BPS Appoints former SunGard Executive as its New President

Toronto, Canada - 23 October 2006

BPS (Business Propulsion Systems Inc.), a leading provider of enterprise governance, risk and compliance solutions, has named Dale Richards – a former executive vice-president at SunGard – as its new president.

Richards brings more than 20 years of leadership experience in global data and risk management technology to the position. Reporting to the CEO, he is responsible for business development and leveraging the company’s proven track record delivering compliance management solutions to global financial institutions.

Prior to joining BPS, Richards was executive vice-president of enterprise business development at SunGard, where he headed strategic initiatives across SunGard Financial Systems. His successes include launching SunGard’s Enterprise Data Management strategy across the company.

"As an industry leader with an outstanding track record, Dale has the knowledge and experience to drive BPS forward,” said Mark Opausky, CEO. "Under Dale’s leadership, BPS is poised to stand out among competitors as the go-to governance, risk and compliance solutions for financial institutions. We are delighted to welcome Dale to our management team."


“BPS is a company whose technology is proven and I am thrilled to work with an exceptional executive team,” said Richards. “This is a terrific opportunity to develop new business strategies and align management, sales and marketing to drive BPS to the next level.”

Richards’ past experience also includes a CEO position at FAME, a managed data services provider, where he restructured the company and launched a successful strategy to drive the company into a broader market and Benton Associates. He was a founding member of the Enterprise Data Management council and Benton Associates, Inc., a software solution for pre-trade analytics and risk data management.

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