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Asteron renews Composer contract with InfoComp

Contract renewals reinforce Composer as the leading software platform for funds administration

SYDNEY, August 3, 2004: Australian-owned software developer, InfoComp, today announces the renewal of its Composer contract with valued customer Asteron.

The Asteron contract renewal reinforces Composer's position as Australia's leading software platform for funds administration.

Robert DeDominicis, Chief Executive Officer of InfoComp said, "Since its launch in 1999, Composer has performed above and beyond expectations for all its users".

"We are dedicated to continually improving Composer in conjunction with our clients. It is critical to our business model and we are proud of the relationships that we have formed with our clients so it's very rewarding for us to be able to make announcements such as these."

Asteron was InfoComp's first Composer customer when Connelly Temple implemented the funds administration platform in 1999. Renewing the Composer contract is testimony to the importance of Composer to Asteron's strategic plans. Asteron use several legacy systems running superannuation and investment products throughout Australia and New Zealand.

Andrew Alcock, General Manager of Wealth Management at Asteron said, "For both our ongoing business operations and our future product directions, InfoComp and Composer remain an integral part of Asteron's strategic plans."

Robert DeDominicis concluded, "InfoComp has always maintained a strong commitment to its customers and, in turn, this commitment is repaid by Asteron. As such, more Australian and international organisations are showing increased interest in Composer as a sophisticated and affordable platform."