HALO to Acquire Unify Insurance Risk Management Division to Advance Lift and Shift Strategy in the Dynamic Insurance Risk Management Market; Unify Insurance and ViaMode Divisions to Add Traction to Key Vertical Markets

Business Wire, Sept 14, 2006

GREENWICH, Conn. -- HALO Technology Holdings, Inc. (OTCBB: HALO) announced today that it has entered into a definitive agreement to acquire the Insurance Risk Management (IRM) and ViaMode divisions of Unify Corp. (OTCBB: UNFY) as part of a simultaneous transaction in which Unify will also acquire Gupta Technologies, LLC. In addition to the two business units, HALO will receive 5,000,000 shares of Unify common stock, $5,000,000 in cash, and 750,000 warrants to acquire Unify stock. With today's announcement Unify and HALO reported they have terminated the merger agreement announced March 14, 2006.

The Insurance Risk Management Division of Unify develops and markets NavRisk, a market-leading policy administration and underwriting system for the alternative risk market. IRM will join with HALO subsidiary DAVID Corporation to deliver comprehensive risk management solutions designed to reduce customers' overall claims costs. As a combined organization, DAVID and IRM will have over 100 loyal customers and a broad set of solutions for automating, managing and streamlining policy and claims information and business processes. The NavRisk system is used by customers to process over one billion dollars in premiums annually and enables gains in efficiencies, accuracy and resource savings, with the added benefit of consolidated data analysis for better, faster business decisions.

"We are excited to have Unify's Insurance Risk Management Division join the DAVID team and leverage their expertise in policy administration and underwriting with DAVID's rich history in claims management to create powerful risk management solutions," said DAVID President and CEO Alex Aminian. "The acquisition builds upon DAVID's vision of extending the enterprise beyond claims. We look forward to addressing the growing market opportunity for integrated systems that manage the entire insurance lifecycle from issuing policies to administering claims. Combining DAVID and IRM enables us to accelerate time to market in delivering integrated, business process-based risk management solutions that customers require to increase their profitability, customer satisfaction and competitiveness."

ViaMode's unique blend of engineered standards, driver incentives and software technology provides one of the most comprehensive solutions for maximizing truck driver performance. It enables organizations to optimize transportation operations by leveraging operational data from onboard computers and routing/scheduling software packages to provide reporting and analysis information and unparalleled visibility into transportation operations.

HALO CEO Ron Bienvenu noted, "I believe this transaction, although not exactly what we had in mind six months ago, is a great win for both Unify and HALO shareholders. Over the past few months we have come to know the Unify management and board and we are delighted to become a major shareholder of a company that we believe is poised for profitable and sustainable growth. In addition, we believe the combination of the Insurance Risk Management Division of Unify with our DAVID Corporation subsidiary will give us an ideal platform for executing our lift and shift strategy in the dynamic insurance risk management market. We are also excited about the ViaMode assets as it gives us a toe hold in an industry segment that we think is ripe for HALO's model."

About HALO Technology Holdings, Inc.

HALO Technology Holdings, Inc. is a global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. HALO's strategy is to acquire and operate private and public enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, leading corporations and institutions, including companies like IBM, Phillip Morris, John Deere, Merck, Boeing, Bacardi, Motorola, The Home Depot,

Southern Company and thousands more, rely on our portfolio companies to deliver high quality, enterprise class software and services on a global basis. For more information, please see our website at www.haloholdings.com.

Legal Notice Regarding Forward-Looking Statements

This press release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934 as amended. Forward looking statements are denoted by words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates", and other variations of such words and similar expressions are intended to identify such forward-looking statements. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the Company's forward looking statements. Such risks and uncertainties include, but are not limited to general economic conditions in the insurance industry, computer and software industries, domestically and worldwide, the Company's ability to keep up with technological innovations in relation to its competitors, product defects or delays, developments in the Company's relationships with its customers, distributors and suppliers, changes in pricing policies of the Company or its competitors, the Company's ability to attract and retain employees in key positions and the risks and uncertainties associated with the acquisition of a significant business unit. In addition, the Company's forward looking statements should be considered in the context of other risks and uncertainties discussed in the Company's SEC filings available for viewing on its web site at "Investor Relations," "SEC filings" or from the SEC at www.sec.gov.