Coral8 Named as 2008 Innovator of the Year by Windows in Financial Services Magazine

CEP Provider Recognized for Innovations in Leveraging and Customizing Advanced Technologies for the Securities Industry

MOUNTAIN VIEW, Calif., June 12, 2008 -- Windows in Financial Services (WSF) magazine names Coral8, the leading provider of Complex Event Processing (CEP) software, as 2008 Innovator of the Year. The award was presented last night at the Microsoft’s customer and partner reception held at the Securities Industry and Financial Management Association (SIFMA) Technology Management Conference.   Four companies, including Coral8, were honored for their innovative use of Microsoft technology to solve practical business problems, from maximizing productivity to streamlining operations, in today’s highly charged and competitive capital markets industry.

Coral8 software provides a scalable real-time processing engine as part of Microsoft’s capital markets trading solutions around algorithmic trading, market data analytics and trade compliance. The two companies recently published a white paper explaining the benefits of Coral8 CEP software integrated on a .NET/Windows platform stack.  Available soon after SIFMA, you can learn more about Microsoft and Coral8’s high volume, low-latency solution for financial trading applications at the Architecture Industry Center for Capital Markets on the Microsoft Developer Network site.

“The combination of Coral8 Engine on the Microsoft software platform helps ensure high-performance and easy integration that capital markets customers have come to expect,” said Craig Saint-Amour, U.S. capital markets industry director, Microsoft Corp. Coral8 integrated with Microsoft’s software platform in June 2007 to enable rapid implementation of high-throughput, low-latency applications.

“Coral8 was a clear choice for the 2008 WFS Innovator Award because of their demonstrated leadership in providing solutions that deliver results,” said Windows in Financial Services publisher Joe Viviani. “We evaluated companies of all sizes and the companies selected delivered ground-breaking applications and platforms that better serve the securities industry.”

The Windows in Financial Services Innovator Awards is in its third year and recognizes firms that have harnessed the flexibility, scalability and reliability of Microsoft technology to remove obstacles to progress and create new opportunities. Windows in Financial Services provides real-world case studies showing how firms are implementing new solutions built on the Microsoft platform.

"We enjoy working with Microsoft on capital markets solutions because Microsoft represents similar values as Coral8 – a dedication to developers and powerful, easy to implement software,” said Terry Cunningham, CEO of Coral8, Inc. “We are also honored to be recognized by Windows in Financial Services, as such an award validates our commitment to innovation and best-of-breed solutions.”

For more information, visit www.coral8.com or call (650) 210-3810.

About Coral8

Based in Mountain View, Calif., Coral8, Inc. is a leading provider of software for Complex Event Processing (CEP). Bringing together high-performance, innovative SQL-based programming language and enterprise-class features, Coral8 Engine is the fastest, lowest cost way to build and deploy powerful, sophisticated CEP applications. Coral8 is speeding the delivery of critical business information for customers worldwide, including Fortune 500 companies and global leaders within financial services, e-commerce, telecommunications, transportation, government and other rapidly growing vertical applications.

Media Contact

Katy Garlinghouse Schwartz Communications (415) 512-0770 coral8@schwartz-pr.com

Anna Luo, Director of Marketing Coral8, Inc. (650) 210-3819 anna@coral8.com