New York, NY - October 16, 2006 - Pivot Solutions today announced that its flagship technology, IMTRADER, was ranked the third fastest-growing solution provider and one of the top 50 capital markets front office solution providers. The ranking appeared in the inaugural "Securities Technology 50" published today by Securities Industry News and Financial Insights, an independent research and IDC company.

According to Securities Industry News, "the front office [is] the engine that drives financial market activity, where technology solutions are essential to keeping pace with marketplace demands for throughput, analytics and efficiency." At number 31, IMTRADER is ranked with other leading organizations, and its designation as one of the "Fast Five" hottest growth companies in this sector is evidence of its increasing attractiveness to traders on both the sell side and buy side.

In placing IMTRADER in the Fast Five, Securities Industry News states, "IMTRADER has been at the forefront of the instant messaging (IM) migration from frivolous online chatting into the deadly serious business of securities trading." It further observed that "IMTRADER has been building and refining its technology with both the buy and sell sides since 2002 and has expanded its range of asset classes. If instant messaging continues to gain popularity, then IMTRADER’s future looks bright."

"We've realized exponential growth over the last twelve months primarily driven by IMTRADER's network effect," explained Furqan Nazeeri, CEO of Pivot Solutions. "Our existing clients encourage others to implement the IMTRADER platform in an effort to streamline trade communications and share trade ideas. In some cases, we are seeing that the demand generation from the buy side is driving increased adoption. We expect this trend to continue based on our sales pipeline and strong relationships within the trading community."

IMTRADER has over 2000 users in institutional sales and trading, and serves more than 350 buy-side institutions, including prominent hedge funds, which have traded over 3 billion shares through the network.

About Pivot Solutions

Pivot Solutions services the communications and trading needs of institutional traders through its product IMTRADER. IMTRADER integrates trading technologies with rich instant messaging functionality specifically developed for traders and their customers. Over two thousand IMTRADER community members choose the IMTRADER platform to stay connected, improve responsiveness, and generate more time for value-creation activities. This includes over 350 buy-side firms who have used IMTRADER to trade over 3 billion shares.

Pivot Solutions has operated since 2002 and is backed by Eze Castle Integration, Softbank Capital, Draper Fisher Jurveston Gotham Ventures and Hudson Ventures.