High-Tech Gründerfonds invests in Yatta Solutions GmbH
"The innovative technical approach of round-trip engineering combined with the positive effect of quality enhancement and appreciable cost minimization in the growing market of software engineering was the major consideration for our decision to invest," said Romy Schnelle, the investment manager responsible for Yatta Solutions at High-Tech Gründerfonds. With its investment, the Fund will be supporting the rapid development from the UML Lab prototype to a finished product. Moreover, it will assure the financing of the subsequent market entry. "The High-Tech Gründerfonds is the right investor for us because it places a wide network of follow-on investors and business partners at our disposal and finances high tech innovation - the expansion of our company will be speeded up through the High-Tech Gründerfonds' investment greatly," declared company director Dr. Christian Schneider.
With UML Lab software developers are given the possibility to take advantage of both worlds - the model view and the source code view. Yatta Solutions' technology provides an elegant and reliable solution to the problem of media discontinuity between design and realization of software. The synchronization of code and model offers a better overview and simplifies team communication. Extended processing functions and model-based refactoring reduce development time for software implementation and maintenance by up to 40%, thus making software development projects simpler, quicker and more cost-effective. Yatta Solutions supplies UML Lab either as a standard software product via the internet or as a customized solution together with company or project specific services. In this way it provides optimum solutions for any target group, from freelancers up to development departments of large corporations. Yatta Solutions will be launching the official beta version for UML Lab in the middle of next year. Beta testers can now register on www.uml-lab.com.
About High-Tech Gründerfonds Management GmbH
The High-Tech Gründerfonds invests venture capital in young, up-and-coming technology companies, which implement promising research results in the industry. The start-up companies are planned to lead their R&D projects to the production of a prototype or a "proof of concepts" or market launch by means of the seed financing of up to 500k EUR. The High-Tech Gründerfonds has a fund volume of around 272m EUR. Investors of the public-private partnership are the Federal Ministry for Economics and Technology, the KfW bank group as well as the six industrial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss.