RANDOM WALK OPENS BOSTON OFFICE; APPOINTS GENERAL MANAGER FOR NEW ENGLAND REGION

New office will target increasing opportunities within 'Buy Side' community


BOSTON, MA. - January 7, 2003 - Random Walk Computing, Inc., a leading provider of enterprise technology solutions for financial services organizations, today announced the opening of a Boston office, to target increasing opportunities within the investment management 'Buy Side' community. Random Walk also appointed industry veteran William W. Riffert to spearhead its Boston regional operations, including business development and sales efforts. Mr. Riffert will report to Joel Scotkin, CEO of Random Walk.

With more than 15 years of background in IT and sales, Mr. Riffert joins
Random Walk from Reuters America where he was Vice President, Application Enterprise Solutions. Previously, he was Vice President, North America Region, at TIBCO Finance Technology and Director of TIBCO's Boston office. He also held positions at Sigma Design, Prime Computer and the Department of the Navy.

"Random Walk is already winning business among the investment management community, which is increasingly looking to leverage the advanced technologies that Random Walk has brought to Wall Street," said Joel Scotkin, CEO of Random Walk. "Our new presence in Boston demonstrates our commitment to servicing this important segment."

Said Mr. Riffert: "I am delighted to be joining the professional team at Random Walk, and look forward to expanding our presence in the buy side market."

The opening of the Boston office follows on from recent expansion of Random Walk's San Francisco office and New York headquarters.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development