ALPHACET BOARD OF DIRECTORS WELCOMES VIRGINIA GAMBALE

Investor and technology leader Virginia Gambale brings investment expertise to Alphacet Board of Directors

Stamford, Conn., October 12, 2010 - Alphacet, Inc., a developer of innovative software solutions for quantitative analysts, portfolio managers and traders, today announced that it has appointed Virginia Gambale to its board of directors. Ms. Gambale is the managing partner of Azimuth Partners LLC, which she founded in 2003 to help early and mid-stage companies develop growth strategies and business partnerships.

"As Alphacet continues to emerge as a leader in the quantitative financial modeling field, we are excited to welcome financial technology veteran Virginia Gambale to our board of directors," says Peter Sibirzeff, chief executive officer of Alphacet. "Having held senior management positions at global banks such as Merrill Lynch and Deutsche Bank, Virginia has the experience and insight Alphacet needs as we look to expand our award-winning platform into additional markets."

"As a supporter of financial technologies that help improve existing work processes, I am excited to serve on the Alphacet Board of Directors," said Ms. Gambale. "Alphacet's Discovery platform has the functionality quants need to truly build smarter financial models, and I look forward to acting as an advisor and advocate for Alphacet as they continue to unveil this important technology within the financial markets."

In addition to her senior management experience, Ms. Gambale has served on over 20 public and private boards including: Motive (NASDAQ-MOTV), Workbrain (TSE-WB), Synchronoss Technologies (NASDAQ-SNCR), 29West (sold to Informatica) and IQ Financial (Chairman). Ms. Gambale currently serves as a Director for JetBlue (NASDAQ-JBLU), Piper Jaffray (NYSE-PJC) and three private companies.

Ms. Gambale is a member of the Mentor Faculty and Thesis Evaluation board for Columbia University's Graduate Masters in Technology Leadership. She is a frequent guest lecturer at Columbia University and the CIO Institute. Ms. Gambale earned a Bachelor of Science degree in Mathematics and Computer Science with a minor in Business from the New York Institute of Technology. She also studied piano performance at the Julliard School and Hartt Conservatories. She is a Board Director of the Newport Music Festival.

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.

Please keep me informed about Alphacet.