Business Services Industry

TNR Solution from TheNextRound, Inc. Named Top Ranking Private Equity Software

Business Wire, August 3, 2004

WESTBOROUGH, Mass. -- TheNextRound, Inc. announced today that its TNR Solution(TM) was named the top ranking software solution for Private Equity firms in an independent study by Private Equity International.

The 220 page study, Private Equity Technology - Assessing the Alternatives, rates 14 software companies on a variety of performance indicators, including business process, deal flow management, portfolio management, administration, and operations.

The primary objective of this industry report is to provide the reader with a comprehensive understanding of information technology as applied to the Private Equity context. The study covers the importance and risks of technology, how technology specifically applies to the modern Private Equity firm, and includes a detailed analysis of the solutions available to Private Equity firms today. The guide is supported by a survey of investors' use of and attitudes towards technology, along with a unique directory of Private Equity technology providers and their products/services.

"Today's Private Equity firms rely on the seamless exchange of investor, portfolio and financial data more than ever before," said Vipul Minocha, President of TheNextRound. "To effectively gather, store, and share that information they need both products and services that meet their unique needs. By forming strong partnerships with our clients we are able to understand their needs and provide them with the right solutions," Minocha said.

About TheNextRound, Inc.

TheNextRound is a leading provider of front and back office software solutions to the Private Equity and Alternative Investment communities. TNR Solution(TM) utilizes the latest technology and is built on Microsoft's .NET framework. The software is used by General Partners, Limited Partners, Fund of Funds, Hedge Funds, and Service Providers. Sample clients include Bain Capital, Parthenon Capital, Nokia Venture Partners, Columbia Endowment, Advent International, bcIMC, ONEX Corporation, Softbank, Mobius Venture Capital, and others.

About Private Equity International

Private Equity International is the global magazine for Private Equity, and one of the most widely read and recognized monthly publications on Private Equity and venture capital. Written by one of the most highly regarded editorial teams with over thirty years combined experience in the industry, PEI delivers fresh news and insight on how the asset class is developing worldwide.

To order your copy of the Private Equity Technology study, please visit www.privateequityinternational.com/technology.>