New York/Delhi—May 2, 2007:Evalueserve, a leading provider of global research, analytics, and intellectual property services, acquired Nitron Advisors, LLC, in a cash, equity, and earn-out transaction in April 2007. The acquired company will become a wholly-owned subsidiary of Evalueserve, operating under the name Nitron Circle of Experts.

Nitron Circle of Experts provides institutional investors, corporations, consultancies, and law firms direct access to a network of frontline industry executives, scientists, academics, and consultants. Through the acquisition, Evalueserve has gained access to Nitron's client base, technology, and personnel. Nitron's clients include some of the top 10 investment banks, hedge funds, mutual funds, and private equity firms in the world. Its revenues grew by more than 70% in 2006 over that in 2005.

The combined services of these two firms are unique, blending customized research, and expert advisory capabilities worldwide. Alok Aggarwal, Chairman of Evalueserve, commented on the partnership, “The combination of Evalueserve and Nitron Circle of Experts is powerful. At Evalueserve, we provide custom research to help executives make superior fact-based business decisions. By combining Evalueserve’ research lines with the expert network of Nitron, we are enhancing our services by providing the type of frontline expert insights that clients need to complete their decision-making process. We are excited about adding Nitron’s blue-chip client list, rich expertise in investment research, and demonstrated capabilities in sourcing talent and opportunities.”

David Teten, Nitron's founder, remarked, “At Nitron, we have built a service that rapidly connects our clients with a rich array of frontline experts. Our new partnership with Evalueserve is natural, providing a one-stop-shop for clients in the financial, corporate, and legal markets who want both core research and the expert opinion of a veteran of the industry they are investigating.”

David Teten and Scott Lichtman, CEO and COO, respectively, of Nitron, joined Evalueserve as Co-Managing Directors to lead the Nitron Circle of Experts. Nitron employees also joined Evalueserve. Nitron Circle of Experts will continue to serve clients from its headquarters in midtown Manhattan, New York, which will become Evalueserve’ fourth office worldwide. Evalueserve operates research centers in India, China, and Chile.

Additionally, Charles J. Brady joined the Nitron Circle of Experts as Director of Client Services on May 1, 2007. Charles brings over 20 years of experience in leading investment research, research sales, and financial advisory initiatives on both buy side and sell side, at firms including Credit Lyonnais, Institutional Investor, JPMorgan, Oppenheimer, and Sanford Bernstein. At Credit Lyonnais Securities (USA), he served as Head of Equity and Fixed Income Research. Charles and the expanding client services team will ensure that Nitron’s clients receive customized research, proactive expert recommendations, interactive events, and expert elicitation and compliance training to optimize the use of expert networks.

To learn more about this new blend of research and expert advisory services, please contact Nitron Circle of Experts (www.circleofexperts.com;1-212-682-6676), or Evalueserve (Robert Daigle, VP Marketing & Sales; www.evalueserve.com,1-207-772-3075).