About Integrated Technology Partners

Integrated Technology Partners (ITP), a joint venture of Delta Data Software and Recognos Financial, was founded to address the mutual fund industry’s need to easily access fund data and distribute fund disclosure documents. The result of that effort is the Mutual Fund Information Portal (MFIP). The MFIP is an industry utility designed to provide the industry participants and their clients with ALL the Mutual Fund Information necessary to support all aspects of the business from start to finish.

The MFIP is a repository of compliance documents that include summary prospectus, statutory prospectus, SAI, shareholder reports and other disclosure documents that can be used by both Fund Managers and Distributors in flexible and innovative ways to satisfy their specific internal informational needs as well as their compliance obligations around disclosure document delivery.

Additionally, MFIP provides a reliable and cost-effective source of critical mutual fund information directly from SEC-filings, ensuring that the integrity of the source data is maintained and easily verifiable. MFIP requires no data entry, no data cleansing and provides industry consistency by showing all parties the same source data. The mutual fund industry currently incurs direct costs in excess of $300 million per year for data subscriptions and to print and mail prospectuses and other documents. ITP’s goal is to reduce these direct expenses by 50% within the first two years, and up to 60% to 70% in year three.

About Delta Data Software

Keenly focused on solving complex challenges in the financial services industry, Delta Data has a 23-year legacy of delivering expertise and proven software solutions and services that move and keep our clients ahead - driving profitability by anticipating and solving compliance mandates, mitigating risk, and improving processing efficiencies facilitating a higher level of customer service and competitive advantage.

Our flagship product, FUNDLinx™, provides a comprehensive processing environment for daily-valued assets – from account registration, trade order aggregation, position reconcilement, and income processing to revenue sharing and commission management.

Delta Data teamed with SunGard to develop a Web-based platform delivering access, analytics, reporting and delivery of subaccount trade data to facilitate industry compliance with the requirements of SEC Rule 22c-2, enacted to combat market timing in mutual fund securities.

Our newest product, FUNDViews™, is the industry’s first Web-based service providing delivery and enhanced usability of mutual fund general security data available from the MFPS II database – a service of The Depository Trust and Clearing Corporation. This low-cost service is a powerful tool with both front and back-office applications for research, tracking rule changes, benchmarking, charting, reporting and extracting data points of interest for any user-defined portfolio of mutual fund securities.

Delta Data – leveraging extensive industry experience and long-term vision to deliver value through relationships, talent and technology.

About Recognos Financial

Recognos Financial was founded in 2008 by the original partners in Xcitek Inc., a well known market data vendor (acquired by IDC in 2007) and Recognos Inc., a Silicon Valley based systems development firm. Headquartered in New York, its goal is to bring together semantic technologies and financial data to provide:

• More useful data
• Greater insight
• Increased flexibility
• Lower cost

In addition to being a data provider, Recognos Financial offers data centric semantic technology development services. Recognos Financial partners with Metatomix Inc. the world’s leading provider of semantic platforms and tools. Together they offer complete end-to-end innovative semantic solutions for all types of business issues throughout the Financial Services Industry.

Utilizing semantic technologies, Recognos Financial has developed the ability to create structured data from unstructured documents. Unlike other vendors that employ a syntactical method, the Recognos Financial method is semantic. While both methods extract key data elements from text documents to make the data useable by both computers and humans without the need for keying it in and thereby losing the integrity of the source data, the methods have some key differences. Syntactical methods merely search for key words. The semantic approach searches for concepts and key data elements within those concepts. It understands both meaning and concept. The end result is the ability to structure and format any text document. Recognos Financial has applied this methodology to many types of documents. Any form or document within the SEC’s EDGAR database is a candidate as is any text document from any source.

As a distributor of EDGAR data, Recognos Financial has access to all documents and forms filed with the SEC. For mutual funds this includes Form N1-A filings and therefore Prospectuses and Statements of Additional Information (SAI) the Statements of Holdings (Form N-Q) and related form filed with the SEC.