Summit Adds Staff in Period of Accelerating Growth

New York, November 4, 2003 – Summit Systems today announced a number of management and sales additions that will help the firm position itself to take best advantage of its substantial footprint in the global treasury and capital markets arenas and a surge in market demand for cost-efficient transaction processing software.

Kathy Perrotte, returning to the firm after a year-long sabbatical, assumes the position of Chief Operating Officer at Summit’s New York headquarters office. Perrotte, a co-founder of Summit in 1990, previously served in a wide range of technical and business capacities, most recently as Managing Director of Consulting Services. According to Summit’s CEO Herve Baulme, "We are delighted to have Kathy back with the company after some well-deserved time off. Her business acumen and experience with all aspects of Summit’s business and market environment will prove invaluable as Summit enters a renewed period of growth."

Remarking on her return to Summit, Perrotte said: "The decision to continue my career at Summit was easy. As a group, Summit continues to reinvent itself by investing in state-of-the-art technology as well as the highest caliber of financial and technical professionals."
"As COO, I’ll participate in charting new business strategies as well as improving our day-to-day operations and making sure Summit takes full advantage of a pool of very talented people."

Tom Dalglish joins Summit as Director of Technical Services for the Americas. Charged with responsibility for technical pre-sales, client support, and training, Dalglish brings a wealth of global consulting, software development and team-building experience with him. His veteran background includes a ten-year stint at Merrill Lynch in New York and London, where he served as a developer, program manager, and VP. Dalglish brings particular expertise in distributed systems, analytic processes, and market data, and says he "enjoys being part of a company where innovative ideas are quickly translated into software that benefits customers."

Dalglish assumes the role formerly held by Jane Foo, the newly appointed Director, Release Management Group. Her new duties include responsibility for all product release planning and management tasks, quality assurance, documentation, and software deliveries. Says Foo, "As our products become ever more sophisticated, I’ll be busy ensuring that new functionality is made available to our clients in a seamless and responsive manner. I am excited about this new position because I can leverage my earlier development management experience at IBM and JPMorgan along with the client support experience I gained at Summit."

Tim Hudson is the newest Sales Executive joining Summit’s New York office. Hudson’s broad sales background includes particular expertise in the credit markets. During four years at RiskMetrics, Hudson opened and successfully developed the Italian market for that firm. Prior to that position he worked for three years at the Investor Services division of S&P’s Ratings Group. "There are many exciting business opportunities at present, the credit market among them," Hudson maintains. "I joined Summit because I believe it has the best overall set of software solutions for the global treasury and capital markets sector."

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