GemStone Systems and MPI Professionals Announce Strategic Alliance to Benefit the Financial Services Industry

Initiative Combines High Performance Data Services With Business Management, Planning and Implementation Solutions For the Capital Markets Sector

Beaverton, OR and New York, NY - July 16, 2003 - GemStone Systems, Inc. and MPI Professionals today announced their strategic alliance focused on managing and implementing complete mission critical real-time data management solutions for the financial services community. GemStone's 20 years of experience in data distribution, caching and management software and MPI's industry leading business process knowledge, will help clients solve data management challenges by providing cost-effective data distribution solutions.

"Our new alliance with MPI will provide financial services firms with the technical expertise and resources they need to implement a technology solution that will provide results immediately ", said Richard Lamb, president of GemStone Systems. "Businesses today strive to increase information effectiveness to make better decisions, increase revenue opportunities and maintain a competitive edge. GemStone has the technology to accomplish these goals and MPI has the implementation skills to take these projects from blueprint into production."

Information, whether its market data, reference data, or account information, needs to be available on demand at the right place, at the right time and in the right format at a low cost of ownership. The combined efforts of GemStone and MPI will help clients save money, by optimizing existing infrastructure and resources, and reducing time to market.

Managing Data Across The Enterprise

GemFire from GemStone is an industry leading high performance data services solution. GemFire is a flexible, cross-platform solution that integrates data from multiple sources in real-time, serving that data at high speeds from automatically synchronized copies near the data consumers. The GemFire data services solution increases effectiveness of existing technology and integrates, transforms, distributes and manages data across enterprise databases, applications, languages, platforms and hardware. Leading financial institutions use GemFire to build enterprise-wide applications to optimize the ROI on key initiatives including risk management, reference data and real-time pricing and analytics.

In large processing environments, optimizing systems and operational efficiencies represents an ongoing and often costly challenge---particularly as financial institutions work to improve reference data and position management. "That's where MPI can add significant value," said Ron Stein, MPI's Managing Partner. "MPI specializes in providing experienced A -Team project managers to ensure project delivery on-time and within budget. MPI's project based orientation is a direct result of their years of experience estimating, launching, managing and completing projects on Wall Street".

About GemStone Systems, Inc.

GemStone Systems is a privately held company with over 20 years of software experience in developing high performance object oriented technology and highly scalable systems for enterprise organizations. GemStone's patented technology delivers the speed, performance and capabilities that enterprises need from the hardware and software they already own. Industry leading global organizations such as IntercontinentalExchange Inc., JP Morgan Chase, UBS Warburg, BellSouth Telecommunications and Orient Overseas Container Line depend on GemStone technology and expertise to build scalable, mission-critical applications that have set the standard in their industries, and given them the competitive edge to be increasingly profitable.

Headquartered in Beaverton, Oregon, GemStone sells and supports its solutions through its US sales force and a worldwide network of distributors. For detailed product and company information, please visit www.gemstone.com

About MPI Professionals

MPI (Management Planning & Implementation) is a consulting firm based in New York City focused on the financial services industry. MPI assists financial services firms launch, manage, and complete mission critical projects. With a balance of business and technology expertise, MPI helps manage systems, process, and operational challenges. MPI considers each project unique and implements the appropriate tools, review policies, and procedures for that project.

MPI has applied its skills to a wide range of planning and program/project management engagements. Headquartered in New York, NY, MPI has delivered innovative business and systems integration solutions for a variety of global investment, brokerage and wholesale banking institutions. For more information, please visit http://www.mpipros.com .