IT&e’s Razor Risk Solution Selected by Australian State Government Authority

5 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 a State Government Authority in Australia.

The decision to select Razor was made after a comprehensive evaluation of vendors and a Pilot process. Subject to finalisation of a formal contract, Razor will be implemented to address the State Government’s fully integrated, advanced market risk management requirements.

James Maranis, CEO of IT&e commented: "We are delighted that an Australian State Government Authority has chosen to measure their risk with Razor. This not only endorses strongly the new architectures behind our product but broadens the Razor market to include the Government sector.”

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