SUNNYVALE, Calif., Mar. 12 /PRNewswire/ -- ClearApp, the only company offering Application Performance Management (APM) Automation(TM) for portal, J2EE and SOA applications, today announced the Company secured up to $5.0 million in debt financing from TriplePoint Capital. ClearApp will use the funds for the company's expansion plans, particularly in the areas of field sales and marketing, related to increasing demand for its QuickVision solution.

Adoption of service-oriented architectures (SOA) continues to grow, leading Global 2000 companies to increasingly deploy complex applications made up of diverse and rapidly changing components. Optimizing performance of this new class of applications continues to be a top priority. Today, dozens of large enterprises such as Abbot Laboratories, Fidelity Investments, ING, Pearson and Bayview Financial rely on ClearApp's QuickVision to monitor and manage their mission-critical composite applications.

"ClearApp has operating capital in excess of the company's foreseeable needs to grow the business; however, adding cash to the balance sheet further strengthens their position to grow market share more rapidly," said Dave Schwab, managing director at Sierra Ventures. "We are delighted to partner with a blue-chip firm like TriplePoint Capital. They have an incredible customer service focus, a proven ability to structure a deal that fit our unique needs, and a long term approach to partnering with ClearApp."

"The quality of ClearApp's team and the compelling value proposition of its innovative solutions have positioned the Company to become a leader in the management of application performance," said Tom Niehaus, managing director, TriplePoint Capital. "We are excited about the business ClearApp is building and its market potential."

"TriplePoint Capital's involvement demonstrates ClearApp's continued ability to attract tier-one funding," said Jason Donahue, president and CEO, ClearApp, Inc. "This financing validates ClearApp's business model, as well as our future plans and prospects."

ClearApp completed a Series B financing round led by Sierra Ventures totaling $14.2 million last June 2006. This latest round of debt financing brings the total funding amount raised to more than $25 million. ClearApp will use proceeds from the debt financing to support sales and marketing efforts as well as other strategic programs intended to maintain the company's strong customer momentum.

About TriplePoint Capital

Launched in 2005 and based on Sand Hill Road in Menlo Park, California, TriplePoint Capital is a privately-held financial services company that provides debt financing to leading high-growth companies throughout their lifespan. TriplePoint Capital's leases and loans range from $250,000 to tens of millions of dollars in size and enable companies to acquire equipment and resources to support growth and expand operations. TriplePoint Capital's team is the most experienced in the industry and its highly optimized financing products and unique value-added services provide the greatest flexibility available to venture capital and private equity funds and their portfolio

companies. For more information on TriplePoint Capital, visit http://www.triplepointcapital.com/.

About ClearApp, Inc.

ClearApp, Inc. is the only company offering APM Automation(TM) for portal, J2EE and SOA applications. Based on unique modeling technology, ClearApp's QuickVision helps customers quickly gain control of their application performance by providing instant, comprehensive visibility, automatic management configuration and application change detection. Headquartered in Sunnyvale, California, ClearApp can be reached at (408) 245-1000 or at http://www.clearapp.com/.

ClearApp and QuickVision are registered trademarks of ClearApp, Inc. All other company, brand and product names may be trademarks or registered trademarks of their respective holders.

Media Contact: Bill Bourdon Bateman Group for ClearApp (415) 602-1491 clearapp@bateman-group.com

CONTACT: Bill Bourdon of Bateman Group for ClearApp, +1-415-602-1491, or
clearapp@bateman-group.com

Web site: http://www.clearapp.com/