Tamale Software is the pioneer and leading provider of research management solutions (RMS) to the investment community. Morgan Stanley is the industry leading provider of prime brokerage and fund services solutions to the global investment community.

Morgan Stanley will make a strategic investment in Tamale and the two firms will work together to develop a platform that will facilitate and enhance the research and investment decision making process for investment professionals worldwide. Tamale believes that the partnership with Morgan Stanley will significantly enhance Tamale's ability to continue to deliver leading edge research management solutions to the investment industry. Terms of the investment will not be disclosed.

"The idea for this integration with Morgan Stanley was client-driven and enhances our ability to deliver innovative research management solutions. We are excited to be working with Morgan Stanley as an integration partner and an investor," said Mark Rice, CEO of Tamale Software.

Rich Portogallo, Managing Director and Global Head of Equity Financing Services at Morgan Stanley said, "Morgan Stanley is committed to providing our clients with innovative technology solutions for all aspects of the investment process. Through our partnership with Tamale we hope to further enhance the ability of our clients to access and organize the valuable information driving their financial decisions."

"Morgan Stanley Fund Services is a full service hedge fund administrator that prides itself on delivering a superior technology platform. Partnering with Tamale will provide our mutual clients with the ability to integrate their books and records and research all in one place. We are delighted to be working with Mark Rice and his team in delivering these extended capabilities," said Seth Weinstein, Managing Director and Head of Fund Services at Morgan Stanley.