Cachematrix Achieves Second Annual SAS 70 Type II Audit

DENVER, CO--(Marketwire - November 4, 2008) - Cachematrix Holdings, LLC (, the leading provider of institutional money market fund portal trading technology to banks and financial institutions, announced today that it has again achieved SAS 70 Type II certification.

Cachematrix has obtained its second annual Statement of Auditing Standard No. 70 (SAS 70) Type II certification for its operations. Through guidance established by the American Institute of Certified Public Accountants, the SAS 70 Type II certification provides assurances regarding specific control objectives that Cachematrix designed to meet customers' unique needs.

"As a firm we are proud to have met and exceeded the rigorous requirements for the SAS 70 Type II Certification, which is one of the most stringent auditing standards for service companies," said Kevin Sun, Chief Technology Officer at Cachematrix. "What this certification means for our clients is they can be confident they are working with a software firm that holds its level of reliability and security to a higher standard."

SAS 70 is an internationally recognized accounting standard established in 1992 by the American Institute of Certified Public Accountants (AICPA). It is designed to report on a third-party service provider's operational controls and their effectiveness. Certification is achieved through an annual audit or examination that is conducted by an independent auditor.

SAS 70 is the subject of increased interest in today's environment. It provides Cachematrix customers with independent auditor validation of the procedures and controls in place within Cachematrix. The SAS 70 certification demonstrates Cachematrix's continued commitment to provide customers with the most reliable and advanced solutions in the market today.

About Cachematrix Holdings, LLC

Cachematrix is the leading financial software provider (SaaS) of on-line institutional trading systems for banks and financial institutions worldwide, providing turnkey solutions for money market portal technology, as well as fixed income and variable NAV trading systems. Cachematrix enables banks and other financial services firms to offer its corporate clients on-line access to a choice of institutional funds and a convenient, single source platform for managing them, including access to comprehensive analysis, online trading, and account management. For more information please visit,

Contact Information: For Further Information Contact: Jim Etten Cachematrix Holdings, LLC 303-468-5500 Morrison Shafroth Communications Strategy Group 303-440-6944