Arzoon Secures $10 Million in Venture Funding

100% Customer Satisfaction Continues at Logistics Resource Management Provider

San Mateo, Calif. Thursday, April 17, 2003 /PR Web/ -- Arzoon, a provider of integrated international trade logistics and transportation management software, announced today the completion of a $10 million round of financing. The financing was jointly led by Redrock Ventures and InnoCal Venture Capital, together with participation by existing investors including Venrock Associates.

"Since Arzoon's inception, we have remained committed to achieving 100 percent customer satisfaction with our logistics resource management software," said Farid Dibachi, Chairman and CEO at Arzoon. "The geopolitical issues of the last few years have created unprecedented challenges for global shippers and increased demand for logistics software. The latest round of financing from new and existing investors further validates the strength of our business strategy and importance of our software in ensuring the safety and security of global supply chains."

Arzoon customers include several Global 2000 companies. The company is the first software vendor to integrate international trade logistics with multi-modal transportation management to provide a holistic view of the supply chain and facilitate the movement of international shipments -- from raw materials to finished goods. Arzoon software assists companies in meeting new U.S. Customs requirements for tracking and monitoring the status of all international shipments.

"We decided to invest in Arzoon because of the strength of its product in uniquely addressing global and domestic transportation challenges on a single, web-native platform," said Jay Houlihan, Managing Partner at InnoCal.

Bob Todd, Managing Partner at Redrock Ventures added, "The strength of Arzoon's management team along with the rich knowledge base of the company's global transportation experts is truly unique. The main reason behind our investment was the significant benefits realized by Arzoon customers in using its solutions."

"Arzoon is unique in their low-cost, fast turn-on deployment strategy. As an early investor in Arzoon, we continue to believe in this practical, cost-effective strategy as their customers realize cost-savings quickly with little required upfront investment," said Ray Rothrock, Executive Managing Partner at Venrock Ventures. "Arzoon's continued commercial success is clear evidence this strategy is working."

About Arzoon, Inc.
Arzoon is a leading provider of Logistics Resource Management (LRM) solutions, a new class of software solutions for supply chain execution that provides visibility and control of integrated transportation and import/export processes and delivers cost savings, trade security, and supply chain advantage to Global 2000 companies. The Arzoon LIFE family of Web-based solutions offers robust functionality in transportation sourcing, optimization, and execution, import/export compliance, inventory visibility, event management, reporting and analysis, and freight payment. Arzoon LIFE software is used by a growing number of leading companies around the world in the high technology, transportation services, manufacturing, and consumer products industries. Founded in September 1999, Arzoon, Inc. maintains its worldwide headquarters in San Mateo, Calif. and has operations and offices located throughout North America and Europe. Arzoon can be contacted in the U.S. at +1.650.522.6000 or at www.arzoon.com.

For more information regarding Arzoon's investors, please visit:
Venrock Associates: www.venrock.com
Redrock Ventures: www.redrockventures.com
InnoCal Venture Capital: www.innocal.com

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