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Information Mosaic acquires creators of eVent

London - September 6 2004 - Information Mosaic, a leading provider of corporate actions automation software and middle and back office applications, today announced that the creators of the corporate action solution eVent, have joined forces with Information Mosaic.

"As an organisation we place great emphasis on successful client implementations and ensuring that each customer's individual goals are achieved. Delivering global solutions within timeframes has enabled us to establish key relationships with our global clients. We are already recognised as product leaders with our corporate actions solution CAMA(tm). By acquiring additional business know-how and consulting skills, we will be adding considerable depth to our team." said John Byrne, CEO of Information Mosaic. "The market has recognised the value of automating corporate actions processing and are looking to vendors who have repeatedly succeeded in delivering projects. We are now in a position to lead this market."

David Baxter and Paul Fitzgerald, have between them over forty years of combined securities operations expertise and were responsible for the creation of the corporate actions solution eVent in April 2000.

Speaking on the move to Information Mosaic, Baxter said "adding our knowledge and experience to an already winning team that has a reputation for success will ensure that, in terms of strength-in-depth of team, IM has the greatest level of expertise within the global corporate actions market".

FitzGerald continues, "Information Mosaic has an excellent corporate actions solution in CAMA(tm). Crucially however they also have an implementation team that has proven its ability to deliver successful global corporate action projects where others have failed. We are delighted to be joining the UK team and being part of the future success of the company", enthused FitzGerald.