Linedata Services hires Michael Rennell as Head of Global Sales

BOSTON – October 14, 2004 – Linedata Services is pleased to announce that Michael Rennell has joined Linedata’s Asset Management division and will be based in Boston. Michael, as Senior Vice President and Head of Global Sales, will have responsibility for developing and executing the global strategic sales initiatives for Linedata Services’ Asset Management division.

Pascal Xatart, managing director and head of Linedata Services Asset Management, said, "It is a tremendous advantage to our company to have Michael’s strong senior management experience and proven track record of increasing revenues and profits. I expect that, under Michael’s direction, Linedata’s current growth momentum will be accelerated both in the U.S. and International business units."

"The opportunity for Linedata Services to claim leadership in key segments of the Financial Services Industry is compelling," highlighted Rennell, "and I look forward to participating in providing the incremental leadership expected of a market leader. It is evident in each employee and throughout the company that there is a deep and ongoing commitment to offer unparalleled service and products to our clients. I am thrilled to be part of the evolution of this company as it strengthens its ability to provide extraordinary solutions and services to the Financial Services market."

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