Gecad Technologies AXIGEN - AXIGEN Announces 2 Million EUR Investment

Bucharest, November 14th, 2007 – Gecad Technologies, AXIGEN Mail Server developer (axigen.com) announces today the aboriginal annular of investment from a bunch of important adventure capitals and technology companies such as Global Finance, 3TS-Cisco Growth Fund III and others. The investment amounted to 2 actor euro and is agnate to 11.76% of the Gecad Technologies/AXIGEN shares.

“This is the aboriginal beachcomber of investment in AXIGEN after targeting an Initial Public Offering (IPO). We are appreciative that our outstanding technology has bent the eye of aboriginal chic business investors afterwards alone two years of bazaar presence. In abbreviate appellation we are committed to become a common arch messaging solution”, says Radu Georgescu, President of GECAD Group and Chairman of the AXIGEN Board of Directors.

The capital shareholders afterwards the investment are Radu Georgescu with 88.24% of shares and the bunch with 11.76% of shares.

The accepted allotment basic of about 3 actor EUR, advancing alone from Radu Georgescu, took the aggregation from startup to a common business operating through over 100 partners, with apparent awaiting technology and confined 9.000 companies with over 5 actor end-users.

“The 2 actor euro investment will accord to added acceptable business advance and technology development in alertness of the IPO. Through this business agreement, our barter are reassured of our charge to artefact continuity. At the aforementioned time, our business is bolstered through the cardinal position and arrangement the investors authority in key markets and their broker base,” declares Oana Bornaz, AXIGEN CEO and Director of the Board.

"Our bunch is comprised of several arch clandestine disinterestedness funds and alone investors that are actual breath in the arena and the IT/software area (including Global Finance and the 3TS-Cisco Growth Fund III). We accept invested in AXIGEN in ample allotment because of the abundantly acknowledged clue almanac of this administration team, the market-responsive appearance on which the AXIGEN mail-server belvedere is built, and the complete assurance and aplomb that we accept in Radu and Oana. As a group, we achievement to accord our abundant banking resources, our acquaintance in agnate ventures throughout the region, and acceptance to our all-encompassing arrangement of software industry experts and bazaar leaders", explains Ted Cominos, Partner of Ethemba Capital, Director of the Board of Gecad Technologies.

AXIGEN continues to acquaintance able advance both in Romanian and all-embracing markets, with about 90% end-users advancing from alfresco of Romania. With a carrier chic technology and outstanding support, AXIGEN is acceptable the messaging band-aid of best for a growing amount of account providers worldwide.

Gecad Technologies
10 A Dimitrie Pompeiu, Bucharest 2, 020337, Romania
Phone: +40-21-303-2080
Fax: +40-21-303-2081
Email: webpromo@axigen.com
Contact Person: Alina Popescu, PR Manager, alina.popescu@axigen.com

About AXIGEN
Established in 2001, Gecad Technologies SA, affiliate of the GECAD Group, is the bell-ringer of AXIGEN, a messaging band-aid for professionals that ensures an able and defended common advice ambiance and business advance for both account providers and companies of all sizes. Currently, AXIGEN is broadcast internationally by over 100 ally from 60 countries and manages email cartage for added than 9000 companies with 5 actor end-users.

Our aggregation of acclimatized professionals, with 15 years of acquaintance in messaging and IT aegis delivers cutting-edge products, by developing an avant-garde carrier-class technology based on proprietary architectures such as AXIGEN GrowSecureTM, AXIGEN SmartProcessingTM and AXIGEN UltraStorageTM.

For added details, amuse visit: www.axigen.com.