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Visiprise Receives $16 Million in New Funding to Accelerate Growth, Advance SAP Partnership, Fund Future Acquisitions

ATLANTA, GA - August 2, 2005 — Visiprise, Inc., a recognized leader in helping manufacturers manage and control global operations to improve product quality and compliance, today announced it has closed on a $16 million round of funding led by Investor Growth Capital (IGC). This oversubscribed, second round of funding also included RRE Ventures, Morgan Stanley Venture Partners, Canaan Ventures and Wheatley Partners, and it brings total company funding to $18.3 million. In conjunction with the round, IGC’s Noah Walley and Phil Dur will join Visiprise’s board of directors.

"This round of funding will enable Visiprise to quickly capitalize on our development and delivery of a true global manufacturing platform that today offers companies as much as a tenfold return on their manufacturing IT investments," said Sean McCloskey, president and chief executive officer of Visiprise. "We see our ability to attract blue-chip investors in this round of funding as a strong endorsement of the company we have built over the past few years. We looked for investors who could help us move quickly towards our goal of becoming the preeminent provider of solutions that help power manufacturing operations management. Investor Growth Capital has the long-term investment strategy, active approach, demonstrated network, and global reach that we were seeking to help Visiprise realize this objective."

McCloskey said the new funding will be used to fuel expansion in Asia, which as already proven to be a lucrative market for the company. Visiprise will also increase its investment in the collaborative development work needed to accelerate its partnership agreement with SAP AG, under which the two companies offer a turnkey business software solution based upon SAP NetWeaver™ to the discrete manufacturing markets. In addition, McCloskey said the funding would be used to make future acquisitions.

"Visiprise has had an impressive 12 months that have included a significant partnership with SAP, growing its enterprise accounts by 500 percent and completing 31 new deployments – six of which were multi-site, global installations," said Noah Walley, managing director of IGC. "Today Visiprise has a list of clients that reads like a who’s who in discrete manufacturing and its product and product vision is one that we feel will be as important to manufacturers in the next three years as ERP was to them in the late ‘90s."

Credited as a pioneer in collaboration between shop floor and enterprise application systems, the company’s flagship product, Visiprise Manufacturing, combines the most advanced industry methodologies and the latest in J2EE technology to define, track and report on real-time information from a user’s shop floor. Built upon a series of flexible components, the resulting depth of information helps manufacturers accelerate product delivery, optimize cost efficiency and enhance product quality.

"Customers are already using Visiprise Manufacturing as a platform that enables the creation of a complete communications channel between the shop floor and other key manufacturing functions such as materials management, quality control and plant management," said Walley. "Extending that in a global manufacturing environment gives users a global standard for their manufacturing model, on par with the global financial and inventory models ERP offers and as an investor that’s exciting. The result gives users the intelligence, data and procedures needed to manage manufacturing for their entire business, feeding all other enterprise applications with the manufacturing information the need."

About Visiprise

With more than 18 years of industry experience and proven success, Visiprise is the leading solution provider to help manufacturers drive manufacturing results throughout the global enterprise. Visiprise software, services and expertise work in tandem with our customers to manage and control manufacturing operations to improve product quality and compliance management.

More than 140 leading manufacturers in industries from electronics and automotive to medical devices and aerospace and defense are managing and controlling manufacturing operations with Visiprise. Atlanta-based Visiprise has customers around the globe, including Solectron, Nokia Networks, E-Z-GO Textron, BAE Systems, Celestica, Philips Lighting, and Sun Microsystems. For more information, visit www.visiprise.com.

About Investor Growth Capital

Investor Growth Capital is a venture capital and private equity advisory group wholly owned by Investor AB, a large industrial holding company and leading shareholder in several multinational companies, including AstraZeneca, Ericsson, and SEB. For almost a century, Investor AB’s business concept has been to build best-in-class companies in sectors where the group has a strong knowledge and networking advantage. Investor Growth Capital shares this investment philosophy and leverages Investor AB's extensive global network of companies and senior managers. Investor Growth Capital focuses on investments in growth companies in the IT and healthcare sectors in Europe, North America and Asia. For more information, go to: www.investorgrowthcapital.com.

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Media contact for Visiprise:
Mike Neumeier
404-451-7832
mneumeier@gaughanandswann.com