Phoenix Data Systems, Inc.

Crosstree Capital Partners advised Phoenix Data Systems in it's sale to Bio-Imaging Technologies, Inc. (now BioClinica) marking the first acquisition to merge bio-imaging with EDC.

Please direct inquiries to:

Shane C. Senior, CFA

Managing Director

Crosstree Capital Partners, Inc.

(813) 774-4755

All securities activities for this transaction were conducted by our affiliate, Crosstree Capital Securities LLC, a registered SEC broker-dealer and member of FINRA and SIPC.