Philip Rugani Appointed New CEO of Factonomy

Edinburgh, Scotland & New York City, USA, 27 June 2011

Factonomy¹, a leading provider of Business Continuity and Resiliency solutions, announced today that Philip Rugani has been appointed Chief Executive Officer of the company. Mr. Rugani is an experienced technology industry executive with an extensive background in management, sales and marketing, operations, research and development and mergers and acquisitions. With over 30 years of relevant experience Mr. Rugani has held senior leadership positions at some of the most recognizable enterprise software providers in the world.

Most recently Mr. Rugani was at VMWare following its acquisition of Integrien, a leader in real time performance analytics. At Integrien Mr. Rugani was EVP Sales and World Wide Field Operations. Mr. Rugani was also CEO of Jupiter Management Consulting Group, a firm that assists early stage companies.

Mr. Rugani was Vice President for the Americas at IBM, following IBM's acquisition of FileNet, a content and process management solution provider, in 2006 for $1.6B US. At FileNet, Mr. Rugani was Senior Vice President, Americas and Worldwide Channel Operations where he expanded the company's enterprise sales operation and helped manage the transition to IBM. Prior to IBM/FileNet, Mr. Rugani held senior executive positions at some of the most recognizable enterprise software providers in the world, including Oracle, Informix and Alta Vista.

Graeme Bryce, Founder and CTO, Factonomy said he was very pleased to be able to appoint such a high caliber executive to the position of CEO: "During his career, Philip has proven highly successful in growing companies by identifying key inflection points of differentiation, developing effective processes, building successful teams and driving operational effectiveness," Mr. Bryce said. "By drawing on Philip's significant experience, Factonomy will be able to increase its commercial presence more rapidly."

Speaking about his new role, Mr. Rugani said it was an exciting time to join Factonomy: "Factonomy's Business Continuity Management (BCM) suite is the most advanced and most powerful solution on the market with the flexibility to meet an organization’s exact business requirements," Mr. Rugani said. "These BCM solutions have been developed using Factonomy's unique Framework technology which transforms the way applications are developed. Just like Lotus Notes and SQL changed the way organizations thought about application development and databases, so too will the Factonomy Framework. I believe this technology will save organizations millions of dollars in development expenditure," he said.

Notes to Editors

1. Factonomy is a software company that has established a leading position in the global BCM solutions market. Factonomy's BCM solution was developed using their ground-breaking software development platform, the Factonomy Framework, which provides developers with unmatched speed and agility when creating enterprise applications. The Factonomy Framework provides a coherent end-to-end environment for the development of business solutions which allows developers to work independently on functionality, content and style, so they can deliver solutions which are agile, flexible and cost effective.