Dynadec Announces Completion of $2 Million Series A Financing

Brown University Spin-Out Develops COMET Novel Optimization Technology Platform

Providence, R.I., January 5, 2010 – Dynadec today announced that it has completed its Series A financing in the amount of $2 million. The funding was led by the Slater Technology Fund, with participation from founding investor Liberty Capital Partners. The company, spun out of Brown University’s acclaimed Optimization Laboratory, was founded by Pascal Van Hentenryck in 2007. Van Hentenryck is widely acknowledged as one of the world’s leading optimization experts.

Dynadec develops optimization solutions based upon its patented software platform, COMET™. The world’s most comprehensive software platform for solving complex optimization problems, COMET combines multiple optimization technologies into a single, integrated development environment. The next generation platform’s high level modeling capabilities and native parallelism represent a significant technical breakthrough for the industry.

The company’s solutions solve complex operational problems in a wide array of areas including dynamic logistics, workforce scheduling and planning, and supply chain optimization, and delivers significant ROI by improving efficiency and decision making. Dynadec, which has offices in Providence, RI and Louvain-La-Neuve, Belgium, prides itself on combining it’s award winning platform, with world class operations research expertise. The company has licensed its software and solutions to a growing number of customers around the world.

“Dynadec’s team and technology are truly unique in the field of optimization and I fully expect them to change the game in optimization when Dynadec aims its next-generation platform at corporations’ biggest and toughest problems,” said Thorne Sparkman, managing director of the Slater Technology Fund.

James S. Gladney, Managing Partner of Liberty Capital Partners , the company’s largest investor said “We provided the initial funding for Dynadec and have participated in this follow-on round because we believe that Pascal and his team have created a technology that has enormous operating leverage. It enables companies to solve complex logistical problems that are otherwise unsolvable thereby creating huge cost savings at minimal expense. The value proposition is obvious and utilization of this technology will be widespread.”

“We appreciate Slater’s commitment to Dynadec,” said Jeff Vogel Dynadec Chairman and Partner at Liberty Capital, “As we continue to expand our customer base and look toward wide adoption of our software and solutions, we expect to benefit greatly from the support provided by Slater’s financial and business resources.”

About Slater Technology Fund
The Slater Technology Fund is a state-backed venture capital fund that invests in new ventures committed to basing and building their businesses in Rhode Island. Slater focuses its resources on the support of entrepreneurs who have the vision, leadership and commitment to build substantial commercial enterprises. Slater typically invests at the inception stage in the development of a new venture, often based upon ideas and technologies originating in academic institutions and/or government research laboratories located within the region. In most cases, investments are premised upon the possibility of raising substantial follow-on financing, from venture capital investors or from strategic partners, with a view toward accelerating the generation of significant numbers of high-value, high-wage jobs over the intermediate to longer-term. For more information, visit www.slaterfund.com.

About Liberty Capital
Liberty Capital Partners is a boutique merchant banking firm with practices in venture capital, private equity, and advisory services. Liberty specializes in helping companies meet their strategic growth needs via equity investment and advisory relationships. Liberty’s portfolio includes investments in technology, distribution, business services, financial services, and manufacturing companies. The company is headquartered in Providence, RI and also has offices in Boston, MA and Philadelphia, PA. For more information, visit www.libertycapitalpartners.com.

About Dynadec
Dynadec develops next-generation business decision optimization solutions that help enterprises solve their most challenging and complex operational problems. Dynadec’s hybrid optimization solutions for workforce planning and scheduling, production planning and scheduling, and supply chain optimization are based on the company’s COMET™ platform, which includes patent-pending dynamic stochastic combinatorial optimization algorithms developed by world-renowned optimization expert Pascal Van Hentenryck, Dynadec’s founder. COMET enabled solutions are used by enterprises in a variety of industries including Retail, Transportation, Aerospace & Defense, Healthcare and Energy. For more information, visit www.dynadec.com.

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For more information, contact:
Rob Williams
Dynadec
(401) 441-5308
rwilliams@dynadec.com