EXENET Announces M&A Technology Consulting and Integration Services for Hedge Funds

NEW YORK, NY--(Marketwire - April 29, 2009) - EXENET LLC, a leading provider of IT consulting, integration and outsourcing services for law firms, alternative investment and wealth management companies, today announced a new Mergers & Acquisitions Technology Consulting and Integration Service for Hedge Funds. EXENET will provide firms with management consulting, post-merger integration and Managed Infrastructure IT services to reduce technology risks and improve operational success.

"As marketplace dynamics changed with the financial crisis, the rate of hedge fund mergers has been increasing. While mergers ensure financial viability for the combined entities, they present managers with new challenges such as consolidation of disparate systems, connectivity across multiple locations, accommodating a larger user base and merging of two IT organizations," said Umit Cinali, CEO of EXENET. "EXENET is bringing its significant technology mergers experience, gathered from its work with large legal and financial firms, to advise management on the most cost effective approach to consolidating operations while mitigating technology risks."

EXENET will provide pre-merger consulting, including due diligence, and pre- and post-planning of integration projects. The services also include benchmarking of infrastructure performance before and after a merger, along with enterprise-class processes and procedures to maintain services at optimum levels for a combined entity. During the merger process, EXENET undertakes data center moves and consolidation of IT assets, migrations of prime broker connections as well as support for market data, desktop systems, email and hand-held devices. EXENET also advises newly combined firms on managing IT, including the structuring of the IT department, economics of servicing a larger firm, and how to find synergistic savings.

"Funds considering or undergoing a merger or an acquisition are often doing so because of declining assets and to diversify their investment strategies, and many do not have the resources or internal expertise to adequately plan and implement a consolidation of two or more firms' infrastructures," said Arup Das, EXENET's Chief Technology and Strategy Officer. "EXENET provides the insight and expertise to help firms not only consolidate their systems, but also identify ways to reduce costs by providing a full evaluation of both entities and creating more efficient and sustainable infrastructure, with possible migration to newer technologies in the process."

About EXENET

EXENET LLC, headquartered in New York City, is a provider of IT consulting, integration and outsourcing services for specialized markets, including legal, alternative investment and wealth management. EXENET offers enterprise-class solutions ranging from fully outsourced IT services through its state-of-the art Network Operations Center (NOC) to M&A consulting, IT asset consolidation and global deployments. The company's customized IT-as-a-Service approach is designed to reduce risk, enable business agility, and lower operating costs to help firms increase returns. For more information, visit www.exenet.com.

Contact Information: Contact: Lisa Jane O'Neil President LJO Associates, Inc Phone: 212-786-7629 or 917-361-8303 Email: