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Orc Software names Thomas Bill as CEO

The Board of Directors of Orc Software today appointed Thomas Bill as CEO. Thomas will assume his new position on October 1.

Thomas Bill joins Orc from Protect Data where he has been CEO for the past four years. Under his leadership, Protect Data has developed into a world-leading data security company.

“As demonstrated in his various management positions throughout the years, Thomas Bill has the proven leadership skills and expertise needed to drive Orc’s profitable growth and build long-term value for its shareholders,” says Magnus Böcker, chairman of Orc Software. “Thomas has been very successful in establishing Protect Data’s technology as a global standard for mobile data security. In addition, he has held a number of senior positions with Front Capital Systems, which provides software solutions for brokering, trading and risk-management.”

“Like Orc Software, Protect Data specializes in delivering leading high-tech products globally, providing me the experience to effectively lead Orc,” says Thomas Bill. “I am looking forward to working with Orc’s global team to continue growing the development and uptake of its leading technology solutions worldwide.”

Lars Johansson has resigned from Orc Software and will depart January 31, 2007.

“Orc Software has continued to gain momentum in the global financial industry during Lars Johansson’s term as Orc’s acting CEO,” says Böcker. “He has effectively steered the company and made a fantastic contribution both as acting CEO and in his previous roles during seven years as COO and CFO. We thank Lars for his commitment over time to Orc.”

”I am pleased to hand over to Thomas a company that is in excellent shape with a strong market offering,” says Lars Johansson. “I am proud of what we have achieved particularly in the past year, for example the acquisition and integration of Cameron Systems. After holding various positions within Orc’s management team for seven years and being involved in the listing of Orc Software, I feel it’s a natural progression to embrace new challenges next year.”