STRALEM & COMPANY SELECTS INDATA FOR ENTERPRISE-WIDE STP SOLUTION

Firm Live with I.M.S. for Windows System

SAN DIEGO, CA, -- January 6, 2004 – INDATAÒ, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that Stralem & Company Inc. based in New York City, has gone live with I.M.S. for Windows®, INDATA’s enterprise-wide STP solution.

INDATA was selected after a comprehensive review of systems in the marketplace including Advent Software, and Financial Models (FMC), among others to replace a combination of in-house and custodial systems.

"We selected INDATA because they combined the latest technology with comprehensive functionality at a reasonable cost," commented Philippe Labaune, Vice President. "We were very pleased with the responsiveness of the INDATA team during our conversion," he added.

The INDATA I.M.S. for Windows system consists of functional modules for portfolio management and reporting, trade order management, performance measurement & attribution, web-enabled CRM, and billing. Implementation of the system provides buy-side firms with internal and external straight-through processing (STP) capabilities through a common Microsoft SQL Server database platform and open system architecture.

"Firm’s like Stralem & Company understand the importance of deploying the latest technology today to accommodate future growth," commented David Csiki, INDATA’s Managing Director. "We welcome them as an INDATA client," Csiki added.

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