New York, JUNE 18, 2004- Suite, LLC (www.suitellc.com), a financial technology vendor serving banking and hedge fund clients worldwide, announces the sale of Alib and Aladdin licenses to Blue Mountain Capital Partners.

Blue Mountain, together with London-based BlueCrest Capital Management, formed BlueCrest North America, which is the investment manager to Blue Mountain Credit Alternatives, a fund that pursues structured credit and credit arbitrage strategies. Blue Mountain combines capital markets, credit and quantitative research, technology, and management skills from top institutions including JPMorgan, Goldman Sachs, and McKinsey. BlueCrest North America and Blue Mountain are committed to establishing leadership through investments in and development of a distinctive analytics and technology platform.

Suite’s Analytic, Pricing and Portfolio Management tools are derived from best-of-breed derivatives software created at JPMorgan and Cygnifi. Suite sells and enhances the tools to benefit their banking and hedge-fund clients. The comprehensive analytic library (Alib) now includes support for credit derivatives products. The new analytics are available as excel add-ins and are being integrated with Suite’s Aladdin, the excel pricing and hedging application.

Michael Liberman, formerly a managing director at Goldman Sachs and once responsible for derivatives technology at JPMorgan, is the head of quantitative strategies and CTO for BlueCrest North America. “Suite has desk-proven analytics and we get a say in the evolution of the product, which is vital in a developing market. It’s a mutually beneficial relationship.” says Michael.

Dr. Gene Schupak, Partner and head of quantitative research at Suite, began work on the new credit models last year. Gene says, “We welcome the influence Michael and his team will have on the credit products due to their market sophistication and familiarity with software development. We look forward to their input.”

For more information, please contact Suite LLC.