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        <Name>Enterprise Software M&amp;A Update</Name>
        <Summary>Updata Advisors Enterprise Application Software Mergers &amp; Acquisitions News</Summary>
        <Description>&lt;table cellspacing="0" cellpadding="0" width="95%" align="center" border="0"&gt;&lt;tbody&gt;&lt;tr&gt;&lt;td&gt;&lt;strong&gt;&lt;font face="Verdana, Arial, Helvetica, sans-serif" color="#002955" size="2"&gt;IN THIS ISSUE:&lt;/font&gt;&lt;/strong&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr&gt;&lt;td&gt;&lt;ul&gt;&lt;li&gt;&lt;font face="Verdana" color="#002955" size="2"&gt;&lt;b&gt;Public Equity Performance: &lt;/b&gt;Enterprise Application Providers Continue to Outperform Broader Indices&lt;/font&gt;&lt;font face="Verdana" color="#4a4b4d" size="2"&gt;&lt;br /&gt;The first nine months of 2007 picked up where 2006 left off, delivering strong returns. In the most recent quarter, however, application stocks (and the overall market) have become increasingly volatile amid credit concerns, uncertainty of monetary policy and the possibility of economic contraction&amp;hellip; &lt;a href="#story1"&gt;&lt;font color="#800080"&gt;read more &amp;gt;&amp;gt;&lt;/font&gt;&lt;/a&gt;&lt;/font&gt;&lt;/li&gt;&lt;li&gt;&lt;font face="Verdana" color="#002955" size="2"&gt;&lt;b&gt;M&amp;amp;A Activity: &lt;/b&gt;Voracious Appetite by Large Consolidators&lt;/font&gt;&lt;br /&gt;&lt;font face="Verdana" color="#4a4b4d" size="2"&gt;Consolidation in the enterprise application sector continues apace as valuations and deal sizes have risen significantly even as the number of deals has fallen slightly due to a scarcity of high quality targets&amp;hellip; &lt;a href="#story2"&gt;&lt;font color="#800080"&gt;read more &amp;gt;&amp;gt;&lt;/font&gt;&lt;/a&gt;&lt;/font&gt;&lt;/li&gt;&lt;li&gt;&lt;font face="Verdana" color="#002955" size="2"&gt;&lt;b&gt;Featured Sub-Sector: &lt;/b&gt;Business Analytics / Business Intelligence&lt;/font&gt;&lt;br /&gt;&lt;font face="Verdana" color="#4a4b4d" size="2"&gt;Organizations continue to demand applications that mine and process their critical data to yield &amp;ldquo;dashboards&amp;rdquo; of meaningful information&amp;hellip; &lt;a href="#story3"&gt;&lt;font color="#800080"&gt;read more &amp;gt;&amp;gt;&lt;/font&gt;&lt;/a&gt;&lt;/font&gt;&lt;/li&gt;&lt;li&gt;&lt;font face="Verdana" color="#002955" size="2"&gt;&lt;b&gt;Featured Trend: &lt;/b&gt;The Importance of Vertical Expertise&lt;/font&gt;&lt;br /&gt;&lt;font face="Verdana" color="#4a4b4d" size="2"&gt;Of several trends that are occurring right now in enterprise application software, we would like to highlight one: the premium that the market is increasingly placing on vertically focused companies... &lt;a href="#story4"&gt;&lt;font color="#800080"&gt;read more &amp;gt;&amp;gt;&lt;/font&gt;&lt;/a&gt;&lt;/font&gt;&lt;/li&gt;&lt;li&gt;&lt;strong&gt;&lt;font face="Verdana, Arial, Helvetica, sans-serif" color="#002955" size="2"&gt;Enterprise Application Software Public Company Valuations&lt;br /&gt;&lt;/font&gt;&lt;/strong&gt;&lt;font face="Verdana" color="#4a4b4d" size="2"&gt;Relevant financial data for publicly traded enterprise application software companies... &lt;a href="#story5"&gt;&lt;font color="#800080"&gt;read more &amp;gt;&amp;gt;&lt;/font&gt;&lt;/a&gt;&lt;/font&gt;&lt;/li&gt;&lt;li&gt;&lt;strong&gt;&lt;font face="Verdana, Arial, Helvetica, sans-serif" color="#002955" size="2"&gt;Enterprise Application Software M&amp;amp;A Transactions YTD 2007&lt;br /&gt;&lt;/font&gt;&lt;/strong&gt;&lt;font face="Verdana" color="#4a4b4d" size="2"&gt;Selected enterprise application software company M&amp;amp;A transactions in the SaaS, business intelligence, enterprise resource planning and supply chain management sub-sectors, including deal values and multiples when disclosed... &lt;a href="#story6"&gt;&lt;font color="#800080"&gt;read more &amp;gt;&amp;gt;&lt;/font&gt;&lt;/a&gt;&lt;/font&gt;&lt;br /&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/tbody&gt;&lt;/table&gt;</Description>
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                 <Keyword>enterprise application software</Keyword>

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                  <Title>Updata Advisors Enterprise Application Software Transactions</Title>

                  <Synopsis>Recent enterprise software mergers and acquisitions deals completed by Updata Advisors</Synopsis>

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