Axiom Software Laboratories Partners with Platform Computing

New York, November 6, 2002 - Axiom Software Laboratories, leading provider of enterprise data and risk management technologies and Platform Computing, provider of Grid computing software solutions announced today that they have teamed to integrate Platform's Enterprise Grid technology within Axiom SL's RiskMonitor®. Through this partnership, Axiom SL's customers, including major financial institutions, asset managers and energy companies, will be able to benefit from open integration with Platform LSF to enhance the performance and scalability of their risk management processing.

"In the financial services industry, technology is an important component of risk management, from managing data aggregation to speeding analysis through software applications such as the Monte Carlo simulation. Organizations are increasingly turning to distributed computing solutions to enable mission-critical intra day simulations to be run concurrently and transparently, based on business priority and user demand," said Mike Sharma, vice president, financial services. "Axiom has been providing risk management solutions for the last decade, and through integration with Platform LSF, we can deliver a powerful solution to meet the increasing performance demands from high-volume transaction customers."

"Through our integration with Platform LSF, our customers can perform more analytical processes in less time," says Alex Tsigutkin, CEO and founder of Axiom Software Laboratories, Inc.

About Platform

Platform is the world's leading distributed computing software provider, with desktop to Grid solutions that allow organizations to dramatically improve time to market and quality of results, while maximizing their IT investment. Founded in 1992, Platform has strategic relationships with industry leaders, including Apple, Dell, HP, IBM, Powerllel and SAS and its open, scalable software solutions are the choice of more than 1,500 result-driven organizations around the world. Platform is a private company with 400 employees in 14 offices in North America, Europe and Asia. For more information visit www.platform.com.

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.