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Kubera Cross-Border (KUBC)

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Friday 04 April, 2008

Kubera Cross-Border

Acquisition by Adayana, Inc.

Kubera Cross-Border Fund Limited
04 April 2008

4 April 2008



                        Kubera Cross-Border Fund Limited

                    Adayana, Inc. acquires VERTEX Solutions


On 31 March 2008, Adayana Inc, ('Adayana') a portfolio company of the Kubera
Cross-Border Fund (LSE/AIM: KUBC), and VERTEX Solutions, a learning-services
consulting firm in Falls Church, Virginia, finalised an agreement to merge.
VERTEX Solutions has become a wholly owned subsidiary of Adayana.


Adayana, a global performance-solutions company based in Minneapolis, Minn.,
serves clients in three vertical markets - the Federal government sector through
VERTEX, agriculture, food, life sciences and non-profit sectors through ABG, and
the automotive aftermarket through Adayana Automotive.  Adayana's comprehensive
performance improvement services include blended learning solutions, content
development, strategic and marketing consulting, technology integration and
channel messaging.


In June 2007, KUBC had acquired a significant minority interest in Adayana for
an equity investment of US$20 million (including the pro rata investment by
affiliates of Kubera Partners, the Investment Manager of KUBC).


The text of the press release from Adayana is provided below.


For more information contact:

Kubera Partners, LLC (Investment manager of Kubera Cross-Border Fund Limited)
Kumar Mahadeva, Managing Partner
Tel no: +1 (212) 295 2400


LCF Edmond de Rothschild Securities Limited (Broker)
Hiroshi Funaki
Tel no: +44 (0) 20 7845 5968


Grant Thornton Corporate Finance (Nominated Adviser)
Philip Secrett, Partner
Tel no: +44 (0) 20 7383 5100





                    Adayana, Inc. Acquires VERTEX Solutions


Expands Base for Global Growth in Government, Commercial and Non-Profit Sectors


WASHINGTON, D.C. Adayana, a global performance-solutions company based in
Minneapolis, Minn., and VERTEX Solutions, a learning-services consulting firm in
Falls Church, Virginia, have finalised an agreement to merge. VERTEX Solutions,
an Adayana company, becomes a wholly owned subsidiary of Adayana, Inc.


Established in 1996, VERTEX develops innovative learning systems and interactive
technology for organizational learning and performance enhancement. The company
has more than 100 employees and currently does business with more than 50
agencies of the U.S. government, including the Departments of State, Defense and
Homeland Security.


'VERTEX has a well-earned, highly respected reputation in the Federal government
sector,' said Mike Jackson, COO, Adayana. 'Its vertical-market focus and
results-oriented approach to individual and organizational development is highly
complementary with Adayana's global strategy.'


This is the second time in three years that Adayana has successfully merged with
and integrated a vertical-market learning-services and performance-improvement
company. Adayana and Indianapolis-based ABG, Inc., a leading learning and
performance-solutions company in the agriculture, food and life sciences
sectors, merged in 2005.


'Becoming an Adayana company provides VERTEX with a stronger capital base and
greater opportunity for global growth,' said Jeff Kidwell, who remains president
of VERTEX. 'Previous collaboration with Adayana has been extremely beneficial
for our clients and our organization. Joining Adayana presents more
opportunities to expand our services, develop and attract employees and
accelerate our growth.'


With the VERTEX acquisition, Adayana will have more than 250 employees in 12
U.S. locations and India. The company serves clients in three vertical markets -
the Federal government sector through VERTEX; agriculture, food, life sciences
and non-profit sectors through ABG, and the automotive aftermarket through
Adayana Automotive. Adayana's comprehensive performance improvement services
include blended learning solutions, content development, strategic and marketing
consulting, technology integration and channel messaging.


                      This information is provided by RNS
            The company news service from the London Stock Exchange