Odyssey Financial Technologies Offers Redi2 Revenue Manager(TM) as Part of Its Wealth and Asset Management Platform



    OAKLAND, Calif., March 17 /CNW/ -- Redi2 Technologies, a leading provider
of sophisticated yet simple-to-use fee billing solutions for the global
financial services industry, and Odyssey Financial Technologies, a global
provider of private wealth, separately managed accounts/unified managed
accounts, and asset management solutions and services, today announced a new
global partnership to offer Redi2 Revenue Manager(TM) as the fee billing and
revenue billing component of Odyssey's wealth management platform. The new
partnership rounds out Odyssey's offering with an automated solution that
easily handles complex fee billing calculations and invoice generation.
    To accommodate the rapid growth and complexity of fee billing in the
financial services industry, such as the unified managed accounts (UMA) market
segment, Odyssey began searching for a more robust fee billing solution in
early 2007.
    "After careful research, Odyssey found Redi2 Revenue Manager to be a
flexible and functionally advanced component to complement our widely deployed
portfolio management platform," notes Walter Makarucha, Odyssey Managing
Director of Business Solutions Development - North America. "This partnership
supports our strategy to provide the most complete wealth management platform
to the UMA marketplace in North America."
    Under the new licensing and reseller agreements, Odyssey will initially
offer Redi2 Revenue Manager to its North American clients.  The next phase of
the relationship is expected to target Odyssey's European client base, which
includes more than 180 financial institutions in 30 countries and 15 of the
top 25 European banks.  Redi2 has begun integration and testing, and the first
joint installation went into production in December 2007.
    "With a strong European client base and a growing presence in North
America, Odyssey was seeking to forge a formal relationship with a US-based
firm to extend its capabilities and global presence," says Seth Johnson, CEO
of Redi2 Technologies.  "We look forward to helping Odyssey deliver superior
fee billing and revenue management functionality to strengthen their client
relationships, both here and abroad."
    
    About Redi2 Technologies
    
    Redi2 Technologies is a leading software provider that exclusively
focuses on fee billing software for the global financial services industry,
including institutional asset management, managed accounts, private wealth,
mutual funds, custody and alternative investment firms as well as third party
outsource providers. Based in Oakland, Calif., Redi2 offers flexible, feature-
rich solutions that help firms streamline operations, improve cash flow,
reduce costs, enhance client service and meet compliance obligations. Redi2's
flagship fee billing and revenue management solution, Redi2 Revenue
Manager(TM) features an advanced yet intuitive user interface and user-
definable workflow and calculation rules. Redi2 Revenue Manager can be
deployed via a software as a service (SaaS) model or in-house on industry-
standard relational databases and operating systems, easing integration with
third party solutions, including accounting, performance measurement and
customer relationship management (CRM) systems. For more information, please
visit www.redi2.com
    
    About Odyssey Financial Technologies
    
    Odyssey is an industry leader in the global provision of private wealth
and asset management solutions and services. More than 180 financial
institutions in 30 countries have chosen Odyssey solutions; of the top 25
European banks, 15 are Odyssey customers. Odyssey focuses on providing a
comprehensive range of components for portfolio management, advisory, customer
relationship, compliance, risk, and analytics. The components are deployed on
a single scalable wealth and asset management platform, facilitating the
enterprise-wide implementation of solutions and data management. Founded in
Luxembourg in 1995, Odyssey has offices in the key financial centres,
including London, New York, Singapore, Zurich, Frankfurt, Brussels, Geneva,
Madrid and Tokyo. Odyssey's operational head office and main development
centre is located in Lausanne, Switzerland. Throughout this knowledgeable
network Odyssey employs more than 420 professionals.
    For more information, please visit www.odyssey-group.com.




For further information:

For further information: Monica VanHorn, Catalyst Communications, 
mvh@catalystcomm.com, +1-212-763-8518, cell, +1-917-446-6358; Odyssey 
Financial Technologies, In North America, Molly Somwaru, +1-212-336-8440, 
msomwaru@odyssey-group.com, or In Europe, Valerie Michiels, + 352-42-60-80-1, 
info@odyssey-group.com Web Site: http://www.redi2.com                 
http://www.odyssey-group.com

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REDI2 TECHNOLOGIES

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ODYSSEY FINANCIAL TECHNOLOGIES

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