XRT appoints Eric Brégand as Executive Vice-President, Products and R&D.

XRT announces the appointment of Eric Brégand as Executive Vice President, Products and R&D. Eric Brégand joins the executive management team, reporting to Alain Fraiberger, CEO & President of XRT. Eric Brégand will lead the product strategy and marketing, as well as the worldwide product management and development organization.

"I am extremely pleased to have Eric Brégand join our management team and lead our development organization," said Alain Fraiberger, CEO of XRT. "Eric has a very strong track record of building great products that deliver high business value to corporate customers, we will also benefit from his considerable experience in managing large and worldwide production units".

Eric Brégand joins XRT after more than 15 years of experience in software development management in high tech industry. Most recently, he was the Group Vice President of Products at Business Objects (the world’s leading provider of business intelligence solutions), where he spent more than 8 years. In this position, he managed a global team of more than 480 engineers in the US and Europe.

"I am very excited about joining XRT. The company has a great potential in a very fast growing market, the Financial Value Chain Management. I am looking forward to the opportunity to contribute to the company’s growth and success", added Eric Brégand.

Eric Brégand is board member of several high tech software editors. 37 years old, he holds Master of Science and Engineering degrees from École Supérieure d’Electricité (SUPELEC).

About XRT (Euronext Paris, Euroclear 5458), Software for the Financial Value Chain.

For the extended enterprise looking into optimizing their Financial Value Chain, XRT solutions enable thousands of organizations worldwide to successfully impact their bottom-line by streamlining collection, liquidity, risks and payments management processes thus effectively reducing their working capital requirements.

Unlike accounting-based systems XRT solutions provide real-time, cash-based information on enterprise-wide financial activities to financial executives and CEO's. In comparison to new comers focusing on a single domain of the financial value chain, XRT solutions span across the financial spectrum while catering to both traditional business flows and those originating from c-commerce channels.

XRT has formed strategic alliances with world-renowned software editors such as JD Edwards, Lawson Software, PeopleSoft, SAP… and with key players such as IBM, Microsoft, Oracle… and with banking partners such as Commerzbank, Erste Bank, Crédit Agricole-Indosuez, Natexis-Banques Populaires, Banco Sabadell… XRT is a member of TWIST - Treasury Workstation Integration Standards Team - and is a partner of Currenex and FXall. These partnerships, combined with XRT's international presence in 55 countries and its high level of expertise, has enabled the company to help over 6 800 clients across 10 000 sites.

XRT was founded in 1983 as CERG Finance. The Company generated EUR 44.6 million in revenue in 2001 with a staff of 350.

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