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NewSpring Capital Leads Investment in Exegy

RADNOR, PA, April 15, 2010 - NewSpring Capital, a leading provider of private equity capital in the Mid-Atlantic region, today announced that it led a $10 million investment in Exegy Inc. through its growth equity fund, NewSpring Ventures.  Headquartered in St. Louis, MO, Exegy plans to use the proceeds to provide working capital to expand its market presence and enhance the Company's product offering.

Founded in 2003, Exegy is now the market leader in providing hardware accelerated ticker plants to high frequency trading firms and exchanges.  Leveraging the very latest advances in computer technology and providing a machine monitoring service, Exegy is able to exploit a growing need for the fastest and most reliable computer technology for firms trading stocks, options and futures in the U.S., Canada and Europe.  "This infusion of capital will help us to continue the growth and acceleration of our business model.  NewSpring has a proven track record of creating value in their portfolio companies and we are very excited at the prospect of working together," said Jim O'Donnell, Chairman and CEO of Exegy Inc.

"Exegy is known to have the fastest and most robust ticker plant, and is clearly the industry leader in its field. The Company is led by a team of market data and hardware experts that have spent years perfecting their solution," said Marc Lederman, NewSpring General Partner.  "The Company's client base of leading banks, hedge funds and exchanges represents a tremendous opportunity for continued growth as they optimize their trading systems to deal with microsecond latency requirements and the ever growing capacity demands of electronic trading. We look forward to helping Exegy secure its position as the market leader for ticker plants."  Marc Lederman will represent NewSpring on the Board of Exegy.
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