Successful Round of Funding for Jedox, Leading Supplier of Open Source Business Intelligence Software

Muenster/Freiburg, 3 June 2008 - eCAPITAL has successfully closed a future-oriented round of funding with the Freiburg based Jedox AG, one of the world’s leading suppliers of Open Source based planning, analysis and reporting solutions. The existing investor, Klaus Wecken, co-founder and former CEO of the KHK Software AG, also participated in this round. The investments provide a financial basis that opens up new perspectives to Jedox‘s enormous potential of growth on the global IT market.

Kristian Raue, CEO of Jedox AG, comments on the latest development: „We are extremely pleased with the successful closing of the latest round of funding. With eCAPITAL and Klaus Wecken, an experienced investor in our field who we got on board in January, we have two strong partners that support Jedox in expanding our international presence and our customer service infrastructure. We look forward to working with our investors and accelerate the company’s success for the benefit of all involved: our customers, our business partners and our employees.”

At this year’s CeBIT in Hannover, Jedox was acknowledged for its innovative technology when Quelle GmbH received the “Best Practice Award Business Intelligence”, selected by a prestigious expert jury for its Reporting Portal that is based on Jedox technology. The jury was comprised of high-ranking science and industry experts.

Already 20% of the companies registered in the DAX 30 index use Jedox software. Frank Hölzle, Managing Partner of eCAPITAL is convinced: “The Open Source platform of Palo will take hold as an international standard in the area of Business Intelligence and it is going to revolutionize the industry”.

About eCAPITAL

eCAPITAL is a venture capital company managed by entrepreneurs located in Münster. Since 1999 it actively supports entrepreneurs in future-orientated fields. The company concentrates on fast growing companies in the fields of information technology / communications / chemical engineering / new materials and optical technologies.
eCAPITAL currently manages three funds totalling more than € 60 million and invests nationally in Early and Later Stage companies as well as SMEs.

About Jedox AG

Jedox is one of the world’s leading suppliers of Open Source based planning, analysis and reporting solutions. With their Palo Server (Open Source) as well as their Worksheet Server, which is based on Open Source technologies, Jedox provides a solution for so-called Enterprise Spreadsheets. Enterprise Spreadsheets convert Excel applications into corporate-wide Business Intelligence solutions and they ensure a consistent data model for all spreadsheets throughout a corporation. Their core product Palo is available free of charge at www.palo.net.
40 employees are currently working for Jedox in Freiburg, Germany, and due to the recent developments, the staff count will continue to be increased substantially.

More information can be found at www.jedox.com.


Contacts:

Frank Hölzle
eCAPITAL entrepreneurial Partners AG
Hafenweg 24
48155 Münster
Tel:  +49 (251) 70 37 67-0
Fax:   +49 (251) 70 37 67-22
Email:    info@ecapital.de
Internet: www.ecapital.de

Kristian Raue
Jedox AG
Bismarckallee 7a
D-79098 Freiburg im Breisgau
Tel:  +49 (761) 15147-0
Fax: +49 (761) 15147-10
Email: info@jedox.com
Internet: www.jedox.com