Investment in BitLogistics Ltd.

BitLogistics Ltd, a provider solutions for monitoring and managing supply chains, has secured undisclosed amount of seed financing from Rotterdam-based Lunatech Ventures. Other investors in BitLogistics include internet guru Eshter Dyson.This additional capital will enable BitLogistics to further develop its VisibleLogistics platform, a self-service online visibility solution.

The VisibleLogistics platform is currently in stealth mode and is expected to start a public beta during 4Q2007. BitLogistics acquired the innovative supply chain solutions provider Sourceree Solutions. Sourceree had Cisco Systems, Rolls Royce Aerospace and various Government agencies amongst others, as customers.

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