Bonaire Licenses REVPORT(TM) Fee Billing and Accounts Receivable Suite to Transamerica Investment Management, LLC

BOSTON, MA--(Marketwire - June 03, 2008) - Bonaire Software Solutions, a leading provider of financial services software solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT Revenue Management and Fee Billing application has been selected by Transamerica Investment Management, LLC ("TIM"). The REVPORT Fee Billing and Accounts Receivable suite automates the entire Revenue/Fee calculation and collection process. The solution is specifically designed to meet the complex needs of large multi-currency global users. REVPORT takes in data feeds from the client's recordkeeping platform, undertakes complex rules-based calculations and then posts the fees to the general ledger, while automatically generating invoices. The A/R and Collection functionality significantly optimizes the payment matching functions and automates the associated FX Gain/Loss transactions sequence. "We compared Bonaire's REVPORT to other systems and thought the user interface was very intuitive and much easier to use. In addition, the Bonaire team really impressed us with their understanding of our business and their approach to solving some of the unique and complex revenue management challenges facing investment management firms. We are excited to be fully integrating REVPORT into our back office platform," said Travis Weimer, Chief Financial Officer at TIM. REVPORT(TM) creates compliance-driven audit trails further eliminating manual processes, which are labor intensive and error prone. TIM will be able to automatically calculate a variety of fees, including foreign currency, asset management, wrap, and performance. Sub-advisor payouts and commissions associated with accounts and portfolios are also automatically computed. "We are extremely proud of our new relationship with Transamerica Investment Management and also having added another premier investment firm to our growing, global client base," said Scott Fitzpatrick, Vice President of Sales of Bonaire. "Since 1999 we have built a tremendous client base consisting of the world's leading asset managers, all of whom have come to trust our products and services." REVPORT Revenue Management Key Features: -- Automates revenue management process related to fee billing and accrual computations -- Calculates complex fees, accruals, produces invoices and generates all accounting and audit output -- Centralizes fee calculation rules, embedding knowledge in the application and enhancing financial management and control -- Dramatically improves the A/R and Collections functions via intuitive payment matching algorithms and automates the associated FX Gain/Loss transactions sequence About Bonaire Software Solutions, LLC Bonaire is focused on providing product and service solutions to the financial services industry. Clients include industry leading investment managers, mutual funds, broker dealers, registered investment advisors, custody and clearing, wealth management and retirement services providers. Products include REVPORT(TM), a Revenue Management and Fee Billing application, and RECAST(TM), a transfer pricing and revenue reallocation module providing revenue reallocation with conditional rules based logic that creates real time revenue and expense reports. Based in Boston, MA, Bonaire is a privately held company founded in 1999. Please visit About Transamerica Investment Management, LLC At Transamerica Investment Management, experience and observation have convinced us that certain traits are indispensable to the goal of delivering investment success over long periods of time. We are committed to cultivating these essential characteristics within our company, so that we may strive to exceed our clients' expectations for absolute and relative investment performance. We undertake to: -- Place clients' interests first and foremost. -- Set and adhere to the strictest standards of professionalism and integrity. -- Build a team of individuals who possess the unique characteristics to be successful asset managers. -- Enable their success with a time-tested investment process and a challenging but supportive working environment. -- Combine experience and judgment with conviction in every aspect of managing our clients' money. Transamerica Corporation, including its subsidiary TIM, is a member of the AEGON Group, a multinational insurance organization headquartered in The Hague, The Netherlands. AEGON is one of the world's leading life insurance and financial services organizations. MEDIA CONTACT: Scott Fitzpatrick Bonaire Software Solutions 617-338-0107 ext. 116