Jersey City, NJ - 27 March 2007

- Aron Miodownik, 20-year financial services veteran, brings extensive management and operations experience to board

- David Hagen added to accelerate marketing of proprietary products and brand-building efforts

Scivantage, the premier provider of browser-based, front- and middle-office brokerage solutions, today announced the expansion of its Board of Directors to include Aron Miodownik, founder and president of Cambrian Associates. Scivantage has also announced the appointment of a new vice president of marketing, David Hagen.

The expansion underscores the company's commitment to deliver innovative, high performance technology solutions and capitalize on the recent $6.7 million infusion of capital by Edison Venture Fund to help accelerate the company's sales and product development efforts.

As a senior executive with over 20 years experience in the financial services industry, Miodownik brings with him a keen understanding of sales, technology and operations. Miodownik is the founder and president of Cambrian Associates LLC, an advisory firm serving venture capital firms, private equity firms and the CEOs of financial technology firms.
Prior to Cambrian, Miodownik has held operational and technical positions at Merrill Lynch, UBS and Accenture.

Hagen comes to Scivantage from Rydex Investments, where he was the director of product marketing and e-business strategy, responsible for product marketing efforts for Rydex's mutual fund and alternative investments business lines. Prior to Rydex, Hagen was vice president of product marketing for Thomson Financial, where he launched Thomson's broker desktop platform and oversaw marketing for all retail wealth management products. At Scivantage, he will manage the company's overall market strategies for product and brand management, as well as commercialization of the company's proprietary, back-office-agnostic solutions.

Hagen will report directly to Joe Stensland, senior vice president, product management and marketing at Scivantage. Stensland, who joined the company after its acquisition of Kenamea in 2006, has been focused on accelerating growth across all of Scivantage's product lines.

"Aron's vast industry experience and proven strategic vision make him a critical addition to our board and will help us broaden the business and operating base that we'll need to meet our long-term growth objectives," said Adnane Charchour, president and CEO of Scivantage. "At the same time, Dave's experience in bringing products to market and product positioning will allow us to extend our leadership position and increase the overall awareness of our products."

Charchour concluded, "The talent and diverse expertise of our staff and board has always been one of Scivantage's key assets."

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