Pivot Solutions Appoints Industry Veteran Lou Eccleston Chairman and Chief Executive Officer

Boston, MA – 17 April 2007

Pivot Solutions, one of the fastest growing communications networks for institutional investors with its flagship IMTRADER network and platform, today announced the appointment of Lou Eccleston as Chairman and Chief Executive Officer. A seasoned financial executive who served in key management roles at Bloomberg L.P. and Thomson Financial, Eccleston is charged with further positioning Pivot Solutions and IMTRADER as the preferred network for communication and collaboration for institutional investors and their supporting firms, customers and partners.

Eccleston brings extensive management experience to Pivot Solutions, having built companies in all facets of the financial services industry. He spent his early career at Thomson Financial as president of the Banking and Brokerage division, their largest business operating group at the time, where he led the development and launch of Thomson ONE. Most recently, he served as president of Global Sales, Marketing and Services for Thomson Financial, leading the integration of separate sales, service and marketing operations around the world into one globally coordinated entity. Prior to Thomson Financial, Eccleston spent 14 years as a managing director with Bloomberg L.P., where he helped build sales and customer service initiatives for the desktop, trading systems, the electronic brokerage business and media operations.

“Customers are looking to adopt and deploy new technologies that will create some proprietary advantage and better leverage an organization’s portfolio of assets. The adoption of instant messaging technology continues increasing as both sell- and buy-side firms recognize its role in accelerating communication, collaboration, information management, research and trading,” said Eccleston. “Pivot Solutions will continue building a reliable, compliant and scalable platform that allows for strong growth and provides superior customer service to capitalize on further market expansion.”

Pivot Solutions’ IMTRADER integrates instant messaging, information management, research and trading technology to provide a powerful productivity and customer service tool for institutional investment professionals. The IMTRADER network is one of the fastest growing investment communities with more than 2,000 members, including over 350 buy-side firms that have traded more than three and a half billion shares.

“Lou’s wide breadth of experience across financial services will accelerate efforts to expand the IMTRADER network,” said Sean McLaughlin, board director for Pivot Solutions. “IMTRADER is a big idea with massive potential for portfolio managers and traders; Lou is the right man for the job.”

Eccleston holds a bachelor’s degree in economics from Drew University and a master’s degree in business administration from La Salle University in Philadelphia. Additionally, he was named “Executive of the Year” by Inside Market Data in 2003.

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