JasperSoft Closes $8 Million Series-C Investment Round

1 January 1970

JasperSoft Corporation, the leader in commercial open source reporting solutions, today announced that a leading
group of venture capitalists led by Partech International, an early investor in Business Objects, has invested $8 million in the company in a series-C round. Doll Capital and Morgenthaler, series A and B investors in JasperSoft,
also participated in the latest funding round.

JasperSoft develops JasperReports, the world's most popular open source reporting engine, downloaded on the Web more than 22,000 times a month and deployed at more than 10,000 companies in 50 countries worldwide. JasperSoft also makes JasperDecisions, a commercial reporting solution with advanced functionality designed to meet the operational reporting requirements of large corporations and give software companies to ability to embed robust reporting into their applications.

The new investment round will allow JasperSoft to continue investing in open source JasperReports and grow its installed base. It will also be used to provide customers with a simple migration path to meet higher-level reporting needs as they arise.

"Business intelligence, even though a mature technology, has still not penetrated the market place. JasperSoft, with its large base of loyal users, a vibrant development community and key market partners such as JBoss and MySQL is well-positioned to bring business intelligence to the next tier of users," said Philippe Cases, general partner at Partech International and newly-appointed director of JasperSoft.

The market for business intelligence tools is projected to exceed $4 billion in 2005, according to technology research firm IDC. Operational reporting is a fundamental part of this market and probably the fastest
growing segment. Operational reporting allows end-users to place complex business data into charts, dashboards, and tables that can be easily understood for more effective decision-making. With JasperSoft's products, IT departments across all business segments can now provide reporting in real-time because open source provides the broadest deployability at the lowest TCO.

"We're pleased to have Partech International join with Doll and Morgenthaler to invest in the success of our commercial open source business model, which combines the best of open source software with commercial
software," said Paul Doscher, CEO of JasperSoft. "Partech is one of the most experienced investors in the larger business intelligence market and has helped companies like Business Objects become market leaders."

About Partech International
Founded in 1982, Partech International is a leading global venture capital firm with $850M under active management and offices in the U.S., Europe and Israel. Partech invests exclusively in Information Technology and the firm's internationally integrated team of investing partners work together closely to find the most innovative companies demonstrating high return potential and disruptive technologies in the Software & Internet, Communications & Components and Healthcare IT sectors. Partech has a unique 20+ year track record assisting its portfolio companies to become global market leaders. Some of Partech's successful investments include: Ascend Communications, Alvarion, Business Objects, Cadence, CSG Systems, Digital Island, Informatica, Pentasafe and Vignette.

About JasperSoft
Based in San Francisco, JasperSoft is the leading provider of commercial open source reporting solutions. Anchored by the world's most popular open source reporting engine JasperReports, and its complementary commercial reporting product, JasperDecisions, JasperSoft brings customers the best of the open source and commercial software worlds. More than 10,000 companies in over 50 countries currently use JasperSoft in their operations. Delivering broad deployment and lower cost of ownership to customers worldwide, JasperSoft customers have the benefits of solutions that are backed by a community and supported by a company. For more information, please visit http://www.jaspersoft.com .

Editorial Contact:
Sarah Conway
Page One PR for JasperSoft
Tel: 978-969-3010
E-mail: sarah@pageonepr.com

SOURCE JasperSoft Corporation
Web Site: http://www.jaspersoft.com