CorpData Acquires OffCom Intellectual Property from AVM New Wave

CorpData Acquires OffCom Intellectual Property from AVM New Wave

Rebrands OffCom Product as CorpData EntityManager™

Jersey City, NJ — February 5, 2010 — CorpData, LLC, a provider of entity management solutions for the corporate formation and registered agent services industry, today announced the acquisition of OffCom software and related intellectual property from AVM New Wave. First deployed globally in 2000, OffCom is an established entity management workflow solution that is used by registered agent service providers and other firms specializing in corporate formation.

The transfer was effected in January, 2010, and work has already commenced to enhance the product, which has been re-branded as CorpData EntityManager™. An enterprise solution, EntityManager is offered in both a premise-based and a hosted model, providing both flexibility and scalability, depending on the needs of the individual client. It is also multi-language capable, essential for companies that conduct business across national borders. The terms of the agreement are private, but CorpData has agreed to support all existing deployments of the OffCom solution.

“We have long recognized the potential of the OffCom platform, and are now in a position to enhance both the platform and the delivery mechanism, making it available to a much wider range of companies both in North America and around the globe,” says Mikhail Vaynshenker, president and chief executive officer for CorpData. “We look forward to bringing the next generation of entity formation workflow management solutions to the market, enabling smaller firms to compete effectively with the principal players in this space.”

Based in Jersey City, NJ, and with technology development centers in Riga, Latvia, and Moscow, Russia, CorpData solutions enable workflow and customer relationship management for small and mid-sized businesses. For more information, visit their website at www.corpdata.com.

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About AVM New Wave

Since 1994, AVM New Wave, Inc. has been a leading provider of intuitive, ready-to-use business process automation solutions targeting the financial services and legal verticals. Their solutions include workflow management; customer relationship management; and private-label payment networks for both traditional payments and micro-payments. Based in New York City, AVM has marketing and technical-support offices in New York, with development centers in Moscow, Russia and Riga, Latvia. For more information, visit their website at www.avm.com.

About CorpData

CorpData, LLC, (www.corpdata.com) is a provider of entity management solutions for the corporate formation and registered agent services industry. Based in Jersey City, NJ, with technology development centers in Riga, Latvia, and Moscow, Russia, CorpData solutions enable workflow and customer relationship management for small and mid-sized businesses. For more information, visit their website at www.corpdata.com.

Note: All designated trademarks used herein are the property of CorpData, LLC. All other marks are trademarks or registered trademarks of their respective owners.

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