Rand A Technology Corporation Completes Sale to Ampersand Ventures



    MISSISSAUGA, ON, Nov. 1 /CNW/ - Rand A Technology Corporation (TSX: RND),
operating as RAND Worldwide(TM) ("Rand"), today announced that the arrangement
(the "Arrangement"), involving Rand, certain funds managed by Ampersand
Ventures ("Ampersand") and their affiliated company, 2144258 Ontario Inc.,
pursuant to a court-approved plan of arrangement, has been completed.
    Under the terms of the Arrangement, which was announced on August 14,
2007 and approved by Rand shareholders at a special meeting held on October
30, 2007 and by the Ontario Superior Court of Justice on October 31, 2007,
Ampersand has acquired all the outstanding common shares of Rand at a price of
CDN$2.10 per common share in cash, amounting to total consideration of
approximately CDN$42 million. Immediately following the completion of the
Arrangement, 2144258 Ontario Inc. and Rand amalgamated and will continue as
Rand A Technology Corporation. As a result of the transactions, Rand will
immediately apply to delist its shares from trading on the Toronto Stock
Exchange.
    For shareholders who held their Rand common shares through a broker, the
payment of the purchase price will be processed after the broker tenders the
Rand common shares to CIBC Mellon Trust Company ("CIBC Mellon"), the
Depositary for the Plan of Arrangement, in accordance with the instructions in
the Letter of Transmittal previously sent. For shareholders who held their
Rand common shares in registered form, the payment of the purchase price will
be processed after they deposit their share certificates with CIBC Mellon in
accordance with the Letter of Transmittal previously sent. Any questions
regarding payment of the purchase price, including any request for another
copy of the Letter of Transmittal, should be directed to CIBC Mellon via
telephone at 1-800-387-0825 (toll free in North America) or via email at
inquiries@cibcmellon.com.

    ABOUT RAND WORLDWIDE

    RAND Worldwide is one of the world's leading providers of professional
services and technology to the engineering community; targeting organizations
in the manufacturing, building, infrastructure and media and entertainment
industries. RAND Worldwide enables its clients to improve their
competitiveness, productivity and profitability by enhancing key aspects of
their 3D Design, Data Management and Collaboration capabilities. With more
than 20 years of industry experience, RAND Worldwide delivers knowledge,
expertise and design processes to clients through proven technical support,
training and consulting services. RAND Worldwide employs 448 people in more
than 50 sales and client service centers. For more information please visit
www.rand.com.

    ABOUT AMPERSAND VENTURES

    Ampersand, founded in 1988 as a spin-off of PaineWebber, is a leading
private equity firm dedicated to building equity value through active
collaboration. Ampersand has raised limited partnerships with a cumulative
capitalization exceeding $800 million to pursue a stage-independent investment
strategy across a broad range of industry sectors, including manufacturing
software, health care technology, and industrial products. Ampersand has been
an active investor in companies in the CAD/CAM/CAE/PLM community, including
Moldflow (NASD: MFLO) and Eigner (now NASD: AGIL). For more information please
visit www.ampersandventures.com.





For further information:

For further information: Peter Gimon, Chief Financial Officer, RAND
Worldwide, Tel: (905) 625-2000

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RAND WORLDWIDE

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