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NetEconomy names David Ure non-executive chairman; Jonathan Hodes CFO

26 January 2006  |  2863 views  |  0 Source: NetEconomy

NetEconomy, the leading provider of real-time enterprise risk monitoring solutions for the finance industry, today announced that former Reuters executive and software industry veteran David Ure has been elected to the non-executive post of Chairman of the Board of Directors.

In addition, Jonathan Hodes joined the company as NetEconomy's Chief Financial Officer (CFO). With these additions to the senior leadership team, NetEconomy is poised to accelerate its growth in the financial crime solution market.

"Our rapid sales growth and expanding base of satisfied customers underscores the amazing job our team has done building, marketing and implementing a superior product," said Sebastian Kuntz, CEO, NetEconomy. "David's experience working with start-up organizations and guiding major software powerhouses like TIBCO and Radianz brings a new depth of expertise to NetEconomy. Adding Jonathan also helps us build upon the exceptional leadership team we have in place. These additions, coupled with our world-class solutions and services for managing financial crime, position us well to take the company through its next phase of growth."

David Ure, Chairman of the Board

Ure's professional experience spans more than three decades with Reuters Group, the global information company. Starting as a trainee journalist in the late 1960s, Ure moved into business management, overseeing the launch of new products notably the transactional products for the foreign exchange market. He was also responsible for Reuters' business in Europe, Middle East and Africa and in 1988 was elected to the main Reuters Board, on which he served until July 2000.

In the 90's, Ure supervised Group marketing, product development and technical policy. In that capacity he was responsible for the acquisition of Teknekron resulting in the float of TIBCO Software Inc., where he served on the board. Ure also led the project, which resulted in the creation of Radianz, the Reuters/Equant joint venture to create a financial market extranet that was recently sold to British Telecom. At Radianz, he served as non-executive Chairman of the Board from 2000 to 2004.

Ure's board experience also includes non-executive director posts with Woolwich Plc and currently Blackwell Publishing Ltd and Independent Television News. He is also Chairman of Iris Financial Ltd., an Apax investment specializing in trading room software.

"Over the course of my career, I have been in a good position to assist with the growth and development of several technology companies," said Ure. "All share many of the same attributes that first attracted me to NetEconomy, including great solutions, dedicated and committed employees and a growing base of happy customers who are enthusiastic about sharing their success stories. All of these signs point to a bright future for NetEconomy and I am very pleased to be part of the team."

Jonathan Hodes, Chief Financial Officer
As CFO, Hodes will lead all financial operations for the company and report directly to CEO Sebastian Kuntz. He comes to NetEconomy with an outstanding record of achievement in financial management, strategic business development and business risk assessment. He has extensive experience helping software organizations manage complex global, financial and operational needs. Prior to joining NetEconomy, Hodes was CFO of Primary Group, an international insurance group. He also served as financial director at QAS, an address management software company, where he played a major role in corporate growth and international development while overseeing the launch of global offices on three continents.

"Few software companies combine the industry thought-leadership, technology savvy and dedication to superior customer satisfaction that NetEconomy exhibits," said Hodes. "I look forward to working with the company's dynamic management team to leverage these assets as we work to achieve our strategic business objectives in the financial crime solution market."

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