Ramius Capital Group Live On Cogency Alternative Investment

Business Wire, May 13, 2004

Business Editors/High-Tech Writers

BURLINGAME, Calif.--(BUSINESS WIRE)--May 13, 2004

Cogency Software, Inc., provider of Smart Enterprise Solutions(TM) for the financial services industry, today announced the successful implementation of its Cogency Alternative Investment(TM) at New York-based Ramius Capital Group.

"Cogency Alternative Investment brings a new level of efficient management reporting to hedge fund managers," said Jeffrey Solomon, a Managing Member of Ramius Capital Group. "We are now in production with the application and have already realized tremendous operational efficiencies. The Cogency team has worked tirelessly to meet our objectives and we are continuing to work together to extend the application. The Cogency solution is already providing a clear return on our investment and will continue to enhance our existing institutional infrastructure as we grow," added Solomon.

Cogency Alternative Investment is the first complete solution for enterprise-wide data aggregation, monitoring and management. Specifically designed for hedge fund managers and executives, Cogency Alternative Investment enables users to aggregate any array of disparate internal and external business data, apply complex business rules, perform sophisticated analysis, monitor that data and then make profit-driving actionable decisions -- all with complete automation and in real-time.

"We are proud to see Ramius Capital Group make such powerful use of Cogency Alternative Investment and leverage our solution to support the innovation, growth and high-rate of return for which they are known throughout the industry," said Sameer Shalaby, president and CEO, Cogency Software. "We believe this is proof-positive validation that Cogency offers hedge funds a heretofore unavailable and tremendously beneficial solution for data aggregation and risk and exposure management."

About Cogency Software

Cogency accelerates business performance by providing Smart Enterprise Solutions(TM) to the financial services industry. Alternative investment firms, banks, asset managers, insurance companies, and their service providers use Smart Enterprise Solutions to manage and scale their businesses. Our solutions enable clients to gain access to data from limitless sources around their businesses, transform that data into useful information, and put it into immediately effective context -- enabling them to take action and seize important opportunities that drive revenue and client satisfaction. Ramius Capital Group currently owns 1.5% of Cogency Software.

Cogency Software is headquartered in Burlingame, California. For more information: www.cogencysoft.com or 650-685-2500.