SOURCE: Technology Investment Capital Corp.

October 31, 2006 12:55 ET

TICC Announces $9.0 Million Transaction With Punch Software LLC

GREENWICH, CT -- (MARKET WIRE) -- October 31, 2006 --Technology Investment Capital Corp. (NASDAQ: TICC) announced today that it has completed a $9.0 million investment in senior secured notes with warrants issued by Punch Software LLC, a provider of home design and landscape design software products backed by Insight Venture Partners.

About Punch Software LLC

Punch Software LLC is a provider of home design and landscape design software products. Servicing retail home design, a sub-market of the architecture, engineering & construction software market, Punch provides homeowners, designers and professionals the ability to perform all aspects of home/landscape design including 3-D walkthrough technology. Headquartered in Kansas City, Missouri, the Company has been operating since 1998. Visit www.punchsoftware.com for more information.

About Technology Investment Capital Corp.

We are a publicly-traded business development company principally engaged in providing capital to small to mid-size technology-related companies. While the structures of our financings vary, we look to invest primarily in the debt of established technology-related businesses. Companies interested in learning more about financing opportunities should contact Barry Osherow at (203) 661-9572 or visit our website at www.ticc.com.

About Insight Venture Partners

Founded in 1995, Insight Venture Partners is one of the leading private equity and venture capital firms focused on the global software and Internet industries. Visit www.insightpartners.com for more information.

Forward-Looking Statements

This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.

Contact Information

  • For further information contact:
    Bruce Rubin
    (203) 983-5280