Contact Information: For further information contact: Bruce Rubin (203) 983-5280
TICC Announces $9.0 Million Transaction With Punch Software LLC
| Source: Technology Investment Capital Corp.
GREENWICH, CT -- (MARKET WIRE) -- October 31, 2006 --Technology Investment Capital Corp. (NASDAQ : TICC ) announced today that it has completed a $9.0 million investment in
senior secured notes with warrants issued by Punch Software LLC, a provider
of home design and landscape design software products backed by Insight
Venture Partners.
About Punch Software LLC
Punch Software LLC is a provider of home design and landscape design
software products. Servicing retail home design, a sub-market of the
architecture, engineering & construction software market, Punch provides
homeowners, designers and professionals the ability to perform all aspects
of home/landscape design including 3-D walkthrough technology.
Headquartered in Kansas City, Missouri, the Company has been operating
since 1998. Visit www.punchsoftware.com for more information.
About Technology Investment Capital Corp.
We are a publicly-traded business development company principally engaged
in providing capital to small to mid-size technology-related companies.
While the structures of our financings vary, we look to invest primarily in
the debt of established technology-related businesses. Companies
interested in learning more about financing opportunities should contact
Barry Osherow at (203) 661-9572 or visit our website at www.ticc.com.
About Insight Venture Partners
Founded in 1995, Insight Venture Partners is one of the leading private
equity and venture capital firms focused on the global software and
Internet industries. Visit www.insightpartners.com for more information.
Forward-Looking Statements
This press release contains forward-looking statements subject to the
inherent uncertainties in predicting future results and conditions. Any
statements that are not statements of historical fact (including statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates" and similar expressions) should also be considered to be
forward-looking statements. Certain factors could cause actual results and
conditions to differ materially from those projected in these
forward-looking statements. These factors are identified from time to time
in our filings with the Securities and Exchange Commission. We undertake no
obligation to update such statements to reflect subsequent events.