PALISADES INVESTMENT PARTNERS SELECTS INDATA FOR ENTERPRISE INVESTMENT MANAGEMENT SOLUTION

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

SAN DIEGO, CA, May 11, 2004 – INDATAÒ, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that Palisades Investment Partners, LLC based in Santa Monica, CA is now live with the INDATA I.M.S. for Windows system.

"After performing intensive due diligence on a number of vendors of both in-house and ASP solutions, we selected INDATA because they offered a platform that was more robust from an institutional standpoint for functions such as portfolio modeling, reporting & analytics, compliance, and trade order management," commented Quinn R. Stills, Chairman & Chief Investment Officer. "In addition, we felt that an in-house solution was more advantageous to our business in the long term, offering our firm much more control and flexibility in terms of accessing and manipulating data for future applications and client customization," he added.

"For firms looking for robust 'best of class' functionality in the front office combined with back office integration and open system architecture, I.M.S. for Windows offers a very compelling solution," commented David Csiki, Managing Director of INDATA. "We are very pleased to add Palisades Investment Partners to our fast growing list of clients," he added.

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