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DataSynapse Expands Team In New Round of Executive Appointments

New Hires Include VP Sales, VP Integration, VP Product Marketing and Engineering

NEW YORK – March 26, 2002 – DataSynapse, Inc. a leader in high performance distributed applications management and winner of Risk Magazine’s "2002 Software Product of the Year", today announced the hires of Rick Moran and Finn Christensen as Vice Presidents of Sales and Business Development, Juan Lando as Vice President of Integration Services, Jonathan Amsterdam as Senior Consulting Engineer and David Markowitz as Vice President of Product Marketing. On the heels of Frank Cicio’s appointment as DataSynapse’s new COO, the company has hired these seasoned executives in response to its rapid client growth.

Prior to joining DataSynapse’s sales effort, Rick Moran was Founder and CEO of Redpoint Software Inc, a leading supplier of Enterprise Risk Management applications subsequently acquired by BARRA. Before founding Redpoint, Moran held senior management positions with Stratus Computer and Isis Distributed Systems. Finn Christensen brings a similar degree of industry experience to the team. Christensen previously held positions as the Managing Director of Asia Pacific for MKIRisk, as well as Head of Client Services globally for the risk management division of the Misys Group. Christensen also served as a Principal and Director of Risk Management and Derivatives Trading Systems at Fusion Systems Group, Inc. in New York.

The integration services team is bolstered by the addition of Juan Lando and Jonathan Amsterdam. Lando has 17 years of financial technology experience specializing in the design and implementation of market and credit risk management solutions, financial analytics, global project management, and process re-engineering. Prior to joining DataSynapse, Lando was a Senior Manager in the Financial Services Industry practice at Andersen’s Business Consulting division. Before Andersen, he was the co-founder and CEO of RiskAnalytics, a leading derivatives and risk management software firm subsequently acquired by CapitalObjects. Jonathan Amsterdam, PhD, brings a similar entrepreneurial background to the team with more than 20 years experience in developing high-performance, mission-critical business applications. Prior to joining DataSynapse, Amsterdam was founder and president of Astrel, Inc., a Java training and consulting firm whose clients included many of the Fortune 50. He has also served in the fixed-income analytics group at Lehman Brothers.

Additionally, David Markowitz has been added to help crystallize the company’s product positioning for targeted industries and oversee the marketing of the DataSynapse product lines. Prior to joining DataSynapse, David was a Vice President at Caminus Corp., a leading provider of energy trading, risk management and scheduling systems where he served in numerous functional areas including software operations, product management, sales, business development, project management and key account management. David was a key member of the management team leading the growth of the company through its successful IPO.

"We have been very fortunate to find highly qualified individuals with the domain expertise, problem-solving skills and client dedication needed to take this company to the next level," states Peter Lee, CEO of DataSynapse, "They are excited to work with clients to enhance our products and apply our proprietary technology solution to clients’ most critical business problems."