Caja Navarra joins Polymita Technologies through its Risk Capital Fund Eurecan Alto Rendimiento

The investment will support the development of an ambitious business expansion plan and innovation of its products.

Polymita Technologies, producer of specific Software for Business Process (BPM), Enterprise Content Management and Portal has announced the incoming capital subscribed by Eurecan Alto Rendimiento, the Risk Capital Company of Caja Navarra.

The investment is focused on the growth of the company, on the consolidation on its national presence and to continue with its ambitious R+I plan that Polymita Technologies established in 2002.

“Our immediate objectives are to consolidate us as one of the market leaders in the Business Process Automation, ECM and portals in Spain and pursue a progressive international and at the moment selective expansion, possibly focusing on the Americas, with an innovative and improved product, as the experience of recent years and close collaboration with our customers and partners allow us to continue innovating every day”, comments Erik Brieva, founder of Polymita Technologies.

Polymita did its first institutional investment round in April, 2006 opening the company to ACP Active Capital Partners and ADARA Ventures, with a 2.5 million euros investment.
Now, Ester Palomar, Eurecan Catalonia’s Director has joined Polymita Admistration Committee, already formed by Roberto Saint Malo, Partner Director of Adara Ventures and Christopher Pommering, Partner Director of the ACP like institutional investors.

About Eurecan
Eurecan Alto Rendimiento is the vehicle of investment in the development of enterprise projects with great potential of growth. The creation of Eurecan Alto Rendimiento is one of the initiatives of Eurecan, the platform of Caja Navarra to support the entrepreneurs and to share its risks.
Thorough it they offer, in addition to financing, knowledge and experience to create and to consolidate new companies, to help them getting into the international markets or to look for investors for innovative projects.

In Eurecan 1,017 entrepreneurs have been supported with 46 million euros.
Among its main initiatives there is Eurecan Copiloto, the mentors’ network that serves as a guide to young entrepreneurs.

About Polymita Technologies - www.polymita.com
Polymita Technologies empowers organisations of all sectors to achieve significant productivity improvements through its business process management (BPM), portals and enterprise content management (ECM) platform. Organisations that have deployed Polymita Technologies products include the European Union, Caja Madrid, Corporación Uninser (Grupo Unicaja), Euromadi, San Juan de Dios Hospital, Maastricht Hospital, Prestige Hotels, La Salle Engineering and Architecture University, Fundación Collserola, Fira de Barcelona and Barcelona City Council (Ayuntamiento de Barcelona).

27-11-2007