TIBCO co-founder Indra Mohan Appointed New Chief Executive Officer of Enigmatec Corporation

SAN FRANCISCO, LONDON, January 19, 2004 - Enigmatec Corporation today announced the appointment of Indra Mohan as the company's new chief executive officer. Mohan, an Enigmatec board member, brings a wealth of experience to the company, both as a founding member of TIBCO's predecessor company, Teknekron Software Systems and as the founder of two subsequent technology start-ups, Contivo and Interweave.

Mohan comments: "I have very much enjoyed working with the Enigmatec team over the past nine months as a non-executive director. This is an exciting time for the company in terms of its market positioning and innovative solutions. I am looking forward to leading the company into new opportunities that leverage its technology strengths and pave the way for new solutions in the web services and enterprise service grid arenas."

Commenting on the appointment, Duncan Johnston-Watt, principal founder and chief technology officer, Enigmatec, says: "Indra brings a whole new dimension to Enigmatec. His admirable track record, accomplishments and strong history with Enigmatec make him the perfect fit for our team. Enigmatec's process-oriented middleware is as ground-breaking today as message-oriented middleware was when TIBCO started out. Indra's appointment is a testament to our ability to deliver world class technology with the Reactive Intelligence Framework."

Enigmatec's technology was recently referenced in the Tabb Group report on "Grid Computing in Financial Markets: Moving beyond compute intensive applications." The report, which looks at grid computing technologies both today and in the future, anticipates that within the next five years, grid computing will be a de facto part of virtually every major financial markets
firm's infrastructure. You can hear the author of the report speak at the Enigmatec sponsored Special Interest Group session "The Rise of the
Enterprise Service Grid" at GlobusWORLD, San Francisco on Wednesday 21st
January 6pm-7pm. A copy of the report will be available to all attendees.

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