20/01-10   -   Press releases

Private Placement ADAM Software

ADAM Software grows rapidly and raises capital with a private placement that will establish leadership in the global DAM market

Guido Van der Schueren becomes director and key shareholder, ARKAFUND extends investment.

Ghent, January 20, 2010 – ADAM Software closes 2009 with double-digit growth. In 2009, ADAM Software built a strong management team and secured a number of highly visible customer contracts. To continue this accelerated growth over the next three years and strengthen the enterprise for its customers, ADAM is raising its capital by securing a private placement. PARANA, the investment company of Guido Van der Schueren, will make up a major part of this placement, and ARKAFUND will invest in ADAM for a second time to enhance its shareholder´s position.

ADAM Software is growing fast in the digital asset management (DAM) space at the mid and top end of the market. As DAM technology grows in importance globally, ADAM Software is well-positioned to develop into an international market leader. The capital raised by this investment round will solidify the working capital of the company, and allow for faster scaling of ADAM Software’s operations worldwide, including the opening of US offices.

The nomination of Guido Van der Schueren to the board of directors broadens ADAM Software’s strategic market knowledge to a global level. Guido’s thorough understanding of market needs in the graphic arts industry will be a substantial asset to ADAM Software as their market share grows and they expand in the US and elsewhere.
Guido also brings global experience with strategic and worldwide industry contacts to the board. Although from a different market sector, Guido has extended experience in the industry - over 34 years - and built Artwork Systems into a global leader in graphic arts software with a turnover of over 50 million USD (43 million Euro). ADAM will benefit greatly from the strategic industry contacts Guido brings, and future company development will be driven accordingly.

With sustainable, global growth ADAM Software’s number one goal for 2010, ADAM Software is also thrilled to receive a strong vote of confidence from an existing investor, ARKAFUND.

Speaking on behalf of ARKAFUND, Thierry Geerts, Business Development Director, states: “ADAM Software is one of our key internationally focused investments. The arrival of Guido Van der Schueren to ADAM’s board will bring a high level of experience in global software sales that will help boost ADAM’s international presence. We are confident that ADAM’s rapid growth in the market is sustainable and for this reason we were eager to participate in this second round of investment."

On accepting his nomination to the board of directors, Guido stated: “I have been following DAM in general, and ADAM Software more specifically in recent years. ADAM’s technology and development platform is world class and opens new opportunities for everyone who is in marketing technologies, graphical solutions and media processes. Their business model creates the opportunity for a lot of ADAM Business Partners to generate added value in their specific markets."

Luc De Vos, president of the board confirms: “Having Guido on board at ADAM Software strengthens our expertise in all three major segments of our market: brandowners, manufacturing and retail, and graphical production. His understanding of customers’ needs on strategic issues and his international experience will bring to the board the knowledge we require to take strategic decisions."

Pieter Casneuf, General Manager, sees opportunities to develop ADAM Software’s market in the US more rapidly with Guido’s expertise. “We have been growing fast in Europe and demonstrated our willingness to tackle the US market in 2009. With customers such as Rapp Collins (Omnicom Group), Microsoft (Redmond) and Stanley, our footprint in the US market has jump started. It is our belief that the US market will become as important for us as Europe is today. Guido’s global sales and software experience in the US will obviously be a great asset."


About ADAM

ADAM is a global provider of media workflow and marketing supply chain software. We offer enterprises the ability to manage, structure and deliver media between people, processes and systems. Working with our partners enables us to implement our software globally while providing workflow solutions to all types of enterprises. What drives us is a passion to organize media intelligently, making it easier and more accessible to everyone.

ADAM - Media Intelligent