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Harmony Information Systems Raises $28 Million in Series B Financing from JMI Equity, Updata Partners, ORIX Venture Finance and Comerica Bank
Date:10/31/2007

Funding will Accelerate Expansion of Industry Leading Health and Human

Services On-Demand Software Solutions

RESTON, Va., Oct. 31 /PRNewswire/ -- Harmony Information Systems, Inc., (Harmony) the industry-leading provider of software solutions for the health and human services (HHS) sector, today announced that it has raised Series B equity and debt financing totaling $28 million. The round was led by existing Harmony investors JMI Equity and Updata Partners, with ORIX Venture Finance and Comerica Bank also participating as new investors in Harmony.

Harmony will use the funding to accelerate the expansion of its sales and marketing team, develop new on-demand and on-premise software solutions for public and private HHS organizations, increase its consulting service offerings and address new and existing growth opportunities across the broad range of service programs in the HHS sector. Additionally, Harmony will continue to provide quality support to its existing customer base in 43 states, the District of Columbia, Puerto Rico and Canada.

"JMI and Updata, both known for their software expertise and specialized investments in growth capital for technology companies, continue to demonstrate their strong commitment to Harmony's growth and ongoing success," said Tonya Harmon, CEO and Founder of Harmony. "This funding further validates our model for development and delivery of world-class solutions that enable case management professionals to meet the needs of clients, while optimizing care efficiency and quality."

In connection with the Series B funding, John Burton, Managing General Partner of Updata, will join Updata General Partner Tim Meyers and JMI General Partner Brad Woloson on the Harmony Board of Directors.

"We are proud of our affiliation with Harmony and the strong growth the company has achieved," said Mr. Woloson of JMI. "Harmony's recent merger with Synergy has created a company with an expanded geog
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SOURCE Harmony Information Systems, Inc.
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