F&C SUCCESSFULLY IMPLEMENTS CADIS EDM SUITE

London - 9 April 2008

Cadis Software, formerly Citadel Associates, the provider of Enterprise Data Management (EDM) systems for buy-side institutions, today announced that F&C Investments has successfully implemented its award-winning Cadis EDM Suite simultaneously with a Charles River trading platform. Cadis EDM Suite will enable F&C to benefit from greater control over its data - improving efficiencies throughout the company and lowering operational costs.

F&C is a leading European investment group, which resulted from the merger between F&C Management Holdings and ISIS Asset Management in 2004. This merger left the company with two separate back-office systems, feeding two separate trading platforms. The technological infrastructure meant that F&C required a solution that would enable it to gain greater control over its data and migrate to a single trading platform.

F&C selected the Cadis EDM Suite from a shortlist of providers, due to the solution's ability to process, cleanse and enrich its corporate data, while also enabling the firm to overcome the challenge of disparate data sources. Furthermore, the Cadis EDM Suite and rapid implementation methodology allows F&C to quickly integrate multiple data sources into a single EDM platform.

"Following a swift implementation, Cadis has enabled us to migrate to a single trading platform, immediately delivering a return on our investment and improving business efficiency across the board," said Peter Collins, information architect, F&C. "The Cadis EDM Suite has not only given us the ability to deliver immediate benefits to our business, but also a solid foundation to deliver our strategic goal of providing timely, accurate, complete and consistent data to our core applications."

The implementation of the Cadis EDM Suite along with the Charles River platform at F&C's London, Amsterdam, Dublin and Edinburgh offices allows the firm to feed data from its back-office systems through the Cadis EDM Suite and into the Charles River platform, retiring the legacy platforms. Now that F&C is running a single trading platform and has the Cadis EDM Suite in place, it plans to migrate to a single back-office system in 2008 facilitated by the Cadis EDM Suite.

Dan Simpson, CEO, Cadis Software, commented: "This is yet another case of Cadis technology helping firms overcome the challenges of handling their corporate data. F&C's simultaneous implementation of the Cadis EDM Suite and Charles River has not only enabled it to improve the quality of its data, but by making the transition to a single execution process, it has also minimised processing times - vastly increasing productivity."

With installations across three continents, Cadis's technology is used by some of the world's largest buy-side institutions supporting some $3 trillion in assets.

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