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Martin Wolf Securities Enters Into Strategic Relationship With ICICI Bank

June 25, 2010

Martin Wolf Securities (MWS) signed an agreement with ICICI Bank (ICICI), India's leading private bank, to become its exclusive strategic partner for acquiring US based IT companies for ICICI's India based clients.

ICICI will be able to leverage MWS' significant industry expertise and relationships to identify and acquire leading US based IT companies, and MWS will be able to extend its reach in Asia by partnering with one of the premier banks in India.

Martin Wolf, President, Martin Wolf Securities, said: "We are delighted to establish this relationship with such a respected and established partner. As the foremost private bank in India, ICICI has unsurpassed relationships with some of the fastest growing IT companies in the world. As the Indian market continues to grow and firms look to expand into the US, we believe significant opportunities exist for both firms to work together and complete market-moving transactions."

The agreement will take effect immediately.

About Martin Wolf Securities:
Based in San Ramon, CA, Martin Wolf Securities is a leading middle-market investment banking boutique, serving exclusively the IT services, BPO and IT supply chain markets. Since 1997, our team has completed 100 transactions in 6 countries. The average consideration for our last 10 transactions has been in excess of $80 million. With deep domain expertise and long-standing executive relationships, we are well positioned to help IT companies explore opportunities in today's M&A marketplace. For more information, visit www.martinwolf.com.

About ICICI Bank:
ICICI Bank's M&A Advisory Group provides end-to-end advisory services to the client in the mergers and acquisitions involving target search, analysis of the target and potential synergies for the client, value analysis, pricing strategy, review of the transaction documents, negotiation support, documentation and closure of the transaction. ICICI has a truly global reach with a dedicated advisory team based out of various offices in Mumbai, London, Singapore, New York. According to MergerMarket, ICICI Bank is ranked amongst the top 3 in deal count for CY 2008 with 17 deals of value $1.1 billion. For more information, visit www.icicibank.com/corporate/investment/corp-investment-1.html.

Disclaimer: Martin Wolf Securities will act as the sole point of contact for firms and opportunities based in the United States as ICICI will not be in contact with or communicate directly with any such entity.

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