Unicorn* RAISES $2.7 MILLION, CLOSES SERIES A FINANCING
New York, NY--March 19, 2002-- Unicorn Solutions, Inc., a leading provider of advanced information integration products, today announced that it has extended its Series A Preferred financing round with an additional investment of $2.7 million. This follows the earlier $6.1 million Series A Preferred investment announced in late 2001. Further financial terms were not disclosed.
Participating in this Series A extension were existing Series A investors Jerusalem Global Ventures, Intel Capital, Bank of American Equity Partners, Apropos IT Ventures, and Tecc-IS.
"Unicorn has been working very closely with its financial and corporate investors and is delighted to receive this investment,� said Unicorn�s Founder & CEO, Dr. Zvi Schreiber. �This capital will be used to enable Unicorn to roll out our innovative solution to a number of Fortune 100 enterprises."
About Unicorn* Solutions, Inc.
Unicorn Solutions, Inc. (www.unicorn.com) is a leading provider of advanced data information integration products in which information can be accumulated, managed and utilized entirely independent of incompatible underlying data formats. The Company is currently rolling out the Unicorn Coherence* platform, which realizes this vision. Through the computer-aided creation of a central model, Coherence allows companies to drive efficiency strategically by turning incompatible data sources into a single coherent body of information. Investors in Unicorn include: Bank of America Equity Partners, Intel Capital, Jerusalem Global Ventures, Israel Seed Partners, Tecc-IS and Apropos.
CONTACT: Joram Borenstein, Unicorn Inc., +1-866-2UNICORN x102, +972-2-649-1102, +972-55-691-102,