Cogency Software Empowers York Capital with Enterprise Information Management and Alerting.

Business Editors/High-Tech Writers

SAN MATEO, Calif.--(BUSINESS WIRE)--Nov. 13, 2003

Cogency Wisdom(TM) is tailor-made for alternative investment

managers - brings immediate ROI

Cogency Software, Inc. the provider of enterprise risk reduction applications,

Cogency Wisdom for Hedge Funds is a powerful, enterprise-wide solution addressing business risks along the value chain for large or high-growth hedge funds. Designed specifically for hedge fund managers and executives, Cogency Wisdom for Hedge Funds is the first application of its kind for the enterprise-wide aggregation and monitoring of a broad array of critical and relevant business information. The Cogency Wisdom for Hedge Funds solution enables hedge fund managers and executives to aggregate, apply complex rules, analyze and present business data in a more powerful and real-time way through coordination and integration of both internal applications and external data feeds.

"We anticipate that the Cogency team will be delivering real value to York by enabling us to aggregate information currently available in our portfolio and accounting systems, combine it with data from external sources if needed and present it to the firm's executives and portfolio managers in a format of their choosing. The benefits are enormous: the executives/portfolio managers get the information they need on a timely basis while relieving the back office staff of the time-consuming process of providing it," said Adam Semler, York's Chief Financial Officer.

"Cogency Wisdom enhances our ability to manage a growing and complex business as well as provide investors with timely and accurate reporting regarding their investment at York," said Brooke Parish, Managing Director for York. "Increasingly, institutional investors are requiring more from their hedge fund managers and we expect Cogency to help us meet those expectations."

"We are very excited with the opportunity to partner with a highly respected firm like York Capital," said Sameer Shalaby, president and CEO, Cogency Software. "We are thrilled about the continued acceptance of Cogency Wisdom into the alternative investment management marketplace. Adding York's name to our existing customer list of market leaders, like Elliott Management and Ramius Capital Group, is clearly a testimony of the opportunity for Cogency Wisdom in this marketplace."

About Cogency Software

Cogency Software provides enterprise risk reduction applications for financial services companies. Through the power of Cogency Wisdom(TM), we help companies manage and reduce overall risk by providing integrated, enterprise-wide, real-time analytical applications aggregating disparate risk information about investments, clients, institutions, and operations, delivered using Web browsers, e-mail, PDAs and pagers. Presentation of analytical applications is geared for executives who need an enterprise-wide view of risk to better manage and operate their business. Cogency is headquartered in San Mateo, California. For more information, visit Cogency's Web site at www.cogencysoft.com or call 650-655-6700.