Capco Appoints Richard Bemindt as Chief Technology Officer of Capco’s Managed Services

New York/London - 20 December 2006

-- New CTO has been named in response to increased demand for managed reference data services --

Capco, the global provider of integrated transformation services and solutions for the financial services industry is pleased to announce the appointment of Richard Bemindt as Chief Technology Officer for the Managed Services business of Capco. Based in New York, Richard brings to Capco more than 20 years of experience in the information technology industry.

In light of the unprecedented demand being seen by Capco for managed reference data services, Mr.Bemindt’s hire brings his enterprise software level experience that will enable Capco to meet this increased need. His experience will immediately enhance CRDS’s ability to service its rapidly expanding client base that depend upon high quality mission critical service. Today, CRDS delivers managed reference data services to 40 clients globally including 9 out of 10 top tier financial services firms.

Mr. Bemindt joins Capco from Applimation Inc and prior to joining Applimation, Richard was the Chief Technology Officer for Petal Computing, where he was responsible for the design and development of the company’s multiplatform grid computing products. Richard was also the CTO for IFS where he managed the development and operations of a platform that serviced multiple hedge funds, as well as the CTO at FTI (GoldenSource) where he managed the development of enterprise software products. Richard previously spent 10 years at Computer Associates in multiple leadership positions across product development, product ownership and internal technologies.

Predrag Dizdarevic, Partner and Executive Vice President of Managed Services, commented, “We are delighted to have someone of Richard’s background joining Capco in such an important role. We are dedicated to providing a state of the art infrastructure that not only supports our existing clients, but will allow us to scale our operations to bring greater efficiencies to current and future clients. It is through his leadership that we will realize the ability to provide an exceptional level of reliability, service and solutions.”

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