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Frontier Capital Provides $6.5 Million in Expansion Funding to M3 Technology Group

10/13/2007

Charlotte, NC – Frontier Capital, a private equity firm providing growth equity to business services companies, announced today that it has completed a $6.5 million investment in M3 Technology Group (M3), a leading provider of consulting and managed services for messaging platforms to large enterprise customers. Frontier’s investment will support M3’s growth efforts including new product development, expansion of the services team and additional resources for both direct sales and channel marketing.

Founded in 2002 and based in Charlotte, NC, M3’s services include assessing, designing, delivering and managing corporate e-mail and related infrastructure for corporations that are migrating to a new platform or looking to outsource the ongoing support of their existing solutions. Through extensive product knowledge and industry leading services, M3 has differentiated itself in the market and proven its market value with defined expertise that prevails in the customization and integration of communications, email and messaging solutions across all vendor platforms. M3’s rapid growth is evidence of the level of support it provides to market leading companies through its consulting and managed services.

“We have been very impressed with the significant progress M3 has made over the last few years” said Andrew Lindner, managing partner of Frontier Capital. “M3’s focused expertise has transcended the local, state, regional and national boundaries in an incredibly short time and, with this additional funding, they will be able to fast-track their pipeline of development initiatives.”

“Over the past two years, we have experienced phenomenal and consistent growth. In the process, we have become a go-to partner for some of the most trusted and influential technology companies in the world,” said Michael Byrnes, chief executive officer of M3. “With this funding from Frontier Capital, we will be able to add more resources to enhance our innovative technology processes, build out our operations, and increase the testing and implementation of new technology solutions that continue to improve the way our communications information is stored, secured and delivered.”

Frontier Capital targets high growth business services companies that have proven their value in the marketplace and are seeking expansion capital to maximize shareholder value. Frontier will invest to fund growth, acquisitions or shareholder liquidity. Frontier Capital works shoulder to shoulder with portfolio companies to provide much more than expansion capital by advising and guiding companies to success utilizing internal expertise as well as guidance contributed by former portfolio company CEOs and its impressive group of Operating Partners.

M3 Technology Group

M3TG is a vendor-neutral provider of expertise in customized professional and enterprise services, secure electronic messaging, infrastructure systems development and management, information security, zero-impact migrations, and emerging technologies. M3TG delivers precise solutions, dedicates a team of experts to every engagement, and completes projects on time and within budget. The company operates from its North American headquarters in Charlotte, N.C. For more information on M3TG, visit www.M3TG.com.

Frontier Capital

Frontier Capital is a private equity firm providing growth equity to business service companies. These companies range from traditional to tech-enabled and deliver a differentiated service to their customers. They have a proven solution in the marketplace and need capital to accelerate growth, make acquisitions, or generate shareholder liquidity. The firm is based in Charlotte, N.C. and provides $5-$10 million per investment in companies throughout the Southeast and Mid-Atlantic regions. For more information on Frontier Capital, visit www.frontiercapital.com.

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