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Tradeware Systems Receives Investment from Summit Partners.

Supplier of Electronic Order Management and Routing Solutions Launches Major Business Expansion.

New York and Boston, July 12, 2004 - Tradeware Systems Corp. (Tradeware), a global provider of Financial Information eXchange (FIX)-based electronic order management systems and direct market access trading connectivity solutions, announced today that it has received a $6 million minority investment from Summit Partners, a leading private equity and venture capital firm with more than $5.5 billion under management.

With this funding, Tradeware intends to accelerate its software development work, fuel the ongoing expansion of its data centers in New York and London, and support future activity related to strategic partnerships and acquisitions. The FIX protocol is a messaging standard developed for the real-time electronic exchange of securities transactions.

"Since Tradeware's founding in 1993, we've come to be recognized not only as leaders in FIX-based trading technology, but for delivering the best customer experience and value in the business," said Tradeware Chairman John J. Marino. "As a result, our base of broker/dealer and buy-side clients has expanded to more than 250 firms across the United States and, following our global connectivity launch this spring, in Europe as well. At the same time, we've posted more than 25 consecutive quarters of revenue growth and have been profitable since 1998."

"Tradeware is poised to launch a number of new software products this year that will add tremendous value for our customers" said Marino. "Our relationship with Summit Partners will provide us with the capital and strategic planning resources we need to shorten the time required to get our customers into production with these innovations, while accelerating our development of future offerings."

"We've been impressed by the Tradeware team, their record of financial strength and stability, their reputation as champions of Financial Information eXchange (FIX) technology, and their ability to leverage this technology on behalf of a fast-growing and remarkably loyal customer base,"said Mark A. deLaar, a vice president with Summit Partners, who has joined Tradeware's Board of Directors. "Tradeware is developing a suite of exciting new products, and introducing an unprecedented cross-border securities trading and settlement platform for the North American and European financial services industries. The company has doubled in size over the past 18 months and is building on this momentum with an even more ambitious strategic plan for the year ahead. With Summit Partners' financial support and strategic guidance, Tradeware can be more aggressive in executing on this plan."

About Summit Partners
Summit Partners is a leading private equity and venture capital firm. The firm has a capital base of more than $5.5 billion, with offices in Boston, Palo Alto and London. Formed in 1984, Summit Partners has provided growth equity, recapitalization and leveraged buyout financing to more than 255 companies, which have completed more than 105 public offerings and 85 strategic mergers or sales. Summit Partners seeks outstanding management teams that have self-financed their companies to profitability and market leadership in a broad range of emerging growth industries, including technology, healthcare, business and financial services, and industrial and consumer products.
For more information, visit www.summitpartners.com

About Tradeware Systems
Founded in 1993 and located on Wall Street, Tradeware specializes in flexible FIX-based equity order management systems, FIX connectivity solutions, and full front-to-back office integration and compliance reporting services. Tradeware's open platform provides connectivity for approximately 95 percent of the buy side and all major U.S. listed and OTC marketplaces. Tradeware currently handles about seven percent of NYSE daily volume. The Company's service bureau business model offers customers the much sought-after benefits of trading neutrality. More than 250 brokerage firms and institutional investors around the world rely on Tradeware???s products and connectivity services.

The business of Summit Partners in the UK is regulated by the Financial Services Authority.