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Manthan Systems secures funding from DFJ ePlanet Ventures to accelerate growth and leadership

20-June- 2007 Bangalore, India Funding demonstrates continued investor confidence in Manthan's vision, technology, and market power Manthan Systems, a provider of Business Intelligence and Analytical solutions for the retail and consumer packaged goods industries today announced it has received funding from the leading global venture capital firm, DFJ ePlanet Ventures. Manthan will use the financing to accelerate its growth and leadership in the market by expanding distribution reach through sales and marketing and by expanding its product portfolio. As a result of this funding, Mr. Ayaz ul Haque, Director, DFJ ePlanet has joined Manthan's board of directors. "We're excited about the progress and momentum Atul and his team have achieved in the market. In a short span of time, Manthan has built a leadership position in providing robust business intelligence and analytical solutions for the retail market. Our investment in Manthan and confidence in Atul and the Manthan team will help advance their rapid growth into new markets and help them build upon their commanding position in this exciting marketplace" said Mr. Haque "Manthan's out-of-the-box Integrated Retail Business Intelligence Suite addresses the large market opportunity created by the need for on-demand access to enterprise data by managers, thereby enabling them to take strategic decisions on the shop floor and in the boardroom," added Mr. Haque. Mr. Atul Jalan, Founder & CEO, Manthan Systems said, "The robust and successful platform that we have built for ourselves and the market traction that we are experiencing today inspires us to go for global market dominance in the business intelligence and analytics space. We value the experience and competence that the DFJ ePlanet team as a whole would bring to the board." Manthan develops and markets a suite of software products and synergistic services to global retailers enabling them to take data-driven business decisions. Manthan's business intelligence platform delivers enterprise-wide analytics capability with dramatically superior performance when compared with competitive options. With a hybrid portfolio of products and services, Manthan is able to offer end-to-end data warehousing and business intelligence capability to its customers.Retailers have traditionally not leveraged their data rich environment to drive decision making. Manthan provides retailers with the tools they need to measure performance, pinpoint the source of exceptions and understand the relationships between customer groups, products, promotions and multiple channels. Businesses that have implemented Manthan's products have seen improved margins, customer retention, inventory efficiency, promotion effectiveness and wallet share while having reduced markdowns. Manthan has deployed its out of box integrated retail intelligence suite for several global retail and consumer packaged goods customers. "Many leading retail market players have adopted our solutions, and we see ourselves as a major enabler in enabling retailers to make date-driven decisions to increase efficiency and profitability." Atul concludes. About DFJ ePlanet Ventures Founded in 1999, DFJ ePlanet Ventures pioneered the development of a true global venture capital business model and was the first venture capital firm that utilized a global model with offices in Asia, Europe and the United States. With its global footprint of local offices in key centers of innovation and venture capital activity, DFJ ePlanet has been one of the leaders in promoting the cross-border migration of technological innovation, business models and entrepreneurship. DFJ ePlanet seeks to provide superior returns to its investors by making investments on a global basis in companies where the application of innovation in technology and/or business models has the potential to create high-growth, category-dominant companies. DFJ ePlanet is focused on business environments such as: (i) very fast growing emerging sectors, where a company can achieve dominance in its market segment; (ii) established technology markets, where the pace of innovation and change is accelerating, and within which new start-up companies can thrive; and (iii) businesses with high gross margins in large markets. This philosophy has yielded successful exits including: BAIDU (www.baidu.com) (NASDAQ: BIDU), the Chinese search engine that became the most successful first-day foreign IPO in U.S. market history; SKYPE (www.skype.com), the VoIP service provider that was acquired by eBay in 2005 in a transaction valued at up to $4.1 billion; FOCUS MEDIA (www.focusmedia.cn) (NASDAQ: FMCN), the Chinese flat-screen delivery commercial advertiser that successfully exited on NASDAQ in 2005; KONG ZHONG (www.kongzhong.com) (NASDAQ: KONG), a wireless communications company that exited on NASDAQ in 2004, CYANEA, which was acquired by IBM; and LONGCHEER (www.longcheertel.com) (SGX: L28.SI) the Chinese handset designer that listed in Singapore in 2005. The Firm has made investments in sectors such as the Internet (consumer Internet, Internet services and applications), wireless communications and applications, VoIP and other broadband services, entertainment, semiconductor design, life sciences and other emerging services sectors.

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