NEWGATE LLP SELECTS INDATA FOR ENTERPRISE INVESTMENT MANAGEMENT SOLUTION

Firm live with the entire I.M.S. for Windows product suite

SAN DIEGO, CA, February 10, 2004 – INDATAÒ, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that Newgate LLP, based in Greenwich, CT is now live with the INDATA I.M.S. for Windows system.

"We selected INDATA because they offered superior technology and a streamlined systems architecture allowing us increased flexibility and greater operational efficiency than was available from the other vendor solutions we reviewed," commented Dr. Sonia Rosenbaum, Founding Partner. "This flexibility, combined with robust, easy-to-use functionality on the trade order management side for handling international securities was also a deciding factor. Its straight through processing was also key," she added.

"Firms like Newgate LLP understand the importance of investing in the latest technology today to harness operational efficiency and achieve STP," commented David Csiki, Managing Director of INDATA. "We are very pleased to add Newgate to our fast growing list of clients," he added.

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