Updata Capital Advises Three M&A Transactions in 45 days; Highlights M&A Activity in the Tech Sector and Updata's Core Competencies.RED BANK, N.J. & RESTON, Va. -- Updata Capital, Inc., a leading investment banking firm specializing in mergers-and-acquisitions (M&A) for the information technology (IT) industry, today announced it provided advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal for three significant M&A transactions in less than six weeks, underscoring the pace and acceleration of M&A activity in the technology sector and Updata's ability to successfully and professionally advise clients so transactions meet the requirements of all parties in a timely fashion. Specifically, Updata Capital advised the following clients: --Changepoint on its acquisition by Compuware (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CPWR CPWR Center to Protect Workers' Rights (now Center for Construction Research and Training) CPWR Council for a Parliament of the World's Religions CPWR Coupled Plasma-Waveguide Resonance ) --Alternative Resource Corporation (ARC) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ALRC ALRC Australian Law Reform Commission ALRC Alberta Research Council ALRC Airlift Logistics Readiness Center (USAF) ), on its merger with Pomeroy IT Solutions Inc. (Nasdaq:PMRY PMRY Pomeroy IT Resources (stock symbol) ) --Integrated Chipware on the acquisition of certain assets by Serena Software, Inc. (NASDAQ: SRNA sRNA abbr. soluble RNA ) "We continue to see aggressive buy- and sell-side activity in the technology sector as companies are looking to fill in product gaps and access new channels and markets for their solutions," says Barry Goldsmith, Managing Director, Updata Capital. "Approximately 400 M&A deals in the technology sector were announced during the first quarter of 2004--a 19% increase over the fourth quarter of 2003 and a 32% increase over the first quarter of 2003. Goldsmith adds, "Updata's recent transaction activity follows our Q1 2004 success where we ranked first in facilitating technology M&A transactions." About Updata Capital Based in Red Bank, N.J. and Reston, Va., Updata Capital, Inc. is a leading investment banking firm specializing in mergers-and-acquisitions for the technology industry. Since 1987, Updata has advised on over 375 transactions for e-commerce, infrastructure, financial technology, telecommunications, e-services, software, IT services and security software firms--representing an aggregate value over $12 billion. For the past four years, Thomson Financial Securities Data Co. has ranked Updata as a top 10 leading advisor for IT mergers-and-acquisitions in the United States and worldwide. |
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