Davy Selects Odyssey’s WealthManagerTM

February 25, 2008

Davy Selects Odyssey’s WealthManagerTM as Management Platform for Private Clients

NEW YORK--(BUSINESS WIRE)--Odyssey Financial Technologies, a global provider of Private Wealth and Asset Management solutions and services, is pleased to announce that Irish financial services group Davy has selected Odyssey’s WealthManager as its wealth management platform in a multimillion euro deal.

Davy is the first company in Europe to employ Odyssey’s leading wealth management technology. Odyssey’s WealthManager is widely used by a range of blue chip firms in the US and Canada.

As Ireland's leading institutional, corporate and private client broker, Davy has expanded its range of wealth management services in recent years to provide access to global investment opportunities in property, private equity and alternative asset classes. Davy Private Clients, its wealth management division, has in excess of €10 billion of funds under management and now employs 250 people.

Davy’s relationship managers will manage both the relationships and portfolios of their private clients with WealthManager. Davy will also use the WealthManager platform to manage the investment needs of individuals, charities, families, and foundations by creating tailored investment strategies, leveraging the expertise of the group and its world-class investment specialists. Odyssey’s WealthManager was chosen after an extensive search for an application that would deliver these services through a single Wealth and Relationship Management portal.

Commenting on the deal, Eamonn Doyle, chief operations officer in Davy, said:

“As Ireland’s economy has been transformed over the last decade, Davy Private Clients has experienced dramatic growth in demand for wealth management services. We see further significant growth in the wealth management arena in Ireland in the coming years and that is why we are now making such a substantial investment in our technology.

“Client relationships are at the core of any wealth management offering so we are delighted to be able to team up with Odyssey whose WealthManager will enable Davy to effectively manage complex and diversified portfolios on behalf of our clients.’’

In January 2008, Odyssey Financial Technologies announced the acquisition of Xeye, a leading provider of wealth management technology in the North American market whose products included WealthManager. Commenting on the deal with Davy, Steve D’Souza, General Manager, Northern Europe, Odyssey Financial Technologies said:

“We are extremely pleased to have Davy as our newest client in the region. The WealthManager platform will increase the amount of time relationship managers can spend with their clients, thereby improving the Davy client experience. We look forward to a long partnership with Davy as they grow their business, improve the quality of the client interaction, and support the use of ‘best practices’ by their portfolio managers.”

About Davy

Davy is Ireland’s leading provider of stockbroking, wealth management and financial advisory services. Davy offers a broad range of services to private clients, small businesses, corporations and institutional investors, and organises its activities around four interrelated business areas – Capital Markets, Corporate Finance, Private Clients and Research. Founded in 1926, Davy has continually broken new ground in the industry by pioneering the expansion of financial and capital markets in Ireland, and providing new opportunities for investors and growing companies.

Davy is the wealth manager of choice in Ireland with over €10 billion of clients’ assets under management. Each day it handles almost half of all trading in Irish equities. It acts as primary adviser to the majority of listed and unlisted Irish companies and arranger on most Irish corporate bond issues. And since 2000 Davy has been responsible for 70% of the funds raised on the Irish Stock Exchange. Davy is an independent company owned by management and staff. Employing over 500 people, the head office is in Dublin and there are three regional offices in Belfast, Cork and Galway.

For further information, please visit: http://www.davy.ie

About Odyssey Financial Technologies

Odyssey is an industry leader in the global provision of wealth and asset management solutions and services to the Private Banking, Mass Affluent and Retail Banks as well as Institutional and Fund Managers. More than 180 financial institutions in 30 countries have chosen Odyssey solutions. Odyssey focuses on providing a comprehensive range of components for portfolio management (PMS), advisory process, customer relationship (CRM), compliance, risk, analytics and Enterprise Data Management (EDM). The components are deployed on a single scalable wealth and asset management platform, facilitating the enterprise-wide implementation of solutions and data management.

Founded in Luxembourg in 1995, Odyssey today has offices in the key financial centers, including London, New York, Singapore, Zurich, Frankfurt, Brussels, Geneva, Madrid, Toronto and Tokyo. Odyssey’s operational head office and main development centre is located in Lausanne, Switzerland. Throughout this knowledgeable network Odyssey employs over 600 professionals.

For further information, please visit: http://www.odyssey-group.com.


Contacts
©Odyssey Financial Technologies
In North America, Contact: Lara DeVido
LDeVido@ca.odyssey-group.com
tel: + 1 917 639 4161
fax: +1 212 884 0444
or
In Europe, Contact: Valérie Michiels
info@odyssey-group.com
tel: + 352 42 60 80 1
fax: + 352 42 91 92