San Francisco, Calif. –May 20 , 2008 – Aruspex, an Australian born global provider of strategic workforce solutions, today announced that it has raised A$4mil (US$3.8mil) in its first investment round. The company will use the capital to fund their ongoing global growth, particularly in the US.

“The US is a great market for us, and accepting venture backing means we are really well placed to accelerate our growth, and of course to build on successes we have with early customers like Starbucks and Aetna” said Stacy Chapman, a founder of Aruspex. “It’s also great for the industry to see professional investors backing innovative human resource software”.

Since its inception in 2002, Aruspex has been self-funded and profitable to date – a business model which helped secure the investment. Founded in Melbourne, the fast growing company now has presence in the US and Europe and is developing a Fortune 500 customer base with their innovative approach to workforce planning

“The technology developed by Aruspex to help companies deliver strategic workforce planning is arguably the clearest and most effective in the industry and will help companies maximize the value they get from their workforce,” said John Dyson, Investment Principal at Starfish Ventures. “Starfish is delighted to support this strong entrepreneurial team as it works to become a global leader in workforce solutions.”

“Of course, it’s not just the capital”, said Walton. “The experience and expertise provided by our investors adds years of experience and savvy to our team, and gives us the ability to scale quickly to meet our growing demand. Our investors have a serious track record of helping Australian companies succeed globally. Workforce Planning is really taking off as a discipline, and this helps us help many more leading companies plan for their futures.”

About Aruspex

Aruspex delivers strategic workforce planning solutions that help organizations design and attain their future workforce.  Our intuitive CAPTure planning software goes beyond simple reporting; it analyzes internal and external demographic trends, identifies future workforce gaps and guides executives and HR professionals to solve different scenarios.  The Aruspex model was developed through years of practical experience, and we are passionate about workforce planning. For more information, visit www.aruspex.com.

About Starfish Ventures
Established in 2001, Starfish Ventures is an Australian owned venture capital fund manager seeking superior returns through active investment in innovative technology companies. Starfish Ventures has over $350 million in funds under management and has made investments in over 30 companies to date. Starfish Ventures seeks investments in emerging Australian businesses across all technologies sectors including information and communications technology, biotechnology and life sciences, industrial technology, material sciences and cleantech. For more information go to www.starfishvc.comMedia

Contacts

Stacy Chapman, Aruspex
415-518-1201
stacy_chapman@aruspex.com
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