Gores Equity, LLC Purchases CBE Technologies

Business Wire, April 8, 2008

BOULDER, Colo. -- Gores Equity, LLC, announced the acquisition of CBE Technologies (CBE), the leading provider of managed IT services for state governments, municipalities, educational institutions, and leading small to mid-size businesses.

Founded in 1984, CBE Technologies employs over 100 IT professionals with 1,200 certifications, including those in information security and voice over IP (VoIP). CBE is a Gold Microsoft and HP partner, Platinum Citrix partner, Premier Cisco Partner. CBE Technologies supports 2,500 customers, including small- and mid-size businesses, state and local governments, and educational and nonprofit institutions.

"With CBE Technologies, Gores aims to expand its footprint in the market for IT infrastructure services and remote managed services," according to Mike Hirano, Executive Vice President of Gores Equity, LLC.

"Customers can continue to rely on CBE Technologies' 20-year-plus track record when they want to drive down IT costs while increasing operational efficiencies," said George Mellor, President of CBE Technologies.

New England's state governments, municipalities, educational institutions, and leading small businesses trust CBE Technologies to provide strategic technology consulting, network and system upgrades, user support, and proactive maintenance of their networks on a 24x7x365 basis.

About Gores Equity, LLC

Gores Equity, LLC is a private equity firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. Gores Equity, LLC has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Boulder, CO, Gores Equity, LLC maintains offices in Boulder, Colorado, San Diego, and Los Angeles, CA. For more information call 303 531-1000.

About CBE Technologies

CBE Technologies, headquartered in Providence, offers a comprehensive suite of "one stop, one price" IT and telephony services, delivering top-quality skills and business understanding from design to implementation to support. It has sales and services offices in Andover, Massachusetts; Portsmouth, New Hampshire; Glastonbury, Connecticut; Portland, Maine; and Providence, Rhode Island.

For over 20 years, CBE Technologies has served more than 3,500 customers across New England in the government, commercial, health care, and education market sectors. The company has pursued a careful growth strategy, always maintaining its focus on providing technology services that meet the unique needs of each customer. It is New England's largest independent IT services firm. For more information, visit www.cbetech.com.