INDATA Releases IMS Version 7; Launches INDATA Mobile Using Latest Microsoft Technology

Greenwich, CT - 30 October 2006

Firm Now Offers Both In-House and ASP Versions of IMS as well as New System Administration (SA) Service

INDATA®, a leading industry provider of software solutions for buyside firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office announced today the release of IMS Version 7, the latest version of INDATA's enterprise investment management system. The new version includes the launch of INDATA Mobile, a new software module, IMS ASP, a new ASP offering of the firm's software products and INDATA SA, a new service that enables in-house clients the ability to completely outsource the administration of their IMS application.

"IMS 7 represents a milestone in the development of INDATA's software suite and offers the latest in technology, scalability and functionality," said David Csiki, Managing Director of INDATA. The new version is based on the latest offerings from Microsoft including SQL Server 2005, Reporting Services, Windows Mobile and is available on an in-house or ASP basis.

"While competing solutions typically have a specialization with either in-house or outsourced solutions, INDATA now offers the best of both worlds and allows investment managers to focus on managing assets without having to worry about IT. The combination of IMS 7 and our expanded services offering represents a true technology partnership with our existing and prospective clients that is unrivaled in the industry," Csiki added.

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