Skywire Software Enters Definitive Agreement to Acquire Whitehill Technologies

    Move Solidifies Company's Position as a Dominant, Vertically Focused
Software Provider and Continues Its Global Expansion Serving Insurance and
Other Key Industries

    FRISCO, TEXAS, August 1 /CNW/ - Skywire Software and Whitehill
Technologies, two leading global providers of software and services for
insurance, financial services, legal, and professional services, today
announced they have entered into a definitive agreement under which Skywire
Software will acquire Whitehill Technologies, Inc. Terms of the transaction,
which is expected to be complete on or before August 31, 2007, were not

    The acquisition of Whitehill will solidify Skywire Software's position as
a dominant, vertically focused software company and continue its aggressive
global expansion in serving insurance, financial services and other key,
high-growth industries. Whitehill provides document and compliance software
that helps insurance carriers, law firms and other companies improve
efficiency and speed of key business processes. Based in Moncton, New
Brunswick, Whitehill is a privately-held, profitable company with a major
center in Markham, Ontario, and offices in the U.S. and U.K. With the
acquisition of Whitehill, Skywire Software will employ more than 650 employees
and serve nearly 2,500 customers in 45 countries.

    "This acquisition anchors our position as a leading provider of key
software applications to insurers of all sizes and across all segments of the
insurance industry," said Patrick Brandt, president and chief executive
officer of Skywire Software. "Whitehill offers an attractive complementary
customer base and performance-driven talent. It fits well with our goal of
providing the best customer service and technology in the industry, furthers
our presence in key vertical markets, and enhances our presence on a global

    Whitehill serves more than half of the largest insurance companies in
North America. The company's document automation and regulatory compliance
software complements Skywire Software's portfolio of software applications and
services that assist insurers in managing the lifecycle of a policy.

    Skywire Software's enterprise-wide products span a range of key functions
including rating and underwriting, policy production and correspondence,
real-time data exchange and business intelligence. Customers also leverage the
deep domain knowledge and expertise of Skywire Software's professional
services team and its state-of-the-art Business Process Outsourcing
facilities. Currently, Skywire Software serves more than 1,000 insurance

    According to industry research and advisory firm, Celent LLC, document
management accounts for four of the top five categories tracking in software
deals in the insurance industry. This acquisition positions Skywire Software
as a leader in a highly-fragmented market.

    Skywire Software's vertical focus will expand to include legal and
professional services. Over the past decade Whitehill has provided billing,
reporting, workflow, and process integration software and services tailored to
the specialized needs of these sectors. Whitehill currently serves more than
750 legal and professional services organizations, including two thirds of the
world's 250 largest law firms.

    "It's incredible the number of synergies between Skywire Software and
Whitehill's offerings, customers and employees," said Paul McSpurren,
president and chief executive officer of Whitehill Technologies. "We look
forward to combining with Skywire Software to continue serving the legal and
insurance markets, and building one of the top vertically focused software
companies fueled by innovation, talent and a drive to provide outstanding
customer service."

    Current Whitehill customers should expect business to continue without
interruption. The shared vision to build upon the domain expertise, process
knowledge and service delivery success of the combined companies was a key
driver of the acquisition. The transaction continues Skywire Software's
aggressive expansion, which has been fueled by organic growth and through nine
previous acquisitions during the past four years. Earlier this year, Skywire
Software completed the acquisitions of both Docucorp International and
Integrated Insurance Technologies. Skywire Software is a privately-held
subsidiary of Hall Financial Group, a $2 billion private, diversified firm.

    About Skywire Software

    Skywire Software is a leading software company serving the insurance,
health care, utility, and financial services industries. The Company develops
industry-specific software products that help companies integrate processes,
people and information. With products and services that span a range of key
functions, including rating, rules, underwriting, business intelligence,
agency management, data movement, and enterprise-wide document automation,
Skywire Software is dedicated to providing an unparalleled customer experience
to more than 1,600 customers worldwide. For more information, contact Skywire
Software at 1-800-735-6620 or visit

    About Whitehill Technologies, Inc.

    Whitehill Technologies, Inc. develops and implements document and
compliance automation solutions that help customers accelerate key business
processes. More than 1,000 customers in 45 countries have used Whitehill
software, including half the largest 100 insurers in North America and two
thirds of the largest 250 law firms in the world. Headquartered in Moncton,
New Brunswick, Canada, Whitehill is a privately held company in Canada, the
United States and the U.K. For more information, please call 1-888-944-8344 or

    About Hall Financial Group

    Founded in 1968, Hall Financial Group is owned by Chairman Craig Hall and
family. Diversified holdings include active operations in commercial real
estate development, ownership and management; software application
development, principally for the insurance industry; structured finance
lending for real estate and other areas; vineyards and wineries; and oil and
gas. In addition, the company maintains a portfolio of approximately $1.5
billion in stocks, bonds and venture capital investments in a broad range of
industries, including a substantial ownership position in American Airlines
(AMR). For more information, visit

    (C) Skywire Software is a registered trademark. All other names, brands
or products referenced are the service marks, trademarks or registered
trademarks of their respective companies. All rights reserved.

For further information:

For further information: Skywire Software Wendy Gibson, 972/377-1110
(main) Chief Marketing Officer 972/377-1102 (direct)

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