Comet Solutions, Inc., the innovative provider of Comet software for model-based concept engineering starting early in the product design cycle, is pleased to announce the closing of a $4 million Series C equity capital round. The company's last round of Series B financing closed in December 2009. This round of investment is being led by current investor Athenian Venture Partners and comprises a syndicate including new investor Sun Mountain Capital, current investor Tri-State Growth Capital Fund and several other new individual co-investors. The capital will be used primarily to expand resources and activities in sales, marketing, and customer support.

High sales growth, new international distribution partnerships in key markets and an increase of its customer base have enabled the company to attract capital from an expanded set of investors. Commented François Hélou, Senior Partner with Athenian Venture Partners, "We observed Comet Solutions make tremendous progress since the time of our initial investment two years ago, as exemplified by the 150% increase in sales in 2011 over 2010. With its success in advancing Computer Aided Engineering, Comet Solutions aligns with Athenian's strategy to seek out companies with a sustainable vision, substantial intellectual property, deep management bench and unique products that provide effective solutions to acute business problems."

Lee Rand, General Partner with new investor Sun Mountain Capital, added "The company's success delivering value to customers in high growth sectors, such as optics, and high growth geographies, such as China, convince us that their software can be a game changer in the Product Lifecycle Management market. We are excited to invest in Comet Solutions and believe the company is poised for breakout growth."

About the Investors
For more information on Athenian Venture Partners visit their website at www.athenianvp.com. For more information on Sun Mountain Capital visit their website www.sunmountaincapital.com. For more information on Tri-State Growth Capital Fund visit their website at www.fortwashington.com.

About Comet Solutions, Inc.
Comet Solutions, Inc. enables manufacturers to achieve a simulation-driven product development process guided by engineering intent -- improving R&D productivity and reducing total costs. Comet software is an integrated conceptual modeling and collaborative process automation workspace in which engineering project teams evaluate design concepts vs. engineering requirements starting in the early stages of product definition and feasibility trade studies. Performing analyses rapidly through reusable, tool-neutral simulation templates powered by Comet's unique Abstract Engineering Model, engineers and designers gain insight into product performance much earlier in the product design process and make better informed decisions. With Comet software, companies exploit the full potential of their existing CAD/CAE/PLM tools and explore more design alternatives, enabling the rapid development and delivery of more innovative, higher quality, and cost-effective products. For more information, visit us at www.cometsolutions.com.