February 14, 2007

CT and FL-based fund of funds choose Cogency's solution for accounting, operations and investor relations.

Cogency Software Signs Alternative Investment Group and Collins Capital to its Fund Of Hedge Funds Insight™ Platform

CT and FL-based fund of funds choose Cogency’s solution for accounting, operations and investor relations.

BURLINGAME, CA—February 14, 2007 — Cogency Software, Inc., a provider of integrated management solutions for the alternative investment industry, today announced the signing of two more new clients for its Fund of Hedge Funds Insight TM solution. This brings to six the number of such new relationships in the past few months and seven in total since Cogency shifted its marketing focus to the fund of hedge funds sector in mid-2006.

Alternative Investment Group, an independent investment management firm headquartered in Southport, Connecticut, signed with Cogency in mid-December, initially to meet its needs in the areas of fund and partnership accounting. The firm, which has over $1 billion in assets under management, anticipates completing implementation within the first quarter of 2007.
“We undertook a thorough evaluation of all potential, competitive solutions in the marketplace, and concluded that Cogency’s answers to our accounting needs made them the clear choice in this space,” said Alternative Investment Group Partner, Marita Wein.

On January 2, 2007, Coral Gables, Florida-based Collins Capital became the latest Cogency fund of funds client, selecting its Fund of Hedge Funds Insight TM solution for its needs in the areas of investor management, portfolio & partner accounting, portfolio due-diligence & monitoring and compliance. “Our strategic needs were twofold; Collins was seeking the most comprehensive suite of solutions available to meet the full needs of a sophisticated, diverse alternative investment firm, with a strong driver being partnership and portfolio accounting software,” said Dorothy C. Weaver, Chairman. “We spent 18 months reviewing every available alternative in the marketplace, and at the end of the day, Cogency was the only viable choice.”
Collins Capital’s implementation will be comprised of three phases, with phase one expected to be operational in the first quarter of 2007. Full implementation of the Cogency Fund of Hedge Funds Insight TM offering will be concluded within the next six months.

New York-based Terrapin Partners LLC and a $2 billion investment firm located in California also selected Cogency in the fourth quarter of 2006.

“We’re thrilled to add such prestigious clients as Alternative Investment Group and Collins Capital to our rapidly growing client roster in the increasingly active fund of funds sector,” said Jay McEntire, president and CEO of Cogency Software. “The pace of our ongoing sales activities and volume of such new relationships is unprecedented for Cogency or any of our competitors, and further validates our belief that we’re offering the hands-down, best operational solutions to fund of fund managers, administrators and related service providers.”

About Cogency Software
Cogency accelerates business performance by providing integrated management solutions to the alternative investment industry. Hedge funds, funds of hedge funds, prime brokers and fund administrators use Cogency’s solutions to manage and scale their businesses. Cogency has recently launched its latest release of Fund of Hedge Funds Insight ™, a comprehensive accounting, operations, administration and workflow solution for the unique requirements of Fund of Hedge Funds. For more information, visit www.cogencysoft.com

About Alternative Investment Group
Founded in 1996, Alternative Investment Group is an independent investment management firm whose mission is to identify the best alternative investment managers and construct actively managed, diversified investment portfolios. The firm is entirely owned and managed by its partners, who have a strong track record in alternative asset investing, including manager selection, due diligence and monitoring, portfolio construction, risk management, and operations. Its investor base consists of endowments, foundations, entrepreneurs and professional investors from the venture capital and private equity communities.

About Collins Capital
Collins Capital Investments LLC, is an independently owned and operated firm managing $700 million in assets; it offers four highly-diversified and distinct hedge fund of funds strategies. Founded in 1995, the firm continues to deliver consistent positive absolute returns to its investors which include high net worth individuals, foundations and endowments, non-profit organizations, retirement plans and corporations. Collins Capital’s successful ten-plus year track record can be attributed to the depth and breadth of its investment team, which collectively has more than 100 years in investment experience, and its dedication to reducing risk while enhancing returns through diversification, non-correlation, superior manager selection and continuous due diligence.