London and New York - February 14, 2008 - Lab49, Inc., a consulting firm specializing in the building of advanced software applications for global financial institutions, today reported strong growth of its operations, revenue, and profits in 2007. It marks a successful year that has seen Lab49 deliver on its strategy to increase and diversify its client base, formalize its core service capabilities and further solidify its position as a thought leader in the industry.

"While the past six years of Lab49's history have all seen significant growth, this year has been unique in that we've experienced a step-change increase in demand for our services, across a number of lines of business on both the sell-side and buy-side including fixed income, equities and structured products. In addition to counting six of the tier-one investment banks as on-going clients, we have also seen a very healthy demand from hedge funds, exchanges and other market participants and suppliers," said Luke Flemmer, Managing Director and co-founder at Lab49.

In 2007, Lab49 announced two additional core technical capabilities: Complex Event Processing (CEP) and Windows Presentation Foundation (WPF), both of which complement its existing Large Scale Computing practice to help clients build advanced applications in their front office. Each of these offerings have been utilized in a number of new projects delivered to clients last year.

Some of the projects that Lab49 delivered in the past year for its clients include:

• Algorithmic trading for fixed income and equities (real-time pricing, cross-venue execution, market simulation, performance instrumentation and complex event processing)
• Advanced visualization and Rich Internet Applications (RIA) using Microsoft's WPF and Silverlight as well as Adobe's Flex
• Pre- and post-securitization pricing engines
• Prime brokerage trading and risk management
• Large scale computing (distributed analytics on compute grids and distributed cache technologies)

Additionally, Lab49 has built a compelling portfolio of business and technology partnerships that have supported the growth of the business and provided key technologies as part of advanced client solutions. These include providers of complex event processing and large scale computing technologies as well as commercial and open-source frameworks and infrastructures. For more information, please visit http://www.lab49.com/insidethelab/partners.

The London office in particular has seen a sharp increase in revenue and clients since its opening in June 2006. "Our UK operations now account for over a third of the group's revenue. London's financial services market remains one of the most demanding technology centers in the world and, in reponse, we continue to push the envelope in coming up with innovative solutions for our clients' real-world challenges through the application of a wide range of state-of-the art technologies," said Vivake Gupta, Managing Director and co-founder at Lab49. "The new office presents an enormous opportunity for Lab49 to partner with European players in really pushing the boundaries of financial technology."

In 2008, Lab49 will build upon the previous year's success and momentum by continuing to expand the use and adoption of innovative technologies in financial services. In addition, the consultancy will continue to work with new and existing partners that want to leverage Lab49's real domain expertise and capabilities to develop advanced and custom solutions.

"2007 was a remarkable year for Lab49, as we have expanded our service offerings, formed new partnerships, taken on many new clients, and firmly established ourselves as thought leaders in financial services technology. By continuing to develop innovative solutions that help our clients compete through better technology, we expect these positive trends to continue in 2008," said Daniel Chait, Managing Director and co-founder at Lab49.

Based on years of proven experience, Lab49 predicts that a number of emerging technologies will gain traction in financial services and radically change the way applications are designed, created and managed. These include: EC2-style procurement of computational capability; an explosion in the use of multi-core processors; an increased investment in real-time trading and risk systems; and the rise of rich internet applications (RIA) and associated technologies such as Flex and Silverlight. Many of these trends are highlighted on Lab49's company blog at http://blog.lab49.com.

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Notes to editors:
Biographies, photos and software demos are available on request.
For more information please contact:
Metia Inc. & Metia Ltd.
Sheryl Lee/ Tinne Teugels +1 917 320 6462/ 6458
Sheryl.Lee@metia.com / Tinne@metia.com
Simona.Cotta-Ramusino@metia.com

About Lab49
Lab49, founded in 2002, serves leading global investments banks, hedge funds and mortgage institutions and has completed custom software engagements in equities, fixed income, foreign exchange, portfolio management, and real-time risk information delivery systems. Lab49 is the financial services division of Corpus.

Corpus, Inc. is a global information technology solutions provider. Corpus has numerous Fortune 50 clients in the Media & Entertainment, Telecommunications, and Banking & Financial Services verticals. Visit http://www.lab49.com and http://blog.lab49.com.