BOSTON, March 7 /PRNewswire/ -- Eagle Investment Systems Corp. today announced that U.S. Bancorp Fund Services, LLC (USBFS), a full service provider of mutual fund and alternative investment product services, has licensed Eagle's solutions to enhance its fund administration platform. USBFS offers mutual fund clients a broad range of administration services, including financial reporting, compliance, board reporting, SEC filings, tax reporting, performance reporting, and financial analysis.

USBFS selected Eagle for its scalable platform, robust reporting, and information delivery capabilities, following an extensive search. Using Eagle PACE(TM) and Eagle Portal will provide USBFS with flexible and interactive reporting that offers clients data access via the Web. USBFS also selected Eagle Reference Manager to provide securities data validation and exception workflow.

"USBFS is implementing Eagle's solutions to provide world class customer service on a proven platform," said Joe Neuberger, senior vice president and manager of USBFS fund administration and alternative investment services departments. "By investing in new technology and improving delivery, we have a new competitive edge. Our strength is a direct result of our dedication to meet client needs promptly and provide the level of detail they require."

"More and more financial firms like USBFS are leveraging the power of Eagle's data-centric platform to enhance their client services capabilities," said David Palten, Eagle president and CEO. "By implementing leading-edge technology at USBFS, Eagle is positioning USBFS to meet its clients' diverse demands while accommodating continued business growth."

About U.S. Bancorp Fund Services, LLC

Headquartered in Milwaukee since 1969, U.S. Bancorp Fund Services, LLC currently provides services to more than 240 fund families, with over 900 portfolios and 1,300 fund classes and administers 2.6 million shareholder accounts with $204 billion in client assets. U.S. Bancorp Fund Services' clients include mutual funds, investment partnerships, hedge funds, separately managed accounts, fund-of-funds, and offshore funds. It is a subsidiary of U.S. Bancorp, the 6th largest financial services holding company in the United States with assets of $195 billion. Visit U.S. Bancorp Fund Services at usbfs.com.

About Eagle Investment Systems
Eagle, a Mellon Financial Company(SM), is a global provider of financial services technology. Eagle's Web-based systems automate internal systems to support STP requirements of money managers, mutual funds, hedge funds, brokers, plan sponsors, banks, corporate trusts, and insurance companies. Eagle provides solutions for portfolio management, investment accounting, performance measurement, attribution, AIMR/GIPS compliance, reporting, messaging, reference data management, and outsourcing. To learn more about Eagle's solutions, contact us at 1.800.810.3819 or sales@eagleinvsys.com or visit www.eagleinvsys.com.

About Mellon Financial Corporation
Mellon Financial Corporation (NYSE:MEL) is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources and investor solutions and treasury services. Mellon has more than $4.0 trillion in assets under management, administration or custody, including $707 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at www.mellon.com.

Source: Eagle Investment Systems Corp. CONTACT: Kendra Lombardo, +1-617-219-0448, or fax, +1-617-558-1544, or klombardo@eagleinvsys.com, or Laura Norwood, +1-617-219-0198, or fax, +1-617-558-1544, or lnorwood@eagleinvsys.com, both of Eagle Investment Systems Corp. Web site: http://www.eagleinvsys.com/