Axiom Software Labs Announces IntegrationCenter™ Inter-operability Across Unix, Linux and Windows NT/2000

New York, Monday, April 4, 2002 - Axiom Software Laboratories Inc., a leading provider of Enterprise Data and Risk Management solutions, announced today the interoperability of IntegrationCenter™ across multiple server operating systems. By its ability to run on Unix, Linux and NT/2000, Axiom opens and extends its data management, delivery and storage technology to a broader range of business users.

IntegrationCenter™ is a data management system that is database and now operating system independent. It now gives customers a simple, flexible and effective way to implement integration, management, delivery and storage of all data sources across the enterprise for use with any risk management and decision support applications.

IntegrationCenter's architecture allows it to operate on all of the major operating systems. Different modules of IntegrationCenter™ may also reside on different operating system platforms at the same time. This preserves the client's current hardware investment without a significant increase in load. By using ODBC for database connectivity, IntegrationCenter™ can operate on and access data from any ODBC-compliant RDBMS interacting with existing and future systems and applications. IntegrationCenter™ has also been successfully tested in IBM's xSeries clustering environment, which takes advantage of distributed parallel processing by scaling across dedicated servers and dynamically distributing load among them.

Organizations with data management intensive requirements such as risk management and financial reporting can now have the benefits of Axiom's expertise and 12 years of experience in dynamic data management and warehousing technology. Any company with enterprise-wide Risk Management Systems, either acquired from a third party or developed in-house, can immediately take advantage of IntegrationCenter's capability to seamlessly adapt to diverse external data models using dynamic API. This technology offers a superior value added solution to the needs of evolving fast paced operations, changes in business conditions and regulatory requirements. Companies planning to embark on a complex risk management technology installation project can significantly speed up their implementation while, at the same time, improving controls and operational efficiency.

Axiom's IntegrationCenter™ is designed to give financial institutions and energy companies a sophisticated yet simple tool for advanced, high performance data delivery, integration and storage. It also provides an application for flexible data aggregation and complex portfolio construction on any level of source data granularity.

IntegrationCenter™ solves the challenges of access, administration, organization and warehousing of multiple sources. Market, Operational loss, Static, and Transaction data with its integration to surrounding applications. With Java client and component-based architecture, IntegrationCenter™ can operate on both a stand-alone or Internet/Intranet distributed basis.

"We believe the modest investment in an tool like IntegrationCenter™ provides a compelling value", says Alex Tsigutkin, Axiom's CEO, "to improving the cost of implementing and living with complex analytical systems that don't have a resident data management capability. This is especially true, in view of the New Basel II Accord for Capital Adequacy, which calls for significant improvements in data management controls and storage for consolidating Market, Credit and Operational Risks."

Axiom's clients, such as UBS and Euroclear, using this technology, have solved key issues of data access, real-time integration of multiple systems, risk parameters mapping, analysis and accumulation of risk calculation results, data aggregation and reporting. With IntegrationCenter™, clients with existing risk management technologies can also get optional capabilities including trend analysis, back testing, measurement results comparison, stress/scenario manipulation of market data, synthetic portfolio aggregations, risk limits, and seamless introduction of new instruments.

About Axiom Software Laboratories, Inc.

In business since 1989, Axiom Software Laboratories (Axiom SL) is a leader in developing software solutions for true enterprise-wide risk, data management, regulatory reporting, compliance monitoring. Axiom SL's proven technological advancement continues to solve the rigorous challenges of its diverse clientele in adapting different data environments allowing mission-critical activities to be performed across an entire enterprise.

Axiom SL's experienced staff is comprised of skilled professionals, experts in a range of key disciplines, including risk management, database and middleware technology, financial applications, Internet technology and financial engineering. The company serves major global financial institutions, large corporations, asset managers and energy companies.