The ComVest Group is pleased to announce that Gary E Jaggard has assumed the responsibilities as Fund Manager for ComVest Capital, LLC. Larry Lenig, Jr., former Fund Manager, will continue to serve as Vice Chairman of the ComVest Capital Investment Committee, but will now be dedicating a majority of his time to the newly formed ComVest Investment Partners III private equity fund. Mr. Lenig will continue to work with ComVest Capital’s existing portfolio companies and assist the ComVest Capital team in structuring and evaluating new and existing portfolio companies as required.

The ComVest Group continues to originate substantial deal flow in its target market of small to medium size growth oriented companies. Gary Jaggard’s extensive lending and managerial experience greatly strengthens the ComVest Capital team’s infrastructure to support its growing secured loan portfolio. We are delighted to have Gary join our team in this leadership role, said ComVest Group Chairman, Michael S. Falk.

Mr. Jaggard joined ComVest in March 2007 and has been in the financial services business for over 30 years building portfolios for large financial institutions such as GE Capital, Merrill Lynch, US Bank and Southeast Bank. Prior to joining ComVest, he was President of Presidential Financial Corporation of Florida, an asset based lending company. He has a solid background in administration, credit, and origination. Mr. Jaggard will continue to build a solid portfolio for ComVest Capital and its investors.

About ComVest
The ComVest Group is a leading Private Equity firm focused on investing in middle-market companies. Since 1988 ComVest has invested more than $2 billion of capital in over 200 public and private companies worldwide. Through our extensive financial resources and broad network of industry experts, we are able to offer our companies total financial sponsorship, critical strategic support, and business development assistance. Our focus is centered on building industry leading companies and creating long term value for equity holders. For more information on ComVest, visit www.comvest.com.