Octavian appoints Klod Ghez as President and CEO

Boston, MA - 7 November 2007

Octavian, a provider of Separately Managed Account (SMA) software solutions to the Wealth and Investment Management (W&IM) industry, today announced the appointment of Klod Ghez as its company President and CEO. Ghez has served as a member of the Octavian Board of Directors during the last six months and recently led its series B funding, in which Vertex, Carmel Ventures and Gemini Funds participated ($10 Million). Ghez will be replacing Moshe Barnes, founder of Octavian, who will continue to serve as the company's Executive Vice President, responsible for product strategy and delivery.

Ghez, age 50, joins Octavian after a successful career of more than 20 years serving in numerous executive positions in the global high-tech industry. Before joining Octavian, Ghez served as the president and CEO of Sheer Networks and led its acquisition by the communications giant Cisco (Nasdaq: CSCO) for $122 Million. Ghez formerly served as Vice President for Global Customers at Amdocs (Nasdaq: DOX) and before that as Senior Vice President and General Manager of the Financial Products Business Unit at Computer Associates (Nasdaq: CA). Ghez also has vast experience as an ERP Project Manager in the European banking market.

Octavian, founded in 2004 by Moshe Barnes, develops and markets software solutions for the Wealth and Investment Management Industry. Octavian simplifies the management and oversight of investment services for multi–platform financial service organizations. Octavian's revolutionary platform, The Financial Information Rationalization Engine (FIRE), sits at the core of Octavian’s cutting edge revenue management, reporting reconciliation and data consolidation solutions for the W&IM market with support for Depository Trust & Clearing Corporation (DTCC) Managed Account Connectivity. Today, the company has approximately 35 employees and is headquartered in Boston with offices and a development center located in Tel Aviv.

Avi Ze’evi, a Managing Partner at Carmel Ventures and Octavian's new Chairman says "I have known Ghez for several years as an excellent manager and he will surely be able to lead Octavian to significant achievements." Ze’evi added "He is one of the most highly experienced executives in the international software and IT market and I am certain that under his guidance Octavian will succeed in reaching new levels of achievement and growth. Octavian is one of the most promising software companies in the financial sector and I have no doubt that Ghez will make a serious contribution to the company’s growth as well as the expansion of the scope of its activities throughout the world."

"I believe the company and its products, led by Moshe Barnes’ vision, offer a real added value to financial service organizations" says Ghez. "This is undoubtedly a challenging position for me," added Ghez. "The company has primary sales from a list of leading global financial customers such as Bank of America and Oppenheimer Funds, but has undoubtedly not yet exhausted its potential. I believe that Octavian is positioned well to be a leader in the field of solutions for Financial Service organizations in the Wealth and Investment Management market (W&IM). The significant changes occurring in this market, primarily in its scope of activities and complexity, assure continued growth in demand for the company's products," says Ghez.

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