NEW PORTFOLIO SERVICE AWARDED TO DILIGENT

Diligent, the interactive agency has won the contract to re-design the database services and interface for Library House, the investment networking and research service. This will significantly enhance the services available to private equity investors so that they can track anything 'hot' in the market more easily over time and so that they can receive alerts on items in their sector that come into the market.

(PRWEB) November 29, 2003 --- Diligent, the interactive agency has won the contract to re-design the database services and interface for Library House, the investment networking and research service. This will significantly enhance the services available to private equity investors so that they can track anything 'hot' in the market more easily over time and so that they can receive alerts on items in their sector that come into the market.

Commenting on the project, Nick Harrison, Director of Diligent said:
"With Private Equity fuelling the economy, it is essential that investors have timely access to the Library House database and suite of services. I am delighted that the experience diligent has working with both institutional investors and retail investors is being put to good use for Library House members. What we are putting together equips private equity investors with the same powerful suite of tools institutional investors have. This should enhance their ability to give their limited partners a good return by making the information available easy to obtain."

Doug Richard, Chairman and Founder of Library House commented:
"Library House has a deep and dynamic database of information on all technology and biotech companies. We have been seeking for quite some time to make this research more easily available to our members. Having completed award-winning work for both retail and institutional investors before meant that it was easy for us to choose diligent to help us with this. It should help us make our members that much more successful than others who do not use our services. We are very excited about the opportunities this brings to our customers. It will have a profound effect."

The new service will be available in late January 2004.

-ENDS-

For further information or comment, please contact:

Diligent: Nick Harrison (Director) on 020 7495 8456
Library House:    Mark Littlewood (Director) on 01223 500 550

Notes for editors

Diligent is an interactive agency set up by Web financial services industry veteran Nick Harrison, a co-founder of interactive investor international and former head of user experience at sharepeople [American Express]. Diligent specialises in the design of rich Internet applications, websites and online solutions for the financial services industry.
Nick in particular, has worked on more than 60 financial Services Companies websites and applications over the past 8 years and is renowned for his experience, understanding and ability to create customer-centric services. A recent example of Diligent at work is the online financial spread-betting interface they designed for IG Index Plc. Since launch in early 2003, the proportion of IG business done online jumped from 5% to over 75%. Prior to the firm being acquired in 2001, the services Nick designed for Interactive Investor supplied more than 1 million customers with a variety of products and allowed them to remain by far the largest player in the market.

Library House provides a comprehensive set of resources for its national and international members in the venture capital, private equity and professional services communities. Facilities available to our members include buy side research, a networking hub and a members club with regular events. Library House delivers:

·   Unprecedented insight, investment and networking opportunities with Europes leading innovation-based technology and life science companies

·   A rapidly expanding proprietary database providing detailed research into innovation-based companies.

·   Custom research facilities leveraging our research team with domain expertise across technology and life sciences.

·   A portfolio tracking service enabling efficient monitoring of prospective investment targets over time.

·   A packed events programme where the most interesting innovation-based companies from across the UK and Europe are presented and future trends in technology, life sciences and venture capital are highlighted and discussed.

Library House members number more than 60 institutions, including Amadeus, Apax, Atlas, Cazenove, Draper Fisher Jurvetson, IDG Ventures, Scottish Equity Partners, Siemens Ventures, Sofinnova, UBS and Unilever Ventures. Members manage in excess of 13 bn.