business Intelligence GmbH
Exody E-Business Intelligence GmbH is leading provider of software solutions to analyze the performance of e-business activities. The products WebSuxess and ShopSuxess provide an encompassing software platform to analyze performance of and optimize web sites and online shops. Exody E-Business Intelligence GmbH is headquartered in Frankfurt. It is a company of HLP Information Management which has realized complex Internet projects since 1997. The complementing know-how in the areas of ERP, e-commerce and knowledge management yields outstanding synergy benefits. Further information at www.exody.net.
About ABN AMRO Capital
ABN AMRO Capital is the exclusive consultant for private equity investments of ABN AMRO in Germany, Austria and Switzerland. ABN AMRO's private equity network comprises 120 employees in twelve countries who are handling about 250 investments for a total volume of over 2.6 billion Euro. Germany's headquarters in Frankfurt currently serve ten investments with a total revenue of 300 million Euro and about one thousand employees. ABN AMRO's venture capital operations are affiliated with the investment banking unit of ABN AMRO Bank N.V., which is one of the world's leading investment banks with annual accounts covering 465 billion Euro. Further information at www.abnamro.com.
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