Compliance11 and Evare Partner to Help Financial Firms Better Manage Employee Personal Trading Activity

Partnership Brings Electronic Brokerage Feeds for Employee Trading Accounts to Small and Mid-Sized Firms

CHICAGO, IL and Burlington, MA, July 28, 2008 - Compliance11™, Inc. a leading provider of regulatory compliance management solutions, and Evare LLC, a leader in financial data acquisition, enrichment, transformation and delivery today announced a strategic alliance.

Compliance11 will leverage Evare's cutting edge data technology to provide its customers, broker-dealers and investment advisors, the ability to electronically and securely access employee trading account information from outside brokerage firms. The ability to access electronic brokerage confirms has traditionally only been available to firms who have a large number of employee accounts at a broker and have a large IT staff to support the data integration.

The key to being able to offer this service is Evare's data engine coupled with Compliance11's Software-as-a-Service (SaaS) model. Each brokerage provides a feed to Evare who in turn provides a single feed to Compliance11, all with no IT involvement. With electronic brokerage confirms in hand, firms can use Compliance11's personal trading software to reconcile the brokerage confirms with employee pre-clearances and/or identify potential areas of risk by producing analytical reports. By expediting the process and offering an intuitive software application to manage, monitor and report on the employee trading information, firms can be confident that they are meeting current regulatory compliance requirements comprehensively and efficiently.

Larry Goldfarb, co-founder and chief sales & marketing officer at Compliance11 said, "Our agreement with Evare gives us an opportunity to provide our customers immediate access to their employee trading account information. Many small to mid-sized firms struggle to get this information from the brokerage houses preventing them from monitoring employee personal trading activity in a timely manner. We believe this gives us a competitive advantage in this increasing regulatory environment."

Bryan Gleason, Evare's president and chief financial officer is quoted as saying, "We are very excited about partnering with Compliance11 in support of its strategy. Automating compliance data of employee trading accounts held at broker/dealers for Compliance11 and on behalf of its clients is a big win for both of our organizations."

About Evare LLC
Founded in 1996 and headquartered in Massachusetts, Evare LLC is a managed utility service provider for financial data acquisition, enrichment, transformation and delivery. Evare serves as a data transformation hub for over 300 asset managers, broker/dealers, custodial institutions, banks, corporations and their respective clients worldwide. Evare also supplies desktop applications to municipal and government agencies.

As a member of SWIFT, Evare has access to over 8,200 institutions in more than 200 countries. Evare provides services for link and data management that adapt each set of communications to the system, process, and format each client or counterparty prefers. Member / concentrator services are administered by Evare which makes moving towards internal and external STP quick, easy and cost effective. To learn more, visit www.evare.com.

About Compliance11
Compliance11, Inc. is a leading provider of regulatory compliance management solutions. The Company's Software-as-a-Service (SaaS) application, the Compliance11 Supervisory Suite, addresses a critical need for compliance officers to meet current regulatory and supervisory guidelines. The Supervisory Suite automates and effectively manages employee personal trading, affirmations & disclosures, gifts and case management. For additional information visit www.compliance11.com.

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