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Miami-based Tallard Technologies Sold to Itautec S.A. of Brazil

By: - Date: 07/13/2006

Fort Lauderdale, FL – Farlie, Turner & Co., LLC announced that it served as exclusive financial advisor to Tallard Technologies, Inc. on its recent sale to Itautec S.A. – Grupo Itautec, a Brazilian-based manufacturer and provider of a range of information technology equipment and services.

Headquartered in Miami, Florida, Tallard is a leading value-added distributor of information technology equipment throughout Latin America and the Caribbean with operations in Mexico, Venezuela, and Chile. The company, which reported revenues of $100 million in 2005, retained Farlie Turner as its exclusive financial advisor. “We chose to engage Farlie Turner based on our confidence in their ability to achieve a highly successful outcome in a sale process,” said Tallard Chief Executive Officer Humberto Gonzalez. “They were instrumental in moving the transaction to an expeditious closing through their dedication to this assignment and commitment to Tallard and its shareholders."

Based in Sao Paulo, Brazil, Itautec, through its subsidiaries, manufactures and distributes a wide range of banking and commercial automation and information technology products. The company also provides technical and support services for Itautec and third party manufactured information technology equipment. Itautec is publicly-traded on the Sao Paulo stock exchange and reported revenues of $760 million in 2005.

Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with the NASD, provide merger and acquisition, private placement, and financial advisory services. For more information, call (954) 358-3800.


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