DecisionPoint Advises Xcelerate on Sale of Assets to SBI and Company

DecisionPoint Advises Xcelerate on Sale of Assets to SBI and Company

Charlotte, NC; December 30, 2002 – DecisionPoint International, a boutique Investment Bank providing merger and acquisition services to middle-market technology clients, announced today that SBI and Company (“SBI”) has purchased certain assets of its client, Xcelerate Corp. (“Xcelerate” or “Company”).

Founded in 1997 and headquartered in Fort Lauderdale, FL, with an additional office in Atlanta, GA, the Company is an IT consulting and solutions firm that enables businesses to interact with customers and business partners through emerging technologies. Xcelerate offers focused expertise in specific technologies, including Web Applications & Portals, Content Management Infrastructure, Personalization Servers and Business Integration. Xcelerate’s venture investors include The Carlyle Group, Clearstone Venture Partners, Wachovia Capital Partners and Bessemer Venture Partners.

About Xcelerate Corp.
Xcelerate, a consulting and technology Services Company, helps leading businesses connect and collaborate with their customers and business partners through emerging technologies. Utilizing a quick-hit methodology, Xcelerate offers focused expertise in specific technologies, including Web Applications & Portals, Content Management Infrastructure, Personalization Servers, and Business Integration. Xcelerate’s integrated approach combines customer experience strategy & design, open-architecture technology, and fixed-time / fixed-price delivery to enable customer-centric, ROI-driven technology solutions. For more information about Xcelerate, visit www.xcelerate.com.

About SBI and Company
SBI and Company is an industry-focused, business-driven professional services firm. The company serves clients across their entire value chain to deliver measurable business value by leveraging technology and user-centric design. SBI’s customer-, employee-, supplier-, and enterprise-facing solutions enable clients to acquire, retain and extend customer relationships, improve collaboration and coordination across their value chain, enhance operational productivity and efficiency, and gain more value from their enterprise systems. SBI and Company has offices in major cities across the U.S. and a European base of operations in London. For more information, visit www.sbiandcompany.com .

About DecisionPoint International
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointInt.com.

For further information, contact:
DecisionPoint International: Doug Ellis, Managing Partner; (704) 248-1122; DEllis@DecisionPointInt.com