NEW MANAGING DIRECTOR JOINS CITISOFT INC.

Boston, MA - 8 January 2008

Citisoft Inc., a leading investment management consulting firm, today announced that Christopher T. Russo has joined the firm as a Managing Director. He brings over ten years of experience in technology consulting for investment management firms and a total of 16 years in the financial services industry to his new position. Mr. Russo will be reporting to CEO Paul Migliore.

"Christopher's expertise in managing large teams of consultants focused on implementing complex client projects makes him a great addition to Citisoft," said Mr. Migliore. "His leadership abilities and knowledge of the issues facing our clients will contribute to Citisoft's ability to offer clients top-level consulting and implementation."

In his new position at Citisoft, Mr. Russo will be responsible for developing business opportunities, cultivating key client relationships at the executive level, and performing executive level program/project management duties across front, middle, and back-office engagements within the buy-side technology and operations space. Additionally, Mr. Russo will be responsible for practice development, marketing, and staff mentoring and management.

Mr. Russo joins Citisoft from Omgeo, LLC where he was an Executive Director for Client Operations and a member of the Executive Team. Mr.
Russo was responsible for the Integration, Implementation, and Application Support teams with a focus on increasing project efficiency and reducing the company's book to bill. Prior to that, Mr. Russo was Senior Director of Implementation Services for Charles River Development. While there, his management contributed to a significant increase in revenues for the implementation group. Previously, Mr. Russo worked for Thomson Investment Software. Mr. Russo began his career at Investor's Bank & Trust Company in Boston.

Mr. Russo 38, has a B.S. in Finance from Bentley College.

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