Mumbai, July 17, 2000 -- Technology Capital Partners (http://www.techcapindia.com) today announced a strategic alliance with The Catalyst Group (www.IT-catalyst.com) for assisting Indian technology companies seeking to acquire companies overseas. A number of Indian information technology companies such as Infotech Enterprises have already used M&A to expand overseas. With increasing power of their valuations in the capital markets and relaxation of foreign investment guidelines, Indian companies are today in a position to acquire overseas companies. Acquisition of companies already strong in their local markets will assist Indian companies to penetrate global markets quickly and at a lower cost.

Speaking about the alliance, John Scholes, Co-founder and Partner, The Catalyst Group, said, "Indian information technology companies have made significant progress in penetrating overseas markets. Increasing their market share and presence in these countries is often best achieved through M&A rather than through organic growth." Sushanto Mitra, Founder and Principal Consultant of Technology Capital Partners, said, "Companies need to operate as local players in overseas markets and this can have a dramatic impact on profitability as it lowers marketing costs and results in increased revenues. The Catalyst Group, which comprises people who have been senior executives in information technology companies, is uniquely positioned to bring a deep understanding of the critical elements of business expansion. Its experience and expertise in this area will add critical inputs to strategy formulation and execution for Indian companies."

The Catalyst Group(CATALYST) provides corporate development solutions, exclusively to Information Technology, Telecoms, New Media and e-Business companies. CATALYST has operations both in the USA and Europe. As the name suggests, CATALYST acts as an agent of change, well versed with the IT marketplace. CATALYST covers the entire spectrum of activities, from creating a strategy, to forging transactions, to making sure these transactions work.

CATALYST has a rich experience in structuring, negotiating and executing all types of partnership transactions. Some of the key clients that CATALYST has successfully completed transactions with, and continues to work with for their growth strategies, include CMG plc, the leading European IT services company; ECsoft Group plc, the European e-business solutions company; Softbridge, Inc, the Boston-based testing tools vendor; Lucent Technologies; and Unisys Corporation.

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Technology Capital Partners is a consulting firm that caters exclusively to the needs of the technology sector in the areas of funding, strategic alliances, mergers & acquisitions and business advisory services. Some of the key clients that Techcap has worked with and continues to assist in their growth strategies include Cyber India Online, Bangalore, Contests2win.com, Mumbai and Tata Interactive Systems, Mumbai.