PINC Solutions Closes Third Round of Venture Financing
Series C funding to Accelerate Growth at PINC Solutions

BERKELEY, CA – March 30, 2007 – PINC Solutions, leader in low-infrastructure, real-time asset visibility, announced today that it has completed its series C financing led by Horizon Ventures.  Horizon was joined by past investor, Sutter Hill Ventures, in the financing round.
PINC was launched in 2004 with seed capital from Siemens Technology-To-Business Center to focus on innovative asset positioning solutions. Subsequently, Sutter Hill Ventures provided the next round of financing in early 2006 which led to several successful pilot installations and the introduction of Yard Hound™ product suite.  The current round of financing will be used to expand the sales, marketing, and various business development operations at PINC Solutions.
About Horizon Ventures – Horizon Ventures is a venture capital partnership responsible for $150M in private and SBIC leveraged capital, with exclusive focus on early stage private companies. http://www.horizonvc.com/.
About Sutter Hill Ventures –  Sutter Hill Ventures is a venture capital firm that finances technology-based start-up and early-stage companies that pioneer products or services in growth markets, especially those in information technology. Founded in 1964, it is one of Silicon Valley's original venture capital firms. http://www.sutterhillventures.com.  
About PINC Solutions – Founded in 2004, PINC is headquartered in Berkeley, California, and has many customers in North America.  PINC has pioneered the use of passive RFID and MEMS-based sensors in determining the position of items, eliminating the needs for heavy, up-front infrastructure.  For more information about PINC Solutions and the Yard Hound Product Suite, visit: www.pincsolutions.com.

Contact: Farshid Arman, PINC Solutions, 510-845-4900, press@pincsolutions.com
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