HAVERFORD TRUST SELECTS INDATA I.M.S. FOR FRONT TO BACK OFFICE SOLUTION

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

SAN DIEGO, CA, June 20, 2005 INDATA, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that The Haverford Trust Company, based in Radnor, PA is now live with the INDATA I.M.S. system for portfolio modeling, pre & post trade compliance, trade order management, portfolio management and reporting, and CRM.

After a comprehensive review of vendors that included a formal RFP, Haverford Trust selected INDATA's I.M.S. system over competing solutions. "We selected INDATA because they offered the latest technology via a centralized database model. Having access to our data in-house provides us with the flexibility to build and customize reports, as well as integrate other in-house systems to improve workflow efficiencies. Their I.M.S. system also had a number of capabilities that were important to us, such as a strong trade order management and compliance features that were lacking in many of the other systems we evaluated," commented Eric Drossner, Vice President of Trust Operations, Haverford Trust.

"For Haverford Trust, having sophisticated trade order management and compliance capabilities was a key requirement during their evaluation of portfolio management and accounting systems. INDATA is currently the only vendor to provide best of class trade order management and compliance capabilities that function on a stand alone basis or as part of a complete solution," commented David Csiki, Managing Director of INDATA. "We welcome Haverford Trust to our fast growing list of clients," he added.

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