* Move comes five months after acquiring Alterna and two months after launch of new version of Trema's solution
* Appointment coincides with a number of key client wins in the region
Boston, 6th September 2004 - Trema, the premier provider of strategic software solutions to the financial industry, today announced that Bill Riffert, a senior technology professional with over 20 years experience in the industry, has joined the company as Executive Vice President and General Manager for the Americas. The appointment comes five months after Trema acquired the cash management solution of leading North American treasury vendor, Alterna, and coincides with a number of strategic client wins in the region, which are to be announced shortly.
Trema, which has recently been nominated for software provider of the year by Global Pensions magazine, already has a strong foothold in the Americas with a client list that includes GE Capital, Lucent Technologies, Cargill, Johnson Controls, and Discovery Capital Management. This appointment comes two months after the launch of Trema's latest version of its solution, which enables corporate and financial institutions to support the hedge accounting and reporting complexities introduced by IAS 32/39, as well as enhancing the support for FAS 133/138.
Bill is a highly qualified executive with extensive experience in building and developing technology firms in the Americas. He joins Trema from Random Walk Computing, Inc. where he was General Manager with responsibilities for growing the firm's nascent business in the North East region. Prior to this, Bill served for 10 years as Vice President and General Manager of TIBCO Finance Technology's (TFTI) North American operation, responsible for all sales, support, and professional services. In this role Bill grew TFTI's revenue from USD 6 million to over USD 48 million in the space of two years.
Speaking about his appointment, Bill comments: "Trema has a number of factors that make it unique: a veritable 'who's who' of worldwide financial markets and treasury clients, a world-class solution and a dedicated and committed staff. Most importantly, these are supported by blue-chip investors, innovative and forward looking founders, and a highly skilled, customer-focused management team with a commitment to constantly reinvesting in innovation. I am extremely pleased to be joining such a prestigious organization at a time when there are so many opportunities for Trema in this region."
MichÃ¨le Fitzpatrick, CEO, Trema, comments: "The Americas are a clear area of growth for Trema, and Bill brings with him the local knowledge and experience that will drive our business forward in this market. Following our recent acquisition of Alterna, the launch of the latest version of our enterprise solution and a number of upcoming strategic wins in the region, Bill's appointment sends the signal that we now have all the pieces in place for significant growth in the Americas."