Xchange Technology Group Announces Largest Global Expansion To Date With Acquisition of Hamilton Rentals in UK

Raleigh, North Carolina - Jan 4, 2011 – Xchange Technology Group, a global leader in IT asset and technology lifecycle management, announced today that it has acquired Hamilton Rentals Limited, a UK based business providing unrivalled flexibility in IT demo and short-term rental solutions. The all-share purchase will create one of the world’s largest short-term IT businesses through XTG’s global footprint of 19 facilities in 8 countries.

“The addition of Hamilton Rentals will significantly enhance XTG’s value proposition to our partners - both customers and vendors. Our ability to provide solutions at a global level is greatly enhanced.” commented Jeff McFarlane, President and CEO of Xchange Technology Group. “Prior to the acquisition, XTG through its operating units, has led the North American market in demo and short-term rental solutions. The addition of Hamilton Rentals instantly positions XTG as the only short-term IT rental company with global reach. This acquisition also adds real expertise in the Unix server market.” McFarlane added.

“The combination of XTG and Hamilton Rentals is extremely exciting. Both companies are acknowledged as clear market leaders in their respective geographies; and the new organization has massive market presence and recognition from day one.” commented Martin O’Connor, Managing Director of Hamilton Rentals. “There are a number of cross-selling opportunities and benefits of scale that will have an impact immediately, as well as mid-term expansion for EMEA region and beyond. The management team at Hamilton Rentals is very enthusiastic about the new opportunities afforded by this acquisition.” O’Connor added.

Hamilton Rentals Chairman John Unsworth commented, “This is excellent news for both companies’ staff, customers and trading partners. The combination of expertise, market coverage and scale will produce unparalleled global capabilities in short-term technology solutions.” Unsworth added, “There is an excellent cultural fit between the two organizations at all levels; and I firmly believe that we are very well positioned for significant growth.”