BNY ConvergEx Group Announces Strategic Alliance with Tamale Software

New York - 22 February 2007

BNY ConvergEx Group, LLC, a leading provider of agency brokerage and investment technology solutions, and Tamale Software, Inc., the market leader in research management solutions today announced a strategic alliance that will enable investment managers to access Jaywalk’s independent research reports through Tamale’s industry leading Research Management Solution (RMS). Jaywalk is the independent research consultancy of BNY ConvergEx Group, offering one of the largest networks of independent research providers (IRPs).

The alliance between the two organizations will focus on the integration and delivery of Jaywalk’s Consensus ratings and one-page summary reports directly to investment professionals through Tamale’s RMS product.
The Jaywalk Consensus provides clients with a unique snapshot of overall opinion on a given stock representing a diverse cross-section of independent analysts. It is the only metric of its kind that aggregates opinions across the varying research methodologies of unbiased sources to create a more balanced overall opinion. The Jaywalk consensus serves as an effective catalyst to direct clients to stocks that warrant attention in a portfolio, either positive or negative. The one-page report contains additional information including the breakdown of independent ratings, stock price history, industry/sector/overall Jaywalk ranking, peer comparison and other key statistics.

Tamale RMS provides investment professionals with easy-to-use tools to help them more effectively manage their research efforts. By helping investment firms filter their research and centralize external and internal research according to their workflow, Tamale RMS provides investment professionals with easier access to relevant information and makes it easier for investment professionals to find important information quickly. Idea generation, idea tracking, collaboration and making more informed investment decisions are all primary benefits funds gain from using Tamale RMS. Tamale is the RMS industry leader with over 65 clients and 1,000 investment professionals actively using the product. Tamale’s clients include hedge funds, traditional asset managers, private equity funds and fund of funds.

“Many of our clients have asked us to integrate independent research reports into our Tamale platform. We are delighted to be aligning ourselves with BNY ConvergEx Group, recognized as the industry’s largest source of independent research, to provide easier access to information that supports the investment decision-making process for our clients” said Mark Rice, CEO of Tamale Software.

John D. Meserve, Director of BNY ConvergEx Group commented, “ConvergEx is committed to providing clients with integrated services and solutions across the entire investment cycle. Through our partnership with Tamale, we continue to enhance the value we provide our clients throughout their investment decision-making process.”

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