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TPG Software Announces Scalable Investment Accounting Version of Portfolio Genius Deployed via Cloud Computing (Amazon EC2) on Amazon Web Services Platform

Users who license TPG's software solutions may now use them over the internet as an "on demand" service through a subscription to Amazon Web Services, removing the need to purchase application servers and provide internal IT support. This can benefit those companies who are seeking an Application Service Provider (ASP) or Software as a Service (SaaS) solution rather than housing the application and maintaining the database onsite.

Slavek Rotkiewicz, President and Chief Technology Officer of TPG Software, said, "TPG Software recognizes the inherent benefits to cloud computing, which provides the technology and tools to those clients that are looking for another solution to run their software applications. Cloud computing eliminates the need for up front capital expenditure for hardware, software, or IT costs. After evaluating our options, TPG decided to provide this alternative solution through Amazon Web Services Amazon EC2. This new delivery method will enable financial institutions to comply with new regulatory and accounting standards (IFRS) as well as Other-Than-Temporarily Impaired (OTTI) Assets Accounting rapidly and cost-effectively." For more information about Amazon Web Services, please visit Amazon Web Services.

About TPG Software

TPG Software is a leading software solutions provider for institutional investors including banks, thrifts, credit unions, REITs, and broker/dealers throughout the United States, Canada, and Puerto Rico. For more information about TPG, please visit tpgsoftware.com.

TPG Software, Inc.
Vice President, Sales
Cory Sokoloski, 303-741-0325
cory.sokoloski@tpgsoftware.com