SOURCE: SeeControl, Inc.

July 14, 2005 12:01 ET

SeeControl Secures Funding - Looks to Extend Leadership Position

Notable Investors Finance Leading Provider of B2B Inventory and Asset Visibility and Control Technology Solutions

SAN MATEO, CA -- (MARKET WIRE) -- July 14, 2005 -- Altos Ventures, Larry Mohr founder of Mohr, Davidow Ventures, Peninsula Equity Partners, Stanford University, Wilson Sonsini Goodrich & Rosati, and Western Technology Investment join together to invest in SeeControl Inc., the leading provider of B2B inventory and asset visibility and control solutions.

"SeeControl is a rare opportunity," said Han Kim general partner and co-founder of Altos Ventures. "The product is already delivering real value to customers and leading market makers around the world. With this investment SeeControl will broaden its existing relationships and strengthen its market position by expanding the products' capabilities."

"The company has proven its ability to deliver substantial and immediate inventory control and customer service improvements to some of the world's most demanding organizations," said Greg Robinson, managing partner of Peninsula Equity Partners. "We are confident that SeeControl's product suite is strongly aligned with the needs of its customers, and that the company is well-equipped to execute on its strategy. As a result, SeeControl is uniquely positioned to capitalize on a tremendous market opportunity."

"SeeControl has established itself as a leader in the service supply chain market," said Garrett Gafke, president and chief executive officer of SeeControl. "The entire investment teams' operational and strategic expertise, combined with their extensive resources, makes them the ideal partners to help SeeControl exceed the growing needs of its customers and extend its market leadership position."

SeeControl enables companies to have full visibility and control over logistics and asset management functions with the combination of the company's nDicate precision data collection devices and DemandTrek real-time dissemination of asset and inventory tracking and reporting. The company's solutions provide visibility and management for today's leading industrial automation, computing, telecommunication, and semi-conductor equipment manufacturers.

SeeControl, Inc. develops its nDicate devices and DemandTrek application; combining a fusion of the web, software, hardware, WiFi, Cellular, and networking to collect and efficiently manage assets. The accuracy of the information generated and tracked by SeeControl is greatly increased by eliminating error prone data entry systems, replacing them with modern extensible, reliable, and secure systems.

About SeeControl, Inc

SeeControl is the leading provider of high value, cost effective Inventory AnywhereSM service parts logistics solutions and asset management. Global 3000 Automotive, Computer Systems, Industrial Automation, Medical Equipment, Semiconductor and Telecommunications customer service leaders, utilize SeeControl's model altering solutions to increase service value; economically. SeeControl clients enjoy a differentiated aftermarket cost structure and new revenue opportunities that put them ahead of the competition.

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