Innovation Advisors Expands into Silicon Valley and Promotes Two Directors

SILICON VALLEY, California and NEW YORK, January 12 - Innovation Advisors, a leading provider of technology-focused investment
banking and advisory services in the United States and Europe, today
announced the opening of a new Silicon Valley office headed by Managing
Director Greg Kouvelas, as well as the promotion of two directors in the
firm's New York office.

Greg Kouvelas Opens Silicon Valley Office

"It's been a busy time of growth for us," said Kouvelas, a Managing
Director who joined Innovation Advisors in its Chicago office in June 2005
and returned with his family to the Bay Area in 2009 to open the Innovation
Advisors office in Palo Alto. "Based on the deal activity that we are
experiencing on the West Coast, we felt it was important to be directly in
the SF Bay Area technology and venture community. Since I have spent the
majority of my career here on the West Coast, I am excited to be back."
Kouvelas brings over 20 years of investment banking, consulting, and
operating experience in the technology industry and focuses on the
communications, media, and software sectors.

Greg will continue to specialize in the convergence of data, voice and
video in systems, software and media, with a particular interest in cloud
computing, while expanding the firm's Silicon Valley team and sector focus.

"Having navigated through the uncertainty of the last few years, we feel
it's a great time to invest in expanding our geographic reach," explained
Managing Director and founder Eric Gebaide. "Greg has a long-developed
relationship network on the West Coast, and we're excited about establishing
a direct presence in the major technology markets throughout the US. Looking
forward, we're currently engaged in various activities in the UK and Europe
and are examining opportunities to establish our first international office
location to join our now four locations in the U.S."

David Yaches and Raphael Garfield are Promoted to Director

Innovation Advisors also announces the promotion of David Yaches and
Raphael Garfield from Vice President to Director. "David and Rafi have been
part of the IA family for many years now, and we're fortunate to be able to
recognize their unwavering commitment to client service, manifold
contributions to the firm, and excellence in deal-making," said Gebaide. "The
promotion reflects their proven ability to service clients as advisors and
deliver creative solutions for complex transactions." Yaches and Garfield
have each worked in the technology investment banking industry for more than
ten years and are based in the firm's New York office, which focuses on
serving the IT services, software, and media markets.

About Innovation Advisors

Innovation Advisors is a leading advisory firm focused exclusively on
serving the needs of technology companies. Founded in 2001, Innovation
Advisors has completed more than 40 domestic and international M&A,
capital-raising, and advisory transactions for its clients. Headed by a team
of senior advisors with extensive operating knowledge and broad Wall Street
expertise averaging more than 20 years, the firm now has four locations
across the United States including New York, Boston, Chicago and Silicon
Valley and services clients in the US and Europe. Innovation Advisors is a
member of FINRA and the SIPC. For more information about Innovation Advisors
call +1-212-268-1501 or visit www.innovationadvisors.com.

Eric Gebaide, +1-212-710-5302, egebaide at innovationadvisors.com