gloStream Announces $7.5 Million Series B Financing Round Co-Led by Beringea and...

gloStream Announces $7.5 Million Series B Financing Round Co-Led by Beringea
and gloStream's Executive Management Team

Investment in Electronic Medical Record/Practice Management Software Company
Aimed at Giving More Doctors Access to Latest, Microsoft-Based Healthcare
Technology

BLOOMFIELD HILLS, Mich., May 27 /PRNewswire/ -- gloStream, a healthcare
software company that develops and sells certified, Microsoft Office embedded
electronic medical record ("EMR") and practice management ("PM") solutions,
announced today that it has closed on a $7.5 million series B financing round
co-led by Beringea and members of gloStream's Executive Management Team.
Capital will be used to bolster virtually all areas of gloStream including
development, marketing and sales, and deployed immediately as the company
looks to hire for nearly all internal teams.

Beringea's investment was made through its InvestMichigan! Growth Capital Fund
(the "Fund"), which is part of the $300 million InvestMichigan! Fund created
by Governor Jennifer Granholm. The Fund targets a broad range of sectors and
is charged with generating strong returns for investors and growing the next
generation of Michigan companies.

"gloStream has demonstrated that they are one of Michigan's most innovative
healthcare companies and have the capability to spur job growth locally while
also transforming healthcare nationally," said Beringea director Michael
Gross. "gloStream offers the only integrated EMR/PM solution on the market
embedded with Microsoft Office, it is easy to deploy and use, and it is
already helping more than a thousand users nationwide improve the efficiency
of healthcare delivery."

The series B financing round comes after passage of the American Recovery &
Reinvestment Act ("ARRA"), which was signed into law by President Obama on
February 17, 2009. The ARRA allocates $20 billion toward healthcare IT,
including up to $64,000 per doctor - through the Centers for Medicare and
Medicaid Services - for implementing EMR technology. With the stimulus
encouraging hundreds of thousands of doctors to implement EMR technology for
the first time, it's critical that doctors have customizable solutions that
are easy to deploy, easy to use and backed by local support.

"Beringea's investment is an important vote of confidence in our people, our
products and our vision," said Mike Sappington, gloStream's CEO. "It's also
recognition that Michigan-based companies are taking a leadership role when it
comes to national healthcare IT initiatives and creating technology that will
drastically improve the care that doctors can provide their patients."

About gloStream

Bloomfield Hills, Mich.-based gloStream provides physicians and healthcare
facilities with certified electronic medical record and practice management
solutions delivered and supported through a nationwide network of local
technology partners. gloStream products are secure, easy-to-use applications
and the only integrated EMR/PM solutions on the market embedded with Microsoft
Office. Through a simple user interface, robust voice recognition technology,
and single-click access to all patient information, gloStream products help
doctors improve patient care by streamlining workflow and creating
efficiencies in office administration. For more information, visit
www.glostream.com or call 1-877-456-3671.

About Beringea

Beringea is an international private equity and investment banking firm
headquartered in Farmington Hills, Mich., with offices in Los Angeles, London
and Shanghai. Beringea manages more than $400 million in venture capital
funds, investing in a range of growth-oriented companies with the potential
for strong returns for investors. Its funds include the InvestMichigan!
Growth Capital Fund, InvestCare Partners, Global Rights Fund II and the ProVen
family of venture capital trusts. For more information, visit
www.beringea.com.

About the InvestMichigan! Fund & Business Leadership Council
The InvestMichigan! Fund is an economic growth initiative created by Gov.
Jennifer Granholm focused on retaining and attracting businesses to the State
of Michigan and further developing the State's entrepreneurial ecosystem. The
Fund has been divided into two pools of capital: one targeting smaller
companies with high growth characteristics (InvestMichigan! Growth Capital
Fund), and another targeting more mature companies seeking a change of control
through a buyout transaction (Michigan Opportunities Fund). The Growth
Capital Program is co-managed by Beringea, a Michigan-based venture capital
firm experienced in geographically targeted investment programs, and Credit
Suisse's Customized Fund Investment Group, a highly-respected global network
of funds and co-investments.

Companies that become part of the portfolio and their management teams will be
supported by the Fund's Business Leadership Council comprised of Michigan
business leaders who offer support, guidance and access to business
relationships. Members include: Jon Barfield, Chairman & President, The
Bartech Group; John Brown, Chairman, Stryker Corporation; Ben Carter, EVP &
COO, Detroit Medical Center; James Epolito, President, Delta Dental of
Michigan; Mark Fields, Ford Motor Company; Dan Gilbert, Chairman, Quicken
Loans, Inc.; James Hackett, President & CEO, Steelcase, Inc.; D. Gregory Main,
CEO, Michigan Economic Development Corp.; Jim Herbert, Chairman & CEO, Neogen
Corporation; George Jackson, President & CEO, Detroit Economic Growth
Corporation; Thomas Kinnear, Ross School of Business, University of Michigan;
Josh Linkner, Founder & CEO, ePrize, LLC; Andrew Liveris, Chairman & CEO, Dow
Chemical Co.; Mark Murray, President, Meijer, Inc.; Bob Naftaly, Former COO,
BCBS; Roger Penske, Chairman & CEO, Penske Corp.; Rich Peters, Managing
Director, Transportation Resource Partners; Mary Petrovich, CEO, AxleTech
International; Sandra Pierce, President & CEO, Charter One Bank (MI & IN);
Rebecca Smith, East Mich. Regional President, Huntington National Bank; and,
Ken Whipple, Chairman, CMS Energy.

Contact:
Todd Krieger, gloStream Kelly O'Donnell, Beringea
Phone: 248-227-9167 Phone: 248-489-9000
todd@glostream.com kodonnell@beringea.com

SOURCE gloStream

Todd Krieger, of gloStream, +1-248-227-9167, todd@glostream.com, or Kelly
O'Donnell, of Beringea, +1-248-489-9000, kodonnell@beringea.com