News Release

June 2007

Boston Corporate Finance Advises Hitachi Consulting on its Acquisition of Iteration2

BOSTON, Massachusetts – Boston Corporate Finance, Inc. (BCF) advised Hitachi Consulting, the global business and IT consulting arm of Hitachi, Ltd. (NYSE: HIT), in its acquisition of Iteration2, a Microsoft Dynamics IT solutions provider based in Southern California. As the exclusive financial advisor to Hitachi Consulting, BCF leveraged its IT services industry expertise to assist in this transaction which will greatly enhance the company’s Microsoft service offerings.

Iteration2 is recognized as one of the fastest growing and most successful Microsoft Dynamics national implementation partners and has received numerous awards and recognition from Microsoft, including: Microsoft Business Solutions Partner of the Year 2005 and 2006, Microsoft Inner Circle 2005 and 2006, and Microsoft Presidents Club 2005 and 2006.

“Microsoft is an important strategic partner to Hitachi Consulting and Microsoft Dynamics has realized significant growth in Enterprise Applications that exceeds the overall industry growth rate,” said Michael Travis, President and CEO of Hitachi Consulting. “Joining forces with Iteration2 deepens our strategic relationship with Microsoft while greatly expanding our ability to serve our clients. We share with Iteration2 a strong focus on quality client service and believe this acquisition is a great complement to our solutions portfolio.”

“Hitachi Consulting is a great match for Iteration2 and we are all very excited about joining our two companies together,” said Mike Gillis, President and co-founder of Iteration2. “Hitachi Consulting brings extensive industry knowledge and experience as well as strong business process, change management and technology skills to the table. By teaming with Hitachi Consulting, we can grow faster, and our clients will benefit by access to an organization with an expanded portfolio of service capabilities.”

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 Hitachi Consulting

As Hitachi, Ltd.’s (NYSE: HIT) global consulting company, Hitachi Consulting is a recognized leader in delivering proven business and IT solutions to Global 2000 companies across many industries. With more than 1900 consultants across the U.S., Europe and Asia, Hitachi Consulting leverages decades of business process, vertical industry and leading-edge technology experience to understand each client’s unique business needs. From business strategy development through application deployment, the company’s consultants are committed to helping clients quickly realize measurable business value and achieve sustainable ROI. Hitachi Consulting’s client base includes nearly 35 percent of the Fortune 100 and 25 percent of the Global 100 as well as many leading mid-market companies. The company offers a client-focused, collaborative approach and transfer knowledge throughout each engagement. For more information, visit www.hitachiconsulting.com.

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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