CLEAR TECHNOLOGY RAMPS UP BUSINESS DEVELOPMENT WITH EXPANSION OF INTERNATIONAL EXECUTIVE TEAM

London - 25 September 2007

Clear Technology, a global software provider to the insurance industry, today announced that Tim Crossley has joined the company as Director of Sales, Europe. In his new position, Crossley will spearhead the company’s new business development in the international insurance and financial services markets. The appointment of Mr. Crossley is the latest in a series of recent Clear executive and management hires, demonstrating the company’s increased focus in Europe, continued expansion of the leadership team and ongoing investment in the company’s growth.

Crossley brings over 20 years of technology experience, including 15 years in business development and sales management positions. Most recently, Mr. Crossley was Vice President and General Manager, United Kingdom and Ireland, with Guidewire Software where he was responsible for establishing Guidewire’s European presence. His knowledge of technology, the insurance and financial services industry, and international markets, combined with his sales and leadership experience are an ideal fit for his new position with Clear Technology. Earlier in his career, Mr. Crossley held sales executive and management positions at IBM, Oracle, Saba Software, and Tivoli Systems.

“I am pleased to announce Tim’s appointment to Clear’s executive team,” commented Brian Cohen, President and CEO of Clear Technology. “He offers a solid and impressive background in technology and insurance that will serve Clear and our international client family well. We look forward to Tim spearheading our business development efforts in Europe as we aggressively work to expand our worldwide market presence.”

“Tim is a welcome addition to our European team”, commented Graham Dawkes, managing director, Clear Technology. “With Tim on board, we have the opportunity to drive our efforts to establish new relationships both within the UK and in Europe”.

In addition to professional experience, Mr. Crossley is a graduate of Cambridge University, where he earned an MA in Chemical Engineering.

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