Blueprint™, the global leader in Requirements Lifecycle Acceleration™ (RLA™), today announced that is has raised an additional $2.75 million in financing – bringing Blueprint’s cumulative 2007 financing to million. Blueprint will use the proceeds from the financing to expand its sales and marketing efforts, to promote the flagship Blueprint Requirements Center™ product line in the US marketplace.
“Blueprint has developed an outstanding product, brand, customer base, and management team. We are excited about the company’s prospects to substantially grow their business over the next 12 months,” said Greg Dimmer, Senior Vice President, MMV Financial. “This additional funding will provide Blueprint with key expansion opportunities in the US, and we expect this to generate key new revenue streams and substantially increase Blueprint’s shareholder value.”
“Requirements Definition is the fundamental link between IT and the business,” said David W. Nyland, Blueprint’s President & CEO. “Our solution and return on investment value proposition has resonated well with our existing base of US reference customers. Now is the time to step-up our local presence and market development activities in key geographical areas of the US. With year-over-year revenue growth north of 100%, Blueprint leads one of the fastest growing categories in Enterprise software.”
Blueprint ignited the Requirements Definition revolution in 2004 with the introduction of its landmark Profesy™ solution for Visual Requirements Definition and Validation. Today, Blueprint offers an expanded solution to support the emerging industry category entitled Requirements Lifecycle Acceleration™ (RLA), Blueprint’s approach enables modern IT organizations to substantially eliminate rework, cost and schedule overrun, ensure application quality, and control business risk. Blueprint is a global solution provider with presence in North America and Europe. For more information on Blueprint or Requirements Lifecycle Acceleration™, visit http://www.blueprintsys.com/.
About MMV Financial
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, NewStar Financial Inc., and Wells Fargo Company. For more information please visit www.mmvf.com.
Blueprint Software Systems Inc.
MMV Financial Inc.
Senior Vice President
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