Bedford Funding Appoints Jonathan D. Salon as Managing Director

    Company Expands Leadership Team with Proven M&A, Business Integration and
Legal Expertise

    WHITE PLAINS, N.Y., June 25 /CNW/ - Bedford Funding, a private equity
firm specializing in investment opportunities in the consolidating and
fragmented technology sector, announced today the appointment of Jonathan D.
Salon as Managing Director and General Counsel. Mr. Salon comes to Bedford
Funding with 13 years of corporate executive and legal experience garnered
from both the operating business and law firm environments.

    Commenting on the appointment, Charles S. Jones, Managing Partner of
Bedford Funding, said "The volume and value of deals in the information
technology segment have grown significantly. As we pursue significant
investment opportunities, we rely heavily on the entire team's deep
understanding of the marketplace and on each individual's core business
competency and proven expertise. While Jon is an extremely competent lawyer
who has negotiated and executed many successful transactions in the
information technology arena over the years, his true strength comes with his
creativity in driving very positive business outcomes. I am very pleased to
have Jon's market perspective, M&A skills and trusted counsel back on our

    At Bedford Funding, Mr. Salon will focus on transaction structuring,
financing activities, deal negotiation and business integration. He also will
manage the firm's regulatory and legal matters.

    Before joining Bedford Funding, Mr. Salon was Vice President and General
Counsel of Unica Corporation (Nasdaq:   UNCA), an enterprise software company,
where he oversaw the company's worldwide legal affairs. Prior to that, he
served as Vice President of Business Integration for Extensity, Inc., a
software subsidiary of Golden Gate Capital, a $2.5 billion private equity
fund. He was one of very few executives recruited to join Extensity, formerly
Geac, after the $1 billion sale of Geac to Golden Gate Capital in March of
2006 - a transaction Mr. Salon helped negotiate and execute.

    While at Geac, Mr. Salon was Vice President and Deputy General Counsel,
working closely with Mr. Jones on complex strategic, operational and
compliance issues and corporate governance matters. He was lead corporate
counsel managing acquisition and divestiture initiatives worldwide, including
strategic planning and deal sourcing, coordinating due diligence and
integration efforts, and structuring, negotiating and documenting
transactions. Mr. Salon also was the principal corporate officer responsible
for the company's global real estate initiative, strategic alliances and
financing activities.

    "I am excited about the opportunity to work with Charles again and to
play a meaningful role on this team. I have experienced first hand the value
this team can identify and build in the marketplace, and I know Charles'
vision well," said Mr. Salon. "I look forward to working with the entire team
- a team I value and respect - to help build a world-class private equity

    Prior to his experience at Geac, Mr. Salon was a Partner at Choate, Hall
& Stewart working in the law firm's Private Equity and Business and Technology
Practice Groups, where he advised clients such as Boston Ventures, Heritage
Partners, Riverside Partners and Polaris Ventures on investments, financings,
recapitalizations and leveraged buyouts. He spent the two previous years prior
as Director of Business Affairs and Associate General Counsel at Lycos, a
publicly traded Internet media company, where he participated in the sale of
the company for more than $5 billion.

    Mr. Salon received a BA, cum laude, from Colgate University and a Juris
Doctor from Boston University School of Law. He also attended the Aresty
Institute of Executive Education at The Wharton School, University of

    About Bedford Funding

    Bedford Funding is a private equity firm specializing in investment
opportunities in the consolidating and fragmented technology sector with an
initial focus on the software and IT services sectors. The firm offers
extensive strategic operating and financial management expertise and advice
with the intention of providing exceptional performance and financial returns
for its portfolio companies and its investors. Bedford Funding serves the IT
and investment communities worldwide from its headquarters located in White
Plains, NY.

For further information:

For further information: Bedford Funding Larry Kaplan, 914-287-4882
Managing Director & CFO or Whistle Hill Group
Alys Scott, 617-821-9200

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