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Dynasty secures strategic investment from Swiss based ETF (European Technology and Finance).

LISLE, Ill.--(BUSINESS WIRE)--Nov. 26, 1996--

New funds and leadership to reinforce corporate strategy with focus on product development and worldwide market penetration.

Good news for customers and the IT community.

Ending weeks of speculation concerning behind the scenes corporate maneuvering, Dynasty Technologies, Inc., a leading provider of Enterprise Class Development Solutions, laid all rumors to rest today by revealing that ETF (European Technology and Finance) has acquired a major stake in the Company.

ETF, a European investment company based in the Netherlands and headquartered in Switzerland, invests in fast growing companies and start-ups in the high-tech sector. A number of Europe's most highly regarded investors and institutions participate in ETF's funds. Dynasty is only one of several major Information Technology projects in which ETF is involved. The investment in Dynasty is a part of ETF's overall business development strategy. In June of 1996, ETF acquired a majority stake in Dynasty GmbH, Dynasty's distribution organization in Germany. The new investment in the Dynasty parent organization is a significant move into the U.S. market for application development tools and Object Oriented components. ETF states that "We believe we have acquired a stake in what is a company with huge potential for future growth and development."

Dynasty was founded in 1991 by Michael J. Lyons and has for a long time had the backing of a group of U.S. venture capital firms. "This is a very exciting development for everyone involved with Dynasty," said Ellen Carnahan of William Blair Venture Capital, one of Dynasty's original investors. "At some point, we expected Dynasty would need a big push to reach the level of success we know they can achieve. Bringing in a firm like ETF with all their experience and contacts does more for Dynasty than simply bringing in additional capital."

As expected, ETF will receive representation on Dynasty's Board of Directors. Mr. Giorgio Ronchi has been named as Dynasty's new Chairman and CEO. Mr. Ronchi is a prominent figure in the U.S. and International IT business community. His 30 year career includes highlights such as the $1.8 billion LBO of Memorex-Telex from 1986 to 1988, and since 1993, the successful turnaround of Teknecomp, an electronic components firm listed on the Stock Exchange.

Mike Wilson, who was President and CEO of Dynasty, will now consult on key issues facing Dynasty. "There are several areas we will concentrate on immediately," said Mike Wilson. "Primarily we will boost our market expansion capitalizing on the successful experience and contacts of our new partners."

Dynasty announced Version 3 of its namesake development environment - DYNASTY in July. Initial customer feedback has been extremely positive and contributed to ETF's enthusiasm for its investment in Dynasty.

According to Michael J. Lyons, "ETF and Giorgio Ronchi are very strategic additions to Dynasty. They are the next logical step in complementing us. They will help us realize our overall vision and implementation as the premier provider of the enterprise development environment that will naturally support the emerging vertical component marketplace."

About Dynasty Technologies Inc.

Dynasty Technologies Inc. develops and markets DYNASTY -- a new generation design and development environment for enterprise class distributed applications. DYNASTY provides visual and object-oriented facilities for building highly reusable business objects and mission critical applications in a multivendor environment.

Dynasty is a privately held company founded in 1991. Corporate headquarters are in Lisle, Ill. International headquarters are in Paris, France. Additional information is available on Dynasty's World Wide Web site, at http://www.dynasty.com

NOTE TO EDITORS: There are two "at" symbols in the email addresses below: one is between "arclark" and "aol.com," and the other is between "jzurawski" and "dynasty.com." This symbol may not appear properly in some systems.

CONTACT: S&S Public Relations

Allison Clark, 847/291-1616, ext. 256

arclark@aol.com

or

Dynasty Technologies Inc.

John Zurawski, 630/769-8500, ext. 218

jzurawski@dynasty.com
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Publication:Business Wire
Date:Nov 26, 1996
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