Quantal International Acquires Bullrun Financial

12 January 2009

Quantal International, Inc. a leading provider of risk analytics solutions for global institutional investors, today announced the signing of a definitive agreement to acquire Bullrun Financial, a leading provider of performance measurement and attribution analytics. The acquisition of Bullrun Financial will allow Quantal to significantly expand and accelerate its suite of cutting edge solutions to the global marketplace. Clients will benefit by keeping track of their portfolio as well as looking forward and having the knowledge to control portfolio risk. A seamless connection between the two solutions offers a unique transparency in this turbulent market. Now performance and risk can be measured in the portfolio as one.

“I have been highly satisfied with the Bullrun Performance and Attribution analysis and reports. We see great benefit from the integration and look forward to using Quantal’s risk analytics in the near future. In-depth risk reporting and transparency is more critical now than ever before”. Tim Bean, Allen Mooney & Barnes Investment Advisors

"Bullrun Financial and Quantal together can provide investment professionals with a more complete solution to managing investment portfolios. Both companies have solid reputations as quality service providers to our respective customers. That dedication, coupled with an expanded portfolio of services, will provide our customers with many benefits. We are confident that this acquisition will enhance our overall offering to existing and future customers. “said Terry Marsh, Quantal’s President and Chief Executive Officer.

Adds John Michel, Bullrun Financial’s President and Chief Executive Officer, “We are delighted to be joining forces with Quantal International. Our existing partnership can now be fully leveraged to more effectively grow our business globally. Our companies’ combined products significantly increase the breadth of our offering and our visibility in the marketplace.”

The transaction is effective immediately; the terms of the transaction were not disclosed.

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