Angoss Software and Meridian-IQ Launch Strategic Partnership

Mutual Fund Companies Grow Their Financial Advisor Channel with Prioritized Leads

TORONTO, Oct. 11, 2011 /PRNewswire/ - Angoss Software Corporation (Angoss) (TSX-V: ANC) and Meridian-IQ Inc. today announced a strategic partnership to bring the latest and most innovative predictive analytics solutions to mutual fund and other companies selling through the financial advisor channel. Angoss' proven predictive analytics solution is combined with Meridian-IQ' industry-leading advisor database to deliver targeted and prioritized financial advisor prospect leads. Companies can now better grow and optimize their channel sales and marketing strategies based on the profiles of their best performing advisors.

The FundGUARD™ predictive analytics solution from Angoss, together with Meridian-IQ's industry-leading advisor database, enables sales and marketing organizations to easily target and access the most relevant, and best performing, groups of financial advisors for their particular business. "Distribution excellence is required to win in today's marketplace. Combining Meridian-IQ's broad, deep market insight and data with the sales intelligence obtained from data mining and predictive analytics within a client's environment enables companies to target those advisors that will be most receptive to their offerings," said Bill Sheldon, Chief Solutions Officer of Angoss Software. "This kind of scientific approach to selling is crucial in today's hypercompetitive market."

The solution has already been implemented at a number of leading mutual fund companies who are looking to grow their market share and assets under management (AUM). These companies are using targeted and prioritized prospect lists to identify new advisors that have -similar characteristics to their current best advisors. The solution is fully automated and integrated with Customer Relationship Management (CRM) systems so that prospect lists are automatically refreshed and delivered to the appropriate stakeholders on demand.

"Our new integrated offering is a tremendous asset to those companies selling to and through the financial advisor channel," commented Craig Katz, SVP of Institutional Sales at Meridian-IQ. "Together, we help these firms be more strategic and effective with their client relationships and channel prospecting efforts."

Companies can now more effectively and strategically grow and optimize their financial advisor channel for AUM growth in the highly competitive mutual fund distribution industry.

About Angoss Software Corporation
Angoss is a global leader in delivering predictive analytics to businesses looking to improve performance across sales, marketing and risk. With a suite of desktop, client-server and in-database software products and Software-as-a-Service solutions, Angoss delivers powerful approaches to turn information into actionable business decisions and competitive advantage. Angoss software products and solutions are user-friendly and agile, making predictive analytics accessible and easy to use. Many of the world's leading financial services, insurance, retail, health care and information communication and technology organizations use Angoss predictive analytics software products and solutions to grow revenue, increase sales productivity and improve marketing effectiveness while reducing risk and cost. Headquartered in Toronto, Canada, Angoss has offices in the United States and United Kingdom. For more information, visit www.angoss.com.

About Meridian-IQ Inc.
Meridian-IQ is the premier tool for marketing, selling and understanding the Advisor marketplace. It is a next generation sales and marketing workflow engine incorporating the deepest and most accurate advisor database, time management tools and business planning software. Meridian-IQ launched in March 2010 by industry experts who have spent over two decades marketing to, selling to and analyzing Financial Advisors. The executive team recognized that there was a need to create solutions that combine the best-in-class database of Advisors with applications that make it easier to identify and work with the Advisor community. Meridian-IQ believes in constant innovation, industry leadership and intently listening to clients. The company is based in Clifton, New Jersey. For more information, visit www.meridian-iq.com.

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: the risk that the sale of our products and services involves a long sales cycle; the risk that the economic environment and business conditions will remain difficult to predict; the risk of competition in our target markets; the risk that we may not respond adequately to evolving technologies; the risk that we or our customers may have difficulties in introducing our products or services; the risk that we will encounter difficulties in continuing to offer services; the risk that we will encounter difficulties in integrating the operations of acquired companies with our own; the risks of conducting our operations in a variety of international locations; the risk that we may need to record future write-downs of assets arising from our investments in other companies; the risks relating to the costs that we may incur as a result of litigation against us; and other risks described in our filings with securities regulatory authorities, including our annual reports, interim financial statements and similar disclosure documents. ANGOSS Software does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law.

Note: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE ANGOSS Software Corporation