SOURCE: Pacific Crest Securities

Pacific Crest Securities

May 12, 2011 14:31 ET

Pacific Crest Securities Expands Presence in China Through Acquisition

Pacific Crest Securities, the Leading Technology Investment Bank, Announces Purchase of Shanghai-Based Investment Research Firm Pacific Epoch

PORTLAND, OR--(Marketwire - May 12, 2011) - Pacific Crest Securities, the leading technology investment bank, today announced that it has acquired certain assets of Pacific Epoch, an investment research company specializing in China's technology sectors and companies.

"Technology has truly become a global industry, making China and the surrounding regions extremely important to our overall growth strategy. The acquisition of Pacific Epoch, combined with our current offices in Beijing and Taiwan, gives Pacific Crest an unmatched footprint in this dynamic growth market, allowing us to offer differentiated data and analysis to our institutional clients exploring investments in the region," said Scott Sandbo, Chairman and CEO of Pacific Crest Securities.

Pacific Epoch's on-the-ground surveys, proprietary data collection and analysis of the technology market provide a unique and predictive view of trends impacting companies and sectors in the region. The combination of Pacific Epoch's on-the-ground capabilities and Pacific Crest Securities' expertise in technology research will result in unmatched proprietary insight to China's key technology trends. Pacific Epoch was founded in 2006 and has over 40 employees in its Shanghai office.

The market for Chinese technology companies continues to grow at a phenomenal rate. According to recent reports, in 2007, there were 52 Chinese technology companies with $1 billion plus in market capitalization -- in 2010, there were more than 100. Additionally, 19 of 2010's 61 technology company IPOs occurred in China.

"We have covered China's technology industry for nearly ten years and participated in many of the country's most notable technology IPO's including Alibaba.com, ChinaCache and AutoNavi, raising more than $3.2 billion for leading technology companies. Pacific Epoch furthers our presence in China at a time of growing demand from institutional investors. This acquisition enhances Pacific Crest's leadership role in global technology research and investment banking," added Sandbo.

About Pacific Crest Securities

Pacific Crest Securities, the leading technology investment bank, provides equity research, institutional sales and trading, third party research, M&A advisory, and public and private financings. The firm's highly focused and collaborative approach gives it an unparalleled depth of knowledge and unique ability to identify key emerging technology trends for the largest institutional investors, venture capitalists and technology companies worldwide. Pacific Crest Securities' research and sales teams have consistently received top rankings for technology in numerous industry surveys. Headquartered in the United States, Pacific Crest has offices in Boston, New York, Portland, San Francisco, Stamford, as well as Beijing and Taipei. For more information about Pacific Crest Securities, go to: www.pacific-crest.com.

About Pacific Epoch

Pacific Epoch is a trusted source of China investment research for institutional, private equity, and corporate clients. By combining proprietary data collection with on-the-ground surveys and expert analysis of government policy, Pacific Epoch provides partners with a more objective and predictive view of investment opportunities in China. Founded in 2006 by a group with deep industry and diplomatic experience in China, Pacific Epoch was created to meet the growing and unmet demand for accurate information about the fundamental drivers behind China's key sectors and companies. Pacific Epoch covers technology and media sectors along with a China macro product. Pacific Epoch is headquartered in Shanghai with offices in the US and Hong Kong. For more information about Pacific Epoch, go to: www.pacificepoch.com.

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