Pendo Systems Teams with Data Agent to Provide Enhanced Data Intelligence

19 November 2008

Pendo Systems, Inc., a leading provider of investment accounting solutions, today announced that it has formed an exclusive strategic alliance with Data Agent, an innovative company that provides Investment Intelligence (SM) solutions to the financial services market. The two companies will deliver an integrated solution that will streamline data management for financial services firms.

According to terms of the new relationship, these two leaders in the financial technology space will provide customers with an innovative solution to manage their investment data. The unique, multi-dimensional platform enables users to proactively measure financial data, such as issuer and counter-party exposure and overall portfolio risk. The technology of the combined offering is built for current market conditions, with the capabilities to adapt to future regulatory changes. The combination of Pendo Systems and Data Agent creates a simple, flexible data management tool for Portfolio Managers, Risk Officers and Compliance Officers. The entire solution is built on the Microsoft .NET platform and toolset and integrates into the entire Microsoft suite.

"The suite of Data Agent products is a perfect complement to Pendo Systems, and we will provide advanced data integration, data access and reporting capabilities to better support financial services firms,” said Pendo Systems founder and CEO Pamela Pecs Cytron. “By working closely with Data Agent, our customers now have the ability to seamlessly access their critical accounting information in any format and at any time. It also allows for simplicity of data management for custom and ad hoc reporting.”

“The combination of Data Agent with Pendo Systems creates a turnkey solution for managing the investment lifecycle,” commented Thuyen Nguyen, Founder and CTO of Data Agent. “Data Agent has an innovative approach to data access and reporting and combined with the BasisPoint application we will provide our customers with a superior, integrated data intelligence solution.”

Pendo Systems is answering the need for increased accounting efficiency in the financial services sector. Its core product, BasisPoint, is a global enterprise-grade investment accounting

engine that is multi-currency, multi-basis and multi-client. It incorporates a full suite of process modules to manage investment trading and operations from the front office through the back office. The BasisPoint software features a unique, sophisticated functionality that is rapidly becoming the new standard in investment accounting system delivery.

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