KEVIN LOMAX JOINS SENTENIAL AS EXECUTIVE CHAIRMAN

Sentenial, an international supplier of total direct debit process solutions, today announced that Kevin Lomax has joined the company as executive chairman. As a founder and former chairman of Misys, the global application software and services provider, Lomax is credited with transforming Misys from a start-up into a billion pound FTSE100 company. Lomax will enhance Sentenial’s senior management team at a time of rapid expansion for the company.

Sentenial is a leading provider of SEPA compliant Direct Debit processing services and solutions to the European corporate and banking markets. Sentenial’s Eurodebit platform is used by a significant and rapidly expanding international client base ranging from SMEs to Global Tier One banks. Sentenial has also recently signed an agreement with Tietoenator, the Scandinavian based IT services group, to supply Sentenial’s Eurodebit solution into Tietoenator’s financial institution client base.

Lomax led Misys from a company of less than 40 employees and revenues of less than £1m through a period of rapid growth and development, including flotation on the UK unlisted securities market in 1987, a subsequent listing on the main London Stock Exchange in 1989 and the company’s entry into the FTSE 100 index in 1998, the first IT software company to do so. Lomax left Misys in late 2006. By then it had some 6,500 employees in 126 countries, with a turnover of around £1bn and peak profits in excess of £140m.

Sentenial founder and CEO, Sean Fitzgerald, said: “Sentenial continues to achieve significant market traction with major contract wins in the banking and corporate sectors. Our Eurodebit SEPA Direct Debit platform is proven and has been deployed and running in the market for some time now. In a market that is beginning to take off, Kevin’s experience and expertise of the domain, will be of immense benefit in developing the company to respond to the opportunity over the coming years.”

Kevin Lomax, Sentenial’s newly appointed chairman, said: “This is a crucial time for Sentenial. There is tremendous opportunity within the market and it is clear to me that the company has a suite of best-of-breed products that matches the needs of the modern European bank. I am confident I can help to ensure that the company fulfils its significant potential.”