IRIS FINANCIAL SYSTEMS BOOSTS SALES AND MARKETING FORCE AS MORE BANKS TURN TO COMPONENT TECHNOLOGY

-More financial institutions are recognizing the value of component technology in building more advanced trading and risk management solutions.

London, 28th March 2002 --- Iris Financial Systems, a leading provider of tailored component-based financial software solutions, has recently appointed Gerry Fernandez as Sales Manager of EMEA and Rebecca Bond as Global Head of Marketing.

Fernandez brings extensive Sales experience gained through senior positions at OM Technology, DST International and ACT Financial Systems. He will be responsible for expanding sales of Iris Financial Systems' Component Services Architecture development environment and launching new products and services within the existing user base.

Bond joins Iris Financial with over ten years of financial technology marketing experience gained through positions at leading software and consultancy companies specializing in providing trading, risk, back office and straight through processing solutions. Her role will be to direct the global marketing activities of Iris Financial Systems' London, New York, San Francisco and Tokyo branches.

Kevin Galliers, Vice President of Sales at Iris Financial Systems,comments: "We are witnessing a growing demand for our technology from trading organizations in every region. Historically our customer base has been typified by the largest trading institutions, but a growing number of mid-tier players are seeing the advantages of component technology. It means they can implement better trading systems that last longer and provide improved ROI in the longer term. Both Gerry and Rebecca join Iris Financial Systems with a wealth of experience that will help us to grow our user base in existing regions and expand into new markets. In particular, Gerry and Rebecca will play a key role in the imminent launch of our new development environment and architecture for tailored trading and risk management solutions."

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