LLR Partners Acquires I-many, Inc. in Take Private Transaction

Philadelphia; June 25, 2009 – LLR Partners recently completed the $55 million acquisition of I-many, a leading provider of contract management software and services. With hundreds of global customers across multiple industries, I-many’s solution provides greater levels of insight into contract performance to improve profitability and achieve a measurable return on investment.

I-many fits well with LLR’s investment focus given its leading position in the pharmaceutical and life sciences market and significant growth potential in less penetrated market sectors. The company is headquartered in Edison, NJ and will be led by LLR Operating Partner Paul Winn as Chairman and interim CEO.

About LLR Partners

LLR Partners, a leading private equity firm based in Philadelphia, Pennsylvania, provides capital to middle market growth companies with proven business models in a broad range of industries including healthcare, financial and business services, information technology and education. With over $1.4 billion under management, LLR is flexible in its approach, taking minority or control positions, and leading transactions ranging from expansion and growth capital to shareholder recapitalizations and buyouts. For more information about LLR, please visit www.llrpartners.com.

About I-many

I-many is a leading provider of contract management software and services for the enterprise. With hundreds of companies across 21 industries worldwide, I-many is enabling businesses to manage the entire contract life cycle, from pre-contract processes and contract management to active compliance, contract optimization, demand channel visibility and control. The result is an end-to-end solution that provides greater levels of insight into contract performance, allowing companies to improve profitability and achieve a measurable return on investment. For more information, please visit www.imany.com.