Behrman Capital Announces Investment in Intertech Management Group - Fourth Investment For Behrman Capital's New $518 Million Buyout Fund -

    NEW YORK and SAN FRANCISCO, Dec. 22 /PRNewswire/ -- Behrman Capital, a
 private investment firm focusing on emerging growth companies, today announced
 that it invested $26 million in Intertech Management Group, the market leader
 in providing Windows NT(R)-based billing and customer care software solutions
 to the competitive communications industry.  The investment will position
 Intertech to pursue its growth strategy with greater financial flexibility.
     Founded in 1987, Intertech is headquartered in St. Louis, Missouri, has
 approximately 100 employees, was recently selected by Microsoft as a partner
 in Microsoft's Active Operational Support System ("OSS") Framework initiative,
 and has over twenty-five customers including Williams Communications Group,
 FRONTIER/US West, Splitrock, Ameritech, Allegiance Telecom, GTE, IXC
 Communications, and ATLAS.  The Company's software, Network Strategies(R), is
 an industry leading customer care and billing product that supports long
 distance, CLEC and data services.  Core modules include:  Customer Care,
 Marketing, Service Delivery, Data Collection, Event Processing, Billing, and
 Accounts Receivable.  The Company's web site is www.billingsoftware.com.
     This transaction marks the fourth equity investment for Behrman Capital II
 L.P.  The fund closed in January 1998 with total committed capital of
 $518 million.
     "Behrman Capital is the ideal partner for Intertech," said David Wilson,
 president of Intertech.  "Its financial, operating, and information technology
 expertise will be invaluable assets to Intertech as we continue to serve our
 customers and aggressively expand our presence in the competitive
 communications marketplace."
     Grant G. Behrman, a Managing Partner of Behrman Capital stated, "We are
 excited to partner with this fast growing and well managed company.  At a time
 of explosive growth, dramatic change, and intense competition in the global
 telecommunications industry, there is increased demand for, and spending on,
 billing and customer care software.  Due to this, as well as Intertech's
 industry leading software, management expertise, and technological competency,
 Intertech's products and services are in great demand and the Company is
 ideally positioned for continued growth."
     Behrman Capital invests in management buyouts of growth companies focused
 on the health care, outsourced manufacturing, and information technology
 industries, as well as special situations.  The firm also provides expansion
 capital to emerging growth companies, principally in the health care and high
 technology industries.
     Based in New York City and San Francisco, Behrman Capital was founded in
 1992 by Darryl G. and Grant G. Behrman.  The firm currently has a combined
 capital base exceeding $640 million.
 
 

SOURCE  Behrman Capital