08/15/2007

Workflow & BPM software provider PNMsoft secured $3.3 million from Goldrock

PNMsoft, a provider of software solutions for Workflow and business process management (BPM), today has secured an investment of $3.3 million from Goldrock, an investment fund of the Goldman Investments Group.

"Goldrock's investment provides PNMsoft solid financial backing enabling it to accelerate and expand overseas operations, with a particular focus on
Europe", said Gal Horvitz, CEO of PNMsoft. "We plan to play a dominant role in our segment within Europe as well as expand our North American activities in preparation for a future public offering.”

PNMsoft (formerly Panam Information Systems) is the developer of Sequence, a system that enables the fast and simple setup, operation and management of business know-how and processes. Sequence automated modules run a range of business work flows (production, development, acquisition, finance and more) with significant time and cost savings. The Company's R&D operations are based in Netanya, Israel, and the international headquarters are located in London.

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