Baring Asset Management Selects Bonaire's REVPORT(TM) to Drive Its Management Reporting

Following the Successful Completion of a Proof of Concept Project, Barings Implements the REVPORT(TM) Solution Suite

• Press Release
• Source: Bonaire Software Solutions
• On 5:16 pm EST, Monday January 12, 2009

LONDON--(MARKET WIRE)--Jan 12, 2009 -- Bonaire Software Solutions, LLC, a leading provider of financial services software solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT(TM) Revenue Management suite has been selected by Baring Asset Management (Barings). Headquartered in London, UK, Barings contracted with Bonaire following the successful completion of a Proof of Concept project.

Barings' decision provides a key 'win' for Bonaire and further underpins REVPORT(TM)'s evolution from its traditional back-office, billing roots. Although continuing to harness REVPORT(TM)'s market-leading fee, rebate and commission calculation capability, Barings felt it was its ability to underpin their stringent Management Information needs that set it apart from the competition.

The implementation project is already progressing successfully and Barings is confident about delivering upon its stated objectives to:

 
--  Centralise revenue, sales and performance data within a single, robust
    repository
--  Automate existing manually-based data consolidation and reporting
    tasks
--  Automate the production of standard MI reporting and improve
    responsiveness to ad-hoc needs
--  Provide the foundation for comprehensive financial modeling,
    forecasting and analysis
--  Lower operating costs and improve efficiency through the replacement
    of manually intensive, spreadsheet-based fee and rebate processes

"After evaluating a number of package and self-build options, we felt that the combination of REVPORT(TM)'s comprehensive, proven data-model and Bonaire's commitment to working in partnership with Barings provided a compelling reason to proceed," said Julian Swayne, CFO at Barings.

Gary Watts, UK MD at Bonaire, commented, "With the support of our blue-chip client base, we have continued to invest heavily in rolling out our product vision. Although REVPORT(TM) continues to be the pre-eminent revenue management solution; we have evolved our offerings by deploying additional modules including financial modeling and analytics, rules-based payment matching and integrated Business Intelligence. This strategy is paying dividends and adding the household name Barings to our rapidly expanding customer base is testament to that."

REVPORT(TM) Revenue Management Key Features:

 
--  Provides a single repository for revenue, sales and performance data
--  Automates revenue management and fee billing
--  Calculates complex fees, accruals, produces invoices and generates all
    accounting and audit output
--  Centralizes fee calculation rules, embedding knowledge in the
    application and enhancing financial management and control
--  Provides management information via fully integrated MI tools,
    including data cubes, views, dashboards and graphical visualization /
    reporting
--  Allows revenue modeling, forecasting and analytics to be performed
    using actual billing rules and schedules
--  Seamlessly integrates with existing upstream / downstream financial
    management and reporting systems

About Bonaire Software Solutions, LLC

Bonaire is focused on providing software and services solutions to the asset management industry. Clients include industry leading investment managers, mutual funds, wealth managers, banks/trusts and retirement services providers.

Revenue Management Software Products include:

 
-- REVPORT(TM) - Fee billing platform
   -- Multi-currency/multi-lingual
   -- Custom Rule Generator
   -- Commissions
   -- Revenue modeling and forecasting analytics
-- PAYPORT - Payment processing platform with payment matching
-- EMPOWER - Management Information platform
   -- EMPOWER Basic - Report/Invoice 'views' Developer Toolkit
   -- EMPOWER/BI -  Management Information and reporting

Based in Boston, MA, and London, UK, Bonaire is a privately held company founded in 1999. For more information about Bonaire Software Solutions, please visit www.bonairesoft.com.

About Baring Asset Management

Baring Asset Management is an international investment management firm with investment skills, clients and business locations spanning world markets. Our investment competency encompasses developed and emerging market equity, fixed income and multi-asset portfolio management services offered to institutions, retail investors and private individuals. Worldwide clients include public and corporate pension plans, government agencies, financial institutions, charitable organisations, mutual funds and private individuals.

Baring Asset Management is part of the MassMutual Financial Group, a global, diversified financial services organization. Massachusetts Mutual Life Insurance Company (MassMutual) is one of the largest life insurance businesses in the USA.

For more information about Baring Asset Management, please visit www.barings.com.

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     Bonaire Software Solutions
     Gary Liley
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     Bonaire Software Solutions
     John Bosley
     001 617 338 0107 x122
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