Former SS&C Technologies Director Takes Helm at Netage Solutions and Dynamo™ PlatformIndustry Veteran Assumes Product Director Role at Alternative Assets Technology Provider

Watertown, MA - 16 May 2013

Netage Solutions, Inc., a premier provider of SaaS technology for the alternative assets industry, today announced the appointment of Steve Tobio to the position of Director of Product Development. A skilled product manager with 11 years of experience in the financial services industry, Mr. Tobio will drive development efforts at Netage, ensuring that the Dynamo™ platform continues to deliver market-leading capabilities for alternative investment firms.

Mr. Tobio brings a unique blend of product management and financial industry expertise to Netage, having led implementation and strategic planning teams at several vertical-specific vendors. Most recently, he served as Director of Services and Operations at SS&C Technologies, a provider of specialized software for the global financial services industry. There, he oversaw the client services and professional services team, and held responsibility creating deployment methodology and product road mapping of TheNextRound, an investor accounting and reporting application. Prior to his role at SS&C Technologies, Mr. Tobio held a Systems Analyst position within John Hancock’s financial reporting team. He has a B.S. in Accounting Information Systems from Bentley University.

“We now have over fifteen years of dedication to the alternative assets industry – a successful history based on our regular ability to innovate,” said Krassen Draganov, Netage’s CEO and Co-Founder. “With the addition of Steve to our growing product development team, we gain a remarkable asset in ensuring that our innovative path continues to meet and exceed the needs of alternative asset fund managers and their limited partners.”

At Netage, Mr. Tobio will be responsible for spearheading product development, defining roadmap objectives, managing release cycles, and streamlining the overall development process for the fund manager focused product features. Furthermore, his experience with compliance-based reporting will further add to the regular benefits Dynamo™ users can expect to receive in an increasingly demanding and complex industry.

“The rapid pace of development and innovative ideas have promoted Netage to a premier tier as a provider in the alternative assets industry, and I look forward to perpetuating that development momentum.”” said Mr. Tobio. “After seeing Netage’s quality of product and dedication to actively improving the Dynamo platform, I had no hesitation in joining the team.”

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