Updata Advisors Promotes Robert Lung And Matthew Fiore To Vice-President

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Lung And Fiore Add Significant Sector Expertise To Leading Information Technology M&A Firm

Updata Advisors, Inc. is pleased to announce today the promotions of Robert Lung and Matthew Fiore to Vice President, effective July 1. Throughout their careers here at Updata, these two individuals have added tremendous value through their tireless efforts and consistently high-quality work product.    

Robert Lung

When Rob joined Updata Advisors in April 2004 as an Analyst, he brought with him considerable technology M&A experience, and in 2006 he was promoted to Associate.

Rob's significant deal execution experience comes from his active involvement on many high-profile engagements. As a result, Rob has developed significant industry expertise in the IT Security and Internet sectors.

Prior to Updata, Rob worked as a Research Analyst with Broadview International conducting research on mergers and acquisitions transactions in the IT, media, telecommunications, and healthcare technology sectors.

Rob earned a Master of Science in Quantitative Methods and Modeling from the Zicklin School of Business and a Bachelor of Arts in Economics from the University of Chicago. Rob is currently enrolled in the Executive MBA-Global program at Columbia University and is a CFA charterholder.

Matthew Fiore

Matt has gained significant deal experience since joining Updata as an Analyst in June 2004, working on many significant M&A transactions. In 2006 he was promoted to Associate and continued to hone his expertise in the IT Services sector.

Before joining Updata, Matt was a strategic acquisition analyst in the corporate development practice at Clondalkin Group, a Warburg Pincus-backed company in the packaging industry. While at Clondalkin, Matt coordinated all due diligence efforts for the firm's buy-side M&A activity and completed several acquisitions. Earlier, Matt interned with Cornell Capital Group and Fagan Associates.

Matt has a Bachelor of Science in Business Administration and Finance with a minor in French from Villanova University and spent a semester studying at the Université de Bourgogne in Dijon, France.

About Updata Advisors
Based in New York, New York and Reston, Virginia, Updata Advisors is a leading investment bank specializing in mergers, acquisitions, private placements, fairness opinions and corporate restructurings for the information technology industry. Updata creates Greater Outcomes® for clients measured in growth, innovation and shareholder value. Since 1987, the firm has advised on over $15 billion in transactions for application and infrastructure software, internet, security and IT services companies. Updata Advisors is perennially ranked among the top five advisors in transaction volume to companies in the Computer Software, Supplies & Services industry, according to FactSet Mergerstat. For more information, visit http://www.updataadvisors.com

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