CherryRoad Technologies is pleased to announce the sale of our federal practice, CherryRoad GT Inc., to CRG Holding Corp., a subsidiary of The Veritas Capital Fund III. This transaction does not affect the public and commercial clients we serve as we have always operated as a separate, stand-alone entity from CherryRoad GT.

CherryRoad Technologies will continue to focus on our core strength the implementations and upgrades of packaged software solutions. The successes and growth we have previously enjoyed in this space continue today, as evidenced by several new customer engagements, including the City of Raleigh, NC and Hennepin County, MN. In addition, CherryRoad Technologies was recently honored with the 2008 Oracle Titan Award for PeopleSoft Enterprise Solutions.

“The sale of our government practice represents a great opportunity for CherryRoad Technologies to strengthen and grow our portfolio of enterprise software integration offerings.” states Jeremy Gulban, President and COO. Just one example of CherryRoad Technologies commitment to expanding our primary line of business is the recent roll out of our new Solutions Center. This new state-of-the-art resource delivers high-quality solutions at aggressive rate structures to meet the dynamic needs of an even broader client base. Several commercial and public sector customers have already tapped into the expertise offered through the CherryRoad Technologies’ Solutions Center.

About CherryRoad Technologies Inc.

CherryRoad Technologies Inc. provides comprehensive systems integration and consulting services that maximize enterprise performance for the public and commercial sectors. With headquarters in Parsippany, N.J. and offices across the U.S., CherryRoad has earned a solid reputation for combining our technology, organizational, functional, and vertical market expertise into practical solutions that deliver results. Our flexible approach and methodologies enable us to structure engagements to best meet our clients’ specific needs. We are particularly proud of our high customer retention rate. When asked why they keep calling us back, a common thread ran through all our clients’ answers. It all comes down to our people. CherryRoad Technologies employs only seasoned professionals who stay focused on the client’s business issues and consistently perform to exceed expectations. In short, we do what it takes to get the job done on time and on budget.