CLEARWATER ASSET MANAGEMENT LIVE WITH INDATA FRONT TO BACK OFFICE SOLUTION; SELECTS INDATA OVER ADVENT TO ACCOMMODATE GROWTH

Firm Live with OMS, Compliance, Portfolio Management, and Reporting, among others via the entire INDATA I.M.S. Product Suite

SAN DIEGO, CA, July 28, 2005 INDATA, a leading industry provider of software solutions for buyside firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office, today announced that Clearwater Asset Management, a Clearwater, FL institutional investment advisor is now live with the INDATA I.M.S. system for portfolio modeling, pre & post trade compliance, trade order management, portfolio management and reporting.

After a comprehensive review of vendors, Clearwater selected the INDATA I.M.S. system. "We chose INDATA because they offered better technology and an open database model. Their I.M.S. system also had a number of more advanced features such as strong trading, compliance, and risk measurement tools that were important to us as we grow our assets," commented Jamie Atkins, CEO & Chief Investment Officer. "Our goal is to provide our institutional clients with "A Higher Standard of Professional Excellence", and the I.M.S. system provides our clients with state-of-the-art technology end to end".

"For fast growing firms like Clearwater Asset Management, selecting the right technology partner is critical to accommodate future growth in assets," commented David Csiki, managing director of INDATA. "INDATA is one of the few vendors that can deliver a solution that is applicable to emerging money managers as well as established firms. We welcome Clearwater Asset Management to our fast growing list of clients," stated Csiki.

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