Common Shares of Kinaxis Inc. Distributed to Harbourvest Fund

BOSTON, MA--(Marketwired - Aug. 14, 2015) - HarbourVest Partners, LLC ("HarbourVest") announced the distribution of 1,862,647 common shares ("Common Shares") in the capital of Kinaxis Inc. ("Kinaxis") by TechnoCap I, L.P. ("TechnoCap") to HarbourVest Partners VII - Venture Partnership Fund L.P. ("HV VII"), a "fund-of-funds" that is controlled by HarbourVest. The Common Shares were distributed to HV VII in connection with the wind-up and distribution of assets of TechnoCap to its general partner and limited partners on August 14, 2015, in accordance with the terms of its limited partnership agreement (the "Distribution"). Prior to the Distribution, HV VII owned 97.5% of the limited partnership interests in TechnoCap. Following the Distribution, HV VII owns approximately 7.8% of the issued and outstanding Common Shares. Prior to Distribution, HV VII did not own any securities of Kinaxis.

HarbourVest is the managing member of the general partner of HarbourVest International Private Equity Partners III - Direct Fund L.P. ("HV III"). Prior to Distribution, HV III owned 1,587,474 Common Shares, representing approximately 6.6% of the issued and outstanding Common Shares.

Investment decisions made with respect to HV VII are made by the same investment committee that makes investment decisions with respect to HV III. Following the Distribution, HV VII and HV III together own 3,450,121 Common Shares, representing approximately 14.4% of the issued and outstanding Common Shares.

HarbourVest has no current intention of acquiring ownership of or control or direction over any additional shares of Kinaxis but reserves the right to acquire additional shares of Kinaxis, to sell all or any portion of its, HV III's or HV VII's holdings of such shares or to enter into derivative or other transactions with respect to the shares of Kinaxis owned or controlled by HarbourVest.

This press release is being issued as required under the early warning requirements of applicable Canadian securities laws and an early warning report (the "Early Warning Report") will be filed on SEDAR at www.sedar.com in accordance with applicable securities laws. A copy of the Early Warning Report may be obtained by contacting Laura Thaxter at HarbourVest, One Financial Center, Boston, MA 02111 at 617-348-3707.

About HarbourVest

HarbourVest Partners, LLC is an independent private markets specialist, providing investment programs and customized solutions focused on venture capital, buyout, mezzanine debt, credit, and real assets through primary fund investments, secondary purchases, and direct co-investments. HarbourVest has more than 300 employees, including 80 investment professionals, deployed in Asia, Europe, Latin America, and the United States. In more than 30 years of investing in private equity, the team has committed more than $30 billion to newly-formed funds, completed over $13 billion in secondary purchases, and invested $5 billion directly in operating companies. The firm's clients include pension funds, endowments, foundations, and financial institutions around the globe. More information is available at www.harbourvest.com.