JAlbum raises capital from Nordic Venture Partners

Stockholm, Sweden-August 29, 2006-Nordic Venture Partners has invested in JAlbum. The financing will be used primarily to support the company in enhancing its software and website to support the growing JAlbum community. JAlbum has grown rapidly to become one of the most widely used and loved open-source photo and video album software projects in the world.

JAlbum is a website, community and free software that produces photo and video albums. JAlbum allows you to generate virtually any imaginable album look and works and runs anywhere. JAlbum is written in the Java programming language so it runs not only on Windows, but also on Macintosh and Unix systems like Linux and others. JAlbum also enables peer to peer sharing of albums directly from a local hard disk or publishing on the Internet. The goal of JAlbum is to provide the best photo and video album freeware, site and community support empowering users with total control over their presentation, publishing and sharing of their images’ and videos’.

JAlbum was started about four years ago by David Ekholm after numerous disappointments with existing album software. It has grown into one of the world’s most popular album software programs and most active communities.

“We are very excited about our partnership with Nordic Venture Partners. This enables JAlbum to accelerate development of its freeware and better support the growing JAlbum community. We can focus on fulfilling JAlbum’s mission of providing the best album freeware in the world, supporting our growing community and providing you with control over your own images and videos.” says David Ekholm, CEO of JAlbum.

FOR FURTHER INFORMATION, PLEASE CONTACT:

David Ekholm
Mantalsvägen 33
S-175 50 Järfälla
Sweden
+46 70 486 77 38
david@jalbum.net
www.jalbum.net


NORDIC VENTURE PARTNERS invests in technology companies with the potential for rapid growth and international expansion. Nordic Venture Partners is committed to partnering with entrepreneurs to build valuable businesses. The firm adds significant value through active participation in the strategic and operational development of its portfolio companies. Nordic Venture Partners emphasizes the importance of outstanding management, market understanding and innovation in the business concept as critical success factors for its portfolio companies. We actively work to commercialize great technology companies internationally.

Nordic Venture Partners has been an active investor since its inception in 2000 with combined funds under management of €335 million. Nordic Venture Partners has invested in 25 companies to date.

More information on Nordic Venture Partners can be found at www.nordic.com or please contact:

Per von Zelowitz
Nordic Venture Partners
Birger Jarlsgatan 14
S-114 34 Stockholm
+46 70 6523141
pvz@nordicvc.com