Updata Advisors Ranked #1 for Software M&A Advisory by The 451 Group

NEW YORK and RESTON, Va., Feb. 24 /PRNewswire/ -- Updata Advisors, Inc. is pleased to announce it has been ranked number one among technology investment banking firms for M&A advisory in Application Software, Information Management & Infrastructure Management based on 2009 deal volume by The 451 Group, a top technology industry analyst company. Updata was also named as one of the overall Top Tech Dealmakers in 2009 for deals completed, and was among the top three most active boutique firms based on 451's compilation of 2009 transactions.

Separately, according to data compiled by FactSet Mergerstat, Updata ranks among the top five most active investment banks advising middle-market clients in Computer Software and Services for 2009.(1)

Updata's M&A clients in 2009 included publicly-traded Compuware which purchased Gomez, the leader in SaaS-based Web application performance management, for $295 million in October, and QuickArrow, a SaaS professional services automation vendor, which was acquired by NetSuite in July. Already this year Updata has advised cloud-security vendor ChosenSecurity in its acquisition by PGP Corporation. ChosenSecurity provides an on-demand platform for managing trusted identities used for encryption, authentication, and secure collaboration.

"These top rankings for 2009 are a testament to our team's hard work, dedication to clients and consistent track record despite a difficult M&A climate in 2009," said Ira Cohen, Managing Partner. "The technology M&A market continues to strengthen and we are excited to see what the remainder of the year brings. We currently have a full pipeline of deals ready for 2010."

The 451 Group also highlighted Updata's involvement advising transactions within key emerging technology sectors in 2009 including Compuware/Gomez for SaaS and CA's acquisition of Orchestria for data loss prevention and compliance.

To download a copy of The 451 Group's Tech M&A Banking Review 2009, please click here.

About Updata Advisors

Based in New York and Reston, Virginia, Updata Advisors is a leading investment bank specializing in mergers, acquisitions, private placements, fairness opinions and corporate restructurings for the information technology industry. Updata creates Greater Outcomes® for clients measured in growth, innovation and shareholder value. Since 1987, the firm has advised on over $15 billion in transactions for application and infrastructure software, internet, security and IT services companies. Updata Advisors is perennially ranked among the top five advisors in transaction volume to companies in the Computer Software, Supplies & Services industry, according to FactSet Mergerstat. For more information, visit www.updataadvisors.com.

About The 451 Group

The 451 Group is an independent technology-industry analyst company focused on the business of enterprise IT innovation. The company's analysts provide critical and timely insight into the market and competitive dynamics of innovation in emerging technology segments. Clients of the company – at vendor, investor, service-provider and end-user organizations – rely on The 451 Group's insight to support both strategic and tactical decision-making for competitive advantage. The 451 Group also operates Tier1 Research – an independent division of The 451 Group – which analyzes the financial and industry implications of developments impacting public and private companies within the hosting, communications and Internet infrastructure sectors.

(1) Based on deals within the Computer Software, Supplies and Services sector valued below $300 million.

SOURCE Updata Advisors, Inc.