Goldenhill advises Brady plc in the acquisition
of Commodities Software (UK) Limited
Project for AIM listed leading global provider of trading, risk management and settlement solutions to the metals and commodities sectors

LONDON - January 12, 2009 - Goldenhill Technology Advisors today announced that it acted as M&A advisor to Brady plc ("Brady") in its just announced acquisition of Commodities Software (UK) Limited ("Comsoft"). Comsoft is a UK-based company providing software for the risk management and administration of raw materials or 'concentrates' for the metals market. Comsoft has been operating since 1994 and its clients are based in Europe and North America

As an established provider of risk management, and administration software to the concentrates market through its market leading Aquarius Software product suite, Comsoft was a compelling strategic and financial acquisition for Brady and is expected to broaden Brady's concentrates product offering by providing greater depth of functionality and expertise. The acquisition of Comsoft is also expected to increase Brady's customer base, provide further opportunities for growth and add experienced individuals to Brady.

Gavin Lavelle, CEO of Brady plc, commented: "This is a fantastic start to the year for Brady. The acquisition is a significant milestone in our strategy of being the definitive global provider of risk management and settlement solutions to the metals and commodities industries. Our clients will have the most advanced offering for refined and unrefined metals. Comsoft and its clients will benefit from Brady's global reach and worldwide support and development resources. The deal provides an opportunity to accelerate our growth and we anticipate enhanced earnings per share. Brady is cash positive and has an appetite for the right acquisitions at the right price."

The acquisition of Comsoft by Brady is the result of a thorough research, identification, analysis and negotiation process in which Goldenhill assisted and advised Brady from beginning to end. This project with Brady also represents another example of Goldenhill's ability to execute projects for its clients in the Financial Technology ("FinTech") sector as well as in other technology market sectors.

Noting the contribution of Goldenhill to the just completed transaction, Gavin Lavelle stated: "Goldenhill has provided us with first-rate service working very closely with us to identify, evaluate and select Comsoft as a fitting acquisition opportunity for Brady. Their knowledge of the FinTech sector and experience in the M&A process has been of real value to us in this project. Goldenhill's commitment and perseverance in the transaction never wavered and we look forward to continuing our working relationship with them."

About Brady plc

Brady is a leading global provider of trading and risk management software for global commodity markets. A single platform combines complete, fully integrated solutions supporting the entire commodity trading cycle, from capture of financial and physical trading, through risk management, physical operations, back office financials and treasury settlement, for refined and unrefined metals. Brady has over 20 years' expertise in the commodity markets and more than 800 users worldwide. Some of the largest financial institutions and mining corporations and many London Metal Exchange (LME) clearing members depend on Brady's software solutions to deliver vital transactions across their global operations.

About Goldenhill Technology Advisors

Goldenhill Technology Advisors represent and advise our technology business Clients in merger and acquisition (M&A) engagements. Our engagements include providing services to Sellers or Buyers in M&A projects in the UK, USA and Continental Europe with specific focus in software and service businesses. We are an international business with offices in California and London. Please contact us at

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