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LIBeLIS Concludes Its Second Round of Financing

This second round was led by Iris Capital and all historic investors followed: iSource, Innovacom, Cap Decisif, bringing total investment in the EIA software developer to 6 million euros.

Paris, France — June 30, 2004 - LIBeLIS SA, the European leader in Enterprise Information Access (EIA) today announced that is has raised € 4.000.000 in a second round of financing led by new investor, Iris Capital. Existing investors Innovacom, iSource and Cap Decisif, confirmed their confidence in LIBeLIS's plans and strategy with increased investments in the company.

Pierre Violo, Chairman and CEO declared, "This new investment constitutes a major milestone in LIBeLIS's history. It will enable us to confirm our leadership position in the EIA market by developing our international presence and to initiate the development of the US market. We will also accelerate the introduction of new offers in the LiDO and Navilis product lines, the development of strategic partnerships and the creation of brand awareness."

Eric Samson the Founder and CTO of LIBeLIS added, "We help our customers address a mission critical problem. In terms of IT infrastructure, there is nothing more important for corporations than to provide their customers and employees with applications that deliver a high level of performance while enabling them to access information efficiently, securely and safely. By delivering on these objectives, we provide strong ROI to our customers. Using LiDO, application performance can be improved 10 to 30 times, and data becomes accessible from any data environment (relational, mainframe, XML, Object...)."

LIBeLIS delivers the best performance and offers the most complete solution to access enterprise data. All software is based on industry standards, such as Java, J2EE, and JDO and LIBeLIS's products already comply with the SDO requirements promoted by IBM and BEA. LIBeLIS is committed to protecting customers' legacy investment through its approach of taking what the customer already has and rendering it more performant. Moreover, LIBeLIS is the only EIA player that addresses the entire enterprise customer, from developers to delivery teams, to business teams.

Frederic Humbert of Innovacom indicated that it was "dedication to customer support, so that customers can build a solution that will run 24 hours a day and 7 days a week that set LIBeLIS apart". Curt Gunsenheimer of Iris Capital, echoed this sentiment, "We invested in LIBeLIS after thorough checks with their customers, partners and the market. These checks confirmed the value of LIBeLIS' value proposition and the quality of its products and customer support."

"We think that LIBeLIS has the potential to be a key player in the Enterprise Information Access market" added Yvan Michel Ehkirch of iSource Gestion. "We invested in LIBeLIS a year and half ago and we are very satisfied to see that already over 50% of their business is coming from international markets. This clearly demonstrates the value of their LiDO and Navilis product lines" indicated Olivier Dubuisson of Cap Decisif.

About LIBeLIS

LIBeLIS, headquartered in Paris, is the European EIA (Enterprise Information Access) software leader. LIBeLIS develops the standards based LiDO and Navilis product families that together provide the only answer to the challenge of accessing data from Java J2EE applications in heterogeneous data environments, (including RDBMS, Mainframe, XML, ODBMS, flat files etc.) with optimal performance, scalability and investment protection. More than 50 large to medium sized business clients including BNP Paribas, Fiducia, BPER (Rothschild), France Telecom, Ericsson, Thales, Conforama... already use Libelis products and an additional 45.000 people throughout the world have downloaded LiDO. LIBeLIS is a privately held company that benefits from strong financial backing from some of Europe's leading venture capital funds. LIBeLIS is member of the JDO expert group. LIBeLIS, headquartered in Paris, has offices in Germany and the UK and distributors in Asia, North America and Israel.

Xcalia Media Inquiries:

Kurt Foeller
kurt@foellercom.com
Phone (415) 578-3251

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