Barclays Capital Acquires AxiomSL Dynamic Solutions for U.S. Regulatory Reporting

Date: January 7, 2007
Location: New York

AxiomSL, the leading global provider of Regulatory Reporting and Risk Management solutions is pleased to announce today that Barclays Capital has purchased its innovative regulatory reporting and data management products, ControllerView® and IntegrationCenter™ to automate their U.S. regulatory reporting.

ControllerView® will provide Barclays Capital with complete coverage and functionality for compliance with all US Regulators including Federal Reserve Bank as well as management reporting. While ensuring transparency across all daily, weekly, monthly, quarterly and annual reports, it will also provide a dynamic platform to deal with business and regulatory changes. In addition, IntegrationCenter™ will supply a central data warehouse and reporting environment by integrating seamlessly with all of Barclays Capital’s transaction processing, reference information and accounting systems, helping to ensure the accuracy, integrity and efficiency of the financial reporting process.

“Numerous global financial institutions have already selected Axiom either to automate or replace their existing regulatory reporting systems. This strategic choice has helped them achieve stronger market presence and position with regulators in view of upcoming changes in connection with Basel II and Sarbox,” comments Alexander Tsigutkin, CEO of AxiomSL. “We are pleased to have such a prestigious institution as Barclays Capital to join the rapidly growing user community of AxiomSL customers and are looking forward to working closely with them.”

About Barclays Capital

Barclays Capital is the investment banking division of Barclays Bank PLC which has an AA long-term credit rating and a balance sheet of over £986 billion. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with solutions to their financing and risk management needs. Barclays Capital has offices in 26 countries, employs over 10,500 people and has the global reach and distribution power to meet the needs of issuers and investors worldwide.