Software company continues expansion into Europe and makes key appointment

London, 8th October 2004 - LatentZero, one of the world's leading providers of buy-side front office technology for the global asset management industry, has increased its European presence by opening an office in Frankfurt.

Sales, implementation and support for Germany will be run from the new base thereby providing LatentZero with an important strategic presence from which to launch further growth into the German, Austrian and Swiss markets.

In addition to the new office, LatentZero has appointed George von Waldburg as Regional Sales Manager. A former European business development manager for the London Stock Exchange, von Waldburg joins LatentZero from Venture Capital Management, Germany's largest private equity fund of funds manager, where he was responsible for new businesses development.

"LatentZero has a client list comprising some of the world's largest asset management companies. It has built an enviable international reputation based on its future proof technology and the knowledge and expertise of its people," commented von Waldburg on his appointment. "My role will be to secure new opportunities and help drive our growth across continental Europe."

Explaining the German office opening, Paul Charie, Sales Director of LatentZero, said: "Having launched our Paris office just a few months ago, the investment in Germany demonstrates our confidence in the European market and our commitment to the region. It also signals a period of rapid pan-European growth for us and I expect to be announcing key European business wins as well as some exciting new partnerships in the coming months."

LatentZero will be exhibiting at stand 3.0F27 at The European Banking and Insurance Fair in Frankfurt from the 26th to 28th of October.

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 Frankfurt office, it is headquartered in London with sites in Boston, New York and Paris, and a presence in Hong Kong and Singapore.

About LatentZero

LatentZero is a global technology firm that specializes in developing complete front-office solutions for the buy-side community. LatentZero's suite of products, known collectively as Capstone, is used by six of the world's top 10 asset management organisations. More than 2,500 portfolio mangers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $5.3 trillion.

Capstone is comprised of three products which can be implemented either separately or together as a complete solution. The Capstone components are: Tesseract, a decision support and order generation application; Minerva for order management and trading; and Sentinel for pre and post trade compliance management.

LatentZero's technology is built to meet precise business needs. The technical architecture which underpins all the Capstone products works seamlessly with any other front, middle or back-office technology. It provides a 24x7 high performance solution that is scaleable, flexible and easily integrated with legacy systems.