Vero Software - Acquisitions and Capital Funds

Acquisitions and Capital Funds

• May 2000 - acquired an Italian software company formerly known as Tecnocam for $349k plus shares.

• March 2001 - acquired the Electronic Data Interchange, a division of the South Wales based Ubiquity Software Corporation used for the secure transfer of automotive CAD/CAM data for $361k.

• May 2001 - November 2003 - raised up to €4.2million from a Eureka development grant Accordingly the Company recognized $680k due to the Eureka grant and other Italian grant awards as development cost savings in the 2002 accounts.

• May 2002 - Raised $4.6m from the stock market.

• July 2002 - took over its US subsidiary for the assumption of $355k in debt and forgiveness of another $259k of debt.

• August 2002 - sold its office in Prague for $33k.

• September 2002 - acquired machining STRATEGIST and the majority of the programming team from NC Graphics for £1m cash plus shares.

• May 2003 - Received £143k from the South West Regional Development Agency.

• December 2006 - acquired Camtek, a nearby CAM software supplier.