The Rowan Group and Pyxis Partnership

BOSTON, MA - May 31, 2001 - Pyxis Consulting, a premier provider of eBusiness solutions for the Financial Services industry and The Rowan Group, a leading business consultancy focused on Investment Management firms, have established a partnership to provide specialized Straight Through Processing (STP) consulting services to buy-side Asset Managers. By aligning their service offerings, Rowan and Pyxis are able to assist buy-side firms with the operational and technical challenges involved with implementing straight-through processing capabilities and creating a T+1 ready environment.

Combining The Rowan Group's Investment Management focused consulting experience with Pyxis' system development and delivery expertise, project teams will assist Asset Managers with their quest for STP. The two companies are uniquely positioned to assist buy-side clients with the definition and delivery of tactical and strategic STP solutions.

"The ongoing quest for STP, which is a key enabler for T+1 processing, requires that Asset Managers rethink and reengineer their internal processes and technical architecture. The Rowan Group brings proven expertise and experience in this solution area," said Shane Hughes, President of Pyxis Consulting. "By leveraging our combined strengths, we can provide the planning, development and integration services required to optimize our clients' internal straight-through processing capabilities."

"We set out to find a clear leader in IT solutions for our vertical focus," said Daniel Houlihan, Managing Director of The Rowan Group. "Pyxis Consulting repeatedly delivers successful eBusiness solutions to Financial Services companies throughout the Northeast. This partnership represents the creation of a complete solution for improving our clients' straight-through processing capabilities."

About Pyxis
Pyxis Consulting is a provider of technology consulting solutions to the Financial Services industry, specializing in the design, development, and delivery of complex eBusiness and client/server systems. Pyxis focuses on the Financial Services industry - Insurance, Banking, Asset Management, Mutual Funds, and other related business sectors. Their clients include numerous Financial Services firms from the Fortune 250. Pyxis Consulting, Inc corporate headquarters is located in Wellesley, MA. For more information on Pyxis Consulting please call (781) 997-0300, or visit their website at www.pyxisIT.com.

About The Rowan Group
The Rowan Group is a consulting firm specializing in strategic planning and implementation services for the global asset management community. The Rowan Group combines analysis, planning and project management methodologies with expert knowledge of asset management business models, processes and technology. The result is a customized suite of services designed to ensure effective execution of business strategies and operating efficiency.

The Rowan Group corporate headquarters are located in Boston, MA. For more information on The Rowan Group please call (617) 720-6143 or visit their website at www.rowanconsulting.com.

CONTACT:
The Rowan Group, Inc.
Daniel P. Houlihan
Managing Director
(617) 720-6143
dhoulihan@rowanconsulting.com
www.rowanconsulting.com

Pyxis Consulting, Inc.
Christopher P Willis
Director, Business Development
(781) 997-0305
cwillis@pyxisIT.com
www.pyxisIT.com


	The Rowan Group and Pyxis Consulting partner to provide STP strategy and eBusiness solutions to asset management firms.

	BOSTON, MA - May 31, 2001 - Pyxis Consulting, a premier provider of eBusiness solutions for the Financial Services industry and The Rowan Group, a leading business consultancy focused on Investment Management firms, have established a partnership to provide specialized Straight Through Processing (STP) consulting services to buy-side Asset Managers. By aligning their service offerings, Rowan and Pyxis are able to assist buy-side firms with the operational and technical challenges involved with implementing straight-through processing capabilities and creating a T+1 ready environment. Combining The Rowan Group's Investment Management focused consulting experience with Pyxis' system development and delivery expertise, project teams will assist Asset Managers with their quest for STP. The two companies are uniquely positioned to assist buy-side clients with the definition and delivery of tactical and strategic STP solutions. "The ongoing quest for STP, which is a key enabler for T+1 processing, requires that Asset Managers rethink and reengineer their internal processes and technical architecture. The Rowan Group brings proven expertise and experience in this solution area," said Shane Hughes, President of Pyxis Consulting. "By leveraging our combined strengths, we can provide the planning, development and integration services required to optimize our clients' internal straight-through processing capabilities." "We set out to find a clear leader in IT solutions for our vertical focus," said Daniel Houlihan, Managing Director of The Rowan Group. "Pyxis Consulting repeatedly delivers successful eBusiness solutions to Financial Services companies throughout the Northeast. This partnership represents the creation of a complete solution for improving our clients' straight-through processing capabilities." About Pyxis Pyxis Consulting is a provider of technology consulting solutions to the Financial Services industry, specializing in the design, development, and delivery of complex eBusiness and client/server systems. Pyxis focuses on the Financial Services industry - Insurance, Banking, Asset Management, Mutual Funds, and other related business sectors. Their clients include numerous Financial Services firms from the Fortune 250. Pyxis Consulting, Inc corporate headquarters is located in Wellesley, MA. For more information on Pyxis Consulting please call (781) 997-0300, or visit their website at www.pyxisIT.com. About The Rowan Group The Rowan Group is a consulting firm specializing in strategic planning and implementation services for the global asset management community. The Rowan Group combines analysis, planning and project management methodologies with expert knowledge of asset management business models, processes and technology. The result is a customized suite of services designed to ensure effective execution of business strategies and operating efficiency. The Rowan Group corporate headquarters are located in Boston, MA. For more information on The Rowan Group please call (617) 720-6143 or visit their website at www.rowanconsulting.com. CONTACT: The Rowan Group, Inc. Daniel P. Houlihan Managing Director (617) 720-6143 dhoulihan@rowanconsulting.com www.rowanconsulting.com Pyxis Consulting, Inc. Christopher P Willis Director, Business Development (781) 997-0305 cwillis@pyxisIT.com www.pyxisIT.com