TheNextRound Named Finalist for CompTIA SoftwareCEO Software Innovation Awards

Business Wire, August 14, 2007

WESTBOROUGH, Mass. -- TheNextRound (www.TheNextRound.com), a leading provider for Software Solutions for the Private Equity, Venture Capital and Hedge Funds Industry announced today that the Computing Technology Industry Association (CompTIA), the leading trade association for the world's information technology (IT) industry, has named TheNextRound's TNR Solution a finalist in the inaugural CompTIA SoftwareCEO Software Innovation Awards. TheNextRound is one of the three finalists in the "Most Innovative Vertical Industry Software" category. These awards recognize the industry's efforts and accomplishments in bringing innovative software products and new business models to market

TheNextRound, Founder and CEO Vipul Minocha said, "It is an honor and a privilege to be recognized as a finalist by a respected organization such as CompTIA. Our growth, market share and this recognition by industry experts validates our vision of providing an integrated platform for the Alternative Investment community."

David Sommer, vice president, e-business and software solutions, CompTIA, said, "The software industry is driven by its ability to develop innovative ideas; and to turn those innovations into products that deliver real business value to customers. The inaugural SoftwareCEO Software Innovation Awards will single out the companies that have made technological or business model breakthroughs in the highly competitive software market."

Six judges chose award finalists: Winton Churchill, Churchill Sales Cycle Solutions, Inc.; Gordon Graham, editor, Software CEO; Robert Dubicki, Agili-T Group; Bruce Hadley, founder, SoftwareCEO; Mark Paul, Synergy Consulting Group, Inc.; and David Sommer, vice president, e-business and software solutions, CompTIA. Judging criteria included the scope of the problem or opportunity addressed by the software, the practical impact of the software innovation and the novelty of the innovation as compared to traditional ideas or processes.

About CompTIA

In 2007, CompTIA is celebrating its 25th anniversary. Just as the information technology (IT) industry it serves has grown, CompTIA has also enjoyed remarkable growth over the past 25 years. The organization was founded by representatives of five micro-computer dealerships working together to find better ways to do business. For more information, please visit: www.comptia.org.

About TheNextRound, Inc.

TheNextRound (www.TheNextRound.com) is a leading provider of front and back office software solutions to Private Equity and Alternative Investment fund managers and investors. The software is used by General Partners, Limited Partners, Fund of Funds, Hedge Funds, and Service Providers in more than 15 countries. TheNextRound is headquartered in Westborough, Massachusetts, USA and also has offices in New York and London.