Mike Brooks Joins FINCAD as Senior Vice President & Chief Operating Officer

Vancouver, BC and Dublin, Ireland – 24 August 2011

FINCAD, the market leader for innovative derivatives solutions in the financial industry, is pleased to announce that Mike Brooks has joined FINCAD as Sr. Vice-President and Chief Operating Officer and member of the Executive. He brings to FINCAD more than 15 years’ experience in the software industry in Vancouver.

Brooks holds an MBA from UBC and an Engineering degree from Queen’s University. He brings several years as an executive consultant advising small & mid-size technology companies and prior to that was Vice President of Corporate Development at Business Objects. In this role he was responsible for identifying, negotiating and integrating corporate acquisitions; helping build and execute strategy and business plans and driving executive decision making. Brooks joined Business Objects through its acquisition of Crystal Decisions where he progressed through a number of leadership roles in partner and business development. He has over 15 years of experience in OEM, strategic alliances, partnering strategy, product management and corporate development creating and driving strategies to enter new markets and accelerate market share and revenues.

“We're excited to have Mike join FINCAD at this stage of the company’s development,” said Bob Park, President and CEO. "His extensive experience in the software industry will prove vital to building on our current success and strengthen our position gained from our new products.”

While known for its FINCAD Analytics Suite products, FINCAD also has an entirely new and legacy-free F3TM family of products. Released in 2010, this award winning suite of software solutions gives users the flexibility to price virtually any deal and provide detailed, comprehensive risk reports using FINCAD’s patent-pending Universal Risk TechnologyTM.

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