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December 6, 2011

For Immediate Release
Tennant & Russell Matches HP & HIFLEX

(Jacksonville, FL) - Tennant & Russell, LLC, a consulting company specializing in strategic moves for software companies within the printing industry, announced that Hiflex Software GesmbH, its client, was acquired by Hewlett Packard Company (HP), the world’s largest technology company. HIFLEX is a provider of Web-to-Print (W2P) and ERP/MIS software focused on the printing industry. Financial terms of the acquisition were not disclosed.

"We were very pleased to be working with another solid company like HIFLEX", said Tennant & Russell, President James McCarthy. "The acquisition process can be very involved, time consuming and complicated, and we were delighted that we could help move the process very quickly from offer to closure." "HIFLEX has a sophisticated and talented team that will do well going forward with HP", McCarthy went on to say." HIFLEX has many years of experience having developed Management Information System (MIS) software and W2P tools for the printing and graphic arts industries. HIFLEX's customers range from small printing businesses through large multi-site enterprises involved in all aspects of printing, packaging, and mailing.

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