MANTAS COMPLIANCE SOLUTION SELECTED BY BEAR STEARNS FOR ANTI-MONEY LAUNDERING AND TRADING COMPLIANCE

NEW YORK, NY. (September 26, 2005) – Bear Stearns has selected the Mantas Compliance portfolio for Anti-Money Laundering and Trading Compliance.

Mantas Anti-Money Laundering and Trade Surveillance will further enhance Bear Stearns’ compliance monitoring capabilities with respect to multiple behaviors across their operations globally. Peter Cherasia, chief information officer of Bear Stearns, stated, “Bear Stearns takes its compliance and trade surveillance responsibilities very seriously. After an extensive review of the market, Mantas was the best choice. We are pleased with our selection and the progress we have made during the implementation.”

CEO of Mantas, Simon Moss stated, "We are delighted that Bear Stearns has chosen Mantas. The depth of our solution, the breadth of our products and people, and our proven ability to bring value to market quickly differentiates Mantas from the market. Bear Stearns joins an accelerating list of firms that look to Mantas to help solve Compliance and Operational Risk issues that few, in scale and ability, can aspire to.”

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