Company Will Use Investment to Further Enhance Research and Development for FeaturePlan™
Montreal, Quebec – November 2, 2005 – Ryma Technology Solutions Inc. announces that it raised $3 Million in funding by Novacap, a leading private equity and venture capital group. This investment will mainly serve to respond to the opportunities resulting from the growing popularity of its flagship product, FeaturePlan™, which helps companies achieve effective market-driven Enterprise Product Management (EPM) strategies through innovative technology and professional services. FeaturePlan provides more efficient management of tactical information and increased effectiveness of strategic planning and decision-making, and gives Product Management an organized, repeatable process to collect, manage and report on information pertinent to upcoming releases.
“We are very proud to have Novacap invest in our company,” said René Bellei, President and CEO of Ryma Technology Solutions. “It is very exciting to have such a reputable firm onboard with us. We have a great team of people at Ryma, and the addition of Novacap as an investor further validates our business direction and the ability of our team to execute on it. Furthermore, we have exceeded all our business goals - our customer base has increased by more than 250% in the last 10 months which, in turn, has had a tremendous impact on our revenue growth. With these facts, along with Novacap’s investment, we are poised to expand our market share in all key growth areas.”
“Ryma Technology Solutions is a strong addition to the Novacap Technology portfolio,” said Pascal Tremblay, Vice President, Novacap. “Ryma’s leading product, FeaturePlan, targets an important market in a growing industry segment. Their deep expertise in the technology sector, plus a true understanding of the complexities that product managers typically face, gives Ryma a real advantage. Ryma already has an impressive track record in the area of Enterprise Product Management with FeaturePlan, and we look forward to working with them and contributing to their continued success.”
“Ryma’s FeaturePlan presents a compellingly flexible set of capabilities, enhanced by a superb User Interface, that we found to be one of the best on the market,” said David McCann, Senior Vice President, Products, at Filenet. “The fact that they have been backed up by a reputed investor has only reinforced our confidence in their ability to deliver and enhance the solution.”
Ryma will apply the financing towards extending its Sales and Marketing functions, as well as continued research and development for FeaturePlan.
About Novacap
Novacap is a leading private equity and venture capital group managing over $250 million in capital. Novacap invests mostly in private companies with the objective of turning them into world class businesses that can dominate their market niche. Novacap Industries, its private equity division, targets dominant players in various industries that are looking to grow, either organically, by way of strategic alliances or through acquisitions. Novacap Technologies, its venture capital division, concentrates its activities on high-tech companies in the information technology and communication industries. The Novacap team is characterized by an extensive operational and financial expertise in a variety of sectors. To learn more about Novacap, please consult the website www.novacap.ca.
About Ryma Technology Solutions
Ryma Technology Solutions Inc.’s user-centric approach to Enterprise Product Management delivers a leading-edge software solution for companies building market-driven products. The company’s flagship product, FeaturePlan, provides a collaborative environment that allows all stakeholders, internal and external, to take part in the definition, planning and management of the company’s products in a structured, secured, and repeatable fashion. FeaturePlan enables Product Management to optimize product life cycle management, product development, product marketing and product planning for a firm’s upcoming release. Ryma Technology Solutions also provides a full range of professional services that assist organizations in implementing market-driven best practices for their Product Management team, and is the first company to employ the Pragmatic Marketing* framework in its solution. Headquartered in Montreal, Quebec, Ryma Technology Solutions is led by an experienced management team and serves a rapidly expanding customer base. For more information, please visit www.rymatech.com.
