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GoldenSource™ expands staff to support growing enterprise data management (EDM) initiatives

TIBCO, Reuters executives to deliver enterprise data management solutions to financial institutions

NEW YORK – February 15, 2005 – GoldenSource™, a global software provider of Enterprise Data Management (EDM) solutions for global financial institutions, today announced the appointments of Peter Leichsenring, VP, Global Channel Sales, and Paul Kennedy, VP, Product Management. These appointments reflect the firm’s commitment to providing data centric solutions aimed at overcoming some of the industry’s biggest challenges in deploying global EDM platforms.

Peter Leichsenring, 43, formerly Director Alliances and Channels Financial Services at TIBCO Software, and Paul Kennedy, 52, previously Head of Content & News, Product Management, Reuters, bring substantial financial services expertise to their newly created positions at GoldenSource.

During his over four-year career at TIBCO Software, Leichsenring was instrumental in establishing a financial services vertical, contributing to a 100 percent increase in license revenue. Previously, Leichsenring was the Sales Director of Key Accounts EMEA at 3Com Corporation, and prior to that he served for seven years as general manager, Central and Eastern Europe, for enterprise networking company

In his role as VP, Channel Sales, GoldenSource, Leichsenring, will launch a newly created, indirect sales channel for developing partner alliances to sell the GoldenSource Enterprise™ product suite, which provides customers with a single source of trusted data, on a real-time, integrated platform. Leichsenring will be responsible for establishing the new "Powered by GoldenSource" alliance partnership program, providing partners with the integrity of a trusted data model for developing a host of offerings used for providing the underlying data for utilities; market data feeds; and other entities. The "Powered by GoldenSource Program" strategy will establish an indirect revenue stream in addition to the existing direct sales force. Leichsenring will establish the global partner program in North America, followed by Europe, Asia Pacific and Japan. He will be based in Germany and will initially work out of the GoldenSource New York and London offices, reporting to CEO Mike Meriton.

Paul Kennedy, VP, Product Management, brings more than 10 years of product management experience to GoldenSource. Kennedy’s seven-year career at Reuters spans various technology and content development roles, most recently, as Head of Content Integration where he was responsible for managing capacity constraints on Reuters Integrated Data Network. Previously, as Head of Content & News, Product Management at Reuters, Kennedy spearheaded various product development projects including data presentation for Reuters information products and ensuring the timely distribution and display of information. Kennedy began his career as a journalist where he worked for 10 years for several news agencies including Reuters and Knight-Ridder Financial.

Based in the London office, Kennedy will work closely with clients and prospects to enhance EDM solutions. Kennedy’s expertise will be instrumental in enabling GoldenSource customers to more effectively manage data, improve risk and increase overall efficiencies for dealing with growing compliance requirements. Kennedy’s strong development background will play a significant role in leveraging awareness of GoldenSource’s enterprise software solutions for improving information quality and efficiency and delivering a substantial return on investment by reducing operational costs.

"The appointments of Peter and Paul mark the beginning of a new momentum for GoldenSource in providing an indirect sales channel to the marketplace, and underscores the significance of EDM solutions to the industry," says Mike Meriton, president and CEO of GoldenSource. "They each bring a high level of financial services expertise, and have made stellar achievements in their respective roles. I am excited to have them on board and welcome their contributions."