Panel Discussion: Tips and Techniques of selling your Business
April 26, 2006

CATAAlliance Memorandum

Date: April 26, 2006

Attn: High Tech Executives

Re: Networking Event and Panel Discussion
      "Tips and Techniques of selling your Business"

Action Requested: Register Today as our guest

Ernst & Young and CATAAlliance would like to invite you to join with other high tech colleagues as our guest for a networking event and panel discussion (May 24th at the Marshes Golf Club) on “Tips and Techniques of selling your Business.” See below for event details and please confirm your registration today.

As you are likely aware, there is a strong and growing market for Canadian businesses and a new sophistication at work in the transactions marketplace. US investors are currently finding Canadian businesses very attractive due to the low transaction multiples and its flexible financial structures. Domestic demand for Canadian businesses is being driven in part by the explosive growth of private equity groups.

The Ottawa marketplace is poised to experience a higher level of transaction activity than it has in the past as Venture Capitalists are preparing to exit from their more mature portfolio investments as a result of investment time horizons drawing to a close. Acquirees are looking to add products, features and revenue beyond organic initiatives.

We have convened a high level group of transaction experts to discuss these trends and share their experiences. During the discussion, you will be able to question the panel on issues that affect your business.

Looking forward to seeing on the 24th at the Marshes.

Yours sincerely

Bryan Haralovich, Partner, Ernst & Young
John Reid, President, CATAAlliance

Event Details and Registration

Date: Wednesday, May 24, 2006

Time: Reception 4:30-5:00 p.m.
          Discussion 5:00-6:30 p.m

Location: The Marshes Golf Club, Garden Terrace Room
                (320 Terry Fox Drive, Kanata)

Agenda: - Current U.S. and Canadian M&A trends
               - How to position your company for sale including valuing your business
               - Understanding the sale process
               - What acquiring companies look for (business attributes)
               - Pitfalls and obstacles in completing a transaction and how to overcome them
               - Tax strategies to optimize value for shareholders

Panelists:- Mitch Robinson, Vice President of Strategic Investments of Cognos Inc.
                 - Ray Petty, President, Gallium Software Inc.
                 - Alex Morrison, Partner, Ernst & Young Transaction Advisory Services
                 - Nik Diksic, Senior Manager of Tax, Ernst & Young Transaction Advisory Services

Registration: RSVP by Thursday, May 18, 2006 to Carolyn Laidlaw at 598-4844 or