Metagenix Receives $1.4M from CS Private Equity Fund

Metagenix Inc, a company specializing in Enterprise Data Management software tools, announced that it has received the first portion of a $1.4 million funding from CS Private Equity Fund, LP.

Metagenix president Greg Leman said, "We are pleased that CS was able to fund us just weeks after being presented with the deal. We expect to close a large institutional placement within the next few months. Metagenix has a large sales pipeline and this interim financing by CS will enable us to execute our business plan more rapidly and capitalize on the tremendous opportunities available in the meta data reconnaissance sector."

About Metagenix

Metagenix Inc, located in the Research Triangle Park area of North Carolina, is an established software development company specializing in Enterprise Data Management (EDM) tools. With over 100 data migration customers, Metagenix is a leader in the EDM market. Metagenix's flagship product, MetaReconTM, introduces the next generation of EDM tools. MetaRecon provides the first environment that automates data analysis and profiling with seamless, error-free ETL job generation and migration. For more information, visit Metagenix's Web site at www.metagenix.com.

About CS Private Equity Fund LP:

CS Private Equity Fund, LP provides expansion capital of $1-$3 million where the technology/business model of a company has achieved proof of concept but has yet to generate significant revenues. CS generally invests within three weeks of introduction to the firm.

Contact Metagenix Inc, Greg Leman, 919-490-0034 x217, gleman@metagenix.com or CS Capital Partners LLC, Charles Nebenzahl, 732-901-1111, charles@cs-capital.com.