Hercules Provides $22 Million to Tectura, a Later Stage Leading Global Provider of Microsoft Integrated Business Solutions

PALO ALTO, Calif.--(BUSINESS WIRE)--

Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), a leading specialty finance company providing growth capital to venture capital and private equity backed technology and life science companies, continues to add late stage companies to its growing portfolio. The Company today announced that on April 9, 2007, it provided $22 million of debt financing to Tectura, the 2006 Microsoft Business Solutions Global Partner of the Year.

Tectura is a global provider of Microsoft Integrated Business Solutions to mid-market companies and large enterprise divisions, specializing in Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solutions built on Microsoft Dynamics(TM) business management software (including Microsoft Dynamics(TM) AX, Microsoft Dynamics(TM) GP, Microsoft Dynamics(TM) NAV, Microsoft Dynamics (TM)SL, and Microsoft Dynamics(TM) CRM) and integrated with other leading-edge Microsoft products and technologies.

"Tectura is a global company focused on substantial growth with current revenue over $225 million," commented Kevin Grossman, managing director of the late-stage group at Hercules. "The company has expanded its global footprint by acquiring its competitors throughout Europe, Asia and the Middle East as part of its overall strategy of serving the needs of businesses globally."

"We have successfully implemented business solutions for more than 5,000 organizations across 60 countries worldwide," said Duane Bell, CFO of Tectura. "The Hercules financing will allow us to grow and consolidate our corporate structure, enabling us to more effectively help our global clients- both existing and potential- to achieve process improvements, greater efficiencies, and a clear competitive advantage."

Tectura is backed by a number of leading industry investors, including its primary investor, Pequot Ventures.

About Hercules Technology Growth Capital, Inc.:

Founded in December 2003, Hercules Technology Growth Capital, Inc. is a NASDAQ traded specialty finance company providing debt and equity growth capital to technology and life science companies at all stages of development. The Company primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies. Hercules' strategy is to evaluate and invest in a broad range of ventures active in technology and life science industries and to offer a full suite of growth capital products up and down the capital structure to prospective clients ranging from early-stage growth to expansion stage companies. The Company's investments are originated through its principal office located in Silicon Valley, as well as additional offices in the Boston, Boulder and Chicago areas. Providing capital to publicly-traded or privately-held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses of capital.

For more information, please visit www.HTGC.com. Companies interested in learning more about financing opportunities should contact info@HTGC.com, or call 650.289.3060.

About Tectura:

Tectura is a leading Microsoft Dynamics(TM) partner and provider of Microsoft-based ERP, CRM, and technology solutions to mid-market companies, larger enterprises and their divisions. Tectura provides software, consulting, and IT implementation services to more than 5,000 clients in the distribution, manufacturing, healthcare, and service-based industries. Through these services, Tectura delivers business process improvements, greater efficiency, and a clear competitive edge to clients in over 60 countries. Customers benefit from unmatched experience and a solid commitment from more than 1,750 dedicated Tectura employees with 70+ offices throughout 21 countries across the Americas, Europe, the Middle East, and Asia Pacific. A Microsoft Gold Certified Partner, Tectura has been recognized by Microsoft for its outstanding customer service with such awards as Microsoft Business Solutions Inner Circle Partner, Pioneer of the Year, Partner of the Year (multiple regions), Global Partner of the Year, Fastest Growing Partner of the Year, Excellence in Customer Care, and the Customer Loyalty Award. Learn more at: www.tectura.com.

Forward-Looking Statements:

The statements contained in this release that are not purely historical are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties and other factors we identify from time to time in our filings with the Securities and Exchange Commission. Although we believe that the assumptions on which these forward-looking statements are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events.

Source: Hercules Technology Growth Capital, Inc.

Released April 16, 2007