EXENET Announces Appointment of Enterprise Technology Veteran as CEO

NEW YORK, NY--(Marketwire - May 13, 2009) - EXENET LLC, a leading provider of IT consulting, integration and outsourcing services for law firms, alternative investment and wealth management companies, today announced the appointment of enterprise technology veteran Gil Shaked as Chief Executive Officer. Mr. Shaked will focus on expanding solutions and best in class services to EXENET clients by positioning the firm as the comprehensive go-to technology partner.

Mr. Shaked brings over 25 years of global technology and management experience in support of clients across the financial industry including alternative investments, asset management, and hedge funds. Throughout his career, he has been recognized for his ability to deliver complex, large-scale, cross-product global platforms and support of advanced solutions that leverage technology to meet business objectives.

"I found EXENET to have great people and a strong technology platform; it is a unique opportunity to be part of an entrepreneurial team and to significantly expand our presence in the alternative investment and legal verticals with industry leading services," said Mr. Shaked. "Coupling EXENET solutions with other technology platforms and strategic relationships will create more comprehensive offerings for our clients and position us as the leading technology provider."

Prior to joining EXENET, Mr. Shaked was with Credit Suisse for 10 years, serving as a Managing Director and the Global Head of Prime Services and Alternative Investments Technology where he spearheaded the development of a premier hedge fund servicing platform that included trading, risk management, prime brokerage, reporting systems and many other functions and services that enabled Prime Services to become a top player in the financial industry. Mr. Shaked built a global team with operations in New York, Chicago, London, Zurich, Hong Kong, Tokyo, India and Singapore serving thousands of clients worldwide. His career also includes leadership roles at Lehman Brothers, where he served as global head of credit and market risk technology, Bankers Trust and Citibank.

"We believe that with his combined expertise, track record, and strong leadership skills, Gil will drive and position EXENET for significant growth by delivering the very best client solutions and services in the industry," said David Gentile, EXENET's Chairman of the Board. "In addition to assisting clients in managing their operations more efficiently, we will expand our capabilities in technology infrastructure, applications, document management, compliance, and data and system integration."

Mr. Shaked will replace Umit Cinali as CEO. Mr. Cinali will focus on strategic initiatives at EXENET.

About EXENET

EXENET LLC, headquartered in New York City, is a provider of IT consulting, integration and outsourcing services for specialized markets, including legal, alternative investment and wealth management. EXENET offers enterprise-class solutions ranging from fully outsourced IT services through its state-of-the-art Network Operations Center (NOC), to M&A consulting, IT asset consolidation and global deployments. The company's customized IT-as-a-Service approach is designed to reduce risk, enable business agility, and lower operating costs to help firms increase returns. www.exenet.com

Contact Information: Media Contact: Lisa Jane O'Neil President LJO Associates, Inc. Phone: 212-786-7629 or 917-361-8303 Email: