News Release

April 12, 2007 -- Boston Corporate Finance Advises Hitachi Consulting on its Acquisition of Impact Plus

BOSTON, Massachusetts – Boston Corporate Finance, Inc. (BCF), a technology-focused investment bank, announced today that it successfully advised Hitachi Consulting, the global business and IT consulting arm of Hitachi, Ltd. (NYSE: HIT), in its acquisition of Impact Plus, a business and IT consulting firm based in the UK. As the exclusive financial advisor to Hitachi Consulting, BCF leveraged its cross-border transaction experience and IT services industry expertise to strengthen Hitachi Consulting’s presence in Europe.

“This acquisition is a strategic move for Hitachi Consulting,” said Brad Adams, Managing Director of Boston Corporate Finance, “With the addition of Impact Plus to their existing Financial Services and Public Sector practices, Hitachi Consulting has increased their footing in the European IT consulting market.”

Impact Plus offers valued business and IT consulting services to its clients in the areas of Customer Strategy, Sales Effectiveness, Operational Performance, Technology Exploitation, Program & Change Management, Regulation & Compliance, and Mergers & Acquisitions. Impact Plus counts among its clients three of the top five UK-based banks, as well as many leading Finance & Leasing, General Insurance, and Life & Pensions providers.

In the combined organization, executives from both Hitachi Consulting - UK and Impact Plus will have significant leadership roles. “Joining with Hitachi Consulting allows us both to offer our existing clients great capacity and a richer blend of capabilities and to extend our services to a broader marketplace,” said David Bailey, co-founder and Joint Managing Director of Impact Plus. “Through Hitachi Consulting’s strength in both the United States and in Asia, we can now serve better the global needs of our clients,” added Mr. Bailey who will become Managing Vice President, Industry & Markets, for the combined company’s UK practice.

“Now that our business here in the UK is established, adding the proven capabilities of Impact Plus is the next critical step in our growth plan,” said Michael Travis, president and CEO for Hitachi Consulting. “The two companies are well aligned in terms of targeted industries and our portfolios of consulting capabilities are very complementary. There is also a strong cultural fit between the two companies.”

Hitachi Consulting began operations in Europe in March of 2006 with offices in London, Madrid, Barcelona and Lisbon. Earlier this year, an office in Frankfurt was also opened.

About Boston Corporate Finance

Boston Corporate Finance, Inc. (BCF) is a technology focused investment banking firm serving industry leading companies in the global middle market. As an M&A International Inc. firm with offices in over 38 countries across the globe, BCF is unique in its technology industry intelligence, transaction experience and global reach. Collectively, BCF and its M&A International partners closed over 290 transactions valued in excess of $17.5 billion in 2006. For more information on the services BCF offers, please visit www.bostoncf.com.

Boston Corporate Finance, Inc.
100 Lowder Brook Drive, Suite 1400
Westwood, MA 02090

Tel: (781) 320-3200
Fax: (781) 320-3220
E-mail: info@bostoncf.com

View this press release in PDF format.