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SYNDERA ANNOUNCES GENERAL AVAILABILITY OF SYNDERA OPERATIONAL INTELLIGENCE SUITE 2.4

Significant Product Release Extends Market Leadership in Capital Markets

TowerGroup 2006 Financial Services Business & Technology Conference & Exhibition, BOSTON, MA., June 1, 2006 – Syndera Corporation, the leading provider of operational intelligence solutions to Wall Street banks, today announced the general availability of Syndera Operational Intelligence Suite, version 2.4 (Syndera 2.4). This new release empowers employees and their managers to monitor, analyze and act on operational events within key business processes with its improved performance and enhanced end-user flexibility.

“As the degree of trade automation increases, technology solutions that supply operational intelligence from streaming events will become a competitive necessity." said Tom Price, Senior Analyst, Securities and Capital Markets, TowerGroup.

Some of the world's largest capital markets companies, in Fixed Income, Foreign Exchange and Equities, are using the Syndera Operational Intelligence Suite to monitor trade metrics and events as they occur in real-time to gain insight into their trading business in various markets enabling them to proactively engage in the best trading strategies for their business and clients. Syndera provides its clients with the operational intelligence tools necessary in today’s competitive financial markets to monitor, analyze, and act in a proactive way to trade more profitably, increase levels of customer service, and stay ahead of their competition. Syndera enables trading desks to see specific orders as they occur, understand if the process is performing quickly enough to win business, and execute in a manner to mitigate threats and assure profitable trades.

“We witness a growing interest in operational intelligence solutions across our financial services clients as they seek to reduce risk, increase revenues, and gain competitive advantage in an increasingly automated and fast-paced business environment,” commented Peter Horowitz, Managing Director, Financial Services, BearingPoint. “Syndera has a financial services focus with established and innovative solution capabilities and high quality end-user dashboards, which can address the needs of today’s automated and fast paced-environment.”

Syndera 2.4 enables more events (e.g. trades, quotes, etc.) per second to be processed, thereby enabling employees to make better decisions faster. In addition, this release provides even-greater flexibility to the end-user in managing their monitoring environment by enabling them to define their business days and reset metric values when one business day rolls over into the next. Furthermore, users can transparently login into Syndera from their portal or other applications without having to re-enter their login credentials enabling them to seamlessly move between applications with the critical intelligence they need.

The Syndera Operational Intelligence Suite enables organizations to empower employees and their managers to monitor, analyze, and act on operational events within key business processes. It provides context-specific, actionable intelligence delivered to business, operations, and IT users in real-time. The Syndera Operational Intelligence Suite includes a flexible and customizable dashboard that provides real-time, end-to-end visibility of automated processes; a powerful correlation engine that continuously collects events and computes metrics, alerts and key performance indicators within a content repository that allows users to model information to meet their exact business requirements. The Syndera Operational Intelligence Suite is often considered in the context of Business Activity Monitoring.

According to Bill Gassman, Research Director at Gartner, "The reasons for deploying Business Activity Monitoring (BAM) are to monitor key business metrics, anticipate operational risks and reduce the time between a material event and taking effective action. This can improve productivity for those responsible for business processes, along with those managing the supporting operations and IT infrastructure."

With the Syndera Operational Intelligence Suite, companies are better equipped to respond to opportunities and threats as they occur resulting in reduced risk, greater customer satisfaction, and increased revenues.