Hedge Fund CRM and Compliance Vendor Netage Solutions Appoints East Coast Sales Manager

Body Text: CAMBRIDGE (MA) – 7 September, 2005 – Netage Solutions, a leading global provider of front-office software for the alternative assets industry - hedge funds, private equity, venture capital and funds of funds – today announced the further expansion of its sales team with the appointment of Mark Bimonte as Regional Manager for East Coast operations and head of Netage’s New York office. Mark will work to expand the company’s operations in the New York area and respond to the increasing demand for Netage’s suite of hedge fund software products, InvestorDynamo™.

"We are very excited to add Mark to our sales team", said Stuart Sheppard, VP of Sales for Netage Solutions. "He is a seasoned sales professional with a proven track record in the highly competitive alternative assets software market. As more and more hedge funds are seeking effective ways to improve investor relations and address compliance requirements, we are now well-positioned to meet the needs of a growing list of prospects and customers."

Mark Bimonte brings to Netage six years of sales experience in the alternative assets software industry. Before joining Netage, Mark held several sales management positions at an investment information data provider and leading hedge fund software vendors. His responsibilities included directing a sales team in promoting flagship enterprise applications, sales coaching, and territory management.

"I am pleased to assume the position of East Coast Sales Manager and work closely with an outstanding team of professionals at Netage" said Mark Bimonte. "Our company is committed to proactively addressing the needs of existing and prospective hedge fund clients, continually developing additional features for our InvestorDynamo suite and surpassing customer expectations."

The New York City office is the latest step in the company’s global expansion after its offices in Boston, San Francisco, London and Sofia.

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