IT&e signs partnership agreement with finius GmbH

26 May 2006

As part of its expansion into Europe, IT&e Limited (“ASX code:“ITE”) announced today that it has signed a partnership agreement with finius GmbH. finius is a leading German financial consulting and integration company that provides specialized risk management expertise to leading banks across Germany. As a result of the agreement, finius will now market IT&e’s award-winning Enterprise Risk Management system RAZOR to the German banking industry. finius will also work with IT&e to provide implementation, integration and support to RAZOR clients in Germany.

Jim Maranis, CEO of IT&e said: “We are very excited about this partnership. 2005 was a significant year for IT&e, with the establishment of our European HQ in London and the successful implementation of RAZOR in major banks such as ANZ and HSBC. This partnership strengthens IT&e’s capability to deliver our flagship integrated Risk product, RAZOR, to German banks, which have always been among the most advanced in Europe in their risk management practices.”

This agreement is part of IT&e’s strategic partnership initiative, which is reinforcing IT&e’s ability to sell the RAZOR product throughout the European region. He continued, “This partnership will further consolidate IT&e’s market position as a strategic solutions provider in the Risk space. With new releases of RAZOR, including the launch of our RAZOR Basel II EPE offering, we anticipate
2006 being a landmark year for IT&e.”

Erwin Kaliski, founder and CEO of finius, went onto say: “In the past few years finius has grown as an important institution within the Investment Banking Industry in Germany. Partnerships with the best have helped us to grow; therefore it is a pleasure for us to now have IT&e and their products as a partner, providing one of the best software solutions plus our expertise now in one package
to our clients.”

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