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CAM Commerce Announces Stockholder Approval of Merger Agreement and Completion of Acquisition by Affiliate of Great Hill Partners

SOURCE:

CAM Commerce Solutions, Inc.

2008-08-14 18:39:00

FOUNTAIN VALLEY, CA–(EMWNews – August 14, 2008) – CAM Commerce Solutions, Inc. (“CAM

Commerce”) (NASDAQ: CADA), a leading provider of highly integrated

retailing and payment processing solutions for small to medium size

traditional and eCommerce businesses, announced today the completion of its

acquisition by an affiliate of Great Hill Partners, LLC (“GHP”), a leading

private equity investment firm.

At a special meeting of stockholders held today, CAM Commerce stockholders

adopted an Agreement and Plan of Merger, dated as of June 9, 2008, by and

among CAM Commerce, Vegas Holding Corp. (“Parent”), and Vegas Merger Sub

Inc. (“Merger Sub”). Parent and Merger Sub are affiliates of GHP. The

merger agreement was adopted by stockholders representing 3,058,046 shares,

or approximately 98% of shares voted and approximately 74% of shares

outstanding.

In accordance with the merger agreement, Merger Sub was merged with and

into CAM Commerce, with CAM Commerce continuing as the surviving

corporation in the merger and now a wholly-owned subsidiary of Parent. The

current CAM Commerce senior management team, led by Geoffrey Knapp, the

Chief Executive Officer of CAM Commerce, will continue to operate the

business.

CAM Commerce stockholders as of the effective time of the merger are

entitled to receive $40.50 for each share of CAM Commerce common stock

owned by them. Stockholders who hold shares through a bank or broker will

not have to take any action to have their shares converted into cash, since

these conversions will be handled by the bank or broker. Stockholders who

hold stock certificates can exchange their certificates for $40.50 per

share in cash, without interest, through CAM Commerce’s transfer agent and

the paying agent for the merger, American Stock Transfer & Trust Company.

American Stock Transfer & Trust Company will be mailing out instructions to

registered stockholders in the next several days regarding specific actions

they will need to take to exchange their shares for the cash consideration.

As a result of the completion of the merger, CAM Commerce common stock will

no longer be traded on the Nasdaq Global Market.

About CAM Commerce

CAM Commerce designs, develops, markets, installs and services highly

integrated retailing and payment processing solutions for small to medium

size traditional and eCommerce businesses based on the company’s open

architecture software. These integrated solutions include credit and debit

card processing, inventory management, point of sale, accounting, Internet

sales, gift card and customer loyalty programs, and extensive management

reporting. You can visit CAM Commerce at www.camcommerce.com.

About GHP

GHP is a private equity firm that manages over $2.5 billion in capital to

finance the expansion, recapitalization or acquisition of growth companies

in a wide range of sectors within the business and consumer services,

media, communications and software industries. For more information, please

visit www.greathillpartners.com.

Investor Relations Contact:

CAM Commerce Solutions
Investor Relations
Paul Caceres

(714) 241-9241

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