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Woodside Leverages Expertise in Cross Border M&A Financial Advisory Services
April 23, 2008, Palo Alto, CA: Woodside Capital Partners, LLC is proud to announce that it has acted as financial advisor to Xcalia, headquartered in Paris, France, on its recent sale to Progress Software. Xcalia is a leader in the development and adoption of the SDO standard and data integration technologies and is now part of DataDirect Technologies, an operating company of Progess Software. The terms of the agreement were not made public.
About DataDirect Technologies
Technologies is the software industry's only comprehensive provider of software for connecting the world's most critical business applications to data and services, running on any platform, using proven and emerging standards. Developers worldwide depend on DataDirect® products to connect their applications to an unparalleled range of data sources using standards-based interfaces such as ODBC, JDBCT and ADO.NET, XQuery and SOAP. More than 300 leading independent software vendors and thousands of enterprises rely on DataDirect Technologies to simplify and streamline data connectivity for distributed systems and to reduce the complexity of mainframe integration. DataDirect Technologies is an operating company of Progress Software Corporation (Nasdaq: PRGS). For more information, visit www.datadirect.com.
About Xcalia
Xcalia's dynamic integration software makes it easier for enterprises to build composite applications in SOAs while reusing valuable information resources, optimizing IT investments and reducing operating costs. Through intermediation, a layer between the business model and the data/services resources, applications can be created or updated quickly to meet changing business demands. Xcalia is ideal for high-performance transactional applications that also need to reuse legacy and mainframe resources with maximum interoperability in any environment. The company has 20 large enterprises among its customers and has key partnerships with IBM, Microsoft and Sun Microsystems. Headquartered in Paris, France, Xcalia has offices in the U.S. and the company is privately held. For more information, visit www.xcalia.com.
About Woodside Capital
Woodside Capital Partners, LLC is a boutique investment banking firm with offices in Silicon Valley and London, specializing in cross border M&A and capital raising advisory services for emerging growth companies in the digital media, semiconductor, and alternative energy sectors. All securities activities are conducted exclusively through 3C-WC Partners, LLC, a registered broker-dealer and member of FINRA (www.finra.org) and SIPC (www.sipc.org). Woodside Capital Partners, LLC and 3C-WC Partners, LLC are affiliated companies. More information is available at www.woodsidecap.com or by calling 1.650.980.5006.