FOR IMMEDIATE RELEASE

LMC Capital Names Patrick Vaughn Managing Director

Charlotte, North Carolina, January 8, 2008 – Patrick Vaughn has joined LMC Capital LLC as a managing director. He will lead LMC’s M&A practice for insurance technology and services companies.

Previously, Mr. Vaughn was a managing director at Triarch Partners, a Charlotte, NC boutique investment bank, where he led the firm’s technology M&A practice.  Prior to Triarch, he was president and CEO of Market Velocity, Inc., a technology services company formed by the merger of Atlanta-based TradeUps and Charlotte-based MoonBuzz, Inc. (founded by Mr. Vaughn in 1999).

Patrick began his career as a management consultant at Andersen Consulting (now Accenture). After attending business school, he worked five years in the Corporate and Investment Bank at NationsBank (now Bank of America). He later held senior business development positions at Broadway & Seymour and Pegasystems, both Nasdaq-traded financial services software vendors, before starting MoonBuzz, Inc.

He holds a Bachelor of Science degree in Mathematics and Computer Science from the University of North Carolina at Chapel Hill and a Master of Business Administration from the University of Michigan.

According to F. Laughton Sherman, Managing Director of LMC Capital LLC, “We are fortunate to have a person with Patrick’s depth of experience and achievements to accept a senior position with our firm.  His knowledge of the technology sector will have an immediate impact on our ability to provide unsurpassed M&A services to our insurance technology clients.  His transaction management skills will also be an invaluable asset to LMC as we serve domestic and international insurance industry clients.”

LMC Managing Director Walter Sherman also added, “Patrick has twenty years of highly successful investment banking and corporate management experience.  His track record speaks for itself and we are pleased to have him as a key member of the LMC team going forward.”

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