News

Conshohocken, PA - January 28, 2008 - Alliance Consulting, a premier global provider of Information Management, Systems Integration and Application Solutions, today announced that it has received the internationally recognized Statement on Auditing Standards (SAS) 70 Type ll assessment for its development centers in Hyderabad and Bangalore, India. The achievement further expands Alliance's record of quality and information security certifications for its operations.

SAS 70 for Service Organizations is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A successful SAS 70 Type ll audit report represents that a service organization has been through an in-depth audit of its control activities by an independent auditor. They examination includes design assessments and operating effectiveness of Alliance's infrastructure, physical and logical security, maintenance and change management procedures.

"The SAS 70 audit report assures our clients that our processes and controls meet high standards and ensures the security and reliability of the services and application systems we manage" said Anthony Ibarguen, President and CEO of Alliance Consulting. "Achieving SAS 70 further demonstrates Alliance's reputation in the industry as a top-level accredited information technology company dedicated to giving our clients superior quality."

All Alliance's operations in India are now ISO9001:2000 and SAS 70 Type ll certified. In addition, the company's Global Delivery Center in Hyderabad achieved the SEI SW CMM Level 5 in 2004.

About Alliance Consulting
Alliance Consulting delivers IT consulting and software solutions to targeted clients worldwide. Alliance Consulting's solutions encompass strategic IT and business intelligence consulting, custom application development and packaged software integration, data warehouse integration and application management outsourcing. Alliance Consulting is a partner company of Safeguard Scientifics, Inc. For more information, please visit www.allianceglobalservices.com .

About Safeguard Scientifics
Safeguard Scientifics, Inc. (NYSE: SFE), a holding company, builds value in growth-stage technology and life sciences businesses. Safeguard provides growth capital as well as a range of strategic, operational and management resources to its partner companies. Safeguard participates in growth buyout financings, including corporate spin-outs and management buyouts, expansion financings, industry consolidations and early-stage financings. For more information, please visit www.safeguard.com .

Forward-Looking and Cautionary Statements Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties. These forward-looking statements that could cause actual results to differ materially, include, among others, managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, the ability to execute against business strategy, the uncertainty of the future performance, acquisitions and dispositions of companies, the inability to manage growth, compliance with government regulations and legal liabilities, additional financing requirements, labor disputes, and the effect of economic conditions, and other uncertainties described in Safeguard's filings with the Securities and Exchange Commission. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. Neither Safeguard nor the Company assume any obligation to update any forward-looking statements or other information contained in this press release.

NOTE TO EDITORS: Safeguard is a service mark of Safeguard Scientifics, Inc.