LatentZero Unveils New Paris Office

London, 25th May 2004 - LatentZero, one of the world's leading providers of buy-side front office technology for the global asset management industry, continues its expansion with the opening of a new French office.

The new base in Paris, will provide accommodation for LatentZero sales, support and training operations in the region, and will give the company a platform for further pan-European growth according to Sales Manager, David King, who heads up the French team.

"LatentZero has some of the most advanced front office solutions for asset managers in the market today. Sentinel, our pre-and post-trade compliance tool is fast becoming the software of choice for European asset managers," said King. "Due to the company's increasing demand in Europe, the new office provides us with a centre to service and support our European customer base and enables us to pursue new business opportunities on a local level."

He added: "Our investment in Paris is going to be matched by a rapid growth in our European profile and the conversion of some key European business. Opening this office shows our commitment to further growth and closer working relationships with our current and future clients in this region."

LatentZero's revenues have increased at over 100 per cent year over year since it was founded in London in 1999. In addition to its new Paris office, it has sites in Boston, New York and a presence in Hong Kong and Singapore.

About LatentZero

LatentZero is a global technology firm specializing in front office solutions for the buy-side community. LatentZero provides expert assistance with product implementation, technical integration, business and workflow review, consulting and training for its Capstone product suite.

About Capstone

Each component of Capstone works seamlessly with each other, but also can be implemented separately as part of a best-of-class approach. The components are: Tesseract, a portfolio manager decision support and order generation tool; Minerva, an order management and trading system; and Sentinel, which monitors the entire process for compliance and includes libraries of rules of all the major regulatory bodies across the globe. The LatentZero technical architecture is high performance and state-of-the-art. It is 24x7, flexible, open and scalable. It works seamlessly with any other front, middle or back office technology and significantly differentiates LatentZero from its competitors.