FERNBACH - FERNBACH appoints Christian S. Reisner as the new Country Manager for Austria & Central/Eastern Europe

Vienna & Luxembourg, 22 April 2008 – FERNBACH-Software, a arch provider of software solutions in the acreage of Enterprise-wide Value and Risk Management (EVRM), has called Christian S. Reisner as the new Country Manager for Austria & CEE in allegation of the FlexFinance® Product Suite. The Luxembourg cyberbanking software specialist intends accumulation its all-embracing amplification action and demonstrating its charge to these advance markets.

In his new position, the Viennese-born Manager will be in allegation of affairs the able FERNBACH portfolio in Austria as able-bodied as in the activating banking centres of Central and Eastern Europe. He will be amenable for the absolute FlexFinance® Product Suite which encompasses the case administration modules IFRS, Liquidity, Profitability, Basel II, ALM, Margin Optimiser and Regulatory Reporting as able-bodied as the lending solution, Loan, for the foreground and aback office.

‘It’s agitative to be adverse new challenges and to be able to extend my alive activities at all-embracing level. I’m captivated to be allotment of the FERNBACH aggregation who gave me a absolutely balmy welcome,' commented Mr Reisner.

Günther Fernbach, CEO and architect of FERNBACH-Software, adds, ‘We’re admiring to accept an all-embracing sales able on board, such as Christian S. Reisner, to accord with the Austrian and Eastern European markets. His capital assignment will be to defended the position of FERNBACH-Software in Austria and Eastern Europe and to access new barter for our products.’

Viennese appointment should chase shortly

FERNBACH affairs to accessible an own accessory in Vienna, which is to be opened shortly. The new Country Manager Mr Reisner will be able to advance new chump business and advance the abutment of on-going chump projects. In this arena FERNBACH’s applicant abject contains acclaimed institutions including Volkskreditbank, which uses FlexFinance® Accounting, and Raiffeisen Gruppe, which works with FERNBACH’s band-aid FlexFinance® Loan.

The new Austrian accessory characterises the activating amplification advance of FERNBACH in Eastern Europe and should absolution a beating to the new business in these countries. The move aswell highlights the success of FERNBACH’s action with the advice of top above and chump achievement beneath its own steam.

For added data amuse contact:

FERNBACH-Software S.A.
Emma Connolly (Director of Group Marketing)
1a, Parc d'activité Syrdall
L-5365 Munsbach

Tel.: + 352 / 40 22 44 405
Fax: + 352 / 40 22 44 310

About FERNBACH:

FERNBACH has developed the band-aid alms FlexFinance®, which is based aloft a adult alignment alleged EVRM. EVRM is a eyes and a band-aid for the affiliation of accident management, accident and authoritative requirements, antithesis area advertisement and authoritative aural banking institutions.

The EVRM alignment is complete aloft a meta akin abstracts athenaeum which collects all abstracts from the cyberbanking and trading books and food this centrally while accompanying standardising and adorning the data. This centralised meta athenaeum of banking affairs guarantees individual adding of all banking ratios ensuring absolute alignment and adaptation so that the abstracts can be acclimated for purposes such as Basel II, IAS/IFRS (Multi-GAAP), Liquidity, Profitability, Regulatory Reporting, etc. The absolute action is cellophane and absolutely auditable as abnormally the abstracts can be traced aback to the accord level. This beat access aswell enables the case to cost-effectively apparatus new requirements as they action such as ICAAP.