ClusterSeven Announces Prominent South African Bank as New Customer

New business relationship achieved through strategic alliance enhancing
compliance, fraud detection capabilities
LONDON & NEW YORK--(Business Wire)--
ClusterSeven (London and New York), an international provider of spreadsheet
management solutions that enhance risk management, compliance and business
efficiency for financial institutions and Fortune 500 financial reporting
divisions, announced it has signed up a prominent South African bank as a
customer.

This customer acquisition was achieved in collaboration with a new partner
silverminute, a specialist in financial investment management. The alliance with
silverminute utilizes ClusterSeven`s technology to further enhance
silverminutes`s compliance, governance and risk management for financial
institutions. The ClusterSeven product suite strategically converts spreadsheets
into an agile but controlled business infrastructure that reduces costs,
delivers more efficient business processes and eliminates operational losses.
More tactically, it also provides investigative functionality to expose problems
plus rapid control capabilities to address immediate challenges such as audit
weaknesses.

"Many compliance products claim to deliver permanent business efficiencies but
come up short in the areas of governance and risk management," said Neil Rowatt,
founding partner of silverminute. "ClusterSeven thoroughly meets these demands
while enabling financial institutions to cut costs and make the most of the
systems they have, placing it in a unique position within the world of
spreadsheet management. This alliance will continue as both companies have
several mutual customers in both the UK and South Africa."

"Our alliance with the silverminute team helps increase ClusterSeven`s
visibility internationally because governance and risk management are the most
vital components to the health and performance of any financial institution
looking to weather the storm in 2009," said Ralph Baxter, CEO of ClusterSeven.

About ClusterSeven

ClusterSeven (London and New York) provides enterprise-wide, strategic
spreadsheet and data management software to financial institutions and Fortune
500 financial reporting divisions. ClusterSeven`s software non-intrusively
monitors and tracks spreadsheets to enable users to more effectively manage
governance, risk and regulatory compliance obligations in order to generate
revenue, enhance staff efficiency and boost productivity. For more information
about the company, visit clusterseven.com.

About silverminute

silverminute (London and South Africa) delivers strategic technology advice and
solutions to investment management firms. silverminute offers value to
investment management firms through a combination of business knowledge,
implementation and delivery expertise and innovative software products. For more
information, visit silverminute.com.

For ClusterSeven
Sarah Wroble, 678-781-7236

Copyright Business Wire 2009