WHITELIGHT DELIVERS A COMPLETE ANALYTIC PLATFORM

WhiteLight Systems, a leading provider of next-generation analytic applications, announced the introduction of a vertical solutions program that will define for customers how to bring the power of analytic applications into their organizations to drive faster decisions and increase bottom-line results. The first in this series will be for credit risk analysis.

"This program kicks off an entirely fresh way to approach the needs of our most demanding and sophisticated customers," said Dennis McGinn, CEO of WhiteLight. "Having examined the needs of companies in a number of vertical segments, WhiteLight designed a program that will act as a catalyst for new and existing customers to see the myriad possibilities available for driving smarter and faster decision-making. Credit risk management is the ideal application to showcase the WhiteLight platform because credit risk requires such a robust and flexible analytic platform. Given WhiteLight's strong partnerships and integration with other leading risk management solutions providers, we are confident that financial institutions at any stage in their risk systems development can use the WhiteLight platform to rapidly advance their ability to proactively control risk."

Analytic applications will fill an increasingly urgent function in credit risk management. Credit risk represents the largest source of risk for many financial institutions. Global exposure, increased competition and a generally uncertain economic environment have led to a harsh reality -- profit margins can be devastated by even small deviations from expected loan default losses. To stay competitive, it is now essential for banks and financial institutions to more accurately estimate and mitigate expected and unexpected loss on loan defaults. Analytic applications are now recognized as the best means of proactively managing loan portfolios by performing the sophisticated analysis and predictive modeling required to minimize risk of customer default and financial loss.

WhiteLight aims to facilitate the introduction of the WhiteLight analytic platform into a bank's commercial credit portfolio management practices by supporting the design and implementation of next-generation credit risk analytic solutions through both in-house consultants and WhiteLight's industry-leading consulting partners.

Financial institutions at any stage in their risk systems development will see immediate benefits from using the WhiteLight Analytic Application Suite to manage credit risk:

• Early: WhiteLight can accelerate data discovery and understanding of exposure concentrations.
• Intermediate: WhiteLight can help companies to perform more sophisticated analyses, calculate expected loss and unexpected loss, and test portfolio strategies before making decisions.
• Advanced: WhiteLight enables portfolio optimization by integrating credit risk data with traditional profitability information (such as accounting data) and other risk analytics (through tight integration with other risk management systems) to provide insight into economic profitability.

The WhiteLight analytic platform offers a number of critical advantages to credit risk managers. These include powerful predictive modeling based on WhiteLight's patented ActiveRules technology; "real-world" modeling that links calculation engines, legacy systems and proprietary applications into a single multi-dimensional view of all relevant data; audit functions that ensure accuracy and consistency; and a unique "drag-and-drop" modeling environment that allows analysts to build models and interact directly with data without the need for programming or IT staff intervention.

"WhiteLight brings a real competitive advantage to its customers," said Rich Ghiossi, WhiteLight's vice president of Marketing. "We are seeing a growing interest among the entire industry segment to adopt what we expect to become the defining analytic and modeling foundation for credit risk management. With this program we can further accelerate the adoption of advanced analytics through a combination of education, partnerships, and industry expertise in specific focus areas."

About WhiteLight

Founded in 1992, WhiteLight Systems Inc is a privately held company based in Palo Alto, Calif., with regional headquarters in Europe and Latin America. WhiteLight provides next-generation analytic applications that revolutionize a company's ability to make critical business decisions. With the WhiteLight Analytic Application Suite, companies can quickly create and deploy analytic applications that combine the modeling flexibility of spreadsheets with the data analysis of conventional business intelligence tools. WhiteLight's customers include Barclays, J.P. Morgan Chase, UUNET, Dresdner Kleinwort Wasserstein, Lehman Brothers and Grupo Televisa. For more information about WhiteLight, visit www.whitelight.com.

Contact Georgette Pascale of ExcitePR, 212-560-9500, gpascale@excitepr.com for WhiteLight Systems Inc.