Baring Asset Management Selects Bonaire's REVPORT(TM) to Drive Its Management Reporting

LONDON, Jan 12 (MARKET WIRE) --
Bonaire Software Solutions, LLC, a leading provider of financial services
software solutions to investment managers, mutual funds, wealth managers,
broker dealers and RIAs, announced that its REVPORT(TM) Revenue
Management suite has been selected by Baring Asset Management (Barings).
Headquartered in London, UK, Barings contracted with Bonaire following
the successful completion of a Proof of Concept project.

Barings' decision provides a key 'win' for Bonaire and further underpins
REVPORT(TM)'s evolution from its traditional back-office, billing roots.
Although continuing to harness REVPORT(TM)'s market-leading fee, rebate
and commission calculation capability, Barings felt it was its ability to
underpin their stringent Management Information needs that set it apart
from the competition.

The implementation project is already progressing successfully and Barings
is confident about delivering upon its stated objectives to:

-- Centralise revenue, sales and performance data within a single, robust
repository
-- Automate existing manually-based data consolidation and reporting
tasks
-- Automate the production of standard MI reporting and improve
responsiveness to ad-hoc needs
-- Provide the foundation for comprehensive financial modeling,
forecasting and analysis
-- Lower operating costs and improve efficiency through the replacement
of manually intensive, spreadsheet-based fee and rebate processes

"After evaluating a number of package and self-build options, we felt
that the combination of REVPORT(TM)'s comprehensive, proven data-model and
Bonaire's commitment to working in partnership with Barings provided a
compelling reason to proceed," said Julian Swayne, CFO at Barings.

Gary Watts, UK MD at Bonaire, commented, "With the support of our
blue-chip client base, we have continued to invest heavily in rolling out
our product vision. Although REVPORT(TM) continues to be the pre-eminent
revenue management solution; we have evolved our offerings by deploying
additional modules including financial modeling and analytics,
rules-based payment matching and integrated Business Intelligence. This
strategy is paying dividends and adding the household name Barings to our
rapidly expanding customer base is testament to that."

REVPORT(TM) Revenue Management Key Features:

-- Provides a single repository for revenue, sales and performance data
-- Automates revenue management and fee billing
-- Calculates complex fees, accruals, produces invoices and generates all
accounting and audit output
-- Centralizes fee calculation rules, embedding knowledge in the
application and enhancing financial management and control
-- Provides management information via fully integrated MI tools,
including data cubes, views, dashboards and graphical visualization /
reporting
-- Allows revenue modeling, forecasting and analytics to be performed
using actual billing rules and schedules
-- Seamlessly integrates with existing upstream / downstream financial
management and reporting systems

About Bonaire Software Solutions, LLC

Bonaire is focused on providing software and services solutions to the
asset management industry. Clients include industry leading investment
managers, mutual funds, wealth managers, banks/trusts and retirement
services providers.

Revenue Management Software Products include:

-- REVPORT(TM) - Fee billing platform
-- Multi-currency/multi-lingual
-- Custom Rule Generator
-- Commissions
-- Revenue modeling and forecasting analytics
-- PAYPORT - Payment processing platform with payment matching
-- EMPOWER - Management Information platform
-- EMPOWER Basic - Report/Invoice 'views' Developer Toolkit
-- EMPOWER/BI - Management Information and reporting

Based in Boston, MA, and London, UK, Bonaire is a privately held
company founded in 1999. For more information about Bonaire Software
Solutions, please visit www.bonairesoft.com.

About Baring Asset Management

Baring Asset Management is an international investment management firm
with investment skills, clients and business locations spanning world
markets. Our investment competency encompasses developed and emerging
market equity, fixed income and multi-asset portfolio management services
offered to institutions, retail investors and private individuals.
Worldwide clients include public and corporate pension plans, government
agencies, financial institutions, charitable organisations, mutual funds
and private individuals.

Baring Asset Management is part of the MassMutual Financial Group, a
global, diversified financial services organization. Massachusetts Mutual
Life Insurance Company (MassMutual) is one of the largest life insurance
businesses in the USA.

For more information about Baring Asset Management, please visit
www.barings.com.

Media Contacts:

UK
Bonaire Software Solutions
Gary Liley
+44 (0) 207 763 6102
Email Contact

US
Bonaire Software Solutions
John Bosley
001 617 338 0107 x122
Email Contact

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