EXENET Announces M&A Technology Consulting and Integration Services for Hedge Funds

NEW YORK, NY, Apr 29 (MARKET WIRE) --
EXENET LLC, a leading provider of IT consulting, integration and
outsourcing services for law firms, alternative investment and wealth
management companies, today announced a new Mergers & Acquisitions
Technology Consulting and Integration Service for Hedge Funds. EXENET
will provide firms with management consulting, post-merger integration
and Managed Infrastructure IT services to reduce technology risks and
improve operational success.

"As marketplace dynamics changed with the financial crisis, the rate of
hedge fund mergers has been increasing. While mergers ensure financial
viability for the combined entities, they present managers with new
challenges such as consolidation of disparate systems, connectivity
across multiple locations, accommodating a larger user base and merging
of two IT organizations," said Umit Cinali, CEO of EXENET. "EXENET is
bringing its significant technology mergers experience, gathered from its
work with large legal and financial firms, to advise management on the
most cost effective approach to consolidating operations while mitigating
technology risks."

EXENET will provide pre-merger consulting, including due diligence, and
pre- and post-planning of integration projects. The services also include
benchmarking of infrastructure performance before and after a merger,
along with enterprise-class processes and procedures to maintain services
at optimum levels for a combined entity. During the merger process,
EXENET undertakes data center moves and consolidation of IT assets,
migrations of prime broker connections as well as support for market
data, desktop systems, email and hand-held devices. EXENET also advises
newly combined firms on managing IT, including the structuring of the IT
department, economics of servicing a larger firm, and how to find
synergistic savings.

"Funds considering or undergoing a merger or an acquisition are often
doing so because of declining assets and to diversify their investment
strategies, and many do not have the resources or internal expertise to
adequately plan and implement a consolidation of two or more firms'
infrastructures," said Arup Das, EXENET's Chief Technology and Strategy
Officer. "EXENET provides the insight and expertise to help firms not only
consolidate their systems, but also identify ways to reduce costs by
providing a full evaluation of both entities and creating more efficient
and sustainable infrastructure, with possible migration to newer
technologies in the process."

About EXENET

EXENET LLC, headquartered in New York City, is a provider of IT
consulting, integration and outsourcing services for specialized markets,
including legal, alternative investment and wealth management. EXENET
offers enterprise-class solutions ranging from fully outsourced IT
services through its state-of-the art Network Operations Center (NOC) to
M&A consulting, IT asset consolidation and global deployments. The
company's customized IT-as-a-Service approach is designed to reduce risk,
enable business agility, and lower operating costs to help firms increase
returns. For more information, visit www.exenet.com.

Contact:
Lisa Jane O'Neil
President
LJO Associates, Inc
Phone: 212-786-7629 or 917-361-8303
Email: Email Contact

Copyright 2009, Market Wire, All rights reserved.

-0-