Numerix: Press release

Increasing Client Demand Prompts New Office Openings in Frankfurt and Milan, in
Addition to Further European Expansion in Stockholm, Paris & London 

NEW YORK, 2012-03-06 15:00 CET (GLOBE NEWSWIRE) --
Numerix (www.numerix.com), the leading provider of cross-asset analytics for
derivatives valuations and risk management, has expanded its local sales
presence in Europe with the opening of two new offices in Frankfurt and
Milan―in addition to the expansion of its Stockholm, Paris and London offices. 

Five industry experts have joined the Numerix EMEA team, helping to meet the
increased demands for Numerix analytic and risk capabilities, as its clients
continue to accelerate their integration of independent analytics―and enhance
their risk infrastructures to accommodate new regulations and market best
practices. 

The new EMEA team members include:

Wolfgang Porada, Regional Sales Manager, DACH: Wolfgang will be focused on
managing and expanding Numerix's client base across the German, Austrian and
Switzerland territories. Prior to joining Numerix, he was Regional Manager for
Northern Europe for QuIC. Wolfgang has strong knowledge of risk products,
specifically PFE (Potential Future Exposure) / CVA (Credit Value Adjustment).
Wolfgang is the first employee in Numerix's newly opened Frankfurt office. 

Maurizio Busetti, Regional Manager: Maurizio will run Numerix's Italian office
operations. Prior to joining Numerix, he was a Senior Sales Manager for Thomson
Reuters in both Milan and Boston over the past 10 years focusing mainly on
Trading and Risk Management practices and solutions. 

Johan Stromberg, Regional Sales Manager, Nordic Region: Johan will be based in
Numerix's Stockholm office with responsibility for existing and new clients
across the Nordic territory. Prior to joining Numerix, Johan worked for Thomson
Reuters Sweden, and EFG Bank, Stockholm. 

Nicolas Thevenet, Regional Sales Manager, France, Belgium, Luxembourg and
Iberia: Nicolas joins Numerix from SunGard where he was selling risk management
solutions to Western Europe, focusing on Risk, ALM (Asset-Liability Management)
and Solvency II. Nicolas was responsible for opening the SunGard office in
Madrid, Spain in 2001 to develop southern Europe business activities. Nicolas
is based in the Paris office. 

Helena Frumson Belitsky, Regional Sales Manager, UK/Ireland & Central and
Eastern Europe: Helena joins Numerix from Sungard where she was responsible for
selling risk management solutions to buy and sell-side firms in the UK and CEE
territories. Helena is based out of the London office. 

"We are very excited to have Wolfgang, Maurizio, Johan, Nicolas and Helena
joining the Numerix EMEA team. Their proven talent and collective experience
will greatly benefit our product offerings," said Steven R. O'Hanlon, President
and COO of Numerix. "The European marketplace is extremely important to
Numerix, and our expansion in the region will continue to benefit our local
clients and expand the robustness of our global offerings," he added. 

"I'm delighted to formally announce the creation of this excellent Numerix EMEA
business team," said Nick Haining, Managing Director, Numerix EMEA. "Their
breadth of experience and local market knowledge not only allows us to expand
Numerix's presence in this key region, but also increase the local support to
the region's already long-standing client base." 

O'Hanlon added: "At Numerix we're continually seeking to increase our
reputation as the industry's most recognized provider of cross-asset analytics
for derivatives valuations and risk management. By recruiting the best talent
we possibly can from across the industry we're able to provide our clients and
partners with an exceptional level of support and the utmost respect." 

Numerix also recently welcomed to its Paris office Udi Sela, formerly the FX
and Cross Asset Suite Product Manager of SuperDerivatives and Rene Anger,
co-founder and the former Chief Technical Officer, General Manager of IT &
Valuation Services at Pricing Partners. 

The newly expanded Numerix offices are located as follows:



Frankfurt                              
Numerix Software Limited               
An der Welle 4                         
60322 Frankfurt am Main, Germany       
Tel: +49 (0) 69 7593 8200              
                                       
Milan                                  
Numerix Financial Software Italy S.r.l.
Via Monte di Pieta' 21                 
20121 Milano, Italy                    
Tel: +39 345 828 5440                  
                                       
Stockholm                              
Numerix Sverige AB                     
Birger Jarlsgatan 2, 5th Floor         
114 34 Stockholm, Sweden               
Tel: +46 (0)8 505 65 100               
                                       
Paris                                  
Numerix LLC France SARL                
8 rue de l'Isly, 2nd Floor             
75008 Paris, France                    
Tel: +33 (0) 1 7577 5280               
                                       
London                                 
Numerix Software Limited               
41 Eastcheap, 2nd Floor                
London, UK EC3M 1DT                    
Tel: +44.20.7648.6100                  

About Numerix

Numerix is the award winning, leading independent analytics institution
providing cross-asset solutions for structuring, pre-trade price discovery,
trade capture, valuation and portfolio management of derivatives and structured
products. Since its inception in 1996, over 700 clients and 75 partners across
more than 25 countries have come to rely on Numerix analytics for speed and
accuracy in valuing and managing the most sophisticated financial instruments.
With offices in New York, London, Frankfurt, Milan, Stockholm, Tokyo, Hong
Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings
together unparalleled expertise across all asset classes and engineering
disciplines. For more information please visit www.numerix.com. 

The Numerix logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11898 

         Numerix Media Contact
         Emily Ahearn
         Director of Public Relations
         Phone 646 898 1294
         Email: eahearn@numerix.com