aPriori Secures $4.5 Million in Series A Venture Funding

Successful Customer Trials Lead to Extended Commercial Solution

Concord, MA, March 7, 2005 – aPriori, a leading provider of cost management software solutions for the discrete manufacturing industry, today announced that it secured $4.5 million in Series A venture funding from Bain Capital Ventures and Sigma Partners. The funding will support aPriori’s ongoing product development and recruitment efforts.

“aPriori’s value proposition is unique in that it enables Fortune 100 manufacturing companies to significantly reduce costs and improve margins by accurately measuring, controlling and reducing cost of goods sold throughout the entire product development process,” said Ajay Agarwal, Venture Partner at Bain Capital Ventures. “Bain Capital Ventures is excited to partner with aPriori’s seasoned executive team as they bring much needed innovation to the discrete manufacturing industry.”

Providing real-time, predictive cost assessment throughout the entire product development process, aPriori’s cost management platform allows designers, manufacturing engineers, purchasing professionals, cost managers and program/product management to make better decisions, enabling them to reduce, avoid and recover product costs. aPriori also enables companies to reduce cost of goods sold by whole percentages through identifying quantifiable savings in material, tooling, labor and overhead while evaluating alternative designs, processes and sources.

“We believe aPriori has tapped into a significant market opportunity in the manufacturing industry,” said Bob Davoli, managing director at Sigma Partners. “Through extensive production use at a Fortune 100 manufacturer, aPriori has proven that its products deliver immediate value and quantifiable savings in material, tooling, labor and overhead.”

“We’re proud that blue-chip investors such as Bain Capital Ventures and Sigma Partners see the value that our vision and team brings,” said Frank V. Azzolino, president and CEO of aPriori. “This round provides aPriori tremendous affirmation and allows us to further our product development efforts and continue to build traction with our early customers and pilot trials.”

About Bain Capital Ventures
Bain Capital Ventures, the venture capital arm of Bain Capital, leverages the institutional advantages and consulting-based approach of Bain Capital to build industry-leading businesses. Focusing on industries such as technology, healthcare, business services, and consumer, Boston-based Bain Capital Ventures benefits from the broader resources of Bain Capital, which includes over 160 investment professionals, a network of over 225 portfolio companies, over $23 billion of assets under management, and the knowledge from 20 years of successful venture investing. For more information, visit www.baincapitalventures.com.

About Sigma Partners
Sigma Partners, a high technology venture capital firm with over a billion dollars under management, helps entrepreneurs transform ideas into substantial, profitable businesses. Our partners have experience as successful CEOs, entrepreneurs and technologists. With this deep operating and technical insight we help build teams and strategies that produce sustainable value and successful outcomes. We were early investors in companies such as Cascade, Vignette, Storage Networks, Internet Security Systems and Tradex. CEOs of Sigma portfolio companies speak highly of how we leverage our network, our experience and our creativity. For more information, please visit www.sigmapartners.com.

About aPriori
aPriori (http://www.apriori.com) is a venture-backed company developing an innovative platform of cost management software solutions for the discrete manufacturing industry. aPriori’s patent-protected Cost Management platform, originally developed in tight collaboration between the University of Illinois, Urbana-Champaign and a F100 manufacturing company, allows companies to assess, control, and reduce cost of goods sold (COGS) by whole percentages. aPriori, headquartered in Concord, MA, was founded in 2003, and is funded by Bain Capital Ventures and Sigma Partners.

aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

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