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SmartStream enters B.I.S.S. 2006 Corporate Actions Benchmarking

London, UK June 19th 2006 – CityCompass Research, the leading independent Research company in the financial services sector, today announced SmartStream has entered their corporate actions system into the 2006 B.I.S.S. benchmarking. SmartStream Technologies is the latest vendor to push for B.I.S.S. accreditation and prove their products functionality.

Gary Wright, Managing Director, CityCompass Research and creator of the unique business benchmarking concept said “This is terrific news for B.I.S.S. CA 2006 and we heartily welcome SmartStream into the benchmarking tests. SmartStream could only partially enter the process in 2005 due to the extensive development of their new product. Nonetheless their product performed extremely well last year and we expect their system will be even better this year and the B.I.S.S. benchmarking will showcase their development efforts perfectly”

Steve Miller, Senior Product Manager, SmartStream Technologies said, “As a leader in the Corporate Actions marketplace, we are delighted to be involved in this year’s B.I.S.S. Corporate Actions benchmarking survey. Our results were very positive last year and we are looking to improve on them even further this year. In the past 12 months we have made a number of improvements to ensure that TLM® Corporate Actions supports the complete event management lifecycle and provides a single scalable application that delivers control and accountability to all parties. Implementations in every major timezone prove the solution’s global capability and we believe that it remains significantly ahead of the competition”.