SOURCE: Tectura

May 25, 2005 12:00 ET

Tectura Obtains Equity Funding From Ritchie Capital Management

REDWOOD CITY, CA -- (MARKET WIRE) -- May 25, 2005 -- Tectura, Inc., a leading global provider of Microsoft integrated business solutions to mid-market companies and large enterprise divisions, announced today that it has secured US$10 million in private equity financing from Ritchie Capital Management. The investment capital will be used to fund Tectura's continued global expansion as well as for general working capital.

With this additional funding from Ritchie Capital Management -- and the continued support from Pequot Ventures, Dow Employees Pension Plan, General Electric Pension Trust, and other private investors -- Tectura in 2005 intends to continue its global expansion that included a number of acquisitions in 2004, including Cosmo Consult of Germany; Aston Business Solutions with offices in North America, Australia, and Europe; and Options Software of Canada.

Today, with 50 offices across Europe (in the U.K., Germany, Denmark, Spain, the Netherlands, and Turkey), the United States, Canada, and Australia; with client implementations in over 50 countries; with more than 4,000 customers worldwide; and with 1,000 employees worldwide dedicated to delivering Microsoft technologies, Tectura is the worldwide mid-market services leader for Microsoft solutions.

Tectura focuses its global expansion strategy on building a world-class vertical- and industry-centric services company that provides integrated business solutions to mid-market companies based on Microsoft platforms and software. Tectura focuses on high employee performance and work quality, which combined with proven methodologies and experienced project management, delivers a positive impact on clients and partners.

"We are proud to have been able to establish a world-class investment group behind this vision," said Gerald A. Poch, Managing Director of Pequot Capital, who is Tectura's lead investor. "With Ritchie Capital Management joining Pequot and the other Tectura investors, we have a very strong foundation for continuing the fast pace of Tectura's international expansion. Microsoft's entry into the mid-market business applications space opens the door to significant business opportunities for integrated business solutions."

"The Tectura management team and board have planned out a healthy organic business plan along with a very aggressive expansion strategy that we are now executing on. We are very encouraged by the trust and significant support we are getting from our investors, and excited to have Ritchie Capital Management join us as a key investor as well as a valued advisor," said Terry Petrzelka, CEO of Tectura.

About Tectura Corporation

Tectura® provides business value and competitive advantage to more than 4,000 clients worldwide through its Microsoft integrated business solutions. With successful implementations in over 50 countries, Tectura is a leading global provider of integrated business solutions to mid-market companies and large enterprise divisions. Tectura specializes in ERP and CRM solutions built on Microsoft Business Solutions software (Axapta, Great Plains, Navision, Solomon, and CRM) and integrated with leading-edge Microsoft products and technologies. Tectura's industry solutions address the unique requirements of such fields as aerospace, agriculture, consumer packaged goods, discrete and repetitive manufacturing, industrial equipment, equipment rental, healthcare, life sciences, packaging, process manufacturing, and the public sector. The company's 1,000 team members provide clients with industry expertise, software, and services from 50 offices around the globe. Tectura's dedication to excellent customer service has earned the company several Microsoft awards, including U.S. Partner of the Year 2004, Global Partner of the Year 2003, and Excellence in Customer Care 2003. Tectura is a Microsoft Gold Certified Partner. For more information about Tectura, visit www.tectura.com.

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Contact Information

  • Further information:
    Terry Petrzelka
    CEO
    Tectura Corporation
    (+1) 408 398 5200

    Press contact:
    Steen Laursen
    Corporate Communications
    Office: (+1) 650-585-5579
    Mobile: (+1) 734-834-4596
    steen.laursen@tectura.com

    www.tectura.com