Detica and Progress Apama Launch Market Surveillance Accelerator

Market surveillance platform enables banks and exchanges to detect
potential rogue trading and market abuse in real-time
BEDFORD, Mass.--(Business Wire)--
Detica Group plc (DCA.L), the specialist business and technology
consultancy, and Progress Software Corporation (NASDAQ: PRGS), the
global supplier of application infrastructure software used to
develop, deploy, integrate and manage business applications, today
jointly announced the launch of the Detica Market Surveillance
Accelerator powered by the Progress(R) Apama(R) Complex Event
Processing (CEP) platform.

The Detica Market Surveillance Accelerator enables financial
institutions and exchanges to monitor trading activity and identify
suspicious transactions, including market manipulative behavior such
as 'front-running', 'painting the tape', 'washing' and 'ramping'. The
Accelerator takes Detica's expert industry knowledge and deep
technical understanding of trade surveillance and encapsulates this
within pre-built Apama technology. The Accelerator can then be
deployed and calibrated to meet client-specific requirements. In
addition to the market surveillance business logic, pre-built -- and
fully customizable -- dashboards are also offered for trade and market
surveillance monitoring.

The Detica Market Surveillance Accelerator brings together the
technical know-how, market leadership and experience arising from the
Detica and Progress Apama partnership that has already delivered major
market surveillance projects at organizations such as the FSA and
Turquoise.

Simon Asplen-Taylor, Head of Market and Regulatory Services at
Detica, commented: "Market surveillance is all the more challenging
due to demands of algorithmic trading and the availability of complex
derivatives, cross-border trading and other market factors. The
ability to understand what is happening in the market as it happens,
and respond quickly enough to pre-empt market abuse, are important
factors in building and sustaining market confidence. This partnership
combines our knowledge of market behavior and the Apama platform in a
way that can deliver that confidence."

Dr. John Bates, founder and general manager, Apama Division,
Progress Software, commented: "Market surveillance will be an
increasingly critical requirement in establishing confidence within
markets. Recent events are ample testimony to the need to be vigilant
in monitoring trading activities. Failure to quickly detect suspicious
behaviour will risk wreaking havoc in the markets, impair market
confidence and injure firm reputations. We are delighted to have a
partner that is so knowledgeable about the intricacies of surveillance
and can apply the power of the Apama platform to address those
requirements. Partners with domain knowledge are a significant
component of the Apama growth strategy."

Notes to editors

Market manipulative behaviour

'Front-running' -- The unethical practice of a broker placing a
proprietary order ahead of a similar client order to gain an
inappropriate advantage.

'Painting the tape' -- a series of transactions intended to give
the impression of activity or price movement.

'Washing' -- the practice of entering into sales or purchases
without change of beneficial ownership or in collusion for other than
legitimate purposes.

'Ramping' -- attempting to drive an investment price or index up
or down to profit or avoid a loss.

About Detica

Detica is the only business and technology consulting company to
specialise in helping clients reveal valuable information and
actionable intelligence in their data.

From its roots in national security, Detica has developed in-depth
experience in financial services, government, media and telecoms --
information-intensive industries that benefit from its expertise in
turning complex information into relevant intelligence. It is the deep
understanding of these industries that helps Detica see its clients'
needs and issues more clearly and deliver greater business value.

By combining industry experience with technological innovation,
Detica has developed a world-class capability in delivering solutions
within the areas of security and resilience, fraud containment, risk
management and customer management. In these areas Detica offers a
broad range of services from strategy formulation, people and process
change to the delivery and support of technology solutions.

Detica delivers projects of significant scale across commercial
and government markets in the UK, US and mainland Europe. Its
commercial clients include RBS, Barclays, Reuters, UBS, Sony, Sky, BT
and Vodafone. Government clients include Home Office, HM Revenue &
Customs, Department for Transport and Ministry of Defence. Detica has
offices in Amsterdam, Arlington, Chicago, Columbia, Geneva,
Gloucester, Guildford, London and New York.

For further information please visit www.detica.com.

Detica and Detica Limited product names are registered trademarks
or trademarks of Detica Limited in the UK and in other countries.
Other brand and product names are registered trademarks or trademarks
of their respective companies. Detica Limited is registered in England
under number 1337451 and has its registered office at Surrey Research
Park, Guildford, England, GU2 7YP.

(C) Detica Limited, 2008. ALL RIGHTS RESERVED

About Progress Software Corporation

Progress Software Corporation (NASDAQ: PRGS) provides application
infrastructure software for the development, deployment, integration
and management of business applications. Our goal is to maximize the
benefits of information technology while minimizing its complexity and
total cost of ownership. Progress can be reached at www.progress.com
or +1-781-280-4000.

The Market Surveillance Accelerator is the latest in a series of
Apama Accelerators - and the first in conjunction with a strategic
partner - that are designed to jumpstart delivery of applications that
leverage the power of CEP within Capital Markets. Progress Software
has recently introduced the Apama Smart Order Routing Accelerator and
also offers a Market Aggregation Accelerator for trading in
increasingly fragmented FX markets. In each instance, the Accelerator
leverages the core Apama platform and "accelerates" the creation and
deployment of unique CEP applications. The rapid application
development tools within the Apama platform can quickly deploy highly
customized strategies that monitor market activities in real-time.

Progress Apama is the market's leading algorithmic trading
platform. Leveraging the sophistication and power of complex event
processing (CEP), Progress Software enables both sell-side and
buy-side firms to empower their trading desks with Apama tools to
create, test and deploy unique strategies for trading, market
aggregation, smart order routing, risk management and other
algorithmically-driven applications. Progress Software is recognized
as the leader in this field with the largest client base and most
prominent names in Capital Markets using the Apama platform to deliver
solutions for equities, futures and options, FX and fixed income.

Progress and Apama are trademarks or registered trademarks of
Progress Software Corporation or one of its affiliates or subsidiaries
in the U.S. and other countries. Any other trademarks or service marks
contained herein are the property of their respective owners.

For more information on Detica:
Rachel Ringstead, +44 207 853 2289
rachel.ringstead@porternovelli.co.uk
or
Sally Clift, +44 207 853 2310
sally.clift@porternovelli.co.uk
or
For more information on Progress Software Corporation:
In USA:
John Stewart, +1 781-280-4101
jstewart@progress.com
or
LEWIS PR
Claire Rowberry/Dan Gaffney, +1 617-226-8841
progresssoftware@lewispr.com
or
In Europe:
Progress Software
Rachel Harnden, +44 (0) 1753 216387
rharnden@progress.com
or
OCTANE PR
Matt Humphries/Eb Adeyeri, +44 (0) 207 802 2662
apama@octanepr.com

Copyright Business Wire 2008