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Press Release

Scivantage President and CEO Named Ernst & Young Entrepreneur Of The Year^® 2008 Award Finalist in New Jersey

Jun 17, 2008

JERSEY CITY, NJ June 17, 2008 - Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, today announced that its President and CEO, Adnane Charchour, is a finalist for The New Jersey Ernst & Young Entrepreneur Of The Year^® 2008 Awards.

According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Adnane was selected as a finalist from over 50 nominations by a panel of independent judges. Award winners will be announced at a special gala event on Thursday June 19th, 2008 at the Marriott Teaneck at Glenpointe, Teaneck, New Jersey.

"The nomination for Entrepreneur Of The Year is another fantastic milestone for Scivantage," said Adnane Charchour, President and CEO of Scivantage. "I am extremely honored to be nominated and attribute our continued success to our dedicated team, commitment to delivering innovative solutions and the strong relationships Scivantage has built with our clients."

Under Charchour's leadership, Scivantage has quickly become one of the fastest growing private companies in the U.S. recently recognized for its accomplishments by Inc. Magazine, Deloitte Technology Fast 50/500 and the New Jersey Technology Council. Scivantage was built on the vision of delivering high performance technology solutions that redefine and streamline the way financial institutions, financial professionals and their clients transact business. Serving more than 50 leading financial institutions, Scivantage continues to drive innovation across critical areas of the front- and middle-office by automating and optimizing business critical processes to generate operational efficiencies and help drive sustainable competitive advantages for our clients.

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 22nd anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world.

Regional award winners are eligible for consideration for The Ernst & Young Entrepreneur Of The Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 15, 2008. The awards are the concluding portion of Ernst & Young's Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.