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IT&e Limited appoints Gregory Aroneo as Head of Sales and Marketing—Americas

New York, April 24th, 2006—IT&e Limited, the global provider of software solutions for international financial institutions, has appointed Gregory Aroneo as Head of Sales and Marketing – Americas. He will be based in New York City.

Aroneo joins IT&e from Reuters America where he had been a Sales Executive for six years, responsible for selling market data infrastructure, information and electronic trading solutions within the banking and hedge fund market segments. Before joining Reuters, he spent eight years in the global markets trading realm, most recently at Credit Agricole in New York.

John Groetch, COO - Americas of IT&e Global, Inc. commented,“Greg has an in-depth understanding of client needs based on his experience in the trading systems and market data realm. For most of our target clients, this level of understanding is a critical differentiator and positions us as a vendor with consultative value. This senior level recruitment is an important step in helping us deliver our solution oriented approach to a broader range of clients, and is the
next progression of IT&e’s expansion strategy in this hemisphere.”

Commenting on his new role, Greg Aroneo said, “I am delighted to be joining IT&e at this time. I am accepting this important role to help the company continue growing its presence in the risk management and end-to-end trading solutions marketplace”.

IT&e Limited (ASX: ITE) is a leading developer and distributor of software products and services for the financial services industry. The company’s suite of world-class products include Razor, an enterprise risk management product, NextSet PTX, a multi-asset online trading platform and Monarque, an application designed for the trading and processing of the entire spectrum of financial markets instruments. Together, they provide an integrated risk management and multiasset trading solution for financial institutions.

IT&e also has a Northeastern United States Distribution agreement with Inmatrix Inc. for the leading commercial loan risk management products Optimist and Portfolio Strategist. IT&e is headquartered in Sydney and maintains state-of-the-art development centers in Australia and India and regional offices in the United States and Europe.