Gamma Receives Backing from Palomar Ventures and ArrowPath Venture Capital

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Feb. 1, 2005--Gamma Enterprise Technologies, a leading provider of SAP data management solutions, today announced that it has raised its first round of institutional investment from two venture capital firms.

"The backing we have just received from Palomar Ventures and ArrowPath Venture Capital will enhance our ability to provide SAP users with a full suite of data management products," explained Matthew Minkovsky, President, Founder and CEO of Gamma Enterprise Technologies. "It will help us to broaden our offerings and expand our existing reach into the SAP community," Minkovsky added.

Gamma is known for InfoShuttle, a data management tool that dramatically boosts the productivity of developers, testers and trainers. Designed to enable SAP analysts to quickly replicate selective sets of SAP data across environments, InfoShuttle helps SAP support organizations develop, test and implement enhancements faster and to higher quality standards. Last year Gamma also introduced InfoTrim, data management software that selectively removes unwanted, obsolete and unnecessary data to render an SAP R/3 system that resembles production, but on a much smaller footprint.

"Gamma addresses a big pain point in the enterprise," said Brian Garrett, Principal at Palomar Ventures. "Their focus on reducing the complexity of SAP data management and the footprint of the database is targeted directly at a growing need." Garrett noted that although the VC investment represents the company's first round of financing, "this is no start-up. Gamma's strong entrepreneurial roots have enabled it to build up a blue-chip customer base without any institutional investors."

Morgan Rodd, partner at ArrowPath Venture Capital, pointed out, "The SAP data management sector is a large and growing opportunity, and one in which Gamma Enterprise Technologies is already a leader. Gamma's products are in use by dozens of Global 2000 companies that have significant and growing SAP data management needs."

Among its customers, Gamma counts companies with household names like Hershey Foods, Whirlpool, IBM, Bayer and Hasbro in a wide range of industries from finance (MONY Life Insurance) to hi-tech (Symbol Technologies) to transportation (Amtrak) to municipal government (City of Edmonton).

About Gamma

Gamma (www.getgamma.com) provides software solutions that help companies better manage their SAP data. It counts among its customers leading firms from around the world who, while in different industries, have in common the concerns and problems brought about by the growth of their enterprise application data. The rapid accumulation of information in corporate production systems impacts both machine and human performance and has a direct effect on the bottom line. Gamma provides SAP data replication and trimming tools that improve productivity, performance and quality while lowering the cost of ownership.

About Palomar Ventures

Palomar Ventures (www.palomarventures.com) was launched in 1999 by veteran venture capitalists to focus on early stage information technology companies that demonstrate the potential for exceptional growth and market leadership. The partners at Palomar have contributed their energy, strategic insight, network of corporate relationships and recruiting skills to assist in building nearly 50 public companies. Palomar Ventures is currently investing Palomar III, a $225 million fund. Selected investments include Continuous Computing, Composite Software, Dorado, Efficient Networks, Gluecode, Inovys, KnowNow, Network Inference, Syntricity, Virtela and Voxify.

About ArrowPath Venture Capital

ArrowPath Venture Capital (www.arrowpathvc.com) is a leading venture capital firm that focuses on investing in early stage information technology companies providing enterprise and infrastructure technologies. These technology areas include enterprise software, network security, data and storage networking, web services, and other data-center technologies. Through its strategic relationships with a number of leading e-commerce and Fortune 500 companies, ArrowPath Venture Capital brings an end-user's perspective to company building and venture investing.

SAP, R/3, and any other SAP products or services mentioned are the trademarks of SAP AG in Germany and other parts of the world. InfoShuttle and InfoTrim are trademarks of Gamma Enterprise Technologies.