Sophis Opens New North America Headquarters in Midtown Manhattan

New York - 3 March 2008

Sophis, a leader in cross-asset, front-to-back portfolio and risk management technologies, today announced that it has expanded its North America office by relocating from 594 Broadway to 99 Park Avenue in Midtown Manhattan. This move is the company's latest step in implementing its strategy of increasing its share of the North American segment in the risk technology market, estimated at $5.9 billion for 2008 by Chartis Research.

Pascal Xatart, who was named CEO of Sophis in July 2007 when the global private equity firm Advent International purchased a majority stake in the company, declared at the time that Sophis would be accelerating its international expansion, particularly in the United States. Mr. Xatart also stated that Sophis planned to continue investing in the research and development that have made its solutions especially responsive to the requirements of both large institutions and boutique firms.

"North America is a very dynamic and fast-moving market for us," remarked Eric Bernstein, COO North America, Sophis, Inc. "We have seen a great deal of interest along the entire spectrum of our products' capabilities, but people have been especially interested in the best ways to address the risk, uncertainty, and volatility that we are experiencing today".

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