Mobius Announces Solution for MiFID at SunLIVE FS

London – 2 October 2006

Enterprise archiving and records management leader to showcase solution
that fully satisfies MiFID record keeping requirements

Mobius Management Systems, Inc. (Nasdaq: MOBI), a leading provider of integrated solutions for enterprise archiving and records management, today announced that it will be a major sponsor of SunLIVE FS 2006, “36 Hours in The City,” taking place 2-3 October 2006, in London. The event will feature a packed day of presentations on how to drive business value in financial services organisations through IT solutions. Topics will include lessons from the Barings Bank collapse, cross-industry views on ‘Know Your Customer’ (KYC) regulations and the IT implications of MiFID.

The Markets in Financial Instruments Directive (MiFID) is a European Union Directive that will bring fundamental changes to the way financial markets and financial institutions operate. The objective of MiFID is to introduce further safeguards for investors and allow trading firms to operate across the European Union under the standardised rules of their local regulators. To comply with MiFID, organisations will have to manage their businesses much more tightly, with a level of information retention and integration far exceeding current general practices

The Mobius ViewDirect for MiFID solution can help trading firms and investment banks achieve seamless records management and content integration to fulfill the stringent ‘Know Your Customer’ (KYC) and record keeping requirements of the directive. ViewDirect is the market’s most comprehensive and scalable solution for managing the entire lifecycle of records, documents, e-mail and content in any format, from any source. The high-volume, high-performance ViewDirect Repository ensures the long-term integrity and availability of these critical corporate assets to support compliance, legal processes and mission-critical business operations.

“MiFID has been predicted to trigger the greatest disruption to financial services organisations since the establishment of the Euro,” said Tulin Pledger, Mobius director of marketing for Europe, the Middle East and Africa. “In terms of IT expenditures, some expect it to be as big as Y2K. Regardless of the hype, it is clear that MiFID will have a significant technology impact. Mobius has a proven track record of helping financial services executives and IT departments understand how to tackle the key technology requirements for MiFID readiness.”

The IT requirements for MiFID that Mobius addresses with ViewDirect for MiFID include:

· A highly scalable archiving solution that complies with MiFID retention policies, including extensive indexing for accurate and fast search performance;

· A well-managed information lifecycle management (ILM) capability to ensure that information is where it is needed and easy to find;

· Fast, secure and easy retrieval and sharing of information, such as market data, client records and transaction reports, by integrating different sources of client information into one virtual archive for that client;

· A system that can scale beyond terabytes of information, functioning in an operational environment that has fault-tolerance and disaster recovery manageability across the entire infrastructure.

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