Goldenberg Hehmeyer LLP extends partnership with Orc for ETF market making

Goldenberg Hehmeyer LLP extends partnership with Orc for ETF market
making

Stockholm and London, March 15, 2011 - Orc Software (SSE: ORC), the
leading provider of technology and services for the global financial
industry, today announced a renewed multi-year agreement with Goldenberg
Hehmeyer LLP. GH LLP will extend its use of an Orc solution to support
its Exchange-Traded Funds (ETF) market making operations. The order was
booked in Q1, 2011.

As part of the agreement, GH LLP will also continue to work closely with
Orc for developing and refining its tailored market making solution,
based on the Orc Liquidator engine. The solution provides extensive
market access, which currently includes CME, EUREX, XETRA, MTA, LSE,
NYSE ARCA, EURONEXT and SWX.

“Based on our experience, Orc continues to excel producing market
leading technology which is both proven and adaptable as our needs
evolve,” said Ralph Goldenberg, Chairman & CEO, Goldenberg Hehmeyer LLP.
“Entering a long term partnership with Orc, where our specific
requirements provide input to technology development, will help us
remain ahead of competition in our markets.”

“Renewing and extending our partnership with Goldenberg Hehmeyer LLP is
a strategically significant event for Orc,” said Lee Griggs, President
EMEA, Orc Software. “GH LLP is an industry leading and demanding user of
our market making solutions, and their continued trust in our ever
evolving technology and services testifies to Orc's commitment to
advanced trading firms.”

About Orc Software's revenue model

Standard agreements follow Orc's licensing subscription model, a
flexible approach designed to streamline the customer on boarding
process and provide ease of access to software updates, together with a
mature support framework. Customers are invoiced quarterly, in advance,
and revenue allocated to the invoicing period.

About GH LLP

Goldenberg Hehmeyer LLP is a proprietary trading firm. The firm trades
across different asset classes, including cash equities, commodities,
exchange traded funds, fixed income and equity derivatives.

About Orc

Orc is a leading provider of technology and services for the global
financial industry. Orc delivers trading and market access solutions
used by proprietary trading and market making firms, investment banks,
hedge funds and brokerage houses worldwide.

Available as deployed software or as managed services, Orc develops and
provides the tools needed for running a profitable trading or brokerage
business in today's competitive and ever-changing markets.

With market presence in all major global financial centers, Orc provides
sales and support services from its offices across EMEA, the Americas
and the Asia-Pacific regions. Orc Software is listed on NASDAQ OMX
Stockholm (SSE: ORC).
www.orcsoftware.com

For further information, please contact:

Lee Griggs, President EMEA, Tel. +44 797 985 6162
Christine Blinke, VP of Marketing and Investor Relations, Tel. +46 739
01 02 01