Compliance International, Inc. (“Compliance” or the “Company”) is a rapidly expanding electronic publishing company,supplying a wide variety of regulatory information via the Internet and CD-ROM to the financial services industry. Located in Fairfield, New Jersey, the Company reproduces a broad range of publications from more than 30 different market regulators, each focused on a particular area of regulatory compliance. Through the Company’s books on screen™ product, a user can access more than 90 different publications relating o all of he major U.S. stock exchanges and regulatory committees, the majority of Canadian exchanges, state banking laws, and a variety of other publications which are frequently used by financial services-related firms. Compliance’s products are sold to an extensive customer base of more than 1,000 companies,including the Securities and Exchange Commission (SEC); the NASD; the New York Stock Exchange (NYSE); the Federal Deposit Insurance Corporation (FDIC); and 95 of the top 100 broker-dealers.

Compliance retained Stonebridge Technology Associates as the Company’s exclusive financial advisor to assist the Company in conducting a targeted sale process to a defined group of prominent publishing companies. This group was comprised of potential strategic acquirers that could either market the Company’s products to he acquirer ’s existing customers or could gain access to Compliance’s extensive customer base. Stonebridge worked closely with Compliance throughout the process assisting the Company in crafting and distributing a comprehensive Offering Memorandum, identifying and contacting those prospective buyers that offered the best strategic fit for the Company, preparing Compliance for an extensive due diligence process, and aiding in documenting and closing the transaction. Ultimately,Stonebridge aided the Company in its sale to CCH Incorporated, a Chicago-based subsidiary of Wolters Kluwer (based in Amsterdam), a global provider of tax and business law information,software and services. The acquisition allows CCH to expand its securities products portfolio and to further its strategy of creating critical compliance-focused information,desktop solutions and online tools.

Stonebridge Technology Associates focuses exclusively on meeting the unique investment banking needs of early stage and emerging growth technology companies. The group specializes in raising private equity capital and providing merger and acquisition advisory services to Internet,software,hardware and other technology product and service companies. Our combined capital raising and merger and acquisition expertise enables us to deliver an integrated advisory capability that, if appropriate, allows a technology client to explore various strategic options simultaneously. Stonebridge Technology Associates is a business initiative of Stonebridge Associates, LLC that provides creative solutions to the corporate finance needs of middle market and emerging growth companies.