The acquisition of Aquin, as an established provider of middle and back office solutions with a strong presence in Europe, will allow Princeton Financial to significantly expand and accelerate their leadership and product offerings to the global marketplace. Princeton Financials' strong back office PAM accounting product will complement Aquin's investment compliance, order management, fund warehouse, reporting, and NAV reconciliation offerings. The combined offerings will allow the group to better compete in marketplace by providing a broader offering with reduced integration risk while allowing each firm to retain its products as well as its place in the marketplace as best of breed provider.

Commenting on the acquisition, James C. Russo, Princeton Financial's President and Chief Executive Officer said, «Princeton Financial and Aquin together can provide institutional investors with a complete solution. Both companies have solid reputations as quality service providers to our respective customers. That dedication, coupled with an expanded portfolio of services, will provide our customers with many benefits. We are confident that this acquisition will enhance our overall offering and service to our existing and future customers.»

Götz Bernhardi, Aquin's Chief Executive Officer said, «Princeton Financial's established track record of providing world class products through a strong distribution system will allow us to grow our business globally more effectively than ever. Our companies' combined products significantly increase the breadth of our product offering and our visibility in the marketplace.»

Completion of the transaction is subject to certain condition, including approvals by regulatory authorities, and other customary closing condition.

The transaction is expected to close at the beginning of the fourth quarter of 2008. Financial terms of the transaction were not disclosed.

Princeton Financial is being advised in the deal by Goldenhill Technology Advisors.