Nirvana Financial Names Tejpal Chadha, Former CTO & Co-founder of Vhayu, as CTO and Managing Partner

San Francisco, CA - 17 October 2007

Nirvana Financial, a startup that provides front-to-back office solutions for global multi-strategy hedge funds has announced the appointment of Tejpal Chadha as CTO and Managing Partner.

Tejpal joins Nirvana after nine years at Vhayu, the industry's leading Event Stream Processing vendor, where he was CTO and co-founder. Prior to Vhayu he was at Intel where he was a lead architect of the Pentium(TM) and Merced(TM) chips.

"I was attracted to Nirvana because of their experienced team and exciting vision: to blend EMS, OMS and Portfolio Management functionality onto one platform for the global market. With Prana(TM), they have succeeded in building a modular platform, using the latest technologies, that bridges the gap between trading and portfolio management systems. Additionally Prana(TM) is built on a patent-pending technology that allows it to be deployed and localized to different international markets in a rapid fashion," remarked Tejpal Chadha.

"The addition of a leading technologist like Tejpal allows us to accelerate our mission of putting all the technology that a hedge fund needs onto one integrated platform," said Shams Karim, CEO and founder of Nirvana.

"Furthermore, Tejpal brings an understanding of how to optimize and scale our offering to meet the demands of our industry's ever increasing market data rates."

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