LINZ STROM SELECTS ALPHACET DISCOVERY TO INCREASE THE EFFICIENCY AND COMPLEXITY OF ITS FINANCIAL MODELS

Austrian energy giant Linz Strom turns to Alphacet Discovery to streamline its quantitative commodity and financial modeling workflow

Stamford, Conn., July 12, 2010 - Alphacet, Inc., a developer of innovative software solutions for quantitative analysts, portfolio managers and traders, today announced that LINZ STROM GmbH, a power generation, trade, service and telecommunications corporation in Austria, has selected award-winning platform Alphacet Discovery, the only straight through processing (STP) solution for quantitative strategy development and deployment, for all its quantitative financial modeling needs.

LINZ STROM selected Discovery after working with Alphacet partner Lakeview Capital Market Service, an investment, technology and consulting provider in Starnberg, Germany. Lakeview will provide LINZ STROM with customer support, client customization and all necessary application integration services.

"As volatility continues to affect the energy markets, we need a financial modeling platform that enables asset based analysts and traders to test and refine different strategy ideas easily," said Vladimir Brody of LINZ STROM GmbH. "With Alphacet Discovery, our traders can develop new strategies as they think of new ideas, without wasting weeks programming code or integrating data. This greatly accelerates the investment to trade lifecycle, empowering us to react to market changes as they happen."

LINZ STROM will use Discovery to power its energy trading group. LINZ STROM was drawn to Discovery for its ease of use and streamlined quant workflow that enables its analysts and traders to develop systematic energy commodities strategies rapidly. It also was impressed with Discovery's real-time interactive dashboard for monitoring all derived output strategy series in real time, as well as Discovery's ability to send orders live to the market.

"We are excited that LINZ STROM GmbH has selected Alphacet Discovery as its enterprise financial modeling platform," said Peter Sibirzeff, chief executive officer for Alphacet. "By utilizing Discovery to advance its energy trading activities, LINZ STROM will be able to create, test and deploy live strategies rapidly, while scaling its solution to meet the current needs of its business."

Discovery is an enterprise platform designed specifically for quants, traders and managers looking to develop complex multi-asset class financial models that combine multiple data sources and run on intraday data, down to the one second level. Discovery includes a preprogrammed library of more than 650 mathematical routines and allows users to develop models with or without coding.

With Discovery, users can develop, back test, walk forward (paper trade) and launch live strategies seamlessly, with no complicated data integrations or coding skills necessary. With a fully integrated ecosystem of top-tier partners, Alphacet is the only platform able to offer users a complete quantitative work process that is up to 80% more efficient than traditional workflows.

Alphacet was awarded the 2009 Best Buy-Side Newcomer award by Buy-Side Technology and was named a finalist for The Technical Analyst's 2010 and 2009 Best Automated Trading Product awards. It also received top ratings from the Aite Group in its 2008 "The World According to Quants" report.

About LINZ STROM GmbH

LINZ STROM GmbH is a subsidiary of Linz AG. LINZ AG is run as an active management holding with four strategic subsidiaries and one service-rendering company. LINZ AG was founded also as a response to liberalization of the markets supplying electrical power and gas. A market-oriented combine was created, one abreast of the times, which would reduce costs and ensure profits through utilization of synergy potentials. In addition, a basis was simultaneously established for its organization as a "multi-utility" supplier. For additional information on LINZ AG, please visit www.linzag.at.

About Alphacet

Alphacet, Inc. is a developer of innovative software solutions for quantitative analysts, traders and portfolio managers. Alphacet's management team combines experience in the development and marketing of complex trading technologies with practical trading expertise and extensive academic and research talent. The company was founded in 2007, building on development work begun in 2003, based on pioneering work by researchers at the University of California. Alphacet is headquartered in Stamford, Connecticut. For additional information please visit www.alphacet.com.

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