Proficiency Secures Additional Financing

WESTBOROUGH, Mass.—(BUSINESS WIRE)—February 20, 2007— Proficiency, Inc., the leader in OEM & supplier product data integration, today announced that it has raised an additional $5 million in funding from its current investors, Carmel Ventures and Pitango Venture Capital.

Proficiency is now geared to broaden its market reach globally and to offer additional solutions that enable manufacturers, OEMs and suppliers to share product design intelligence between different CAD and PDM systems. The solutions are used by leading companies in industries such as aerospace & defense, automotive and heavy machinery.

Proficiency is committed to continued product development that meets the needs of customers who increasingly demand complete solutions that are integrated into the PLM environment, including the support of entire workflows and protection of intellectual property. To accelerate growth, Proficiency also is committed to increasing its partnerships with selected engineering companies globally.

"Proficiency solves a significant problem for the automotive, aerospace and defense industries," said Shlomo Dovrat, general partner and co-founder, Carmel Ventures. "We believe that Proficiency, with its unique technology and strong management team and board of directors, is well poised for the next phase of its growth. Proficiency is a good fit for Carmel based on our extensive background in the high tech and manufacturing industries."

"The market need for Proficiency's solutions is being validated by major manufacturers and will continue to expand as companies recognize the benefits Proficiency provides in multi-CAD environments," said Aaron Mankovski, managing general partner at Pitango Venture Capital.

"The strategic assistance and funding of Carmel and Pitango enables Proficiency to accelerate the pace of investment to pursue our vision, expand market reach and consolidate our leadership," said Alex Shapira, CEO of Proficiency. "Our customers will be the first to benefit from new, innovative solutions to preserve and leverage product knowledge in multi-CAD environments."

About Proficiency:

Proficiency is the leader in OEM & supplier product data integration for the automotive, aerospace/defense and heavy machinery industry. The company's award winning Collaboration Gateway(TM) enables sharing of product design intelligence between disparate design systems, improving the efficiency of the manufacturing process between OEM and suppliers. The result is significantly shorter design cycle times, reduced design costs and improved product quality.

Proficiency's customers include global automotive, aerospace/defense and heavy equipment companies such as The Ford Motor Company, Boeing, Bombardier and European Aeronautic Defense and Space Company (EADS).

For more information on Proficiency, please visit www.proficiency.com.

About Carmel Ventures (http://www.carmelventures.com)

Carmel Ventures is a leading venture capital firm focused on investing in early stage information technology companies, specifically in software and communications. With $372 million under management, Carmel is dedicated to helping talented entrepreneurs translate their vision and technology into successful global IT companies. It aims to serve as a true value-add, lead investor that focuses on the core ingredients of company building and is committed to its portfolio companies throughout their life cycles.

About Pitango (http://www.pitango.com)

Pitango Venture Capital is the leading venture capital firm that has been investing in technology entrepreneurs since 1993. With offices in Israel and Silicon Valley, California, Pitango currently manages several venture funds totaling over $1 billion in committed capital invested in more than 100 companies. Pitango invests in high-growth companies in seed and early stages, supporting them as they grow. Pitango focuses on the IT/Communication sectors, as well as in Life Sciences, including Medical Devices and Biotech.

Contact:

Pendergast Consulting
Linda Pendergast-Savage, 508-224-7905




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