GW Equity Announces Sale of Synergy Software Technologies, Inc. to Harmony Information...

GW Equity Announces Sale of Synergy Software Technologies, Inc. to Harmony Information Services

DALLAS--(Business Wire)--
GW Equity, a Dallas-based advisor to privately held, middle-market
clients for mergers, acquisitions, divestitures and strategic growth,
announced the sale of its client Synergy Software Technologies, Inc.
of Burlington, Vt., to Harmony Information Systems, the
industry-leading provider of software solutions for the health and
human services (HHS) sector. Synergy Software Technologies offers case
management software to federal, state and local governments, allowing
them to share and coordinate information with non-profit social
service agencies and providers. The acquisition was funded by
Harmony's investors JMI Equity and Updata Partners.

"We were very fortunate to have such accomplished clients," said
Dan Parrett, GW Equity managing director in the transaction. "Our team
worked with Synergy throughout the process to match it with another
strong company in Harmony. Synergy is now a part of a combined company
with a great future of growth and profitability."

"The natural combination of Harmony and Synergy's strengths unite
an exceptional team of professionals with an expanded portfolio of
on-demand software capabilities," said Tonya Harmon, CEO, Harmony
Information Systems. "This acquisition is an important part of
Harmony's overall industry leadership strategy in the growing HHS
industry."

"We're very lucky to have found a company like Harmony," said Stan
Eames, founder of Synergy Software Technologies. "GW Equity helped us
to find the best buyer for our company, while providing us with the
best service and care possible."

Synergy Software retained GW Equity's services after attending a
seminar in June 2006. In March 2007, the company entered the market,
after GW Equity completed a full valuation of the company. GW Equity
marketed the company to strategic buyers and private equity groups in
the U.S., resulting in a number of offers, and negotiated the
transaction on behalf of Synergy Software less than one year after
completing its initial valuation. The terms of the deal were not
disclosed.

About GW Equity

GW Equity, a Generational Wealth & Equity company, assists
privately held and family-owned businesses in completing mergers,
acquisitions, divestitures and strategic growth initiatives. GW Equity
has more than three hundred professional advisors nationwide and is
headquartered in Dallas, with affiliate offices in New York, Chicago
and Irvine, Calif. For more information, contact GW Equity at (877)
213-1792 or info-us@gwequity.com, or visit www.gwequity.com.

About Harmony Information Systems

Harmony Information Systems, Inc. offers the health and human
services professions an integrated suite of software solutions, as
well as comprehensive education and consulting services. Harmony's
Web-based information management framework is designed for
organizations - public and private - that administer a broad array of
programs or services. Harmony's enterprise approach draws critical
data from disparate data sources to create a single, fully integrated,
consistent, and comprehensive client view, resulting in overall
improvements in operational efficiency and effectiveness. For more
information, visit www.harmonyis.com.

About Synergy Software Technologies, Inc.

Synergy Software Technologies, Inc. is a leading provider of
Web-based human services software solutions and offers a distinct
portfolio of products designed to assist social service professionals
and organizations in meeting the needs of clients, while optimizing
care efficiency and quality. Synergy's offerings represent the finest
technologies available in social service automation. Synergy Software
Technologies, Inc. is based in Burlington, Vt.

About JMI Equity

JMI Equity, based in Baltimore and San Diego, is a private equity
firm exclusively focused on investments in growing software and
business services companies at all stages of their lifecycles. Founded
in 1992, JMI has invested in more than 85 companies throughout North
America and has approximately $1.3 billion of committed capital under
management. JMI provides the first institutional capital to
self-funded companies, partners with management teams to acquire or
recapitalize market leading companies and selectively makes
investments in early-stage companies. Representative investments
include Blackbaud, DoubleClick, Harmony Information Systems, Kronos
and Unica. For more information on JMI, visit www.jmiequity.com.

About Updata Systems

Based in Reston, Va. and Edison, N.J., Updata Partners is a
leading venture capital firm that invests in growth stage information
technology companies with innovative intellectual property enabling
market-leading products and services. Led by an investment team
averaging more than 20 years of operational and private equity
experience in the technology industry, Updata Partners seek
investments where the combination of financial backing and operating
expertise will accelerate growth. With over $400 million under
management, the firm also selectively provides recapitalization and
management buyout financing. For more information, visit
www.updatapartners.com.

Edelman
Erica Studl
312-240-3364
Erica.Studl@Edelman.com

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