HLM Venture Partners Leads Series B Financing of CaseNET, Inc.

Nov 12, 2007, 00:00 ET from CaseNET, Inc.

    BOSTON, Nov. 12 /PRNewswire/ -- HLM Venture Partners announced today
 that it has led a $7.5 million Series B preferred stock financing of
 CaseNET, Inc. CaseNET, based in Waltham, MA, is an early-stage health care
 information company that offers health care enterprises and government
 agencies a software solution for medical and care management.
     As a new investor, HLM committed $4 million to the round and was joined
 by existing investors Sigma Partners, Aurora Funds and Howard Cox. Peter
 Grua, a partner at HLM, will join the CaseNET board of directors.
     CaseNET's software platform is used by health plans, disease management
 organizations, governmental agencies and large provider groups. It provides
 care managers with an opportunity to automate their workflow, improve
 productivity, and secure better outcomes for patients and clients.
     According to HLM's Peter Grua, "The market for medical management
 software solutions is large and well established and is experiencing a
 surge in interest. Health plans and government agencies are looking to new
 patient- centric technology solutions that enable them to more effectively
 predict, monitor and manage the utilization of their members and eligible
 recipients. CaseNET is well positioned to gain a meaningful share of the
 market because it offers an excellent solution and is led by an experienced
 management team with a proven track record of building successful
     Brian O'Neill, the CEO of CaseNET, has built four successful software
 companies over the past 20 years, all of which created new markets or
 dramatically changed the rules in existing ones while building strong
 relationships with customers.
     "We are excited to partner with HLM and to include Peter Grua on our
 board of directors," said CaseNET's Mr. O'Neill. "His rich experience in
 health care service and information companies and working with payer
 organizations is extremely valuable to us as we enter our next stage of
     About HLM Venture Partners
     HLM Venture Partners provides venture capital to emerging companies
 focused on health care information technology, health care services and
 medical technology. During the past 15 years, HLM has helped more than 60
 privately held health care companies turn innovative ideas into
 market-leading businesses. The company's investment professionals have over
 125 years of collective expertise in the health care industry, an
 accumulation of knowledge that is invaluable to the leadership of its
 portfolio companies. For more information, visit:
     About CaseNET
     CaseNET, Inc. provides a comprehensive suite of care management
 software and service solutions that center on the individual receiving care
 and the discipline of team-based care management. At the heart of the
 system is a highly flexible platform that incorporates an organization's
 existing processes and workflows into an intuitive environment along with
 breakthrough reporting capabilities that turn care management data into
 meaningful, real- time accessible outcome data. For more information
 contact CaseNET (888) 701-0886 or e-mail info@CaseNETinc.com. Online
 information is found at its website: http://www.CaseNETinc.com