Netage Expands to West Coast – Opens San Francisco Office and Boosts Sales Team

CAMBRIDGE (MA) – 17 May, 2005 – Netage Solutions, a leading global provider of front-office software for the alternative assets industry - hedge funds, private equity, venture capital and funds of funds – today announced the opening of a new office in the San Francisco Bay area. The opening of the San Francisco office is fueled by the growing interest of West Coast’s hedge fund and venture capital community in front-office deal, investor and compliance management applications and the increasing number of business development opportunities across the Western United States. The opening follows the recent establishment of an office in New York City.

Dumisani Banda, Senior Account Manager at the company, will lead Netage's team in San Francisco and will be responsible for the company's West Coast operations.

"Netage is aggressively growing and building momentum. By establishing presence on the West Coast, we expect to accelerate our hedge fund and private equity market penetration and further demonstrate the power of our Dynamo product suite" said Mr. Krassen Draganov, CEO of Netage. "We have a significant alternative assets customer base developing in the Western United States and the new office will not only extend our reach but also allow us to work closer to existing customers and technology partners."

The Netage suite of hedge fund software products, InvestorDynamoâ„¢, enables investor relations and compliance teams to easily send and track mailings to interested parties, store client and prospect information in a central repository, enhance compliance best practices, and proactively track key statistics (e.g. ERISA exposure).

For private equity, venture capital, buyout, fund-of-funds, and secondary investment firms, Netage provides DealDynamoâ„¢ - an intuitive software suite that allows companies to organize knowledge about deals, contacts, intermediaries, and investors. The product improves employee productivity, automates investor correspondence, and makes all information accessible within Microsoft Outlook.

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