Press Release

Scivantage Moves to Jersey City Office in Preparation for Expansion

Oct 27, 2006


NEW YORK – October 27, 2006 – Scivantage, the premier provider of web-based, front- and middle-office brokerage solutions, announced today that its Manhattan office staff has moved into a 30,000 square foot suite of offices on the 13th floor at 10 Exchange Place in Jersey City, New Jersey, directly adjacent to the PATH station and Hudson River water taxis. The company had previously occupied substantially smaller offices in lower Manhattan.

"This high floor location gives us more than a great view," commented Adnane Charchour, President and CEO of Scivantage. "Over the past year we have experienced significant growth. In order to maintain this growth, we are increasing our development, technical support, and sales staff to continue to provide superior service to our customers. This location is an ideal spot for us to execute our plans."

“When clients choose the Scivantage platform, they give their brokers and retail investors access to the cutting edge, cost-effective platform for productivity and online trading to meet their demanding and changing needs,” continued Mr. Charchour. “We look forward to working with all our customers to continue to deliver a superior experience that helps them streamline their operations and reduce costs to grow their business and better serve their clients.”

Scivantage headquarters will now be in Jersey City. In addition to this office, the company also has facilities in Northern New Jersey, Boston and Silicon Valley.

About Scivantage

Scivantage is the premier provider of web-based, front- and middle-office brokerage products. Leveraging your existing back office, Scivantage’s easy and affordable platforms automate manual functions and integrate fundamental content into one fully customizable, straight-through-processed interface. Scivantage adds value to your broker and investor offerings with superior functionality, scalability and a turnkey implementation, increasing your productivity while lowering your total cost of ownership.

Scivantage’s applications provide retail online trading (Investor™), a professional broker platform (Professional™), interactive voice response (Speech™) processing, account opening (eAccounts™), automated money management (eMoney™), trade processing, order routing, workflow, rules-based decision support engine (eDecision™), risk management, clearing and execution integration, electronic delivery of confirms and statements (eDelivery™), compliance, and OFX tools, as well as a complete Professional Services offering.

Founded in 2000, Scivantage services leading Fortune 500 brokerage and financial institutions, with millions of successful implementations. Contact us to find out how global and regional financial institutions, as well as smaller securities firms, use our systems to provide better service to their clients, increase efficiency, lower risk, and save money. Learn more at http://www.scivantage.com, via e-mail at info@scivantage.com, or by calling 866-SCIVANTAGE.

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10 Exchange Place, 13th Floor
Jersey City, NJ 07302 (Directions)

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