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Rhyme Systems widens business with first distribution contract

London 12th January 2005: Rhyme Systems today announces it has signed a contract to distribute Delve Reporting with its Quasar software and other products.

Delve Reporting is an advanced application designed to save asset managers time and effort by delivering the best online client access in the investment management industry. The software also provides numerous delivery options such as customer emails, full valuation packs and Excel files. Delve Reporting will now allow Rhyme Systems to provide a reporting and business intelligence offering to rival generic reporting providers such as Actuate and Business Objects.

Rhyme Systems specialises in helping UK and international investment firms unlock the hidden value of the back-office.

Jonty Hurwitz, director of Delve Reporting, said: "This is an excellent opportunity to provide clients with ways of decreasing the cost of client reporting by up to 40 per cent, without the need to adapt existing ways of working."

Steve Young, director of Rhyme Systems, said: "This is an exciting time for Rhyme in terms of business development. We are investing in new business areas to meet market demands and provide our clients with a new generation of fully integrated products."