Boecillo Tech Park, January 25th 2009- Codice Software (www.codicesoftware.com), the company behind Plastic SCM, the most innovative version control system to date, announced today the closing of a financing round lead by Bullnet Capital.

The company board decided to support its business plan, focused on the international expansion of its leading Plastic SCM configuration management solution with the entrance of Bullnet Capital. “Plastic SCM has been designed for the international market, and during the past years it has been recognized as an important alternative to leading competitors. Now it’s time to run a stronger marketing campaign while the product development continues at a fast pace. Bullnet Capital will not only provide financial support but also contribute with their experience on high tech start-up companies” – said Pablo Santos, Codice’s CEO.

Bullnet Capital is an experienced investment firm focused on technology, including a number of software ventures. Bullnet sees a great potential in Plastic SCM and its market, the reason behind its investment.

Plastic SCM, defined as “The distributed version control for the enterprise”, offers teams the ability to work across different locations combined with an intuitive user interface, leveraging the power of real parallel development. Plastic SCM includes unique features such as 3D visualization of versioned history, graphical branch management timeline, code reviews of versioned elements and innovative user interface. All these graphical features are backed by a strong server designed to scale and one of several relational database engines, providing distributed development support, best of breed branching and many more features.

Software Configuration Management is a core practice in all software organizations, and there’s an increasing demand in companies enhancing their internal software design methods towards a better productivity.

Codice Software is a CMMi awarded company which successfully mixed it with agile practices to produce Plastic SCM.