Westchester advises Statpro Group plc in sale of FRI real time business to Tenfore Systems Ltd.

LONDON – August 6, 2007: Westchester Associates Limited (www.westchester.co.uk) today announced that it acted as M&A advisor to Statpro Group plc ("Statpro") in the sale of the real time data business acquired with FRI to Tenfore Systems Ltd ("Tenfore").

When acquired by Statpro, FRI was comprised of a number of business units. Statpro’s intention being to integrate and build up those business units that were core to the business and dispose of those that were not. Accordingly, FRI's real time data business and real time client base have been transferred to Tenfore for a consideration of up to US$2.5 million. Also as a component of the transaction, Statpro will receive a real time data feed from Tenfore to replace the existing feed. This business was non-core as the clients operated in different markets from Statpro’s traditional clients and it was extremely unlikely they would buy any of Statpro’s other products.

The FRI real time data division has annual revenue of around US$1.5 million (£0.75 million).

Commenting on Westchester's valuable contribution to the sale process, Statpro CEO Justin Wheatley stated, "Westchester were instrumental in the disposal of this non-core part of our business, from initiating the initial contact with Tenfore, through to ensuring the best financial deal for Statpro. Westchester’s excellent contacts within the Financial Technology market and in-depth understanding of the landscape meant that the most likely buyer was identified on Day One. Throughout the sale process, they were very responsive and always available whenever required."

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