GCom is a leading provider of proprietary financial administration and reporting software and solutions to the global investment management industry. The Company expects the transaction to close during the first quarter and to be accretive to its 2008 results. The transaction is subject to the satisfaction of customary closing conditions.

Dave Shea, Bowne Chairman and Chief Executive Officer, stated, "This strategic acquisition enhances our capabilities to provide innovative shareholder communication services to the growing investment management industry. As reporting requirements become increasingly complex, customers require more sophisticated expertise and technology, and GCom is a natural fit with our existing business. Importantly, this acquisition supports our strategy to grow our non-transactional revenue, a key area of focus for us.

"The market size for all of Bowne's services in the investment management industry - comprising both traditional asset management firms as well as alternative investment firms such as hedge funds and private equity firms - continues to grow, representing a market size of over $1 billion, and therefore presents a significant opportunity for Bowne. The addition of GCom's investment fund customers and third party fund administrators worldwide will expand Bowne's investment management client base significantly. Additionally, through GCom's leading edge technology solutions, Bowne will be able to offer its clients complementary services, providing value further upstream in the document management life cycle."

"We see a significant international growth opportunity, particularly in Europe, where more than 50% of global registered mutual funds reside. GCom's technology, combined with our existing capabilities, clearly provides Bowne with a competitive advantage," added Bill Penders, Bowne President. "Fund complexes already represent a significant portion of our client base, and this acquisition extends our reach into the hedge fund industry, which has experienced tremendous growth over the past ten years."

With estimated annual revenue of approximately $25-$30 million, GCom offers a robust, innovative suite of scalable software products that provide investment administrators easy-to-use, intuitive solutions, offering significant cost savings, while addressing their reporting and shareholder communication challenges. GCom's flagship product, FundSuite SX®, converts raw financial data into effective communications, reports and filings, and its unmatched features and functionality reflect GCom's in-depth understanding of challenges facing fund administrators. GCom operates in the United States, the United Kingdom, Ireland and Luxembourg.

"GCom has differentiated itself in the marketplace by providing services and solutions based upon leading edge technology, built around integrated input from the investment management industry itself and GCom's close relationship with its clients," said Philip J. Kendall, GCom's Chairman and Chief Executive Officer. "The synergistic aspects of this acquisition by Bowne will further enhance this approach and accelerate its leadership position in the marketplace."