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Knox & Co. advises The Revere Group, Ltd. on its acquisition of Tryarc, LLC


PRESS RELEASE
FOR IMMEDIATE RELEASE

Westport, CT, August 2, 2007 – Knox & Co., (“Knox”), a leading investment bank for middle-market and cross-border mergers and acquisitions, announced today that it acted as exclusive financial advisor to The Revere Group, Ltd. (“Revere”), a majority-owned subsidiary of NTT Data International L.L.C. (“NTT Data”) in connection with its purchase of substantially all of the assets of Tryarc, LLC (“Tryarc”). Tryarc, founded in 2001 and headquartered in Los Angeles, California, is a full service IT consulting firm specializing in financial systems and custom application development. Tryarc provides SAP and Business Objects System Implementation, Custom Application Development and Integration, Business Process Outsourcing and Management Consulting to a diversified base of clients in the U.S.

Tryarc, founded in 2001 and headquartered in Los Angeles, California, is a full service IT consulting firm specializing in financial systems and custom application development.

Tryarc provides SAP and Business Objects system implementation, custom application development and integration services, as well as business process outsourcing and management consulting to a diversified base of clients in the U.S.

Michael Baisley, Managing Director, and Matthew Andrejkovics, Associate, at Knox & Co. were lead bankers on this transaction, the value of which was not disclosed.

“We are witnessing significant consolidation in the professional consulting and IT services marketplace – and in a sector where the senior managers are the key assets, it can be a serious challenge to find and structure a deal that mitigates risk” said Mr. Baisley, “We expect M&A activity to stay strong in middle-market and lower middle-market for IT services – especially for those firms with upper-tier partnerships with SAP, Oracle and Microsoft,” he added.

Knox & Co. has completed three transactions for NTT Data group companies in the past two years. Knox & Co. worked with Revere in developing and refining its M&A growth strategy in late 2006 and early 2007. After identifying and contacting a number of potential acquisition targets with complementary service offerings in geographies of interest to Revere, Tryarc quickly emerged as a leading candidate for Revere’s West Coast growth strategy. In addition to the initiation of the transaction, Knox & Co. provided valuation, structuring and negotiating advice to Revere in connection with its acquisition.

It was a pleasure working with Knox & Co. on this transaction,” said Michael Horne, Revere’s Executive Vice President for the Western region. “Knox not only knew and understood our strategy but worked collaboratively to help us achieve our goals. Michael Baisley’s and Matt Andrejkovics’ knowledge of the IT services market, deal structures and valuation drivers in our business was invaluable,” he added.

Knox & Co. is an investment banking, consultancy and advisory firm specializing in two complementary advisory disciplines: Investment Banking and Corporate Reorganization. The firm undertakes assignments throughout North America and, when necessary, overseas. Knox & Co. conducts its securities-related business through its wholly owned subsidiary, Knox Securities Corp., member FINRA. Knox & Co. has advised on more than 200 middle-market merger and acquisition and financial advisory assignments since its inception.

Contact:
Michael D. Baisley
Knox & Co.
203-226-6288 Ext. 118
mbaisley@knoxcorp.com

Nick Kilsby
Creative Partners
Direct: 203-705-9202
kilsby@creativepartners.com

 
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