Austin - July 24, 2000 - SciComp Inc. today announced the release of SciXL™, a Microsoft® Excel add-in generator for SciFinance™, the company’s flagship product. SciFinance uses software synthesis technology to enable financial analysts to quickly build complex option pricing models without manual programming. Now SciXL provides an easy-to-use tool for integrating SciFinance pricing code into Microsoft Excel. SciXL automatically builds Excel add-in programs and custom spreadsheets for the pricing models, allowing programmers and analysts to concentrate on their core skills.

"Just as SciFinance enables you to produce custom pricing codes without programming," said Elaine Kant, president of SciComp, "SciXL automatically integrates SciFinance-produced pricing models into your Microsoft Excel spreadsheets." Quantitative analysts, traders and IT integrators can all benefit from having models in a familiar spreadsheet interface. Users can change input values and get updated output values instantly—no knowledge of C code is required to run new numbers.

SciComp Inc. co-developed SciXL with Planatech Solutions Ltd., a London-based software development and consulting company. "Working with SciComp to automate the integration of SciFinance code into Excel was a good fit, since we specialize in tools that interface between different languages and technologies," said Bruce Belson, Managing Director of Planatech Solutions. "SciXL is a breakthrough, since it builds the add-in for you, and creates and maintains all the code that links the add-in programs to Excel. In addition, add-ins written in C++ perform much faster and are more stable than those written in Visual Basic."

SciXL is available in developer and user versions. The developer version requires SciFinance, Microsoft Visual C++®, Microsoft Excel, and a developer license for SciXL. The user version requires Microsoft Excel and a run-time license for SciXL.
SciXL is supported on Microsoft Windows®. Site licenses are available.

About SciComp, Inc.

As the recognized leader in software synthesis, SciComp provides automated pricing technology to the financial services industry. SciComp’s products are used by some of the world’s largest investment banks to decrease the turnaround time for derivative model development. Visit www.scicomp.com or call 512-451-1050 for more information.

About Planatech Solutions Ltd.

Planatech provides software development and consulting for the financial services industry. Planatech's products are used by global financial institutions to manage stable technical solutions to complex trade support problems. Visit www.as-ltd.co.uk or send mail to sales@as-ltd.co.uk for more information.

###