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Kennet Venture Partners agrees to invest $5.1 million in Web Integration software company Kapow Technologies

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- Feb 14, 2005 – Venture capital firm Kennet Venture Partners ("Kennet") has agreed to invest â,¬5.1 million in Denmark-based Kapow Technologies A/S, provider of Kapow RoboSuite, a horizontal Web Integration software platform. Web Integration enables business users and non-technical programmers to rapidly integrate or extend applications and content. For corporations embarking on application integration, Intranet or portal projects, this means faster project ROI and considerable time-to-market advantages.

RoboSuite is already highly successful in the international market, with more than 70 customers worldwide. Kapow Technologies will use the capital to expand its international presence, and to further develop its suite of Web Integration solutions. The main focus of expansion will be the continuing build-up of Kapow Technologies' US operations.

BEA Systems (Nasdaq: BEAS), a world leader in application infrastructure software, is a key technology and distribution partner for Kapow Technologies. RoboSuite WebLogic Edition complements BEA's portal platform by enabling fast and easy integration of Web applications and content into the enterprise portal.

"We have been impressed with the capability of Kapow's technology, and the degree of customer traction the company has achieved to date. For Kennet this is an opportunity to participate in a software industry paradigm shift — development of a new breed of integration solutions that can tie together applications and content with minimal IT skills required," said David Carratt, managing director of Kennet in London. He added: "RoboSuite empowers businesses to integrate functionality from disparate sources for quick response to market demands, and at the same time it offers core IT staff the ability to deliver more services without resorting to heavy back-end application integration projects."

"Having witnessed the business benefits of Kapow's software within large US and European enterprises we are convinced that we can assist Kapow in accelerating the delivery of Web Integration solutions into the mainstream market. We look forward to working with the team from Kapow Technologies to build a successful US operation in the coming years," said Javier Rojas, managing director of Kennet in Silicon Valley.

Stefan Andreasen, the CEO and founder of Kapow Technologies, states: "The investment from Kennet comes at a time when Kapow's rate of new customer acquisition and revenues are growing rapidly. We are excited by the opportunity to work with Kennet to further accelerate this growth and to maintain our leadership in the area of Web Integration software."

For further information, please contact:
Kapow Technologies A/S
Stefan Andreasen,