Xenomorph first to market with Microsoft .NET data management and analysis suite

London, 22 May 2003 - Xenomorph today announced the launch of TimeScape, a new enterprise-capable data management and analysis suite for the financial markets based on the XML Web services technology of the Microsoft .NET Framework.

TimeScape unites data management, systems connectivity and scaleable pricing
analysis of derivative and fixed income portfolios, delivering a single view
through time of all asset classes. TimeScape brings a new dimension to data
management solutions: increasing the efficiency of both front and back-office data management; providing a foundation for straight through processing; and addressing key risk management issues such as the introduction of Basel II.

Xenomorph's usage of the XML Web services technology found within the .NET
Framework will set new standards in data management for high performance,
rapid application development and low total cost of ownership. Using
technologies such as server clustering, TimeScape fully leverages the price/performance gains now being delivered by Microsoft and Intel against
older UNIX technologies.

David Slight, Financial Services Industry Manager, Microsoft, says: "The
consolidation and management of data is a huge challenge facing the
financial markets industry. In a complex environment where data is stored,
accessed and delivered in many different ways, financial institutions need
to be able to pull all this data together, and have the capability to
manipulate it, quickly and simply. This is where web services and XML
technology are ideal. With Timescape, Xenomorph takes advantage of the .NET
Framework to provide this connectivity and deliver the tools required by
financial markets professionals to control, analyse and manage data
effectively."

Brian Sentance, Managing Director, Xenomorph, says: "TimeScape extends the
scope of data management to encompass the management of derived data, to
fully leverage our client's existing systems and data sources, and to enable
our clients to bring new financial products and ideas to market faster than
the competition. Xenomorph's data management expertise, together with the
Web services technology of the Microsoft .NET Framework, form the
technological foundation for our clients to achieve these goals more rapidly
than ever before."

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