Harris Williams & Co. Expands its Technology Practice; Firm Forms Dedicated Industry Group and Hires Senior Executive

BOSTON--()--May 22, 2006--Harris Williams & Co. is pleased to announce the launch of the firm's dedicated Technology Group. Jeffery M. Bistrong, Managing Director in the firm's Boston office, is heading the group after leading the firm's technology effort for the past several years. Mr. Bistrong was one of the original members of the firm's Boston office, joining Harris Williams & Co. in 2002 after working in M&A advisory at Robertson Stephens, Tucker Anthony, and BancBoston Securities. The firm has hired David W. Joncas, previously Senior Vice President with Jefferies Broadview, as Director to lead the group's efforts in the software and services sectors.

The formation of the Technology Group represents the formalization of Harris Williams & Co.'s expanding technology practice, focusing on companies with positive cash flows and strong growth opportunities, primarily in the communications, manufactured technology, enterprise software, IT services, and Internet media markets. In 2006, the firm has closed several transactions including Broadcast Electronics Inc., Genscape, Inc., Knurr AG, Realm, Inc., and rCash, Inc for clients such as 3i, CMGI@ventures, GFI Energy Ventures, HM Capital, and THLee Putnam Ventures.

Mr. Joncas joins Harris Williams & Co. with nearly 15 years of technology and services industry experience spanning the enterprise software, IT services, healthcare IT, and financial technology markets. Prior to joining Harris Williams & Co., he was a Senior Vice President with technology investment bank Jefferies Broadview. Upon joining the firm on May 30, 2006, Mr. Joncas will be working from Harris Williams & Co.'s Boston office.

"The Technology Group is a dedicated platform which enables us to leverage the track record of successful transactions we've built across a broad range of technology industry sectors," said Jeffery Bistrong. "Our technology execution capabilities are further enhanced by the 30 person pan-European technology team of our exclusive international partner Close Brothers."

"This dedicated effort builds on the momentum of our firm's continued growth," said Hiter Harris, co-founder and Managing Director of Harris Williams & Co. "David's senior leadership and extensive industry and transaction related experience will add considerable traction to our efforts in key technology sectors."

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is one of the largest mergers and acquisitions advisory firms in the country focused exclusively on the middle market. With offices in Richmond, San Francisco, Boston, Philadelphia, and Minneapolis, Harris Williams & Co. represents private equity groups as well as publicly and privately held companies worldwide.

Harris Williams & Co. is the trade name under which Harris Williams LLC conducts its business. Member NASD/SIPC.

Jeffery M. Bistrong and David W. Joncas can be reached at 617-482-7501. Mr. Bistrong can be reached by email at jbistrong@harriswilliams.com; Mr. Joncas can be reached by email at djoncas@harriswilliams.com.

For more information, please contact Kimberly Baker, Marketing Director, at 804-648-0072.

Contacts

Harris Williams & Co.
Kimberly Baker, 804-648-0072

Contacts

Harris Williams & Co.
Kimberly Baker, 804-648-0072