COGENCY SOFTWARE AND HEADSTRONG ANNOUNCE STRATEGIC PARTNERSHIP

Leading Software Provider to Leverage Global Consultancy’s Financial Services

Expertise BURLINGAME, CA and NEW YORK, NY JANUARY 30, 2006 – Cogency Software, Inc., the provider of integrated management solutions for the alternative investment space, and Headstrong, a premier global consultancy, today announced the formation of a strategic partnership. With the agreement, Headstrong becomes Cogency’s development partner with a primary objective of further augmenting Cogency’s ability to deliver high quality industry solutions using the Cogency Wisdom™ development platform.

“Cogency is in the business of serving the complete alternative investment ecosystem: hedge funds, funds of funds, prime brokers and fund administrators. We have committed our resources to providing our clients with portfolio reporting, performance analytics, P&L analysis, accounting, and industry-specific investor management solutions,” said Avanish Sahai, CEO of Cogency. “With Headstrong’s deep financial services domain knowledge and significant U.S. and offshore development presence, we’re confident that this arrangement will allow us to fulfill our vision of enabling the alternative investment industry to manage and report based on precise, immediate intelligence.”

“We are proud to have Cogency as a business partner and look forward to supporting their growth as they leverage our product development capabilities to expand their capacity in a cost effective manner,” said Arjun Malhotra, Headstrong’s chairman and CEO. “This partnership is further evidence that our focused attention to distributed software development combined with our financial services domain knowledge is a true differentiator in the marketplace.”

The partnership with Cogency is the latest of several companies (ISVs or software product) that Headstrong supports using their distributed development model, which leverages the talent of Indiabased, domain-specific centers with the legacy methodology heritage of Headstrong. “This unique model ensures the quality delivery of our services for our clients and continues to be a differentiator for our
company,” added Malhotra.

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