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Clear2Pay expands team and presence in EMEA

Brussels, 7 December 2005 –Clear2Pay, the international technology provider of next generation payment solutions for financial institutions and corporates, today announced that it is expanding its EMEA sales force.

Marc Terry joins Clear2Pay as Managing Director & VP EMEA. Based in London (UK), he will focus on expanding Clear2Pay’s presence in the region and manage sales and operations throughout Europe, Middle East and Africa. Marc Terry recently worked for ACI Worldwide, spanning a 17-year career encompassing various international roles, ranging from general management to sales and marketing.

The UK team will be further strengthened by Tina Perasole, who joins Clear2Pay from I-Flex Solutions. In Germany Joachim Golf will be operating out of Düsseldorf. Joachim has spent over 20 years in IT and finance, working most recently for Broadvision, KPMG and Ariba respectively. Both will report to Marc Terry and market the full Clear2Pay’s solutions range, including Bank Payment Hub, Corporate Payment Hub and all Card related products and Remittance services.

Michel Akkermans, Clear2Pay’s Chairman and CEO, said: "Clear2Pay has experienced exponential growth over the past year due to organic growth and acquisitions. We are now focussing on not just expanding our reach, but mainly on intensifying our focus in regions with a large potential for our products and services. Serving our international clients with local knowledge and resources is key, and we are therefore delighted that we have been able to expand our team with these highly skilled professionals with a proven track record and a passion for our industry."