Two new business units to meet customer demand

Paris, la défense, 6 April, 2006: In a move that reflects its growing presence across key markets, XRT, a leading financial software supplier covering the entire Financial Value Chain (FVC) announces today an evolutionary change to its structure with the creation of two Business Units. This new organisation will enable the company to focus further on its customers’ needs and promote cross-region collaboration, expertise, and service delivery across the company.

Two Business Units have been created:

- XRT SEA addresses Southern Europe /Latin America regions: SEMEA, Iberia and Brazil. This Business Unit will be directed by Jean Beaufort, General Manager SEA.

- XRT NEA focuses on Northern Europe /North America: USA, Northern Europe and Central Europe. This Business Unit will be lead by Bruno JOSEPH, CEO of the company.

Both Business Units have specific regional product responsibility including, product management, research and development for their respective product line.

This announcement follows a year of significant growth for XRT, and is indicative of the future direction and strategy of the company. As the organization further increases its global focus, with a client list that reflects the scope of its international business, redefining the structure of the company allows XRT to place more products and sales emphasis within key markets, while facilitating the sharing of best practices and knowledge throughout the organization.

In addition to the new Business Units, a Business Practice focusing on XRT Collect has been created with dedicated global resources on XRT’s burgeoning Collection business, which will be a significant growth area for the company over the next 12 months.

Bruno Joseph, CEO, XRT, said, "This new organization further increases our global focus as a company, while facilitating the sharing of best practices and knowledge throughout the organization. As global expansion will continue to be a key part of our growth strategy, it is critical that our resources, including product management and R&D, are aligned with our business goals."

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