IT&e’s Razor Risk Solution Selected by Major North American Bank

30 March 2007

The Board of IT&e Limited (ASX: ITE, AIM: ITEL), a leading technology solutions provider to the global financial markets, is pleased to announce the selection of IT&e’s Razor risk solution by the Group Risk Management division of a major North American financial institution, subject to final contracting.

The decision to select Razor was made after a comprehensive evaluation of vendor solutions and a comprehensive on-site feasibility study. IT&e and the Bank are now engaged in formal contract discussions. Razor will be implemented to address the client’s global trading credit and market risk management requirements subject to finalisation of this contract.

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