WealthEngine Expands into Europe

August 24, 2009

- Leading Prospect Research Firm Opens Office in London

BETHESDA, Maryland and LONDON, August 24 /PRNewswire/ -- WealthEngine, a leading provider of sophisticated prospect research tools and analytics, announced today that it is expanding into Europe with an initial hub in London. The office, located in Covent Garden, will be headed by Vice President of Sales, Justin Reynolds. Mr. Reynolds is a seasoned business professional with more than 10 years experience in business development and consulting primarily to UK and European institutions.

Over the last 18 years, WealthEngine has built a strong reputation in the United States as the leading provider of prospect research tools and services. Clients are able to search across multiple wealth-related databases to identify and target their best donors and prospects, then use a variety of distinctive WealthEngine analytics, including proprietary Propensity to Give (P2G) ratings, to focus their development initiatives and strategically reach those prospects that best meet their gift range. A unique "Circle of Friends" feature also uncovers the philanthropic and business associates of those individuals, helping fundraisers connect to new prospects through existing relationships.

WealthEngine has been serving the UK fundraising community with its wealth screening and its FindWealth Online prospect research product since 2005. About 30 UK-based premier charitable organisations rely on WealthEngine for their donor and prospect research.

"Fundraising is essential to the stability and development of a charity's mission and prospect research is the foundation of fundraising," said Mr. Reynolds. "As a long time leader in prospect research, that puts WealthEngine in an excellent position to help mobilize European fundraisers, especially as they find themselves faced with growing community need."

In addition to comprehensive donor screening services, WealthEngine offers on-demand screening services and web-based research tools that allow organisations to identify wealth and cultivate high-end donor relationships. Through WealthEngine, fundraisers can search across Constellations Philanthropist Profiles, Charity Commission, Charitable Donations, Civil Aviation Authority, Circle of Friends, Dun & Bradstreet, Electoral Commission, Experian, Hemscott Public Company Directors and ZoomInfo.

WealthEngine delivers its data directly to the client organisation and is also integrated into a number of donor management systems. Additionally, WealthEngine works with several fundraising consultancies, including a close relationship with Brakeley.

"For the last five years, our partners at Brakeley have helped us build our business in the European market," said Tony Glowacki, WealthEngine's CEO. "Based on the growth of the market, we are eager to expand our business and serve our growing client base by adding a London-based operation."

About WealthEngine

WealthEngine is a leading provider of sophisticated prospect research and analytics to charitable organisations and institutions of higher education, financial services firms, and other for profit organizations. More than 2000 clients use WealthEngine's products for comprehensive prospect research on individuals, companies and foundations. Headquartered in Bethesda, Md., WealthEngine offers products in both the United States and the United Kingdom. For more information, visit www.wealthengine.com.