CITIC PE Signs With eFront to Get Quality IT Solutions to Support its Front-office Operations

BEIJING, March 22, 2011 - eFront, the leading European software provider of financial
solutions for alternative assets, is pleased to announce that CITIC Private
Equity Funds Management Co., Ltd. ("CITIC PE") has selected the FrontInvest
platform to support its investment operations.

CITIC PE, a leading Chinese private equity fund manager, is
the strategic private equity investment platform of CITIC Securities, one of
the top Chinese investment banks, and CITIC Group, the largest financial and
industrial conglomerate in China. CITIC PE currently manages over $2 billion
in assets and seeks to achieve good performance through active investment
strategies, closing the gap between business and capital.

CITIC PE decided to select FrontInvest for its front-office
features that empower front-office end-users to gain autonomy of the
solution, including the ability to custom-design adjustments for their
constantly evolving needs.

"CITIC PE is aiming to close a significant number of deals,"
commented Mr. Yibing Wu, President of CITIC PE. "Our investment teams want to
make sure they are managing their PE investment activities with
industry-leading IT solutions that comply with the quality standards in its
field."

Tarek Chouman, Managing Director Asia-Pacific at eFront,
added: "eFront demonstrated to CITIC PE a long-term vision and strategy on a
global basis and will also provide scalability and efficiency through a local
delivery model. CITIC PE needed a provider with a Chinese presence for
implementation services and support. This new additional client in China
underlines our continued support to the PE industry in China and eFront's
position as the leading software provider".

About CITIC PE

As the strategic private equity investment platform of CITIC
Securities and CITIC Group, CITIC Private Equity Funds Management Co., Ltd.
("CITIC PE") was established in June 2008 with the official approval of the
National Development and Reform Commission. Based in China, CITIC PE strives
to become a world class private equity firm. CITIC PE seeks to achieve good
performance through in-depth analysis, clear investment strategies, solid
execution capabilities, efficient operation management, professional
value-added services and creating and increasing value for its investee
companies, as well as achieving win-win results for its business partners.

www.citicpe.com

About eFront

eFront is a leading software provider of solutions dedicated
to the financial industry with a recognised expertise in alternative
investments and risk management. eFront's solutions serve over 240 customers
in more than 30 countries, including major companies in the private equity,
real estate investment, banking and insurance sectors. Founded in 1999,
eFront has offices in London, Paris (HQ), New York, Montreal, Dubai, Hong
Kong, Bonn and Jersey. eFront is a public company listed on NYSE Euronext.

www.efront.com

Paris +33-1-49-96-40-60, New York +1-212-220-0660, Montreal +1-514-248-3787, London +44-207-420-06-40, Dubai +971-4-437-0740, Hong Kong +852-2297-2856, Bonn +49-228-323-04.0, Jersey +44-153-461-09-69, e: info at efront.com