Contact Info: Judith McGarry Hubert de la Raudière Partech International Pertinence 415-788-2929 +33 1 42 33 03 88 email@example.com Philippe Collombel GCI Financial (for Advent Venture Partech International Partners) +33 (0)1 53 65 65 53 Annabel O’Connor/Geoff Callow firstname.lastname@example.org +44 020 7072 4200 Partech International and Advent Venture Partners Invest in Pertinence Paris, July 10, 2002 – Partech International, an international venture capital firm with offices in Europe and the United States, and Advent Venture Partners, a leading independent UK technology venture capitalist, have invested €5 million in Pertinence, a French provider of rules-based data mining software. Paris-based Pertinence will use the funds raised to grow its business in selected market segments across Europe. “We believe that Pertinence is one of the more exciting technology companies to emerge from France for some time,” said Philippe Collombel, General Partner at Partech International. “The company has excellent future prospects: the management possesses the expertise, determination and experience to drive the company into new markets, including the US, and we look forward to assisting Pertinence in taking the business forward.” Pertinence, founded in 1999, has developed an innovative data analysis technology that can extract the underlying rules governing any set of data and can thereby predict future outcomes. Current alternative technologies can either provide answers, but don’t explain the reasons, or require lengthy analysis of the underlying rules before being used. Pertinence’s technology brings both these capabilities together. It is able to take data from any process and generate the underlying rules that govern the data in a useable and intelligible form – a solution that has been long sought after. Partech International and Advent Ventures Invest in Pertinence, cont’d p.2 “Pertinence has developed a highly innovative product that meets a clear market need,” said Peter Baines, General Partner at Advent Venture Partners. “Its application across a wide range of sectors means there is significant growth prospects within its marketplace. We believe Pertinence has the potential to establish itself as the clear market leader. We look forward to working with the team to develop the business.” Pertinence’s technology has multiple potential applications across a range of industry sectors. Initially, it will focus on the industrial and technology markets, where its product has already been used by customers to optimize industrial processes by improving quality improvement and reducing costs. “This is an important time in our development and we are very pleased to have gained the support of experienced investors such as Advent Ventures and Partech,” said Augustin Huret, Pertinence CEO and co-founder. “The financial and strategic support they bring will enable us to grow the business and build a strong position in the market. This investment will enable us to continue developing the product set and move into new geographical markets, while building a sales and marketing infrastructure to support our future growth.” Pertinence was recently awarded the “Grand Prix de l’Innovation 2001/2002” which recognizes the most innovative technology companies in Paris. About Partech International Founded in 1982, Partech is an international venture capital firm with offices in San Francisco and Paris. The firm currently manages approximately $850 million in early stage venture, mid stage venture and public investments. Partech International’s venture funds draw capital from a broad base of world-class institutional investors, including AT&T Investment Management/JP Morgan, IBM Pension, Lucent, Bell Atlantic Asset Management, GTE, Merrill Lynch, Liverpool Victoria (UK), Swiss Life (Switzerland), and AXA (France). Partech International differentiates itself in three important ways: • International Approach: a strong track record of nearly 20 years of global investing, assisting portfolio companies with cross-border expansion, and an international group of partners. • Industry Focus: on enterprise software and services, communications solutions and healthcare information technologies. • Lifecycle Financing: supporting companies with early stage, late stage and public equity investments. Partech International and Advent Ventures Invest in Pertinence, cont’d p.3 Some of Partech International’s investments include: Ascend, Applied BioSystems, Breezecom, Business Objects, Cadence, CSG Systems, Digital Island, Informatica, and Vignette. For more information on Partech, please visit www.partechvc.com. About Advent Venture Partners Advent Venture Partners, based in London, was founded in 1981 and is one of the longest established independent technology venture capital firms. Advent specialises in information technology (software, hardware, communications and IT services) and healthcare (biotechnology, pharmaceuticals and devices) investments in the UK and Continental Europe. Advent can invest up to £20 million in companies from start-up through to pre-flotation stage. Advent Venture Partners and its associates currently have total funds under management in excess of £475 million (€760 million). Since 1981, the company has funded over 180 companies in the UK, Europe and the US. For further information visit the web site at www.adventventures.com.