Enigmatec Names Industry Leader Peter O'Neill As Chief Executive Officer

Business Wire,  Dec 5, 2007  

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Former Fortent Inc. Executive Vice President Will Drive Run Book Automation Leader's Growth

LONDON -- Enigmatec Corporation Limited, the leading provider of enterprise-class run book automation (RBA) software, today announced that Peter W. O'Neill has been appointed as the company's CEO. O'Neill, a software industry veteran with more than twenty years of executive leadership experience, will build on Enigmatec's strong track record and the rapid growth of the IT process automation market to secure the company's position as category leader.

Peter O'Neill brings a wealth of experience to Enigmatec, having held senior positions at Hewlett-Packard, Sequent, KPMG and most recently Fortent Inc. (formerly Searchspace, Ltd.), where he was responsible for driving significant revenue growth over the past seven years. Fortent offers risk monitoring software for banks and as executive vice president of worldwide sales and support, Peter was instrumental in building and driving the sales management and support teams in the US, UK, France, and Germany. Peter also spent nine highly successful years at Sequent, most recently as senior vice president for worldwide sales and professional services.

"It's been an exciting year at Enigmatec, during which our existing and new global customers have validated our technology as best-in-class," said Kevin Lomax, chairman of the board of Enigmatec. "We are poised for significant growth and expect 2008 to be another banner year. Peter brings the skills and talent to capitalize on our rapidly evolving market and consolidate our strong position as a recognized sector innovator in Europe and the US. I am delighted to have him on board."

"Enigmatec's mature and proven automation technology is very attractive, because it enables technology managers to control costs and improve service levels in their highly virtualized and rapidly changing data centers" added O'Neill. "I look forward to further enhancing the benefits and services Enigmatec provides to our customers around the world."

About Enigmatec

Enigmatec is a global leader in run book automation and virtual environment management solutions for today's on-demand enterprise IT environments. The award-winning Enigmatec Management System (EMS) and Virtual Orchestrator (EVO) products reduce IT operations costs and improve service levels through the intelligent automation of IT processes. Enigmatec unleashes the power of leading systems management, virtualization and provisioning solutions by dramatically reducing the labor costs required to operate them. Our global customers rely on Enigmatec as a foundation technology for the next generation data center. Founded in 2002, Enigmatec is a privately held software company with offices in London and New York. Investors include Amadeus Capital Partners, Pentech Ventures, Herald Ventures, and Intel Capital. For more information, visit www.enigmatec.com.

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