September 2007

LiquidHub Partners with NewSpring Capital to Fund Growth: $38 million financing provides capital for growth and acquisitions to expand vertical industry and regional presences.

September 25, 2007 (King of Prussia, PA) - LiquidHub, a leading systems integrator and technology consultancy, today announced that NewSpring Capital has led a $38 million growth financing round into the firm. NewSpring, a Radnor, PA based private equity firm, led a $20 million Series A Preferred Stock financing with a $7.5 million investment. NewSpring's limited partners, including PPM America Capital Partners and Credit Suisse Alternative Investments, syndicated the remainder of the round. In addition, NewSpring facilitated the placement of an $18 million senior credit facility provided by M&T Bank.

The funds will help LiquidHub make strategic acquisitions to enhance its service offerings, augment its consulting practice, and expand into new vertical industries and regional markets. In addition, the company gains access to a diversified team of advisors, and a broader network for business development opportunities.

To view the full press release, please click here.