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Jonas Joins OpenLink, Boosting Financial Markets Initiative

London, October 11, 2001: OpenLink International, an industry leader in financial and energy trading and risk management software solutions, has appointed Lloyd Jonas as Sales Manager, to take the company further forward into the financial services marketplace.

Jonas comes from an extensive banking and technology background, having spent seven years as Sales Manager at Summit Financial Systems, renamed Tamesis in 1998, where he was also one of the founding members. There he helped to bring two products to the UK market, initially the Summit System trading, STP and risk management software, and more recently Tamesis’ next generation Java trading support platform.

Jonas says that he was excited by the breadth and depth of products that OpenLink’s solutions cover, from treasury instruments to energy commodities.

"OpenLink’s potential for growth, plus the breadth of the instrument coverage under one risk management umbrella, were the deciding factors in my joining them," says Jonas. "The range of instruments covered along with the operational risk solutions makes OpenLink’s positioning in the industry quite exciting."

OpenLink International Managing Director Jean-Claude Riss said "We are committed to the growth of our financial services client base and are therefore delighted to have Lloyd on board. His experience and his understanding of what end users want from their trading and risk management solution will be invaluable in helping us achieve a greater share of the financial market."

Prior to Tamesis, Jonas spent two years at SunGard as sales manager for Devon Systems trading and processing solution for a wide spectrum of derivatives and related hedge instruments. Jonas went to SunGard from the banking world of Republic National Bank where he was a Eurobond trader. Before Republic National Bank, Jonas was a sales executive and support consultant at Softbridge, dealing with swaps and bond systems.

Jonas’ mission is to dramatically increase OpenLink’s position in the financial services markets and he believes that there is considerable demand for the Findur solution among the medium-sized banks in Europe. "Many of these banks are more immune to the economic slowdown worldwide than their tier one counterparts and", Jonas believes, "are looking for a solution that provides functional depth across a range of asset classes."