W. CONSHOHOCKEN, PA – October 30, 2008 – PricewaterhouseCoopers (“PwC”) LLP announced an agreement to acquire substantially all the assets of Entology, Inc., an enterprise technology solutions consulting firm and the leader in implementing Oracle® Security Solutions. Entology has been awarded the Oracle Titan Award for Excellence in Security and Identity Management in 2006, 2007 and 2008. Entology CEO Lawrence R. Prager will join PwC as a managing director and member of the firm’s Oracle and Security practices. Financial details of this transaction were not publicly disclosed.
Fairmount Partners initiated this transaction and acted as exclusive financial advisor to Entology, Inc.
ABOUT ENTOLOGY, INC.
Entology, Inc. specializes in developing enterprise technology solutions that create business value for Fortune 1000 corporations. Entology’s expertise includes content management, document management, enterprise portals, identity management, security services, collaborative solutions and business intelligence. As the leading provider of Oracle identity management integration consulting services, serving clients in the life sciences, media, financial services, healthcare, transportation, hospitality, and retail industries, Entology was awarded the Oracle Titan Award for Excellence in Security and Identity Management for two consecutive years (2006 and 2007). www.entology.com
ABOUT PRICEWATERHOUSECOOPERS LLP
PricewaterhouseCoopers LLP provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. www.pwc.com
Principals of Fairmount Partners acted as advisors to Entology, Inc. in this transaction.
Contact: Richard W. Thatcher, Jr., Managing Director