Asset Control appoints two new members to board of directors

London and New York – 7 July 2011

Strengthens management team with proven business leaders and confirms position as leading provider of financial data management solutions

Asset Control, provider of financial data management solutions and services, has announced the appointment of Dean Goodermote and Frank Fanzilli Jr. to its board of directors. Goodermote and Fanzilli complement and strengthen the composition of the board and bring with them additional leadership, operational insight and deep understanding of the challenges facing financial institutions today. The appointments are made with immediate effect.

"I am delighted to be joining Asset Control as it looks to continue its strong organic growth, and bring structure to what has been a confusing area for many," said Mr Fanzilli. "Data management is a frequently undervalued but critically important process that ensures that essential business decisions are based on accurate, accessible and actionable information, and plays an essential role in the development of sustainable and profitable operations. Asset Control has an exciting set of products and services that encapsulate the company’s extensive experience and makes it available to market participants across the board. Its focus on delivering on expectations, successful implementation and customer satisfaction makes it a company I am proud to work with, and I am looking forward to contributing to the company’s future success."

"The twin forces of globalization and liquidity fragmentation are having an explosive effect on the amount of data that market participants must now manage simply to stay in the game," said Mr Goodermote. "The challenge is on for organizations to manage this volume without losing any quality and without costs spiraling out of control. I am thrilled to be joining a company that brings together extensive experience, in-depth knowledge of the data management space and proven technologies to ensure financial institutions receive the right solution in these challenging times."

Mr. Fanzilli was managing director and the chief information officer of Credit Suisse First Boston, and is currently lead director at Calypso, and non-executive director of CommVault Systems, Inc. Previously, he was a non-executive director at PeopleSoft Inc. and Avaya, Inc., and has also held various senior management positions at IBM. Mr Goodermote has taken two software companies through the IPO process on NASDAQ and led three others to successful mergers. He has also held numerous board positions, both public and private, and continues to actively participate in many non-profit ventures.

"We are very excited to have Dean and Frank join us as we look to build the strongest possible management team and further shape our strategic direction," said Phil Lynch, Asset Control's president and chief executive officer. "Dean has considerable operational expertise and an impressive track record of repeat success in building value at software companies, and Frank continues to hold board positions at companies operating in the financial technology space. He brings a great deal of relevant insight into what is important to our clients from both a business and technology standpoint."

Asset Control provides vendor-neutral solutions that enable organizations to aggregate all of their preferred sources of data into one, easily accessible, usable feed. It ensures that risk management, audit, control and compliance systems are fuelled by accurate, accessible and actionable data, helping financial institutions to define their business strategy and reach their long-term business goals. Asset Control's scalable systems and flexible approach allow financial institutions to respond efficiently and easily to customer demands, new regulations and changing market landscapes to increase revenues and create competitive advantage.
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