SOX News

Artha Capital Management to Adopt MyComplianceOffice Regulatory Software System

(March 07, 2008)-- TerraNua, provider of risk and compliance solutions to the U.S. wealth management market, announced that Artha Capital Management, a Stamford, CT-based alternative investment firm, has signed a contract to utilize the firm's proprietary software solution, MyComplianceOffice for its compliance reporting needs.

"A strong culture of compliance and established procedures are more prominent and critical for hedge funds in today's regulatory environment," said Adam Jaffe, chief compliance officer of Artha Capital Management. "MyComplianceOffice provides us with a comprehensive, flexible, automated solution that will allow us to effectively monitor and, more importantly, document our compliance activities so that we can avoid any potential hazards. Having the MyCompliance Dashboard is an invaluable tool that allows me to visualize the company's adherence to its compliance mandates."

MyComplianceOffice enables U.S. wealth management firms to manage compliance programs effectively and efficiently to reduce the risks and costs related to various activities. It provides proof of compliance by memorializing compliance activities, audits of ongoing and ad-hoc compliance management activities and decisions such as attestations, policy review and updates, document storage with version control, personal trading, licensing and registrations, external gift management and suitability monitoring. MyComplianceOffice presents a real-time dashboard of compliance status, providing highlights of issues with a full drilldown to related details. It also provides personalized pages for individual employees to monitor assigned tasks and events and to submit information, such as "pre-trade clearance" or "outside interest" forms, for approval.

As an affordable Web-based solution, MyComplianceOffice allows customers to avoid substantial upfront capital expenditures in technology and other infrastructure related to creating and maintaining in-house solutions, freeing up time, resources, and money that then can be redeployed in support of the organization's core functions. The online product has a short implementation time of several weeks and may be customized to suit customers' individual needs.

"The risks of non-compliance are the same, regardless of firm size," said Brian Fahey, chief executive officer of MyComplianceOffice. "Small to mid-size firms are looking for world-class, automated compliance management solutions at affordable prices. We are thrilled that Artha Capital has chosen MyComplianceOffice to help them manage this critical function."

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