Metaforic Receives Funding From Pentech Ventures to Expand Worldwide Operations


GLASGOW, Scotland, October 1 /PRNewswire/ --

Metaforic, a leading provider of anti-tamper solutions, today announced
the closure of a US$2 million funding round from software specialist venture
capitalists Pentech Ventures and the Scottish Co-Investment Fund. The funding
will be used to enhance Metaforic's European presence and to expand the
company's worldwide operations including sales and marketing in the United
States.

Metaforic provides real world solutions to the increasing threat of
software hacking, loss of software integrity, and data theft. In response to
the growing commercial demand for software protection and integrity, this
injection of capital will allow Metaforic to bring its groundbreaking
technology - MetaFortress - to market. The funding comes on the heels of
Metaforic being named as one of the security industry's rising stars. Last
month, Metaforic was selected as a semi-finalist in the Global Security
Challenge (GSC). The GSC is a worldwide organization which runs an
international business competition to find and select the most promising
security startups.

"The technology and product that the team at Metaforic have built and
their initial go-to-market has been very impressive," said Sandy McKinnon,
partner with Pentech Ventures. "We believe that the MetaFortress approach is
the most technically advanced method of software protection currently
available, but more than that it is in addressing the ease of use and
minimizing the overhead in any application performance that positions
Metaforic as a potentially world-leading company in this space. MetaFortress
is a product that could take military-grade security to mass market software.

"Also Metaforic have solutions that are unique for cloud computing, which
could make them very strategic to the uptake of that technology. We are very
excited to be working with the team on this first phase of building
Metaforic," added McKinnon.

With enterprise software hacking at its highest level of penetration to
date, the need for robust and effective security solutions is a major
concern. MetaFortress uses advanced techniques to provide pervasive
protection to software in a manner that makes the effort involved in hacking
extremely tedious and lengthy to even the most sophisticated pirates. With
MetaFortress, protection times that average in the minutes are transformed
into protection times lasting months or even years.

"Current products on the market offer limited protection, huge
performance penalties and complicated, lengthy deployment procedures," said
Andrew McLennan, CEO of Metaforic. "MetaFortress makes no such compromises.
MetaFortress offers the highest level of software protection on the market,
with near zero performance impact, yet it only takes about an hour to deploy.
With our recent investment from Pentech and the Scottish Co-Investment Fund,
we are well positioned to expand our organization and introduce MetaFortress
to the worldwide market."

About Metaforic

Headquartered in Glasgow, Scotland, with offices in San Jose,
Calif., Metaforic develops anti-tamper products to protect any software
application, as well as DRM systems, Client Applications and License
Management Systems. 'MetaFortress' armors applications from the inside out,
preventing and protecting against all forms of tampering, piracy and the most
sophisticated hacking attacks. Metaforic's revolutionary software is easy to
use and offers extreme protection with near zero performance impact. Further
information is available at Metaforic's website www.metaforic.com

About Pentech Ventures

Pentech Fund I was launched in July 2001 to invest in early stage
software companies in the UK and Ireland, and made 11 investments, three of
which have exited, with the remaining portfolio at varying stages of
development. Pentech Fund II was launched in November 2007, and will invest
in UK/Eire companies in enterprise software, telecoms software, Internet,
mobile, embedded applications, and tech media.

The Pentech Partners and Advisory Group Members have gained considerable
experience in founding, developing and exiting software businesses, both in
Europe and in the US, with a number of the Advisory Group team being based in
the US. Pentech utilizes the wide experience of the team, together with our
international network of industry contacts, to identify software
opportunities with global potential, and to work with these companies to
realize that potential.

The Pentech Fund is managed by Pentech Ventures LLP, and numbers the
European Investment Fund amongst its investors. Pentech Ventures is regulated
by the FSA. http://www.pentechvc.com

MEDIA CONTACTS: Andrew McLennan                Paul Roberts
                    Metaforic, Ltd.                Davies Murphy Group
                    +44-(0)-141-333-6580           +1-781-418-2418
                    andrew.mclennan@metaforic.com  metaforic@daviesmurphy.com
                    www.metaforic.com              www.daviesmurphy.com


    Web site: http://www.metaforic.com
              http://www.pentechvc.com

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