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Dacos Software receives 3 million Euros to fund growth
Target Partners and SAP Ventures invest in advanced simulation software firm

SAARBRÜCKEN – March 8, 2006 -- The venture capital firms Target Partners (Munich) and SAP Ventures (Walldorf) are jointly investing € 3 Million in Dacos Software GmbH (Saarbrücken). Dacos Software has developed and designed an innovative software product for analysis, forecasting and simulation of complex systems.

„This investment will enable us to essentially speed up market entry for our Simulation Engine in the retail and consumer goods markets and will expedite the further development of our products” says Prof. Dr. Joachim Hertel, CEO and founder of Dacos.

Better evaluation of customer behavior
Based on its generic Simulation Engine, Dacos has launched its first product: the “Retail Simulation Engine” for the retail industry. An entirely new software approach allows simulation of the effects of manifold “events” on customer behavior, e.g. the quantitative simulation of customer reactions to external influences like weather conditions, marketing campaigns etc. “We are able to go through “what-if-scenarios” and test ex-ante reactions of customers and customer groups to changes in the marketing and sales mix and analyze customer value, risk and segmentation” explains Prof. Dr. Hertel.

In addition to the Retail Simulation Engine, a sector solution for the consumer goods industry is available: the Consumer Products Simulation Engine. Further applications are conceivable, e.g. the simulation of financial and stock markets or other macroeconomic simulations.

The development
The Dacos Simulation Engine was developed over the past four years in close cooperation with the German research center for artificial intelligence (DFKI) in Saarbrücken, one of the leading research centers in this field worldwide.

The research team has already received two awards for its work on the subject “sales simulations” for the best international research from leading international professors. Dacos’ technology has also received multiple international awards, e.g. at the international IEEE conference in Peking in September 2004 as the best application in the field of multi-agent systems worldwide.

A close cooperation with the DFKI guarantees the ongoing development of Dacos products.

The procedure
Software agents automatically extract and „learn“ behavioural patterns from existing real data, e.g. sales slips or store card data. The “learned” patterns are encapsulated in so called behavior nets to react in analyses and simulations to arbitrary alterations (advertising campaigns, price changes, etc.).

Waldemar Jantz, Partner at Target Partners declares: “This absolutely new technological approach to simulation promises significant customer benefits and is applicable in many industries. Companies can more precisely plan their business processes and become faster, more efficient and effective. Dacos customers generate an obvious competitive advantage – these are good reasons for an investment in Dacos.”

Established in 2001, Dacos Software GmbH has grown to 25 employees. CEO Professor Dr. Hertel looks at this round of financing as a proof of trust: “With Target Partners and SAP Ventures we convinced two very critical and experienced investors. We rate this as a clear sign for being on the right track. Now it is time to show firms with our first products how big the competitive advantage of our simulation software can be.”

Dacos Software Ltd. was founded in 2001 as a spin-off of the German Research Centre for Artificial Intelligence. The Company focuses on the development of a new generation of software for the analysis, prognosis and simulation of complex systems. The retail and consumer goods industries were the first segments for which Dacos developed specific software solutions. The use of the Dacos’ core technology in other segments is planned. With its team of founders, Professor Dr. Joachim Hertel, Professor Dr. Joachim Zentes and Professor Dr. Jörg Siekmann (all from the University of Saarland

Publisher Contact Information:

Target Partners
+49 (89) 207049-0

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