Press Release
Covington Associates Advises on the Acquisition of ArcStream Solutions, Inc. by Keane, Inc.
Boston, MA — April 6, 2005 — Covington Associates LLC, financial advisors to healthcare, technology and consumer/industrial sectors, announced today that it has acted as the exclusive advisor to ArcStream Solutions, Inc., on its sale to Keane, Inc. (NYSE: KEA), a provider of information technology and business process services. The terms of the transaction were not disclosed.

ArcStream Solutions, Inc., based in Watertown, MA, is a business and technology consulting firm that helps companies better serve their customers by improving their sales, service and supply chain performance though mobile and wireless technology. ArcStream's service offerings are a strategic fit with those of Keane, Inc., whose aim is to improve business and information technology effectiveness. The transaction will allow privately-held ArcStream's mobile and wireless solutions to reach a nationwide audience, due to Keane's worldwide presence as a premier IT consulting firm.

Mike Kent, a Vice President at Covington Associates and lead advisor to ArcStream on the transaction, commented "This transaction illustrates the scenario of a company with best-of-breed expertise in advanced technologies that needed to partner with a larger organization to realize its market potential. ArcStream should be able to expand its reach by leveraging Keane's industry-leading brand name, increased scale and marketing support."

About ArcStream Solutions, Inc.
ArcStream Solutions, Inc. helps companies achieve measurable performance improvements by providing services that facilitate real-time data visibility, operational efficiency and enhanced communication. ArcStream primarily serves publishing companies by improving their electronic content publishing performance, but also serves Medical Schools and clients in Pharmaceuticals, Consumer Products/Retail, and Financial Services.

About Covington Associates
Covington Associates is a specialty investment banking firm founded in 1991 serving business service, consumer, industrial, healthcare and technology companies throughout the country. Focused on mergers and acquisitions, debt and equity capital raising, debt and equity restructuring, and strategic advisory assignments for middle market companies, Covington Associates has completed transactions ranging in value from $10 million to over $1 billion for both private and publicly traded companies. To learn more about Covington Associates, visit www.covingtonassociates.com.



Company Contact
Covington Associates
[617] 314-3950
info@covingtonassociates.com