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Archway Receives Recognition for Indianapolis Job Creation Plans

(December 21, 2011)

INDIANAPOLIS, IN -- (Marketwire) -- 12/21/11 -- Archway receives recognition today from Indiana Governor Mitch Daniels and Indianapolis Mayor Greg Ballard for its commitment to invest in Indianapolis, creating 140 new jobs over the next four years.

"We have been fortunate to find a significant pool of talent from which to build our team, and we greatly value the Central Indiana business community," said Jason Brown, President and CEO of Archway. "In addition, we aspire to build a great partnership with both the city of Indianapolis and state of Indiana. We are excited to make a long term commitment to growth in the state."

As an incentive to continue growth in Indianapolis, Archway was offered up to $2.4 million in performance-based tax credits, which Archway will be able to collect after workers are hired. Archway was also offered $100,000 in training grants by the City of Indianapolis at the request of Marion County's local economic development organization, Develop Indy, based on its job creation plan.

Archway plans to invest $1.7 million in its headquarters located at Keystone at the Crossing to support the additional 140 jobs to be created by 2015, doubling its existing headquarters. To meet this goal, Archway increased its staffing by 40% in 2011 and has already begun hiring for 2012 in all departments including Design & Development, Professional Services and Sales & Marketing. Archway is also in the process of moving into new office space at Keystone at the Crossing to meet the needs of its growing staff.

This announcement is one of many by the City of Indianapolis and Develop Indy, which year-to-date has added more than 5,300 new job commitments and nearly $600 million in capital to Indianapolis. Job commitments include high paying, high tech industries such as advanced manufacturing, information technology, life sciences and logistics and distribution.

About Archway
Archway, a software company, supports the financial operations of global Family Offices, Hedge Funds, Investment Advisors, Prime Brokers and Private Banks. Its flagship platform, ATWeb, is a web deployed enterprise solution for the accounting and investment industry. ATWeb integrates a full general ledger (G/L) to support portfolio, fund and partnership accounting with a portfolio management system. Archway's Fund Administration department, Finance & Operations provides an outsourced solution, the foundation for your back office accounting, portfolio management, reconciliation and reporting needs.

Lauren Albert
Marketing Associate
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