End-to-end portfolio management tool from ClariFI reinforced with NAG components

August, 2005. ClariFI, creators of the only integrated solution for end-to-end quantitative portfolio management), and Numerical Algorithms Group, source of many of the world's most rigorously tested and robust mathematical, statistical, and data mining components), announce a software development partnership that assures ClariFI ModelStation' users access to select routines from the world renowned NAG C Library. ClariFI plans to maintain its thrice-yearly schedule of customer-driven upgrades, incorporating additional NAG routines as required.

Gioel Molinari, ClariFI Chief Technical Officer comments, 'Many of ClariFI's customers are sophisticated asset managers and other quantitative analysts who are familiar with NAG's well-deserved reputation for high quality, fast, and robust algorithms. Because our product is in constant development, access to NAG's library of routines is very attractive since it helps us incorporate new features relatively quickly and speed development time.'

ModelStation is the world's first platform to integrate factor analysis, trading strategy construction and portfolio risk management with cutting edge optimization techniques. Windows-based ModelStation combines best of breed numerical routines with novel data integration and ease-of-use features for all life cycle stages of quantitative portfolio management'from research to production of investment strategies.

Rob Meyer, NAG CEO, remarks, 'NAG is extremely pleased to be associated with the outstanding ModelStation product from ClariFI and the valuable innovations ClariFI has brought to the financial management industry. ClariFI's ability to combine very high end numerical functionality with ease-of-use and flexibility is a truly significant contribution to the asset management community.'

About ClariFI Inc.

ClariFI, of Boca Raton, Florida, is a privately held solutions provider to the quantitative fund management industry and counts leading financial institutions among its clients including CSFB, Deutsche Bank, SDS Capital and Wachovia Securities. The company specializes in securities modeling software and risk management services and has developed the industry leading ModelStation(tm) product line. Additional information about ClariFI can be found at www.clarifi.com.

About Numerical Algorithms Group

NAG is a 30-year-old company dedicated to making cross-platform mathematical, statistical and data mining components and tools for developers as well as 3D visualization application development environments. It operates worldwide with offices in Chicago (USA), Oxford (UK), and Tokyo (Japan). Today it serves over 10,000 sites worldwide in finance, engineering, and scientific research as well as industry partners such as Oracle, IBM, AMD, and many others.

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