Fidessa LatentZero Grows Its Continental Operations

Fidessa LatentZero, (a subsidiary of Fidessa group plc (LSE:FDSA), the leading provider of front-office software solutions to the buy-side industry, is building on its successful relationships in the French market, and expanding its Paris office to continue its focus and investment in France, and serve its nine local clients to date.

London and Paris, 8th October 2007 - Fidessa LatentZero, (a subsidiary of Fidessa group plc (LSE:FDSA), the leading provider of front-office software solutions to the buy-side industry, is building on its successful relationships in the French market, and expanding its Paris office to continue its focus and investment in France, and serve its nine local clients to date.

Fidessa LatentZero first established a Paris office in 2004, and has been steadily growing its presence since then. W e have a substantial local presence and expertise in the French market, provided by native French staff with extensive experience in the French asset management industry, and further growth is planned.

The Paris staff are supported from London when required, where French nationals and French speakers hold key, senior positions in professional services and product development. The company now has the capacity to respond rapidly to client demand, and expand its resources for French and other European projects.

The company is also developing a series of relationships with key local consulting firms. Detailed product training is being provided to enable Fidessa LatentZero to offer additional implementation resources to projects, and to increase the level of expertise of its Capstone suite of products in the French and wider European markets.

Richard Jones, CEO of Fidessa LatentZero says: "Our success in France is partly as a result of our commitment to the local market. We recognised several years ago that it that it is often not appropriate simply to send over UK or US-based teams and ideas and expect good results. In a sophisticated asset management market like France, local expertise is required. We established our Paris office before we had our first clients there, and we continue to invest in our French office and staff as part of our long-term commitment to our clients. We are excited about the future and will be growing our Paris presence further".

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