ALTAIR INVESTMENTS LIVE WITH INDATA FOR ENTERPRISE-WIDE INVESTMENT MANAGEMENT

Selects INDATA SQL-Server Based System
For Seamless Integration; Management of Rapid Growth


SAN DIEGO, CA, November 10, 2003 – INDATAÒ, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that Altair Investments NA, LLC, a New York City based asset management company, is now live with the entire INDATA I.M.S. for Windows system.

By implementing the INDATA system, Altair Investments is now able to perform all front-to-back office needs via one platform. Specifically, The INDATA system provides the firm with the ability to conduct portfolio modeling, pre-trade compliance, all trading functions, custom reporting and CRM tasks, among other features and functions.

Altair Investments selected INDATA after reviewing a number of vendor solutions in the marketplace. “We now have all the tools necessary to run our entire business,” stated Michael Obuchowski, Ph.D. principal of Altair Investments. “As a startup firm, we selected INDATA because they were the only vendor that provided a complete and cost effective package that offered the combination of robust trade order management, compliance, back office accounting, performance & attribution, and CRM in a single package,” continued Obuchowski. “By having a total solution in place,” added Nicholas P. Jones, principal of Altair Investments, “we can streamline the way the firm operates, allowing Altair’s professionals to focus on our primary job, providing better service to our clients.

“Having a complete enterprise-wide solution provides a competitive advantage for investment managers who are just starting their businesses, or for those firms in a rapid growth phase,” commented David Csiki, managing director of INDATA. “We are very pleased to have Altair Investments as a client,” he added.

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