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Toronto, Canada / New York, USA - November 22, 2002 -

Algorithmics Incorporated, a world leader in enterprise risk management solutions, today announced plans to offer a distributed computing version of its Algo Suite of enterprise-wide risk management solutions utilizing LiveCluster 3G, the application infrastructure platform provided by DataSynapse, Inc., a leader in guaranteed distributed computing technology. This initiative will enable Algorithmics customers to run Algo Suite across a heterogeneous environment running both Linux and Sun Microsystems' Solaris operating systems. The initiative will also enable current Sun customers to take advantage of the distributed computing capabilities by easily adding additional Sun computers.

"Being an industry leader means we are focused on ensuring Algo Suite is prepared to meet the future needs of our clients," said Dan Rosen, Vice President, Product Marketing at Algorithmics. "One cannot deny the interest within the financial services industry for distributed computing is driven by the potential for reduced hardware costs, guaranteed availability, and increased performance and scalability. We now plan to develop a distributed Linux cluster version of Algo Suite 4.3 to be available in the third quarter of 2003."

"Algo Suite is a truly comprehensive and business-critical solution within the banking industry today," said Frank Cicio, COO at DataSynapse. "The benefits of enhanced processing power and scalability delivered by LiveCluster 3G and powered by our GridServer will be valuable to any institution approaching data-intensive enterprise-wide risk management implementations."

In today's economic environment, the financial services industry is looking for ways to strategically manage their existing hardware yet still meet the ever-increasing business requirements for performance and scalability. The combined partnership of Algorithmics and DataSynapse is a joint solution that squarely addresses these critical issues. "As clients move towards real-time risk reporting, distributed computing is the only approach that can cost-effectively provide the required CPU cycles," said Curt Burmeister, Product Marketing Director responsible for distributed computing at Algorithmics. "The solution naturally scales, allowing firms to easily add additional machines as business grows and new reporting requirements emerge without foregoing current hardware investments."

"Addressing performance, scalability and reliability issues is a key item on the agendas of most financial institutions today. Nowhere is this more a challenge than within risk management. It's a positive step in the right direction to have solution vendors teaming up with technologists to address some of these challenges," said Deborah Williams, Group VP, Banking and Capital Markets at IDC/Meridien Research.

About LiveCluster
LiveCluster 3G, DataSynapse's production-proven solution is a self-managed, guaranteed distributed computing platform that transforms the speed, reliability and cost of ownership of applications and services. Customers in the financial services and energy industries use this application infrastructure platform to extend their legacy and next generation applications' architecture. LiveCluster solves compute- and data-intensive bottlenecks by unobtrusively harnessing the power of servers, clusters and/or desktops anywhere on a client's network, whether dedicated or underutilized. LiveCluster integrates easily with proprietary and third party applications running on Linux, UNIX or Windows systems. It provides automated process management, scalable programming architecture, guaranteed service execution and self-recovering adaptive load balancing, all built on an extensible framework.

About DataSynapse
DataSynapse, Inc. www.datasynapse.com provides an infrastructure software platform that enables innovations in architecture, design and implementation of clients' IT application and system environments to achieve application resilience. DataSynapse facilitates clients' key strategic initiatives such as building shared or dedicated compute farms, migrating from Unix to Linux, managing heterogeneous clusters and investing in next-generation development efforts.

About Algo Suite
Algo Suite is the first enterprise risk management software of its kind to provide a consistent, proven platform for a comprehensive suite of integrated solutions based on an integrated, scalable and powerful architecture. These advanced solutions include Algo Market, Algo Credit, Algo Collateral, Algo ALM (Asset Liability Management), Algo OpRisk, Algo Asset Management and Algo Energy. By calculating the optimal risk and reward trade-off across the enterprise, Algo Suite enables institutions to realize substantial business benefits, remain competitive, meet regulatory requirements and maximize shareholder value.

Algorithmics Incorporated is the leading provider of enterprise risk management solutions that enable financial institutions to effectively understand and manage their financial risk. Algorithmics' clients include more than 150 of the world's leading financial institutions. Its Algo Suite of enterprise risk management solutions are in use in 31 countries by over 50 of the 100 largest financial institutions in the world.

©2003 Algorithmics Incorporated. All rights reserved. ALGORITHMICS, ALGO SUITE, MARK-TO-FUTURE, MtF and the Ai logo are trademarks of Algorithmics Incorporated and/or its affiliates.

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