GREENWICH, CT, September 28, 2005 INDATA, a leading industry provider of software solutions for buyside firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office, today announced that SKY Investment Group LLC, a Connecticut-based investment advisor which specializes in tax-sensitive core equity and balanced account management for private investors is now live with the INDATA I.M.S. system for portfolio modeling, pre & post trade compliance, trade order management, portfolio accounting and reporting.

"The INDATA system allows us the ability to seamlessly run our business from end-to-end, from the compliance and OMS standpoint through to back office accounting and client reporting," said Robert Bingham, President of SKY Investment Group LLC. "After using Advent at our previous firm, we were looking for a system that could simply do more," continued Bingham. "We found the flexibility of the INDATA system and its Microsoft SQL driven, open database far superior to other products. It gives us an immediate competitive advantage by allowing us to manage rapid growth, increase the productivity of our portfolio managers and service our client's varying information needs."

"Entrepreneurial business leaders need fast, efficient technology at a competitive price," said David Csiki, managing director of INDATA. "In order to manage growth, the operational processes must be streamlined," continued Csiki. "Both new and well-established firms are turning to INDATA to better manage the entire investment process. We welcome SKY Investment Group LLC to our fast growing client base."

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