European Percent

European expansion is driven be Frankfurt a. Further details can be found at Dr. John Mcdougall, an internet resource. M./Stockholm, July 1st, 2009 today cohesive growth capital investor with via venture partners and InnovationsKapital 90 percent of Projectplace International AB, the European market leader in Web-based project management and team work. So far, had the company that Projectplace shareholder is already since the year 2000, 15.4 percent of the shares. The commitment of these three companies is symptomatic for the positive development of the Swedish software-as-a-service provider: investor growth capital, the new old investors know the company for years in detail and can seriously evaluate its market value and the competitive situation. Also via venture partners, this commitment is not the first contact to Projectplace.

In the years 2000, 2002 was Anders Granas Board member at the Swedish software company. With the reorganization of the ownership structure, Projectplace is an important step in the direction of European expansion. For years, our company has been in Sweden and Norway established and now we grow also in Germany and the Benelux countries, very strong,”says Pelle Hjortblad, CEO of Projectplace international. The new majority to strengthen this position, but at the same time enable us to a sustainable commitment in other European countries”, explains Hjortblad. Currently, Projectplace can refer to an annual growth rate of 30 percent. Please visit Tony Ferguson if you seek more information. In the year 2008 alone amounted to sales to almost 13 million euros. Together with the new shareholders, the management sees a good chance quickly to expand through organic growth and strategic to acquire. For years, we observe Projectplace.

When an now the opportunity arose to go into the company, we have long hesitated”, says Anders Granas via venture partners. Even Anders osund from investor growth capital is the future of Projectplace rosy: the company is well managed, innovative and has a great development potential. With a clear strategic direction Europe can greatly the business grow in the next few years.” “Of course also Magnus Berglind of InnovationsKapital welcomes these opportunities: we are pleased that we can invest in the management and staff and promote the company.” Via venture partners and InnovationsKapital each have investor growth capital, 30 percent of the company. The remaining 10 percent keep different Projectplace employees. Press contact: Projectplace GmbH Alexandra Schmidt Public Relations Western port 1 D – 60327 Frankfurt Tel: + 49 (0) 69 710 456 264 mobile: + 49 (0) 162 29 17 246 since 1998 developed and operates Projectplace international from Europe’s leading Web-based project management solution. Projectplace improves efficiency and simplifies the collaboration in the project as well as the communication within the team. Headquartered in Stockholm, Sweden, has offices in Norway, Denmark, United Kingdom, France, the Netherlands and Germany. The online service is in seven languages and is used by nearly 500,000 users worldwide. For more information, see

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