Old Mutual Investment Group Selects Bonaire’s REVPORT™

London - 18 March 2008

Bonaire Software Solutions, LLC, a leading provider of financial services software solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT™ Revenue Management and Fee Billing application has been selected by Old Mutual Investment Group (South Africa) (Proprietary) Limited (OMIGSA). Headquartered in Cape Town, SA, OMIGSA chose Bonaire after carrying out a rigorous selection process with multiple vendors. OMIGSA’s acquisition of REVPORT™ is of strategic importance and will deliver tangible business benefits, including :-

• Supporting their continued business growth without a commensurate increase in billing headcount
• Reducing the billing cycle and improving cash flow
• Centralizing billing data to improve access to management information
• Providing the foundation for comprehensive financial analysis and modeling
• Improving process rigor and transparency through a fully compliant application

REVPORT™ software automates and calculates fees for the fee billing and invoice process. Bonaire’s clients are able to calculate any type of fee for revenue streams, as well as fees and disbursements associated with accounts and portfolios. REVPORT™ takes in a data feed from the client’s recordkeeping platform, undertakes complex rules-based calculations and then posts the fees to the general ledger, while automatically generating invoices.

“Having conducted a comprehensive review of the solutions offered by a number of vendors, it became pretty clear that the combination of Bonaire and REVPORT™ provided OMIGSA with the strategic answer they sought” said Christopher Potgieter, OMIGSA CFO. “The combination of REVPORT™’s comprehensive functionality and Bonaire’s commitment to working with us provided a compelling justification for our decision.”

“2007 has been an incredibly successful year for Bonaire.” said Gary Watts, UK MD of Bonaire. “The addition of OMIGSA to our growing portfolio of blue-chip clients signals our first win in South Africa and cements REVPORT™’s reputation as the world’s leading revenue management solution.” He added “Bonaire recognizes South Africa as an important emerging economy, with world class firms engaged in the asset management business. As such we are excited to be making the commitment in introducing REVPORT™ to South Africa and, in particular, to financial services businesses like OMIGSA. We look forward to further strengthening our position within this market and to extending our reach with Old Mutual affiliated firms around the world”.

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