Miles 33 Acquires Televisual Data Limited

Miles 33 is delighted to announce that it has today acquired Televisual Data Limited “Televisual” whose headquarters are in Dundee, Scotland. Televisual has been supplying content management systems and services to Newspaper and Magazine publishers since 1992. Today Televisual offers its suite of editorial workflow and content management software called Asset to an ever increasing global customer base.

Despite the current economic climate, Televisual had another successful year in 2008 with continued growth in sales revenue worldwide. This was complemented with the opening of a subsidiary company in Malaysia to support its growing customer base in the Middle and Far East, as well as adding four new publishing centres to its British customer base.

Commenting on the sale Alan Gibson owner of Televisual said “This is the right move at the right time for Televisual. Following the recent growth and success of our products, especially outside of the UK, the operational and logistical challenges facing a small company are formidable. By Televisual being part of a much larger group I am very pleased to have secured the future of my products and therefore my customers, and I look forward to further successes and continued growth”.

Alan Gibson will remain with Televisual and will join the senior Management Team at Miles 33 with an aim of driving the Televisual products further into specific markets.

Michael Moore, Chief Executive of Miles 33 added “I am pleased to announce the acquisition of Televisual and see this as a strategically important move for Miles 33 as we continue our growth plans both organically and by acquisition. The industry is undergoing extreme changes at present and I see Miles 33 as a key consolidator of suppliers to the markets we serve. Adding the Televisual products to our portfolio will make Miles 33 one of the very few suppliers that can offer a full Content Management Solution Worldwide in any language.” Mike adds “In these challenging times that we all face I am proud that Miles 33 are in a position of financial strength which enables us to continue our growth both in our domestic markets and internationally, and I look forward to working closely with Alan to realise the true potential of Televisual’s products.”

About Miles 33

Miles 33 is a global software and solutions provider for the Publishing and Media markets. With over 30 years of experience, Miles 33 is one of the largest and longest serving providers in these industries. The current generation of Miles 33 solutions are designed to manage multi-media products and cover all aspects of Advertising, Editorial, Internet and Digital Asset Management to help publishers increase their revenues whilst lowering costs and improving productivity. Miles 33 has an innovative sales model that offers its customers exceptional return on their Investment. Miles 33 is backed by European Capital, the European affiliate of American Capital, the largest publicly traded private equity firm in the US. Miles 33 has offices in Berkshire, England; Connecticut & California, USA; Victoria, Australia and Belo Horizonte, Brazil.

Miles 33

Miles House

Easthampstead Road

Bracknell, Berkshire RG12 1NJ

Contact: Michael Moore, Tel: 01344 861133 06 February 2009