Relegence Expands to Support Rapid Growth

Merrill Lynch, Telerate, and Radianz executives to deliver real-time intelligence to financial institutions

NEW YORK — May 25, 2005 — The Relegence Corporation, the de-facto provider of real-time automated intelligence to the financial services industry, today announced three significant appointments - Dan Napoli, board member, Bob Grant, senior vice president sales and marketing and Sally Hatch, vice president sales. These appointments reflect the firm’s rapid expansion, its recognition as an industry standard and its commitment to providing monitored, indexed, filtered and analyzed intelligence in real-time. Relegence also announced its planned move to a significantly larger office space at 2 Penn Plaza in New York – summer 2005.

Dan Napoli, spent 18-years at Merrill Lynch in a variety of senior level roles. Most recently he was senior vice president of the global risk management division reporting to the chairman and CEO, and also served on the executive management committee setting the overall policy and direction of the company. Previously, Napoli was chairman of Merrill Lynch’s Government Securities Division which, at the time, was the largest distributor and trader of U.S. Government Securities in the world. He was also an active member of the U.S. Government Primary Dealers Association Special Committee to the U.S. Treasury and Federal Reserve. Napoli’s 27-years industry expertise will play a critical strategic role in shaping the future direction of Relegence.

Bob Grant a former senior management Telerate executive, brings to Relegence over 20-years of industry experience, most recently serving as vice president sales, Ecora, responsible for the international sales operations. Grant’s previous senior management roles were at Mantas, Bridge and MDC. Grant will be responsible for Relegence’s domestic and international sales and marketing efforts, reporting directly to CEO, Steve Fadem.

Sally Hatch most recently worked at Radianz as northeast regional sales manager, responsible for opening its Boston office and managing its Northeastern region sales efforts. Prior to Radianz, Hatch opened and managed the Boston office for Telerate as well as its acquired companies: Dow Jones Telerate and Bridge Telerate. Hatch has over 20-years of experience in the financial community. Prior to Telerate, Hatch held roles at Phase 3 and Interactive Data Corp. Hatch will report directly to Grant and will manage the Relegence Boston office.

"With the expansion of our New York office, the opening of our Boston office, and the rapid growth of our new business opportunities domestically and internationally, we felt the timing was right to make several strategic hires. Our newly appointed sales executives and board members will help us continue to expand our sales efforts, serve our current clients and deliver focused and relevant technology solutions to the financial services market," says Steve Fadem, CEO, Relegence. "Dan, Sally and Bob, individually and combined, have a wealth of industry knowledge, unique expertise, and proven track records, that will help drive our business. I look forward to working with them to continue to grow Relegence."

"With skilled developers, a focused management team and proven unique real-time technology solutions, Relegence is in demand from the world’s leading buy-side and sell-side institutions," said Edo Segal, CTO and founder, Relegence. "To ensure that we continue to work with our customers to provide them market intelligence that is appropriate to their business, we have brought in Dan, Sally and Bob to offer strategic support and management."

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