BURLINGAME, Calif. -- Cogency Software, Inc., the provider of Smart Enterprise Solutions(TM) for financial services, today announced that Peter Borocz has joined its senior management team in the newly created post of vice president product development. In the role, Borocz will work with leaders across the alternative investment industry to design and build cross-enterprise applications for hedge funds, funds-of-funds, fund administrators and prime brokers.

"We're thrilled to add Peter to our senior management team and welcome his incredible depth of financial services technology expertise," said Avanish Sahai, president and CEO, Cogency Software. "Peter brings first-hand understanding of the sophisticated needs of investment management firms and how to address them through technology solutions. His experience as both a builder and customer of enterprise solutions will prove invaluable to our business."

Most recently, Borocz was chief information officer of Fisher Investments, Inc., a $25 billion investment advisor for high-net worth individuals. While at Fisher, Borocz drove IT strategy and created solutions to support an infrastructure of more than 650 employees, including CRM, lead-generation, client service, trading and infrastructure solutions. Prior to Fisher, Borocz served as global technology manager for capital markets at Barclays Global Investors. Borocz combines this industry-experience with product development depth through his tenures as chief technology officer at MiFund, a mutual fund service provider and as applications development manager for financial services at TIBCO Software.

"Cogency is quickly establishing itself as a leader on the alternative investment solutions landscape and I'm thrilled to be a part of this exciting growth," said Borocz. "Cogency's products address what heretofore has been an entirely neglected need in the alternative investment space -- a one-stop integrated management solution for fund managers and managing directors. Cogency Alternative Investment is providing these executives with critical information in the most comprehensive and timely way possible -- ultimately driving performance, improving customer satisfaction and lowering operating costs."

Borocz will work closely with chief technology officer Jeffrey Axelrod and the rest of the Cogency management team in delivering a broad range of technologies and solutions to Cogency's rapidly growing target market.

About Cogency Software

Cogency accelerates business performance by providing Smart Enterprise Solutions(TM) to the financial services industry. Alternative investment firms, banks, asset managers, insurance companies and their service providers use Smart Enterprise Solutions to manage and scale their businesses. Our solutions enable clients to gain access to data from limitless sources around their businesses, transform that data into useful information and put it into immediately effective context -- enabling them to take action and seize important opportunities that drive revenue and client satisfaction.

Cogency Software is headquartered in Burlingame, California. For more information: www.cogencysoft.com or (650) 685-2500.