Cogency Software Signs Two More Clients To it’s Fund of Hedge Funds Insight™ Platform

Burlingame, CA - 28 November 2006. New York and California-based fund of funds managers choose Cogency’s solution for accounting, operations and investor relations  Cogency Software, Inc., a provider of integrated management solutions for the alternative investment industry, today announced the signing of two new clients for its Fund of Hedge Funds Insight TM solution. New York-based Terrapin Asset Management LLC and a $2 billion investment firm located in California became the fourth and fifth clients of the product since Cogency shifted its marketing focus to the fund of funds sector six months ago.

“These two new relationships are further validation of our emerging leadership in providing the industry’s best solutions to improve operational efficiencies for fund of fund managers, administrators and related service providers,” said Jay McEntire, president and CEO of Cogency Software. “Our sales activity in this space has been steadily accelerating in recent months, and we anticipate adding several new fund of funds clients in the very near future.The feedback we are getting from the marketplace is that Cogency has the only product out there that offers portfolio accounting, partnership accounting, performance reporting, cash management, liquidity reporting, governance and compliance reporting, statement generation and investor reporting all in a single platform specifically built for the fund of hedge funds sector,” McEntire added.

Another component of Cogency’s fund of funds strategy entails helping clients to preserve their investment in technology by offering an open architecture. One new client had spent the past year implementing SS&C’s Fundrunner Investor Relations Module (IRM), and will integrate Cogency’s accounting and performance results with this application. Other clients have done similar, successful integrations with other IRMs like Pertrac’s CMS, while some have chosen to adopt Cogency’s Investor Insight™ investor relations solution.

“We had been seeking a system that would allow us to create a more streamlined, efficient workflow process and selected Cogency’s system after a thorough review of available alternatives that were being marketed to fund of funds,” said Terrapin Managing Partner John Frawley. “We’re confident that by implementing Cogency’s solutions, we will significantly enhance the level of service provided to our clients.”

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. Our solutions enable clients to gain access to data from limitless sources around their businesses, transform that data into useful information and put it into immediately effective context--enabling them to take action and seize important opportunities that drive revenue and client satisfaction. Cogency Software is headquartered in Burlingame, California. For more information: www.cogencysoft.com or 650.685.2500.

Cogency Software is headquartered in Burlingame, California. For more information: www.cogencysoft.com or 650.685.2500.

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