ARMANTA ADDS MICHAEL ARMELLINO TO BOARD

Joins Google Chief Technology Advocate on Board

Morristown, NJ --- April 14, 2009 – Michael R. Armellino, a veteran financial industry executive, has been nominated to serve on the board of directors of Armanta, Inc., according to an announcement today by Peter J. Chirlian, chief executive officer.

Armellino is a retired partner of the Goldman Sachs Group, LP. He spent 25  years with the company, and was serving as chief executive officer of Goldman’s asset management division at his retirement.  Early in his career, he made a name for himself as a senior transportation analyst and served in various other capacities, including partner in charge of research.

“Michael’s intimate understanding of the issues and opportunities inherent in the financial sector today make him a valuable addition to Armanta’s Board,” Chirlian said. “We hope to mine his 25 years of service to help clients better understand the competitive advantages Armanta’s suite of products brings to the financial services marketplace, “  he added.

In addition to the in-house members of the Armanta board, Armellino joins Michael Jones, Google’s chief technology advocate, as an external director.

A native of New Jersey, Armellino received his bachelor of science degree in economics from the Wharton School, University of Pennsylvania, and an MBA from New York University’s Stern School of Business. He is a chartered financial analyst.

Armellino serves on the board of Canadian National Railway, where he chairs the strategic planning committee. He also is a board member of Hackensack University Medical Center Foundation, and on the board of trustees of the Peddie School, Hightstown, N.J.  He is actively involved as a senior advisor to the Bergen Volunteer Medical Initiative, whose mission is to provide healthcare services to those without insurance coverage.

About Armanta, Inc.
Armanta is the premier provider of a new generation of business intelligence software that allows some of the world’s leading financial institutions to produce complex, large-scale and highly customized applications with a precision and speed of development that has been previously unobtainable. The Armanta suite consists of flexible, scalable and fully integrated components that allow customers to quickly leverage valuable data throughout the institution to make critical business decisions and automate core business processes.  Founded in 2001, Armanta is headquartered in Morristown, N.J. Complete information about the company and its products is available at www.armanta.com.

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