Press Releases

Mirus Capital Advisors Closes 3 Technology Deals in 3 Weeks

09/29/2005 - Boston, Massachusetts
Mirus Capital Advisors, Inc., an investment banking firm specializing in merger and acquisition advisory services for the middle market, has announced its third closing in as many weeks. The transactions, in which Mirus advised TechOnline, Optas, Inc. and Interland, reflect Mirus" dedication to corporate clients in the software and technology-enabled service industries.

"The pace of consolidation is quickening across many sectors of software and business services", said Elliot T. Williams, president of Mirus. "Aided by a growing economy and interest from foreign acquirers, valuations have improved steadily without becoming overheated, and we expect this pace to continue through 2006."

These most recent transactions bring Mirus Capital Advisors' year-to-date total to eight, of which four were cross-border transactions. A summary of the recent closings:

" Optas, Inc., a provider of privacy-safe relationship marketing solutions for patients and physicians, was acquired by Dendrite International, Inc. (NASDAQ: DRTE) in a cash transaction. Marketers and their agencies use Optas" leading-edge database marketing software and services to improve acquisition and loyalty of their customers. Located in Bedminster, NJ, Dendrite is a leading provider of sales, marketing and clinical solutions for the pharmaceutical industry.

" TechOnLine, one of the leading online electronics business media platforms in the United States, was acquired by CMP Media, a subsidiary of U.K.-based United Business Media. TechOnLine, headquartered in Bedford, MA, has built a worldwide community of more than 335,000 engineering professionals by providing online information, resources and training materials to the electronics technology community. The CMP Media Electronics Group is the premier technology and business media brand serving the information needs of the creators of technology worldwide through print, online and conferences.

" Interland: The $35-million dedicated Web hosting business of Interland, Inc. (NASDAQ: INLD) was acquired by Vancouver-based Peer 1 Network Enterprises, Inc. (TSX-V: PIX). Under this agreement, Peer 1 Network acquired the customer relationships associated with approximately 8,300 servers, as well as operating facilities totaling over 115,000 square feet in Atlanta, GA; Miami, FL; and Fremont, CA. The sale of these assets positions Interland, which is a leading provider of Web sites and online services for small and medium-sized businesses, to focus on Web site hosting, increases its cash position and is a major step toward restructuring the company. Peer 1 Network Enterprises is a provider of high performance Internet infrastructure.

Other Mirus Technology Closings in 2005
Interland"s sale of its dedicated Web hosting business was the second divestiture that Mirus has advised the company on this year. In May, Interland sold the shared hosting business of its Hostcentric subsidiary to Caird Corporation. Hostcentric offers a complete suite of services that include e-commerce, Web hosting and global domain management. Founded in 1997, Caird Corporation works exclusively with a select group of shared hosting providers to deliver world-class solutions for the personal and small/medium business markets.

Also in May, Mirus represented Metaserver, Inc, a business process integration software company based in North Haven, CT, in a successful sale mandate. The sale took the form of a two-part transaction: a license agreement with Pervasive Software (NASDAQ: PVSW) and an acquisition by Whitehill Technologies of Canada. Founded in 1996, Metaserver"s iConnect product is used at some of the country"s leading insurance and financial services companies.

About Mirus Capital Advisors
Mirus Capital Advisors, Inc., headquartered in Burlington, MA, provides investment banking services to middle market corporations in targeted technology, manufacturing, and service sectors. These services include merger advisory, private equity raising, and valuation services for entrepreneurs, corporations and professional financial investors. By combining a proven process, industry and transactional expertise, creative thought, and personalized service, Mirus has completed hundreds of transactions for both public and private companies. Founded in 1987, Mirus Capital Advisors is a registered broker-dealer and NASD/SIPC Member. More information is available at the company"s web site, www.merger.com.


Source: Mirus Capital Advisors, Inc.


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