BOSTON, June 11 /PRNewswire/ --

Eagle Investment Systems LLC, a leading provider of financial services
technology and a subsidiary of The Bank of New York Mellon, today announced
that Ark Asset Management Co., Inc. (Ark), a leading investment management
firm in the institutional marketplace, will transition its installation of
the Eagle investment management suite, which is currently managed in-house,
to the Eagle ACCESS application service provider.

In 2003, Ark implemented Eagle's data management, accounting, and
performance solutions to leverage the advanced functionality, flexibility and
scalability they provided. Since then, Ark has incrementally shifted its
technology strategy from internally managing its middle- and back-office
systems to a total outsource model. The migration to Eagle ACCESS will be the
final step in the process. Once completed, it will allow the firm to focus on
growing its asset management business, improving its IT infrastructure and
reducing its number of committed resources.

"When we began our relationship with Eagle years ago, our initial goal
was to acquire a data management, performance and investment accounting
system that offered flexibility, ease-of-use and scalability, and Eagle's
solutions have certainly met this need," said Gillian Plastaras, chief
administrative officer of Ark Asset Management Co., Inc. "As our firm has
evolved, we have shifted our focus to leveraging Eagle's robust solutions to
our maximum benefit, without the costs and need for additional resources
dedicated to managing and maintaining an in-house platform."

Since 2004, Ark has outsourced all of its IT and middle- and back-office
operations to iX Partners, including Ark's technology-related staffing,
vendor management and service delivery requirements. iX Partners will
continue managing the remaining in-house technology and will interface
directly with Eagle ACCESS on Ark's behalf.

"For a few years now, Ark has been using hosted and outsourced solutions
to run its IT and investment operations," said Paul Cucurullo, managing
partner of iX Partners. "This is Ark's next step in the direction of moving
all systems off site to allow its business leaders to focus on core business
competencies. As a strategic partner of Ark's we will use our Eagle and
investment management operations expertise to leverage Eagle ACCESS'
outstanding capabilities and to continue in our strategic and tactical role
with Ark."

"In today's economic state, we have noticed a trend where many firms like
Ark want to concentrate on core business needs and allow service providers to
manage the scheduled upgrades, disaster recovery, and other technology
requirements," said John Lehner, president of Eagle. "By leveraging the Eagle
ACCESS model, Ark will be able to reduce its infrastructure overhead and
repurpose those resources toward expanding its business and servicing
investors."

About Ark Asset Management Co., Inc.

Ark Asset Management Co., Inc. ("Ark") manages US equity and US fixed
income assets for institutional clients, including sub-advisory relationships
for pooled vehicles. The firm has substantial experience managing portfolios
in all types of market environments and is committed to delivering quality
investment management and service to our clients. Ark offers six primary
investment strategies; each adheres to an established investment process and
is aligned to a particular index. Ark is an independent, employee-owned
investment adviser. For more information about Ark, please contact Lynda
Leslie, Director of Client Services at lleslie@the-ark.com.

About iX Partners, Ltd.

iX Partners is a leading provider of middle and back office services and
solutions to the global asset management and financial services communities.
They are led by industry professionals with several decades of extensive
experience managing and servicing the investment operations and technology
functions of asset management and other financial firms. Through its support
of critical service areas, the iX team has developed the in-depth
understanding of transactions and positions processing, management, and
reporting that are the cornerstone of effective investment decision support.
iX Partners clients include leading asset managers, investment banks, ratings
agencies, and financial information providers for whom we have provided both
large-and small-scale solutions. Please visit the iX Partners website,
www.ixpartners.com , for additional information.

About Eagle Investment Systems

Eagle Investment Systems LLC is a global provider of financial services
technology, serving the world's leading financial institutions. Eagle's
Web-based systems support the complex requirements of firms of any size
including institutional investment managers, mutual funds, hedge funds,
brokers, public funds, plan sponsors and insurance companies. Eagle is
committed to providing enterprise-wide, leading-edge technology and
professional services for investment accounting, data management, performance
measurement and information delivery. Eagle's product suite is offered as an
installed application or can be hosted via Eagle ACCESS, Eagle's application
service provider. To learn more about Eagle's solutions, contact
sales@eagleinvsys.com or visit www.eagleinvsys.com .

About The Bank of New York Mellon

The Bank of New York Mellon Corporation (NYSE: BK) is a global financial
services company focused on helping clients manage and service their
financial assets, operating in 34 countries and serving more than 100
markets. The company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals, providing superior
asset management and wealth management, asset servicing, issuer services,
clearing services and treasury services through a worldwide client-focused
team. It has more than US$23 trillion in assets under custody and
administration, more than US$1.1 trillion in assets under management and
services US$12 trillion in outstanding debt. Additional information is
available at bnymellon.com.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialized asset servicing capabilities, including custody and fund
services, securities lending, performance and analytics, and execution
services. BNY Mellon Asset Servicing provides services through The Bank of
New York, Mellon Bank, N.A. and other related companies.

Web site: http://www.eagleinvsys.com
              http://www.ixpartners.com
              http://www.bnymellon.com