Algorithmica Research strengthens Orc's middle office risk solution

Algorithmica Research strengthens Orc's middle office risk solution

Stockholm, Sweden, Thursday January 29, 2009 - Orc Software (SSE: ORC), the
leading global provider of technology for advanced derivatives trading and
connectivity solutions, today announced a partnership agreement with
Algorithmica Research AB, a leading provider of solutions for advanced risk
management, quantitative analysis and enterprise-wide management of historical
data based in Stockholm.

The agreement enables Algorithmica to offer extended middle office risk
management tools integrated with Orc's advanced trading solutions to the
financial markets globally. The Algorithmica technology complements Orc's
advanced trading and risk solutions and helps market participants meet the
increasing demand for real-time quantitative financial analysis and middle
office risk management. Through the partnership, Orc and Algorithmica can
deliver a fully integrated solution that satisfies all business requirements
from trading management.

“Orc Software is a world-leading software supplier to the global financial
markets, and we are very pleased to work together with Orc and complement their
state-of-the-art trading and trading risk solutions with sophisticated middle
office risk management,” said Johan Treskog, Sales Manager, Algorithmica
Research. “We see a dramatic increase in the market demand for real-time risk
management tools. By combining our expertise in middle office risk management
and quantitative financial analysis with Orc's competitive edge to trade and do
trading risk analysis from a single platform, we provide an integrated solution
covering all business requirements both from the trader and the risk manager.”

“Algorithmica has been developing sophisticated software applications for the
financial markets since 1993, providing banks, asset managers and corporate
treasuries with innovative software solutions using the latest developments
within the area of quantitative finance,” said Peter O Bäck, Sales Director
Nordic Region, Orc Software. “By teaming up with Algorithmica, we greatly
enhance our opportunities by offering strategic technology for electronic
trading to the global financial markets. This combined with their excellent
software technology skills makes Algorithmica a natural choice of partner for
Orc Software and their contributions will be a welcome addition to our current
sales and marketing activities in the region.” 

Orc Connect is the global financial industry's leading connectivity solution.
Orc Connect provides traders and brokers with fast, reliable access to liquidity
pools, both for market members and non-members, in the critical areas of
execution, market data and reference data. 

Orc Trading is used by leading financial firms worldwide for enhanced trading
and risk management for electronically traded derivatives. It encompasses both
screen-based trading and algorithmic trading for firms to trade any listed
instrument, across all asset classes, on 100+ markets. 

About Orc Software's revenue model 
Standard agreements follow Orc's licensing subscription model, a flexible
approach designed to streamline the customer on boarding process and provide
ease of access to software updates, together with a mature support framework.
Customers are invoiced quarterly, in advance, and revenue allocated to the
invoicing period.
About Orc Software 
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for
the worldwide financial industry in the critical areas of advanced derivatives
trading and low latency connectivity. Orc's competitive edge lies in its depth
of knowledge of the derivatives trading world gained by deploying advanced
solutions for sophisticated traders for over 20 years. 

Orc Trading and Orc Connect provide the tools for making the best trading and
connectivity decisions… strong analytics, unmatched market access, powerful
automated trading functionality, high performance futures and options trading
capabilities, ultra-low latency, and risk management. 

Orc's customers include leading investment banks, trading and market-making
firms, exchanges, brokerage houses, institutional investors and hedge funds. 
Orc provides sales and quality support services from its offices across EMEA,
Americas and Asia Pacific. 

For more information, please visit www.orcsoftware.com 


About Algorithmica Research AB
Algorithmica Research is a leading provider of solutions for advanced risk
management, quantitative analysis and enterprise-wide management of historical
data.  We help our clients manage their risks with our Risk Management solution
that provides a no-compromise financial risk framework using the latest market-
and counterparty risk methodologies for a wide range of instruments. The Risk
Management solution is based on Quantlab, Algorithmica's award winning software
development platform for quantitative financial analysis. In addition,
Algorithmica provides a solution for enterprise-wide management of historical
data including time-series market data, static data, and calculated data.
Most of the top ranking banks, asset managers and corporate treasuries in the
Nordic region count among Algorithmica's expanding list of clients.

For more information, please visit www.algorithmica.se


For further information: 
Peter O Bäck, Sales Director, Nordic Region, Orc Software, Tel. +46 739 01 02 04
Christine Blinke, Investor Relations and Marketing Director, Tel. + 46 739 01 02
01 
Johan Treskog, Sales Manager, Algorithmica Research AB, Tel. +46 76 14 14 401