MILAN and LONDON, July 20 /PRNewswire/ --

- Alliance Couples Market-Leading Enterprise Data Management Technology 
With Proven Outsourcing Capabilities and Strong Local Presence

Kedrios, a SIA-SSB Group company specialising in back office
products, services, IT and administration outsourcing for Italian financial
institutions, has signed a strategic agreement with GoldenSource Corporation,
a global provider of enterprise data management solutions, to provide a
hosted data management service to banks, investment managers and brokers in
Italy. The new service, called Kedrios Data Management (KDM), will be powered
by GoldenSource's Enterprise Data Management (EDM) solution and provide users
with a centralised source of golden copy data for critical business
processes, reducing potential risk and error.

Together, Kedrios and GoldenSource will bring a
cost-effective, data management service to one of Europe's fastest growing
financial markets. Kedrios' expertise in delivering outsourced solutions to
Italian financial institutions will reduce time-to-market and facilitate the
delivery of core data management capabilities without a need for extensive IT
and business resource. The service will also have flexible user billing
models, including pay-by-usage.

According to recent Tower Group research*, inaccurate or
inconsistent reference data and poor data management processes continue to
play a significant role in settlement delays, accounting for nearly 60% of
all failed trades. KDM will reduce risks and costs for users by creating a
trusted set of data which identifies and links information on products,
customers and counterparties. By centralising and validating data, KDM will
also reduce fragmentation and duplication of reference data used for
downstream applications and improve the quality of information distributed
throughout the enterprise.

"Thanks to the alliance with GoldenSource we are able, for the
first time in Italy, to provide financial institutions with a new service
that can radically change their way of managing financial data and support
them in their daily processes towards the final investor," said Gian Bruno
Mazzi, CEO of Kedrios. "Today, industry operators need to have at their
disposal efficient tools for the integration and processing of financial data
flows which increasingly represent a strategic resource for all business
processes, and a guarantee of transparency and customer protection."

Neil Vanlint, Managing Director EMEA, GoldenSource, added:
"Kedrios is an ideal alliance partner for GoldenSource to accelerate the
adoption of EDM in the Italian marketplace. The combination of GoldenSource's
market-leading functionality, Kedrios' local knowledge, and its track record
in operational outsourcing will deliver solutions with the time-to-market and
total cost of ownership benefits the market demands. Enterprise data
management has emerged as a global priority right now, and our alliance with
Kedrios is further illustration of GoldenSource's commitment to key European
markets."

Through KDM, users will be capable of implementing customised
rules and procedures for the collection, validation and comparison of data
(securities and counterparts, corporate actions and prices) from different
internal and external sources (information providers) used on a daily basis
to support critical business processes. These capabilities will allow users
to align their data management strategy with best practice recommendations
from influential trade associations such as the EDM Council and maintain the
product, market and customer classifications needed to meet MiFID standards.

* The State of Reference Data Management: Results from the
2008 TowerGroup Reference Data Survey, TowerGroup (September 15, 2008)

KEDRIOS, a SIA-SSB Group company, specializes in the design,
development and offering of applicative, administrative and consultancy
services for financial market players. The know-how gained in significant
projects has allowed Kedrios to present itself as a partner capable of
sharing with the Client a valid business process model for the outsourcing of
back office activities. The offering is completed with consultancy and market
data dissemination services. The attention Kedrios pays to market evolutions
has promoted the development of Market Abuse and MiFID solutions. The company
employs around 250 professionals and has offices in Milan and Rome.

SIA-SSB, European leader in information & communication
technology, provides services and solutions to the international financial
community in the areas of credit and debit card processing, payment systems,
capital markets and network services for connectivity and messaging.

Created from the merger between SIA (Societa Interbancaria per
l'Automazione) and SSB (Societa per i Servizi Bancari), SIA-SSB Group
currently operates in 30 countries and has subsidiaries in Belgium, Hungary
and South Africa.

With 7.2 billion transactions annually - relating to cards,
collections and payments - over 61 million cards managed and 2.5 billion
deals processed on financial markets, SIA-SSB carries more than 9.9 thousand
billion bytes of data on the network.

SIA-SSB Group is made up of seven companies: the parent
company SIA-SSB, the Italian subsidiaries Kedrios (back-office and reporting
services), RA Computer (solutions and applications for banks, businesses and
P.A.) and TSP (systems and services for companies and P.A.), SiNSYS (card
processing) in Belgium, Perago (infrastructures for central banks) in
Switzerland and South Africa, and GBC (card processing and ATM/POS terminal
management) in Hungary.

For more information, go to: http://www.siassb.eu

GOLDENSOURCE makes it easy to manage critical reference and
market data. We offer an integrated Enterprise Data Management (EDM) platform
for the securities and investment management industry.

Our innovative products are designed to create, maintain and
distribute a trusted golden copy. Our unique data model covers all financial
instruments, customers and counterparties, and extends to transactions and
positions. The ability to connect, organise and aggregate trusted information
reduces risk, drives better decisions and helps our customers achieve their
goals. GoldenSource solutions are used by forward-looking banks, brokers,
investment managers and service providers to achieve tactical departmental
goals and strategic enterprise objectives.

A proven supplier of on premises EDM solutions to the world's
largest financial institutions, GoldenSource also powers managed data
services via the innovative Powered by GoldenSource(tm) program.

For more information, visit http://www.thegoldensource.com

For More Information:
    
    U.S. Press Office
    Metia Inc.
    Sheryl Lee/ Ashleigh Egan
    Tel: +1-917-320-6462/6454
    Email: MetiaGoldenSource@metia.com
    
    UK Press Office
    Metia
    Daniel Diaz/ Andy Martinus
    Tel. +44(0)203-100-3729/3585
    Email: MetiaGoldenSource@metia.com