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Vindicia, a leading provider of strategic on-demand billing solutions, today announced it has secured $20 million in series E financing, bringing the total amount raised to over $41 million. New investor FTV Capital led the financing in partnership with existing investors Bertelsmann Digital Media Investments (BDMI) -- a wholly owned subsidiary of Bertelsmann AG, a leading international media company -- DCM and ONSET Ventures. The company also announced that FTV Capital Partner Eric Byunn has joined its board of directors. Byunn brings expertise in digital content and services and held prior roles at myCFO and Netscape.

Vindicia will use this latest round of capital to further expand its sales, services and marketing teams and the success it has already established for its clients and market leaders across the software, gaming, dating and digital media/content industries including Symantec, Intuit, Activision/Blizzard Entertainment, Atari/Cryptic, Fuel Industries, TransUnion Interactive and Encyclopædia Britannica. The company is also in its fifth year of compliance with the critical PCI security standard and SAS 70 auditing standard.

"Vindicia is the clear leader in a rapidly growing market, offering a highly differentiated solution that delivers demonstrable ROI by understanding the relevance of billing and payments to the sales and marketing efforts of digital merchants," said Byunn. "The company has a highly talented management team and a robust technology platform, and has proven it can successfully innovate and execute to serve the sophisticated billing and subscription needs of its clients."

"This additional funding is a testament to the market changing dynamics of online billing software," said Gene Hoffman, Chairman and CEO of Vindicia. "Our ability to help clients collect otherwise lost revenue, to the tune of $45 million over the past year alone, highlights the business value we bring to our clients. This investment and the expertise that FTV brings to the board will accelerate our market penetration across these diverse digital markets."

About FTV Capital FTV Capital is a multi-stage private equity firm that invests in high-growth companies offering a range of innovative solutions. FTV Capital provides entrepreneurs with unique access to its Global Partner Network, a group of the world's foremost financial institutions that have invested in FTV Capital and its portfolio companies for more than a decade. Founded in 1998, FTV Capital has more than $1 billion under management and has offices in San Francisco and New York. For more information, please visit www.ftvcapital.com.

About Bertelsmann Digital Media Investments (BDMI) Bertelsmann Digital Media Investments (BDMI) is a strategic venture investor focused on innovative digital media technologies, products and distribution channels across the globe. BDMI is a wholly owned subsidiary of Bertelsmann AG, a leading international media company with over $22 billion in revenues and over 100,000 employees across more than 50 countries. For more information, visit: www.bdmifund.com.

Bertelsmann AG is an international media company encompassing television (RTL Group), book publishing (Random House), magazine publishing (Gruner + Jahr), media services (Arvato), and media clubs (Direct Group) in more than 50 countries. Bertelsmann's claim is to inspire people around the world with first-class media and communications offerings -- entertainment, information and services -- and occupy leading positions in its respective markets. The foundation of Bertelsmann's success is a corporate culture based on partnership, entrepreneurial spirit, creativity, and corporate responsibility. The company strives to bring creative new ideas to market and create value. For more information, visit: www.bertelsmann.com.

About DCM DCM is an early stage venture capital firm that has been helping entrepreneurs build world-class technology companies since 1996. The firm's partners manage five funds totaling US$2 billion, and have made investments in more than 120 technology companies across the United States and Asia. With offices in Silicon Valley, Beijing and Tokyo, DCM provides hands-on operational guidance and a vast network of business and financial resources to its portfolio companies globally.

DCM's portfolio-company investments have resulted in a large number of successful exits including 18 IPOs on seven major exchanges, and 14 acquisitions since inception, including: PGP (acquired by Symantec), 51job (NASDAQ: JOBS), About.com (acquired by The New York Times Co.), Clearwire (NASDAQ: CLWR), eDreams (acquired by TA), Fortinet (NASDAQ: FTNT), Foundry Networks (NASDAQ: FDRY), HireRight (NASDAQ: HIRE), PayCycle (acquired by Intuit), Recourse Technologies (acquired by Symantec), Sling Media (acquired by EchoStar), and SMIC (NYSE: SMI). Recent successes include Neutral Tandem, a startup funded by DCM in 2004 that traded at a market cap of over $1B on the NASDAQ in 2009, and VanceInfo, recently ranked the number one performing stock by Investor's Business Daily.

About ONSET Ventures ONSET Ventures specializes in providing an ideal mix of start-up, follow-on, and intellectual capital to entrepreneurs and early-stage technology ventures, to help transform world-class ideas into sustainable and valuable businesses, through a process of "venture craftsmanship." The firm has backed over 100 companies since 1984 and now has more than $1 billion under management. ONSET Ventures' craftsmanship, refined over 27 years, includes a highly-optimized tool set for risk and capital management, and a shirt-sleeves style of active collaboration with entrepreneurs that leverages the firm's substantial operating experience. That collaboration frequently begins before the closing of any financing, and typically continues throughout the life of the venture. This approach, which has become the hallmark of the firm, has resulted in a crafting of ventures that have consistently met their operational and financing milestones. In addition, it has resulted in a franchise that not only brings successful, serial entrepreneurs back to ONSET Ventures time and again, but also attracts investors who want the increasingly rare opportunity to participate in very early stage venture investing. ONSET Ventures focuses exclusively on information and medical technology-based start-ups and has a long history of successful ventures in each of these sectors.

About Vindicia Vindicia offers an on-demand strategic billing solution for marketing and sales that manages subscriptions and one-time payments for digital merchants. We work with some of the best-known brands on the Internet, including Symantec, Activision Blizzard, Intuit, and Atari/Cryptic. As an externally audited PCI Service Provider and a SAS 70 Type II company, Vindicia securely handles online revenue of over a billion dollars annually. For more information, visit http://www.vindicia.com.

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Contacts: Sanjay Sarathy Vindicia, Inc. 650-522-4490 Email Contact Juli Greenwood CHEN PR 781-672-3137 Email Contact