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Redi2 partners with DTCC

June 27, 2007

New service helps standardize communications between sponsor firms and asset managers OAKLAND, Calif., June 26 /PRNewswire/ -- Redi2 Technologies, a leading provider of sophisticated yet simple-to-use fee billing solutions for the global financial services industry, today announced that it has joined DTCC's (Depository Trust & Clearing Corporation) new Managed Accounts Service. This service will provide a centralized platform to streamline communications between sponsors and asset managers. Scheduled to go live later this year, the service will reduce risk and costs for asset managers while enhancing and improving the accuracy of processing for sponsors and their clients.

Redi2 joins a select but growing list of service providers linking to DTCC's platform, which will help standardize the managed accounts processing lifecycle from account opening to fee billing and revenue management. Redi2 is now working in DTCC's test environment to develop adaptors that enable clients to plug directly into DTCC's Managed Account Service.

"Leveraging our global client base will speed DTCC's time to market while giving our clients cost-efficient access to a vast managed accounts network," notes Seth Johnson, CEO of Redi2 Technologies. "This standards-based platform will further benefit market participants by promoting straight-through processing for fee reconciliation in this rapidly growing segment of the global financial industry."

Redi2 clients will have the option of accessing DTCC's Managed Accounts Service without having to build connectivity themselves. DTCC announced plans to develop the service in September 2006, and charter users include two Citigroup divisions: Smith Barney Consulting Group and Global Transaction Services (GTS).

"We are pleased that Redi2 is joining this initiative to foster standardization through the connectivity they provide as one of the leading vendors in this market segment," says Ann Bergin, general manager and managing director of DTCC's Wealth Management Services. "We look forward to welcoming additional participants to help drive momentum for this cooperative industry effort."

Redi2 president and chief operating officer Fermin Garcia will be addressing managed accounts standardization as a panelist at "Managed Accounts Solutions: Moving Forward with MMI Data Standards and the DTCC Platform" in New York on Wednesday, June 27. To register for this event, visit http://www.moneyinstitute.com/downloads/2007/05/registration-form.pdf .

About DTCC

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 2.8 million securities issues from the United States and 100 other countries and territories, valued at $36 trillion. Last year, DTCC settled more than $1.5 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit http://www.dtcc.com .

About Redi2 Technologies

Redi2 Technologies is a leading provider of fee billing solutions to 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 on all 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, visit http://www.redi2.com .

SOURCE Redi2 Technologies -0- 06/26/2007 /CONTACT: Monica VanHorn of Catalyst Communications, +1-917-446-6358, mvh@catalystcomm.com, for Redi2 Technologies/ /Web site: http://www.redi2.com http://www.dtcc.com / CO: Redi2 Technologies; Depository Trust & Clearing Corporation ST: California IN: FIN CPR STW SU: PDT TDS DP-CF -- NYTU055 -- 5354 06/26/2007 09:43 EDT http://www.prnewswire.com

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