LINEDATA OFFERS INDUSTRY'S FIRST INTEGRATED FUND ADMINISTRATION PLATFORM FOR COMPLEX FUND STRUCTURES

Hackensack, N.J. - 27 August 2007

Integration of leading fund administration solutions, MShare and MPartner, provide the only integrated system for accounting and recordkeeping in the alternatives market

Linedata Services (LIN:FP), a global leader in the financial technology market, today announced the completion of the project to integrate MShare, their transfer agency solution and MPartner, their partnership accounting solution. Combined, the integrated platform provides a comprehensive accounting and recordkeeping solution for complex fund structures within both the onshore and offshore alternative markets.

Linedata Services currently has eight clients licensing the integrated system, with over 20,000 accounts, 650 funds and more than $80 billion in assets under management on the system.

In today's market place, many fund companies are wrestling with highly complex computations associated with incentive and management fees, as well as the incentive fee equalization required by complex funds, such as master feeder funds and fund-of-funds structures. To cope with these challenges, organizations have had to license multiple systems from multiple vendors, and manually extract and post data, wasting money and effort.

The integrated MShare / MPartner platform provides one comprehensive solution from a single vendor. Highly functional and scalable, as well as providing deep integration of core processes from system to system, the integrated solution provides one single point of entry for trade information, automation of complex fee computations and streamlined capital and income data flows within complex fund structures. This eliminates the time consuming and precarious, manual process of extracting and posting data by providing one integrated platform for processing fund and partnership allocations in conjunction with extensive investor administration functions.

"Linedata has always been committed to providing solutions to meet both client and industry needs." said Peter Muldoon, Executive Vice President at Linedata Services, Hackensack. "By providing one comprehensive solution, the integrated MShare / MPartner platform gives fund administrators the tools needed to increase their productivity by consolidating the number of back office systems and vendor relationships - a 'less is more' approach; without compromising on system functionality, flexibility and scalability."

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