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News ReleaseDecember 22, 2004 - Boston Corporate Finance Advises AEP Systems in Merger with NetillaWESTWOOD, MA and DUBLIN, IRELAND - Boston Corporate Finance, Inc. (BCF), a technology-focused investment banking firm, in collaboration with IBI Corporate Finance Limited (IBI) in Ireland, announced today that it has successfullyadvised AEP Systems (AEP), in its merger and subsequent funding with Netilla Networks Inc. (Netilla). BCF and IBI which are partners in M&A International, Inc., the world’s leading international M&A network, worked as co-advisors to AEP inthis cross-border transaction. Pat Donnellan, Chief Executive Officer of AEP Systems, who will now become CEO of the newly created AEP Networks commented, "The M&A International network and its members in Boston and Ireland had an unparalleled knowledge of the technology and security market and their experience in cross-border transactions was instrumental in consummating this merger." AEP Networks, immediately becomes a formidable global player in the enterprise IT marketplace by combining two complementary product ranges to provide a full spectrum of secure networking solutions. The new company will providebest-of-breed high-security IPSec-based VPN solutions, SSL VPN and secure application access management products to address the security needs of companies within both the public and commercial markets. AEP Networks' solutions will enable both secure remote access as well as internal (site-to- site) communications. Concurrent to the merger, AEP Networks, also closed an additional funding round of $5 million from existing investors. "This is a peer to peer merger, a trend we are seeing much more commonly in the technology arena as mid-market companies look to consolidate in order to gain market traction and stronger technologies," said Murray Beach, President of BCF. Beach continued, "Technology players participate in a truly global landscape – both their clients and potential partners can be found world-wide. Via this merger AEP Networks has significantly enhanced its market penetration positioning itself to benefit from cross-selling opportunities across the United States, Europe and Asia." Existing investors in AEP Systems and Netilla are funding the new $5 million financing round. AEP's lead investors include ACT Venture Capital and b-business partners. Netilla's lead investor is Ascend Venture Group; also participating are Early Stage Enterprises, Masthead Venture Partners, Mid- Atlantic Venture Funds and NJTC Venture Fund. About Boston Corporate Finance, Inc. Headquartered in Westwood, MA, Boston Corporate Finance, Inc. is a private investment banking firm focused on providing traditional investment banking advisory services to high growth companies primarily in the technology sector. BCF's senior professionals have both global, as well as, regional investment banking experience with firms including KPMG Corporate Finance and Advest, Inc. Additional company information can be obtained on the World Wide Web at www.bostoncf.com or by calling (781) 320-3200. About IBI Corporate Finance Limited Established in 1966, IBI is Ireland’s longest standing corporate finance house. IBI currently advises approximately 40% of Irish publicly quoted companies along with many private companies. IBI is focused firmly on successful deal completion with unrivaled experience of complex transactions across many sectors, including: mergers and acquisitions, disposals, floatations and raising finance. About M&A International, Inc. M&A International, Inc. is the world’s leading international M&A network. The organization operates exclusively in the middle market, working with private and public companies and their subsidiaries, across a wide spectrum of industrial sectors. M&A International, Inc. has 38 specialist corporate finance firms with over 300 professionals with locations in the leading industrial and financial centers around the globe. Both BCF and IBI are members of M&A International. For more information please visit www.mergers.net. About AEP Systems AEP Systems, the Irish high-speed security company, delivers hardware security and acceleration solutions that are fast and cost-effective to deploy. AEP Systems offers a full line of hardware security products including SSL VPNs, hardware security modules, high-security VPN encryptors and SSL acceleration hardware. AEP’s flagship products are:
Customers include financial institutions, government bodies, healthcare organizations and OEMs. Founded in Dublin in 1998, AEP Systems is privately held with offices in the US, Europe and Asia-Pacific. About Netilla Networks Netilla Networks, Inc. is a leader in secure application access solutions that are designed to provide simplicity, ease of use and access to the broadest spectrum of network-based applications. The company’s key products are:
Netilla’s customer base focuses on the healthcare, financial services and governmental sectors. Netilla was founded in 1999 and markets its products in North America, Europe and Asia. Boston Corporate Finance, Inc. Tel: (781) 320-3200 View this press release in PDF format. |
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