ClusterSeven listed in Top 50 Securities Technology Providers for Capital Markets

London, NY – 16 October 2006

ClusterSeven, the provider of enterprise spreadsheet management software, announced today that it has been ranked 35th in the Securities Tech50. The listing was created by Securities Industry News and the research firm Financial Insights, an IDC company, to recognise the top vertical technology vendors providing front office solutions to the industry.

This prestigious listing recognises firms that have shown exceptional growth over the past two years. It also showcases large firms to small, specialty shops; and from traditional technology vendors to broker-dealers.

“SecuritiesTech50 ranks the movers and the shakers of the fin tech industry and we are excited to be included. Over the past three years ClusterSeven has continued to gain momentum; we secured VC funding, invested in our technology, became a Gold Certified Microsoft Partner and won deals with global investment banks,” says Steve Semenzato, CEO and founder of ClusterSeven.

ClusterSeven attained Gold Certified Partner status in the Microsoft Partner Program for its technology and expertise in the marketplace. The Gold Certified Partner title represents the highest level of competence with Microsoft technologies, and the closest working relationship with Microsoft.

The increasing demands of regulations such as Sarbanes-Oxley, MiFID and Basel II combined with the spreadsheet’s’ spiralling complexity has led forward thinking institutions to recognise that the operational risk of spreadsheet dependency can no longer be ignored. ClusterSeven delivers a practical solution to managing millions of daily cell changes and removes the need for manual, time-consuming checks. Thus it enables compliance, reduces costs and accelerates product development without encumbering user flexibility.

“Our extensive research focused on front office solution providers recognises key players such as ClusterSeven and its leading presence in the global financial services market,” said Michon Schenck, COO of Financial Insights, an IDC company.

ClusterSeven was founded in 2003 and provides solutions to financial institutions where business-critical operations are dependant on spreadsheets.

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