XRT STRENGTHENS INTERNATIONAL SALES AND MANAGEMENT TEAM WITH APPOINTMENTS IN SOUTH AMERICA AND EUROPE

December 7 2004: XRT, the leading provider of FVCM (Financial Value Chain Management) solutions, continues to strengthen the team charged with expanding the company’s global presence with a number of senior international appointments.

The company strengthens it’s South American presence with the appointment of Thierry Giraud as country manager for Brazil. A qualified engineer who is fluent in four languages, Giraud comes to XRT with an impressive background in high-level international sales and account management.

He brings an in-depth knowledge of the Brazilian market to his new role, having previously been based in Sao Paulo as a senior sales director for Aldata Latin America. Prior to that, Giraud spent two years at Aldata’s Paris office where he managed a number of regions outside Europe including Indonesia and South America. While with Aldata, his customers included Tesco, Carrefour and St Gobain.

One of Giraud’s priority tasks will be to boost XRT’s business momentum in Brazil, a region that is now showing strong economic growth after several years of difficulty.

In Europe, XRT is expanding the availability of its products and services to Austria, Eastern Europe and Switzerland. The company has appointed two new sales managers to oversee business development in these regions and consolidate its presence in Southern Germany.

Gary Thomas has responsibility for Bavaria, Austria and the Eastern European countries. Thomas combines knowledge of technology and the finance industry in these areas with extensive personal experience of working in-house at an international German bank.

He joins XRT from SimCorp in London where he has spent the last 3 years in investment management sales. Prior to SimCorp, Thomas held several positions with SunGard over a 9-year period that saw him working out of London and Frankfurt. His various roles included management, sales and customer services roles. He joined SunGard following several years’ working in project management for the Bayerische Vereinsbank (now HypoVereinsbank) in Munich.

Flora Dupont joins the team to oversee sales in Switzerland and Southern Germany, including the Baden-Württemberg region. Dupont has over a decade’s experience in the European financial software industry working predominantly in sales and implementation management.

Dupont began her career as marketing specialist in Milan as a European consultant for Cerg Finance before taking on senior sales responsibilities at Computer Associates and, latterly, Reuters in Paris, Zurich and Geneva.

"I am pleased to welcome these three very exceptional people to XRT. Their track records prove that they all combine truly international outlooks with a deep understanding of the financial software industry within each of the country markets they’ve been brought on to develop. This is good news for XRT’s customers as it ensures they’ll continue to benefit from first class support and services that answer their immediate needs. It’s also good news for XRT’s business development as they will all be instrumental in turning our healthy prospect list into customers!" commented Bruno Joseph, managing director, XRT.

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