Contango Capital Advisors Selects Eagle's ASP to Host Data Management and Performance Measurement Solutions


BOSTON, January 20 /PRNewswire/ --

Eagle Investment Systems LLC, a leading provider of financial services
technology and a subsidiary of The Bank of New York Mellon, announced that
Contango Capital Advisors will transition its installation of Eagle's data
management and performance solutions, currently managed in house, to Eagle
ACCESS(SM), Eagle's application service provider.

Contango selected Eagle in 2004 to help centralize and manage its data to
improve its management reporting capabilities. In 2008, Contango analyzed its
internal systems in search of areas where costs could be reduced. As a
result, the firm elected to move its middle and back-office applications to a
hosted service. Contango will continue to leverage the same technology and
functionality to manage and report its assets, with the added benefit of a
service that will manage its technology, including upgrades, systems support
and ownership of hardware and databases.

"Today, investment firms are seeking ways to cut budgets and reduce costs
quickly. The efficiency and cost savings opportunities associated with Eagle
ACCESS led to Contango's decision to transition to this service," said Brian
Bichler, Contango's chief investment officer. "We expect to see a 30% annual
cost reduction by moving to Eagle ACCESS and will likely realize a full
return on our investment by the end of the second quarter in 2009."

Eagle's hosted service, Eagle ACCESS, provides investment managers of all
sizes with solutions for data management, investment accounting and
performance measurement and attribution, combined with competitive pricing
and a high level of service.

"We're seeing a shift in our industry where investment managers are
demanding functionality, scalability and 24x7 access in a hosted environment
to eliminate the time and money spent on managing systems," said John Lehner,
president of Eagle. "Firms are looking for fiscally conservative options for
managing their business. As a result, we've seen our Eagle ACCESS business
grow significantly over the last 12 months, and our pipeline is similarly
strong."

Contango Capital Advisors, Inc. (http://www.contangoadvisors.com), the 
wealth management arm of Zions Bancorporation, offers an innovative approach 
to managing assets. It focuses on individuals' real-life goals and uses 
sophisticated analytical techniques and risk-management tools to design 
clients' investment portfolios. Contango is an entrepreneurial organization 
backed by one of the nation's premier financial services companies.

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(SM), Eagle's
application service provider. To learn more about Eagle's solutions, contact
sales@eagleinvsys.com or visit www.eagleinvsys.com.

BNY Mellon Asset Servicing offers clients worldwide a broad
spectrum of specialised asset servicing capabilities, including custody and
fund services, securities lending, performance and analytics, and execution
services. BNY Mellon Asset Servicing offers its products and services through
The Bank of New York Mellon and other subsidiaries of The Bank of New York
Mellon Corporation.

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 through its subsidiaries and affiliates 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 US$22.4 trillion in
assets under custody and administration, approximately US$1.1 trillion in
assets under management and services approximately US$12 trillion in
outstanding debt. Additional information is available at www.bnymellon.com.

© PR Newswire Association LLC.

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