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NEW YORK, JANUARY 16, 2009 - eBusinessware, provider of innovative services and solutions to top-tier financial services firms, today announced that it has hired well known wealth management industry consultant Gary Jones to help drive the growth of its wealth management technology business line.

"We are committed to growing our wealth management technology business line and offering the wealth management industry a range of top-quality services and solutions that help the industry achieve greater efficiency," said Ed Hoofnagle, president, eBusinessware. "Gary's knowledge and experience in the industry and support of the Money Management Institute (MMI) effort make him a great addition to our team and the right person to help us achieve our goals." eBusinessware offers a range of products and services for the wealth management industry, as well as a proven ability to deliver on client-defined projects. The Questionnaire Hub™, a web-based application that eBusinessware is currently piloting, offers investment managers an efficient solution for the quarterly questionnaire process required by sponsor firms. The company is also developing capabilities that will help support adoption of the MMI - MASS Committee industry messaging standards effort.

Jones joins eBusinessware with more than 20 years of experience in the managed solutions industry. Through his own consulting firm he continues to support the MMI effort to bring greater efficiency to the managed solutions industry, as he has since 2006. Prior to joining the MMI effort, Mr. Jones was a member of the management team leading the Merrill Lynch managed solutions business. He has served in various leadership capacities and brings significant experience in leading multiple technology and operations projects, product development, website development and data mining.

ABOUT MMI
Since 1997 MMI has been the leading voice for the global financial services organizations that provide advice and professionally-managed solutions to individual and institutional investors. Through industry advocacy, educational initiatives, regulatory affairs, data reporting and professional networking, MMI supports and advances the growth of managed investments. Our members' advice-driven investment solutions are responsive to an evolving worldwide financial landscape and their organizations are committed to the highest standards of fiduciary responsibility and ethical conduct.

For more information, visit www.mminst.org

Although legal entity data services is still a relatively small market, vendors are seeing rapid growth within it. Pending regulatory deadlines through 2008 are driving a 200% average annual growth rate in spending in this market...

Boston, MA, December 4, 2006 – According to a new impact report by Aite Group, LLC, Aite Group expects that by 2010, over 10% of the total spending within Enterprise Data Management will be for legal entity data management. This report highlights four vendors that provide products that help facilitate customer and counterparty data cleansing and management, including: Avox, CounterpartyLink, CreditDimensions, and D&B. Vendors were asked 64 questions regarding corporate information, product overviews, data information, origination, distribution, regulatory examination, and services.

According to Adam Honoré , author of the report, "To remain compliant, to control risk, and to understand their customers, firms need to clean their customer and counterparty data. Given the current propensity to outsource the 'plumbing', or anything that does not create a proprietary competitive advantage, data cleansing services are in the right market at the right time." The analyst adds, "Vendors need to be willing partners with their customers regarding regulatory inquiries and compliance initiatives."