In Its Largest Deal Ever, UTFC Invests in Lindon-Based Corda Technologies

Business Wire, August 25, 2005

SALT LAKE CITY -- Data visualization software company gives executives instant, interactive view of company's performance

UTFC Financing Solutions, LLC today announced its largest investment to date in Corda Technologies, which sells interactive data visualization solutions that allow executives to monitor global performance of their companies and better make critical decisions in real time. Corda executives requested the amount of the investment not be disclosed.

Lindon, Utah-based Corda (www.corda.com) recently launched CenterView(TM), its enterprise dashboard solution for c-level executives, as part of its transformation from a focus on developer tools to offering broad enterprise-level solutions for corporate executives.

"They've created a solid foundation to move into this new phase of the company," said UTFC CEO Steve Grizzell, who has been tracking Corda for years. "When we finished our due diligence, it was clear to us that Corda is the industry leader and we are pleased to be able to play a role in its future."

CenterView and Corda's other products allow executives to utilize all organization key performance indicators (KPIs) from all data silos across their enterprise in easy-to-understand graphical interfaces, which allows them to make critical decisions and better manage their global operations anytime and anywhere. The firm's customers come from a wide variety of global industries, such as corporate enterprises, financial institutions, government, health care and insurance.

In explaining the unprecedented size of this investment for UTFC, Grizzell pointed to the stability and results of Corda's executive team.

"They've consistently produced solid, steady performance and are well managed from a cash perspective," he said. "Corda's product line is second to none in addressing current market demands and they've put together the right team to manage it."

Corda CFO Alan Hansen said his firm will use the infusion of cash to continue to fund its transition from selling developer tools to selling enterprise-level solutions for corporate executives.

"We've brought on very skilled, experienced people who can successfully sell to enterprise software customers," he said. "We've also adopted new marketing tools and approaches."

Hansen added that his firm chose to work with UTFC on the deal because "Steve Grizzell's reputation is impeccable."

UTFC Financing Solutions, LLC is a small business investment company (SBIC) in Salt Lake City that fills a unique niche in the market, providing the needed capital to start and grow businesses. It provides up to $500,000 in subordinated debt (and more in some cases) to startup companies in and around Utah. Read more at www.utfc.biz.

Corda Technologies is the leading provider of enterprise dashboards and interactive data visualization solutions that enhance smart decision-making. For a decade, Corda has led the evolution of data visualization from static charts and graphs to interactive, intuitive executive dashboards. Its award-winning solutions include developer tools, enterprise server products and professional services that improve business performance and enable customers worldwide to enhance bottom-line results. For more information regarding Corda, its customers, awards and partners, please visit http://www.corda.com or call 801-805-9400.

For more information, contact Steve Grizzell, UTFC's CEO, at 801-741-4200 or sgrizzell@utfc.biz; and Christine Hagel, Corda's director of marketing, at 801-805-9437 or chagel@corda.com.