Mr. Andrew Duncan reports

BOARDWALKTECH SIGNS AGREEMENT WITH TATA CONSULTANCY SERVICES LIMITED

Boardwalktech Software Corp. has signed an agreement with Tata Consultancy Services Ltd. (TCS), the largest IT (information technology) services and consulting company in India with operations in 46 countries and over 615,000 employees. TCS will be teaming with Boardwalktech to deliver consulting and professional services in the financial services market for the Boardwalk Velocity product. The Velocity product provides a platform for financial institutions of all sizes to rapidly remediate and transform their Excel-based and Access-based end-user computing (EUC) environments into a compliant, auditable and scalable solution.

"We are honoured to be partnering with TCS to deploy the Boardwalk Velocity solution within an existing large joint U.S. banking client to help them rapidly transform a significant number of EUCs within the bank. The expertise, client access and manpower that TCS brings to the financial services industry to help improve operations and compliance via the transformation of these EUCs onto the Velocity platform will be a game changer, saving significant costs and time for many banks and financial institutions," said Andrew T. Duncan, chief executive officer of Boardwalktech. "Further, Boardwalktech looks forward to working with TCS to expand Boardwalk Velocity into other global financial institutions."

Financial institutions utilize thousands of Excel-based and Access-based EUCs for financial and performance models, along with reporting trackers that must be transformed into an environment to mitigate and manage capital risk, while being compliant with Office of the Comptroller of the Currency and Dodd-Frank risk modelling requirements. By leveraging Velocity's unique data architecture, these end-user solutions can be rapidly transformed onto a compliant managed database platform. These transformations can be completed faster than any other solution currently available in the market with minimal impact to the end-users' day-to-day operations, all while preserving user reliance on the Excel experience and their existing EUCs. IT (information technology) partners and financial services customers have reported an improvement of 10 times in time to deploy and cost to transform using Velocity to remediate small, mid and highly complex EUCs versus alternative software solutions.

Velocity has an innovative and patented capability to convert Excel data and models into a database application. The platform converts Excel into a full three-tier application stack by absorbing the Excel data/model. It then allows the end-user to interact with the data using an innovative Excel browser feature. This feature ensures secure data access by dynamically downloading access-controlled data upon authentication. It wipes the data clean from Excel memory upon closing the file, thus eliminating the security risk associated with Excel. Velocity supports cell-level, row-level, column-level, grid-level and workbook-level auditability. It can also capture the auditability of approvals and workflow notifications. These improved auditability, operational and governance features allow financial service firms and banks to continue to use Excel while moving these EUCs into a compliant, secure and auditable environment.

About Boardwalktech Software Corp.

Boardwalktech has developed a patented digital ledger technology platform currently used by Fortune 500 companies running mission-critical applications worldwide. Boardwalktech's digital ledger technology and its unique method of managing vast amounts of structured and unstructured data are the only platform on the market today where multiple parties can effectively work on the same data simultaneously while preserving the fidelity and provenance of the data. Boardwalktech can deliver collaborative, purpose-built enterprise information management applications on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital-ledger-technology-based platforms. Boardwalktech is headquartered in Cupertino, Calif., with offices in India and operations in North America.

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