Numerix Announces Creation of Client Solutions Group and Management Promotion

New York - 11 May 2010

Satyam Kancharla to head newly created client management group

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced that Satyam Kancharla has been promoted to Senior Vice President. The promotion is being made in conjunction with Kancharla assuming responsibility for the company’s newly created Client Solutions Group. Kancharla reports directly to Numerix President and COO, Steven R. O’Hanlon and is based in New York.

The Client Solutions Group primary charter is to work closely with Numerix clients, partners and prospects, to drive new feature requirements for existing products and to work within the confines of Numerix’s global strategic products mandate and define new products that will either be developed organically or through acquisition. Equally important, the new group will be strategically tasked with the following:

• owning and driving all product roadmaps
• ensuring that all current and future products compliment our partners products
• providing product management for Numerix development teams so that clients requirements and usability is detailed to developers in client written specifications
• providing management and oversight of Numerix’s valuation services
• members will participate in annual industry trade shows and company events and serve as domain experts on industry issues pertaining to OTC derivatives and structured products

Commenting on the appointment of Kancharla, O’Hanlon stated, “Satyam has proven himself to be a valuable member of the Numerix team. His strong quantitative software development background and extensive Financial Engineering experience made him a natural to head this new strategic group at Numerix. Satyam and his operation will be expected to evolve our currently successful customer driven product focus to the next level. Satyam has overachieved in every position he has held at Numerix and I am confident that under his leadership this new team of existing and future employees will excel in all aspects of their responsibilities.”

“This new group starts out with a larger operating team than most of our competitors total employee base and we expect to add ten additional team members during fiscal year 2010. This newly formed group will help to ensure Numerix’s continued leadership position in the pricing and risk analytic markets for years to come,” O’Hanlon added.

Kancharla has held various roles in Quantitative Software Development, Financial Engineering and Pre-Sales at Numerix. Most recently he was Vice President, Fixed Income Development and prior to that he was the CTO for Numerix Japan LLC in Tokyo, heading the Pre-Sales, Financial Engineering and Quantitative teams for Asia. Kancharla joined Numerix in April 2003. Prior to joining Numerix, Kancharla worked with Merrill Lynch and GE Capital in Quantitative Finance and Product Development roles.

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