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Press Release

Scivantage Wins 2007 NJTC's Growth Company of the Year Award

Nov 20, 2007

JERSEY CITY, NJ November 20, 2007 - Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, today announced that it has won the 2007 "Growth Company of the Year Award" presented by the New Jersey Technology Council (NJTC), a New Jersey-based association representing more than 1,200 member companies.

Adnane Charchour, President and CEO of Scivantage, accepted the award during the NJTC's annual awards gala, which was held Thursday, November 15, 2007, at the Liberty Science Center located in Jersey City, NJ. Scivantage was chosen by the NJTC out of three finalists in the "Growth Company of the Year" category. Finalists for the award had to demonstrate solid revenue growth, profitability and expansion initiatives, as well as strong product or service innovation, credentials of management team and its collective ability and record of achieving success.

"We are very pleased to be recognized by the NJTC for our substantial growth and accomplishments," said Adnane Charchour, President and CEO of Scivantage. "Since our founding, Scivantage has been delivering technology solutions that help financial institutions, financial advisors and their clients automate and streamline the way they transact business. Our strong client portfolio, innovative technology and hard-working employees are the cornerstones of our continued growth."

Earlier this year, Scivantage was honored as the No. 225 fastest-growing private company in the U.S. on the Inc. 500 list, ranked No. 57 on Deloitte's 2007 North American Technology Fast 500 and No. 6 overall on Deloitte's Technology Fast 50 Program for New Jersey, as well as recognized as a finalist for "Vendor of the Year" by Operations Management, an industry publication focused exclusively on back-office issues of broker/dealers, investment adviser firms and custodian banks.