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        <Name>Q2 2008 IT M&amp;A Review</Name>
        <Summary>Updata Advisors Q2 Information Technology M&amp;A Review</Summary>
        <Description>&lt;p&gt;&lt;span class="style1"&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span class="style1"&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;&lt;/font&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span class="style1"&gt;&lt;strong&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;&lt;img height="10" src="http://updataadvisors.com/IT_Security/images/blueblock.jpg" width="10" /&gt;&amp;nbsp; M&amp;amp;A OVERVIEW: DESPITE BRIGHT SPOTS, IT M&amp;amp;A FEELS THE STING OF A ROUGH ECONOMY&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/strong&gt;First the good news. Total announced enterprise value of the IT deals tracked by Updata was roughly $31 billion in Q2 2008, up 3% from Q1 2008... &lt;a title="M&amp;A Overview..." href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#ma_overview" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;Economic Downturn Has Not Stopped America's Acquisitiveness Abroad&lt;br /&gt;&lt;br /&gt;&lt;/strong&gt;In terms of the number of announced transactions in Q2 2008, cross-border deals made up about 39% of all the acquisitions tracked by Updata. Interestingly,&amp;nbsp;fewer of these deals than expected have been inbound to the US... &lt;a title="Cross-border Transactions..." href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#economic" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;br /&gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;strong&gt;Challenging Environment Slows IT M&amp;amp;A Activity Overall&lt;br /&gt;&lt;br /&gt;&lt;/strong&gt;From Updata's perspective, buyers have become more patient and selective about targets given their increased M&amp;amp;A options... &lt;a title="Challenging Environment..." href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#challenging" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;&lt;img height="10" src="http://updataadvisors.com/IT_Security/images/blueblock.jpg" width="10" /&gt;SECTOR ANALYSES&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;/strong&gt;Updata regularly tracks five core subsets of the technology sector: Infrastructure Software, Enterprise Application Software, IT Services, Security, and Internet. In Q2 2008 certain sectors fared better than others. Overall, deals in the IT services space made up the bulk of the activity while deals in the Internet sector&amp;hellip;&lt;strong&gt;&amp;nbsp;&lt;/strong&gt;&lt;a title="Sector Analyses" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#sector_analyses" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span class="style1"&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;Infrastructure Software...&lt;/font&gt;&lt;strong&gt;&amp;nbsp;&lt;/strong&gt;&lt;a title="Infrastructure Software" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#infrastructure" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;Enterprise Application Software...&lt;/font&gt; &lt;a title="Enterprise Application Software" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#ea" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;Security...&lt;/font&gt; &lt;a title="Security" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#security" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;IT Services...&lt;/font&gt;&lt;strong&gt;&amp;nbsp;&lt;/strong&gt;&lt;a title="IT Services" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#services" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;Internet...&lt;/font&gt; &lt;a title="Internet" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#internet" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;&lt;strong&gt;&lt;img height="10" src="http://updataadvisors.com/IT_Security/images/blueblock.jpg" width="10" /&gt;&amp;nbsp; UPDATA TRANSACTIONS: SECOND QUARTER 2008... &lt;/strong&gt;&lt;a title="Updata Transactions" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#updata_transactions" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;/font&gt;&lt;br /&gt;&lt;br /&gt;&lt;strong&gt;&lt;font face="Helvetica" color="#002955" size="2"&gt;&lt;img height="10" src="http://updataadvisors.com/IT_Security/images/blueblock.jpg" width="10" /&gt;&amp;nbsp; REFERENCES...&lt;/font&gt;&amp;nbsp;&lt;/strong&gt;&lt;a title="References" href="http://www.updataadvisors.com/Advisors_Newsletters/IT_Services/itma_review_july08.asp#references" target="_blank"&gt;&lt;strong&gt;read more&amp;gt;&amp;gt;&lt;/strong&gt;&lt;/a&gt;&lt;/span&gt;&lt;/p&gt;</Description>
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                  <Title>Q2 2008 IT M&amp;A Review</Title>

                  <Synopsis>Updata Advisors Q2 2008 Information Technology M&amp;A Review.</Synopsis>

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