News Release

May 2007

Boston Corporate Finance Advises Microsol in its Sale to Crompton Greaves

BOSTON, MA and DUBLIN, IRELAND – Boston Corporate Finance, Inc. (BCF) and its Irish M&A International Inc. partner firm, IBI Corporate Finance (IBI), have successfully advised Microsol Holdings Ltd. (Microsol) in its sale to Crompton Greaves Ltd. (Crompton).

“This transaction highlights the global nature of the M&A market in the technology sector,” said Craig Gibson, Vice President of Boston Corporate Finance. “Microsol, headquartered in Ireland, found a compelling strategic fit with Indian-based Crompton Greaves. Microsol will be integrated into the CG Pauwels T&D Group, a $1 billion Belgian division of Crompton Greaves. The addition of Microsol’s technology and global customer base will help Crompton Greaves expand its international footprint and capabilities in the power solutions sector.”

Microsol develops hardware and software to meet the field automation needs of power utility companies across the globe. Their strong customer relationships span five continents and include state-owned and privately-owned utility companies. In addition to their substation and distribution automation platforms, Microsol offers user interface tools that help customers monitor, diagnose and configure their systems.

Microsol’s chief executive officer, Martin Kelly, stated, “The management and staff look forward with considerable confidence to expanding our business much further within the CG Pauwels T&D Group.”

Crompton Greaves is India’s largest private sector enterprise, offering a variety of products and services in three business groups: Power Systems, Industrial Systems and Consumer Products.

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.

About IBI Corporate Finance Ltd.

Founded in 1966, IBI is the leading corporate finance advisor in Ireland with a specialist focus on complex public and private transactions over a broad range of industry sectors. IBI provides a full suite of services to clients, including mergers and acquisitions, management buy-outs and buy-ins, public company flotations, private equity fundraisings and disposal mandates. The firm ranked as the leading Irish advisor in 2005 and 2006. For more information, please visit www.ibicf.ie.

About M&A International Inc.

M&A International Inc. offers the unparalleled resources of 42 M&A advisory and investment banking firms operating in 38 countries. Its members are closely linked in a global alliance to advise clients on acquisitions, divestitures, funding and joint ventures. Focused on the middle market, M&A International members have completed over 1,000 transactions in the last five years, worth more than $60 billion. During this period MAI has closed in excess of 250 cross-border deals. For more information, please visit www.mergers.net.

Contact: Candace Lyons, clyons@bostoncf.com

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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

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