TECTURA Obtains Private Equity Funding from Pequot Capital Investment to Power Next Stages of its Growth Strategy TEMPE, Ariz., Oct. 27 /PRNewswire/ -- TECTURA, a leading service provider specializing in the deployment of Microsoft integrated business solutions, announced today that it has secured $12 million in private equity financing from Pequot Ventures, the direct investment arm of Pequot Capital. The investment capital will primarily be used to fund acquisitions as TECTURA continues to build out its nationwide presence. "Pequot Ventures' significant investment speaks not only to TECTURA's position as the leading national Microsoft Business Solutions and Microsoft Classic services company, but also to the tremendous opportunity to accelerate growth through an active acquisition program," said Terry Petrzelka, CEO of TECTURA. "We believe that with the support from our investment partner, Pequot Ventures, TECTURA's proven management team, the talent and passion among our employees and Microsoft's commitment and continued investment in technologies serving the mid-market, TECTURA will be able to accelerate its national expansion as a dedicated Microsoft Channel Partner that delivers true business value to companies across the United States." "Pequot Ventures is very excited about the opportunity to help fund the enhancement and build out of TECTURA's national organization," said Gerald Poch, Managing General Partner of Pequot Ventures. "Since its founding in 2001 and even during challenging economic times, TECTURA's management team has grown revenues by over 560% with 2003 revenues expected to be approximately $33M, while also leading the industry in providing complex systems solutions at the highest level of customer satisfaction and customer loyalty. We believe that TECTURA's national footprint, customer base and leadership team offers a tremendous platform to build the preeminent Microsoft mid-market IT services company by continuing to expand through healthy above market organic growth, as well as through a dedicated acquisition program. As we work together, we know that TECTURA will continue to accelerate its rapid growth, cementing its position as the 'go to' national Microsoft Business Solutions and Classic Channel Partner serving the mid-market in the years ahead." About TECTURA Corporation TECTURA, a Microsoft Business Solutions US Partner of the Year, provides true business value and competitive advantage to its clients by delivering integrated technology services and solutions. A Managed, Gold Certified Microsoft Classic and Microsoft Business Solutions Partner, TECTURA is positioned as a premier provider of supply chain management, manufacturing, distribution, customer relationship management, field service, financial management and enterprise project management solutions. Staffed with approximately 200 team members located in 14 offices across the United States, TECTURA is differentiated by its ability to locally discover, design & deliver business solutions while leveraging its national-reaching resources. TECTURA has been acknowledged as a Microsoft Business Solutions Inner Circle, President's Club, Million Dollar Club and Eagle award recipient along with being honored with the Manufacturing Excellence & Customer Excellence awards, continuing to exemplify its award-winning reputation for demonstrating commitment to customer excellence. More information about TECTURA can be found at http://www.tectura.com/. About Pequot Ventures Pequot Ventures is the direct venture investment arm of Pequot Capital Management, Inc., focusing on the most dynamic startup, growth stage and later-stage companies in the technology, telecommunications, healthcare, and defense sectors. Pequot Ventures creates value by bringing energy and substantial industry expertise to its portfolio companies through the collective intellectual capital, deep operating experience and extensive network of its investment team. The firm leverages its unique multi-billion dollar presence across both public and private equity markets to help build competitive, sustainable businesses in fast changing environments throughout their lifecycle. Pequot Ventures accomplishes this goal in close partnership with the founders and management teams of its portfolio companies. For more information, please visit http://www.pequotventures.com/. Media Contact: Chandra Petrzelka National Marketing Director TECTURA Corporation 408.309.1780 All products mentioned in this release are registered trademarks or trademarks of their respective holders. This release may contain descriptions of the Company's expectations regarding future business trends. These forward- looking statements are made in reliance upon safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Accordingly, actual results may differ materially from those contemplated by the forward-looking statements. DATASOURCE: TECTURA Corporation CONTACT: Chandra Petrzelka, National Marketing Director of TECTURA Corporation, +1-408-309-1780, Web site: http://www.pequotventures.com/ Web site: http://www.tectura.com/

Copyright