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CIBC World Markets Corp. Recognizes Enterprise Data Management (EDM) as Top Priority and Licenses the GoldenSource™ Solution

CIBC World Markets Corp. selects GoldenSource to handle centralized customer and counterparty data for improved regulatory compliance

NEW YORK – February 14, 2006 – GoldenSource Corporation, a global software provider of EDM solutions for financial institutions worldwide, today announced that CIBC World Markets has licensed the GoldenSource Customers and Counterparties solution for its US institutional business. CIBC World Markets selected GoldenSource as the central data maintenance and storage application to support the firm’s Know Your Client and Anti-Money Laundering compliance capabilities.

GoldenSource will implement the unique business process CIBC World Markets has defined for managing how new accounts are created; corporate background and due diligence checks are researched; and how supporting legal agreements are captured and stored. Background data will be automatically requested from a third party research vendor and logged and recorded upon receipt from the vendor. CIBC World Markets will now benefit from real-time access to PDF versions of legal agreements from within the GoldenSource Customers and Counterparties solution.

A major factor in CIBC World Markets’ selection of GoldenSource is the ability of the GoldenSource Customers and Counterparties solution to support the bank’s proprietary risk scheme that assigns a risk rating to each CIBC World Markets’ client and their associated accounts. CIBC World Markets’ proprietary risk algorithm will also be utilized to manage account documentation renewal. Based on this risk rating, the GoldenSource solution will automatically prioritize client accounts and the associated documentation and produce a daily list of accounts which must be re-assessed and undergo document and compliance review.

“The year ahead will prove to be a challenging time for financial institutions as regulation and data management become top priorities on most agendas. Banks will need to seriously consider the inclusion of an EDM strategy as a vital component of their firm wide business plans in 2006 and beyond,” Mike Meriton, President and CEO, GoldenSource commented. “We are delighted to be working with CIBC World Markets, a forward looking firm that recognizes the competitive position that an EDM strategy can deliver.”

CIBC World Markets is also integrating services provided by Cicada. In addition to providing entity source data to CIBC World Markets through its distribution agreement with CounterpartyLink, Cicada is providing additional data customized to CIBC World Markets’ requirements, as well as financial and AML-related document research and sourcing. This data will be passed to the GoldenSource solution, managed through a series of review and approval steps and ultimately stored within the GoldenSource Customers and Counterparties solution.