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Brook Venture Closes Acquisition of Software Unlimited

Brook acquires Software Unlimited, a leading provider of Healthcare IT solutions to small physician practices

Wakefield, MA–January 21, 2011 – Brook Venture Partners announced today that it has recently closed on the acquisition of Software Unlimited, Inc., a Maryland-based provider of Electronic Medical Record (EMR) and Practice Management software to small and mid-sized physician practices. Terms of the deal were not disclosed.

Software Unlimited has a more than 20 year track record of providing integrated Healthcare IT (HIT) solutions and a high level of service and support to over 3,500 doctors primarily in the US Mid-Atlantic region. The company provides an integrated EMR and Practice Management suite which enables physicians to cost effectively automate their patient records, scheduling, billing and patient registration.

“We have reviewed many investment opportunities in the EMR and Practice Management space over the past 2 years and felt this was the right time and the right management team” commented Walter Beinecke, a General Partner of Brook Venture Partners. “This investment complements our other other HIT investments, and leverages the positive experiences and results we have achieved in this vertical.”

“Software Unlimited is positioned to help our clients capitalize on the rapid migration toward electronic medical record keeping that will enhance their patient care and revenues. In addition, our clients will be able take full advantage of the federal stimulus monies available to support the implementation and use of electronic record keeping”, stated CEO Jim Milligan. “This is a tremendous time for us to facilitate growth and change, as the majority of our practice management customers do not have electronic health records.”

About Software Unlimited

Software Unlimited, Inc., located in Pikeville MD, is a privately held company founded in 1984. The Company provides a suite of world-class Healthcare IT solutions including PrognoCIS, an Electronic Medical Record solution; and Medical Mastermind, an integrated Practice Management system to small and mid-sized physician practices in the US.

About Brook Venture Partners

Brook Venture Partners provides expansion stage capital through Brook Venture Fund I, Brook Venture Fund II and Brook Co-Investment Funds I, II, and III to Information Technology and Medical Technology companies located in the Northeastern United States. The firm focuses on investments of $5-$10 million and specializes in both financing and providing the strategic and planning support necessary to rapidly scale and accelerate sales and marketing activities. Brook is headquartered outside Boston in Wakefield, MA. For more information, call 781-295-4000 or visit.

January 21, 2011