Reval Opens New Off-Shore Development Arm In India

NEW YORK, NY – April 13, 2006

Reval®, a global leader in financial risk management solutions and services announced today the establishment of its own offshore development center in Gurgaon, near New Delhi, India. The new office was created to scale up and accelerate its software development and support to handle Reval’s continued rapid growth.

In addition to taking advantage of the highly skilled and cost effective technical resources for software development, Reval will also use the location to complete true 24 hour global customer support.

“We are pleased to announce the opening of our office in India. This expansion in addition to the London and New York offices provides our clients true global support covering each time zone” said Jiro Okochi, CEO and Co-Founder of Reval. “You’re not getting a message taker or voicemail when you need to speak to someone who knows our application”.

Reval’s offshore team will work directly with the onshore team based in New York and will report back to Reval’s U.S management team. This talented pool includes technical, business, and management experts all dedicated to research and development output.

”The formation of our offshore development center will allow us to keep pace with our productivity and strategic development, as our client base continues on its successful growth path” adds Phil Pettinato, COO of Reval and in charge of development and support of HedgeRx®.

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