Mirus Capital AdvisorsMirus Capital Advisors

Mirus Advises ePresence, Inc. on Acquisition of SND

Boston, MA, Jun 05 – Mirus announced today that the company has assisted its client, ePresence, Inc. (NASDAQ: EPRE) in the acquisition of SND, Inc. of Clark, New Jersey.

Mirus Capital Advisors, a leading merger and acquisition advisory firm with a team specializing in the IT services market, assisted the management of ePresence in conducting an extensive target search, identifying and contacting prospective acquisition targets, and determining the value of the targets evaluated. Jamie Grant of Mirus stated, “The e-services market is growing rapidly, and the most successful firms have adopted an aggressive acquisition strategy to provide a complete solution for e-strategy, online marketing, and eCommerce systems integration. This transaction will significantly enhance ePresence’s ability to provide CRM and e-mobility solutions to customers.”

The ePresence company press release notes that the acquisition “was completed for total consideration of $30.5 million, consisting of $17.5 million in cash, 221,713 shares of ePresence common stock and a one-year earn-out of $10.0 million contingent on performance. SND reported revenues of $15.1 million for the trailing twelve months ended March 31st.”

“SND is our second acquisition this year and demonstrates our commitment and ability to use our strong asset base to expand our capabilities and rapidly grow our e-services business,” said Bill Ferry, chairman and chief executive officer of ePresence, Inc. “I am excited about the new clients and expertise in CRM and wireless applications that SND brings to ePresence, and we plan to continue expanding our business through organic growth, acquisitions and strategic partnerships.”

About ePresence

ePresence, Inc. (NASDAQ: BNYN) is a market leader in delivering e-services based on leading-edge Internet and directory technology. Headquartered in Westboro, Mass., the Company’s e-services division, ePresence Solutions, specializes in providing Internet-based solutions that facilitate more personalized relationships with customers, business partners, and employees. Leveraging expertise in customer-centric, directory-based technologies, ePresence’s consultants, partners, and methodologies help companies address new e-business models, expand business channels, and drive growth. ePresence Ventures focuses on acquiring and investing in companies that complement its e-services business. ePresence also owns a 40% equity position in Switchboard, Inc. (NASDAQ: SWBD), a leading Internet-based local merchant network interconnecting customers, merchants, and national advertisers.

About Mirus Capital Advisors

Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit www.merger.com.

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