New vertical search engine provides financial professionals with customized access to valuable hedge fund content

Vienna, Va., June 11, 2007 — Institutional Investor, a leading financial international business to business publisher, today publicly launched the beta version of a new vertical search engine for the hedge fund industry. The search engine is powered by Convera Corporation (NASDAQ: CNVR) – www.convera.com – a leading provider of vertical search services for publishers.

Residing on Institutional Investor’s Web site – www.institutionalinvestor.com – as well as its own URL – www.searchhedgefunds.com – the customized search engine allows professionals in the hedge fund industry to search deeply into highly relevant Web sites selected by hedge fund experts. The search engine is designed to return highly relevant results for traders and investors who need timely and targeted access to rankings, news and research.

“Institutional Investor has long been a trusted source of information for the financial community,” said Patrick Condo, Convera’s president and chief executive officer. “A vertical search engine focused on the complex and dynamic hedge fund industry will deliver important content for one of Institutional Investor’s key professional communities. The new search engine is a natural extension of Institutional Investor’s current product range and provides an extremely useful tool for anyone working in or dealing with the hedge fund industry.”

Institutional Investor publishes market leading products in the hedge fund sector including Alpha magazine, Hedge Fund Daily (the world’s largest circulation email for hedge fund managers, traders and investors) and Alternative Investment News, and organizes premier conferences and events for the hedge fund community.

About Convera®

Convera is a leading provider of vertical search services for publishers. Based on a semantic index of the Web, Convera enables publishers to generate additional revenue by creating customized search applications for specialist audiences under their own brand. Many of the world’s largest publishers rely on Convera vertical search services to accelerate their e-publishing strategies, meet growing monetization goals and build loyal online professional communities. Convera is headquartered in Vienna, Va. with major offices in Carlsbad, Ca. and Bracknell, UK. Convera is listed on NASDAQ under the ticker symbol CNVR.

About Institutional Investor

Institutional Investor is a leading international business to business publisher, focused primarily on international finance. It publishes magazines, newsletters and journals as well as research, directories, books and maps. It also runs conferences, seminars and training courses and is a provider of electronic business information through its capital market databases and emerging markets information service.

Published on: 12:00AM on 11th June 2007