Hercules Technology Growth Capital Merger Between InfoLogix and Stanley Black & Decker

Hercules Technology Growth Capital, Inc. HTGC, the largest specialty finance company devoted principally to addressing the capital needs of venture capital and private equity-backed companies in the technology, clean technology, and life science industries at all stages of development, today announced that its portfolio company, InfoLogix, Inc. IFLG, a leading provider of enterprise mobile solutions for the healthcare and commercial industries, entered into a definitive merger agreement with Stanley Black & Decker, Inc. SWK. Pursuant to the merger agreement, a wholly-owned subsidiary of Stanley will merge with and into InfoLogix, with InfoLogix surviving the merger as a wholly-owned subsidiary of Stanley. Each outstanding share of InfoLogix common stock will be cancelled and converted automatically into the right to receive $4.75 in cash in a transaction valued at approximately $61.2 million prior to transaction fees, closing costs, and working capital adjustments, and includes the purchase or payoff of substantially all of the debt of InfoLogix. In connection with the merger, and pursuant to a purchase and sale agreement between Stanley and Hercules and a wholly-owned subsidiary of Hercules, which together constitute InfoLogix's majority stockholder and senior lender, Stanley is expected to purchase all of InfoLogix's indebtedness owed to Hercules, pay cash for Hercules' warrant to acquire shares of common stock of InfoLogix, and allow for the ability of Hercules to convert certain obligations currently outstanding into common stock. Pursuant to the merger, Hercules would plan to tender its shares in InfoLogix. The board of directors of InfoLogix, acting upon the recommendation of a special committee consisting of independent members of the board of directors, has unanimously approved and declared advisable the merger agreement and the transactions contemplated thereby. Shortly after execution of the merger agreement, Hercules and a wholly-owned subsidiary of Hercules, which together hold a substantial portion of the voting power of the outstanding shares of InfoLogix common stock, executed a written consent adopting and approving the transaction. No additional stockholder action is required. The merger, which is subject to various closing conditions, including the filing with the Securities and Exchange Commission (SEC) of an Information Statement on Schedule 14C and the distribution of the Information Statement to all of InfoLogix's stockholders, is expected to close early in the first quarter of 2011 although there can be no assurance that the transaction will close, or that it will close within the expected timeframe.