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Savvysoft #1 Derivatives Analytics Vendor In Risk Magazine Customer Surney

Firm captures top spots, beating out much larger and more expensive rivals



New York, December 15, 2004 -- In its first-ever technology survey, Risk Magazine, the premier derivatives publication, has awarded Savvysoft top rankings across the board for trading analytics and risk management, including two #1 rankings.

Savvysoft ranked #1 in Interest Rates, and #1 in Structured Products. Savvysoft was the only analytics vendor to place in the top 10 overall from a field of nearly fifty companies representing the universe of derivatives software in use at the worlds leading financial firms. Savvysofts number one placements in Interest Rates and Structured Products are particularly impressive as Savvysoft handily beat out not just its direct competitors, the analytics vendors, but also the suppliers of front to back office systems whose products cost 10 to 100 times as much as Savvysofts.

"Were very pleased and gratified that our clients have rewarded us with scores that far surpassed those of companies that are much bigger than Savvysoft," said Rich Tanenbaum, founder of Savvysoft. "Were especially proud of our performance in this type of survey. Its a customer satisfaction survey, and the opinion of a companys customers is ultimately the bottom line measure of a products strengths: both the software, and the support."

In addition to ranking #1 in Structured Products and Interest Rates, Savvysoft ranked in the top five in FX, Market Risk, Credit, and Cross Asset. No other firm had as many top placements in the analytics categories as Savvysoft.

Risk Magazines #1 rankings come on the heels of Euromoney magazine awarding Savvysoft a #1 ranking in two out of four overall categories: Service/Support and Return on Investment, in addition to many top rankings in individual categories. In that survey, Savvysofts customers gave it astoundingly high average marks of 99 out of 100.

Full results of Risk's Financial Technology Survey are available in Risks December edition.

About Savvysoft

Savvysoft is a New York City-based provider of high-caliber OTC derivatives analytics, portfolio and risk management systems, and market-implied corporate default rates. Savvysofts analytical products handle OTC derivatives in many markets including: equities, interest rates, FX, commodities, convertibles, MBS, electricity, energy, and credit. Savvysoft products are used by thousands of institutions in 15 countries worldwide. The institutions include top-tier banks, dealers, brokers, money managers, energy suppliers, corporate treasurers, auditors and consultants. Savvysoft was founded by Rich Tanenbaum, the head of Derivatives Research at Bankers Trust (now Deutsche Bank). Rich was a founding member of the first OTC derivatives desk on Wall Street at Bankers Trust. Savvysoft's corporate headquarters are located at 17 State Street, 4th Floor, New York, NY 10004 U.S.A. Tel: +1 212-742-8677; Fax: +1 212-425-8677; Web: www.savvysoft.com, www.turboexcel.com

All product names referenced herein are trademarks of their respective companies.

Contact: LeeAnn Chen (212) 742-8677 leeann@savvysoft.com

 

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